’s largest Purpose Built Co-Living/ Student Housing Facility at Wadala The Location (19.017627°, 72.868492°) The Project is located in the upcoming Wadala precinct of South . This location is witnessing a tremendous improvement in connectivity with almost every major transportation infrastructure project of traversing thru it. The project is 435 meters from the (Wadala exit) making commute to both and speedy thru a signal free corridor. The newly unveiled BKC connector brings BKC within 15 mins of driving distance. The Monorail & 2 connects the project to and Lower . The Harbour line of Mumbai Suburban Train System is within walking distance from the Project.

The upcoming Metro (Wadala-- line) and Metro Line 11 (CST-Wadala line) will be approximately 475 meters from the site location; work on both these lines is at an advanced stage. The upcoming Trans-Harbour Link Road is approximately 1.5 kms from the Project and will connect the site with Panvel and the New Airport. The proposed new Business District, currently known as BKC2, is within walking distance from the site. Thru the proposed - connector, Worli also will be within 15 mins of the project location. Lastly, the upcoming Cruise Terminal is also within 2 kms from site. In essence all major business districts of South Mumbai, namely Fort, BKC, Lower Parel, Worli and Dadar are within 15 minutes of the site and are connected thru the public transport system.

The Developer The Project is promoted by an SPV of Labdhi Lifestyle Limited. Labdhi, a public limited company, and is engaged in developing real estate in the "Affordable Luxury" segment in the Mumbai Metropolitan Region. Labdhi is currently developing more than 2,000 apartments in the MMR region. Labdhi is completely self-funded with zero debt and boasts of an experienced team of over 100 members. The Company believes in internalising all major aspects of its value chain so as to ensure top notch customer experience for the end buyer. At the Affordable Housing end, the Company and its promoters have a land bank of over 150 acres with a development potential of approximately Rs. 5,000 Crores. Within the City limits the Company is developing projects at Wadala and Marine Drive. The Company is on the verge of launching a 2 million sq. ft. mixed use development at Neral, which will include a Mall, School, Hospital along with residential and commercial spaces.

The Coliving/Student Housing Company Zolostays Private Limited, is India’s largest brand of Co-Living and Student Housing Spaces providing a seamless living experience to young professionals and students, changing the way rental living is structured. The team behind the success of Zolo comprises personnel from prestigious institutions like IITs/ IIMs/ AIIMS/ ISB and 800+ strong operating team having several years of experience in Real Estate, Operations, Consumer, and Hospitality Industries. Currently they are operational in 10+ cities with 450+ properties, 45,000+ beds, and industry leading occupancy ratios.

October 1, 2020 1 Private and Confidential Recently, Zolo has raised $56Mn (Series-C) which saw participation from marquee venture capital investors. The current funding round brings Zolo’s total fund-raise to about $90 million (Approximately Rs. 675 Crores).

The Project The building is going to be 35 stories tall and has been granted registration under MAHARERA (reg. number P51900023708.). The Project is located at an intersection of a 36 meter wide and a 9 meter wide existing road. The Project abuts almost 500 acres of Mangroves. Each unit at the Project is well ventilated and is expected to have an uninterrupted Sea View of the Eastern Sea Board of Mumbai. The Project has many amenities such as a Gym with Steam, Sauna and Massage Room, Laundromat, Library, Theatre, Yoga Zone and Sky lounge (400 people capacity). Ample parking facilities have been provided on ground. Architect Shri Prem Nath has designed the project. The final construction permits were issued on 4th Dec 2019 and the 2nd floor of the building is already casted. The Developers hope to complete the project along with Occupancy Certificate formalities by Dec 2022.

A floor plan conducive to co-living has been developed for the Project and has been appended to this deal brief. Each floor has been designed to accommodate 32 beds distributed in single and double bed concept. The average built up area per bed is kept at approximately 9.5 sq. meters per bed and the bathroom to bed ratio has been maintained at 0.5 per bed.

The Value Proposition Labdhi Sea Breeze is strategically located and provides solution to the major issue of public commute in Mumbai. This location falls into a close proximity of all public transportation and connects the site to all direction in Mumbai (Proximity- Wadala station 2 kms, Wadala bridge Monorail Station- 1.7 kms, Eastern freeway connect to South Mumbai- 500mts, BKC Connector- 3.5 kms).

One can reach BKC, Fort, Vashi, Worli and Dadar in almost similar time. Thus, makes it prominent from co-Living standpoint as proximity and convenience plays an important role in decision making for tenants while on-boarding. At this location we aspire to tap the working professional from Lower Parel Business and IT hub, BKC, Dadar, and other suitable locations. As per Zolo’s estimate, the cumulative working population in these areas is more than 4,00,000 of which more than 20% fit into the ideal Co-Living tenant profile.

Apart from this the Wadala-Dadar stretch also comprises of many Colleges and educational institutes that currently do not have sufficient hostel facility. VJTI, which onboards close to 2,000 students per year of which more than 50% are non-native students, is just a few mins from the project location.

Zolo has completed a detailed market study of Mumbai in general and Wadala in particular. Currently, on an average current co-living/ student living options are available in the Wadala area at 15,000-20,000 per bed. These options are basically retrofitted residential units where a 2-3 BHK flat is retrofitted, which lowers efficiency, to suit co-living needs. Generally a 2BHK costs 60-75,000 per month to rent and it typically supports 4 tenants. Add to this the cost of

October 1, 2020 2 Private and Confidential housekeeping and utilities to bring it at par with the Zolo offering. This results in a total cost of living of roughly 19,000 to 24,000 per person. Zolo has modelled this deal at a similar price point. The real advantage for the resident will be superior facilities (as available in the building) zero transaction costs and a richer community environment, which is one of the core focus areas of Zolo. At this point more than approximately 1,000 retrofitted co-living beds are available in the Wadala/ Chembur/ Sion area. This project will provide stiff competition to such facilities with a superior value proposition and similar prices.

The Deal An investor can expect a gross IRR of approximately 8.5% over the entire lease period with more than 5.5% being immediate monthly rental yield.

The highlights of the lease deal offered by Zolo are

1) No Furniture cost. Deal will be for a full fitted out units. 2) Lease tenure of 9 years term with 3 years Lock-in* 3) 5% Escalation on pre-assured rentals every 2 years* 4) Hassle free tenants experience with first class independent service provider 5) Professional housekeeping and maintenance of property

Disclaimers

● This is not an offer document. This executive summary is merely for informational purposes ● The project is developed by Labdhi Siddhivinayak Realtors LLP, a company promoted by Labdhi Lifestyle Limited ● All the numbers are indicative and are for illustrative purposes only, and are subject to market risks ● The layout details, proposed amenities and facilities mentioned/ shown are indicative/project prospective and shall not be construed to be available with the properties displayed here ● The pictures / photos / visuals shown here include artist’s impression of the property being displayed. The actual properties may vary from such representations ● Investors are required by law to inspect all plans, approvals, floor area, project details and appraise themselves of all other relevant information and notices in relation to this advertisement, before investing in the project ● Nothing in this document is intended to act as a substitute to the actual plans and approvals, as may be obtained and amended from time to time ● All are hereby advised to periodically visit the relevant RERA website before taking any decision (available at www.maharera.com) ● We reserves the right to discontinue the offer at any given time without any prior information ● This is not intended to be a legally binding document ● The above is subject to terms and conditions

*Subject to terms and conditions

October 1, 2020 3 Private and Confidential