MUMBAI AN EMERGING HUB FOR NEW BUSINESSES & SUPERIOR LIVING 2 Raigad: Mumbai - 3.0 FOREWORD Anuj Puri ANAROCK Group Group Chairman With the island city of Mumbai, Navi Mumbai contribution of the district to Maharashtra. Raigad and Thane reaching saturation due to scarcity of is preparing itself to contribute significantly land parcels for future development, Raigad is towards Maharashtra’s aim of contributing US$ expected to emerge as a new destination offering 1 trillion to overall Indian economy by 2025. The a fine balance between work and pleasure. district which is currently dominated by blue- Formerly known as Kolaba, Raigad is today one collared employees is expected to see a reverse of the most prominent economic districts of the in trend with rising dominance of white-collared state of Maharashtra. The district spans across jobs in the mid-term. 7,152 sq. km. area having a total population of 26.4 Lakh, as per Census 2011, and a population Rapid industrialization and urbanization in density of 328 inhabitants/sq. km. The region Raigad are being further augmented by massive has witnessed a sharp decadal growth of 19.4% infrastructure investments from the government. in its overall population between 2001 to 2011. This is also attributing significantly to the overall Today, the district boasts of offering its residents residential and commercial growth in the region, a perfect blend of leisure, business and housing thereby boosting overall real estate growth and facilities. uplifting and improving the quality of living for its residents. Over the past few years, Raigad has become one of the most prominent districts contributing The report titled ‘Raigad: Mumbai 3.0- An significantly to Maharashtra’s GDP. The per capita emerging hub for new businesses and superior GDP of Raigad - as per 2016-17 - is INR 1,84,215 living’ highlights how the district is riding high on which has witnessed annual growth of 11% over its pillars of strength including industrial growth 2011-12, higher than its neighbours including and showcases the positive impact of varied Mumbai, Thane and Pune which witnessed 10% ongoing infrastructure projects that are fueling CAGR growth each over the same period. growth across sectors in the region. The report further traces how Raigad district is seeing the Major infrastructure initiatives taken by the launch of varied configurations in the primary government to enhance and ease out the market which can be a viable investment option connectivity between the neighbouring cities for the discerning investors. is expected to further increase the economic Overview 04 - 09 TABLE OF - Raigad district: Key highlights CONTENTS - Economic Profile Raigad: Mumbai - 3.0 3 Ateeque Khot MCHI- CREDAI President, CREDAI MCHI Raigad CREDAI MCHI Raigad is an Association of seminars related to union budget, GST, Income Developers which, was formed in 2010 under the Tax, building design n safety, town planning etc. leadership of Mr. Raajesh Prajapati . It was started apart from organising mega Property Exhibitions, with barely 35 to 40 members who would meet we have also organised various fellowship as frequently as possible for the benefit of the programs on occasions of Holi , Diwali and other members of the association. Their effort bore fruit festivals. As well as we have our consumers and today we are one of the strongest and active grevince sale to solve problem of our costumers. unit of MCHI with around 200 members. Our members are spread across the whole of Raigad We take pleasure to announce that we are ie Khargar, Panvel, Pen, Alibaug, Neral, Karjat and organizing a grand event namely ‘Mumbai 3.0 Khopoli. We hold frequent regular meetings and – Real Estate Business Summit Raigad MMR’ endeavour to keep the members abreast with all on Thursday 18th July 2019 and have invited new developments in the region as well as new developers, channel partners , stake holders and innovations in the housing industry. Press across Mumbai, Thane and Navi Mumbai to inform and educate them on the multiple and We have been putting forward the concerns various investment opportunities in this Raigad and issues of our members related to Housing area and also to streamline the perception of the Industry in Raigad area with the various general public as well as stake holders about this Government authorities like Cidco, Naina, area. MSRDC, MMRDA and Collectors Office and have been vigorously following up with these Our strong Managing Committee lead by me departments and our issues are slowly but surely as a president along with reputed International being addressed. All related Government agencies Property Consultants, M/s Anarock have decided have recognised our identity as an effective face to come out with a white paper on Raigad which of housing industry in Raigad region. Therefore will enlighten the delegates about various pillars we get the respect and attention due to us. We of growth and future opportunities in this exciting have regularly educated our members through Raigad region Why Raigad? 10 - 31 The Way Forward 32 Raigad riding on its Five Pillars of Strength 1. Warehousing, Industrial and Logistics 2. Tourism 3. Commercial Developments 4. Education Hub 5. Residential Developments Infrastructure initiatives to boost Raigad’s development 4 Raigad: Mumbai - 3.0 OVERVIEW Earlier known as Kolaba district, the region was The northern part of Raigad - consisting of eventually renamed as Raigad in view of its past Kharghar, Ulve node, New Panvel and Khanda name – Rairi – which was the fort and principal Colony, Taloja, Kamothe and Kalamboli nodes as capital of the previous Maratha Empire. Kolaba well as Uran City and its port, the JNPT - comes was separated from Thane district in 1869. The under the planned metropolis of Navi Mumbai. northernmost pieces of today’s Raigad district were held in Thane district while Panvel, just Raigad today offers a fine balance between across the sea from Mumbai, was excluded in leisure, business and housing to the inhabitants Kolaba region until 1883. Karjat, a zone in the of this district. Majority of the population in the north-east corner of today’s Raigad district, was surrounding districts of Mumbai, Thane and not set in Kolaba district until 1891. Pune also tend to spend majority of their leisure time exploring different places in Raigad district. The district is circumscribed by Mumbai Harbour to the northwest, Thane district to the north, Pune district to the east, Ratnagiri district to the south, and the Arabian Sea to the west. Raigad also includes a large natural harbour of Pen-Mandwa, which is immediately south of Mumbai harbour. Emerging destination, Raigad currently has a low population density of only 368 inhabitants/ sq. km., the best amongst its neighbouring regions. Raigad: Mumbai - 3.0 5 MAHARASHTRA Thane Mumbai Panvel Karjat Uran Khalapur Pen Pune Alibag Sudhagad (Pali) Roha Murud Tala Mangaon Mhasla Mahad Shrivardhan Poladpur MAP OF RAIGAD DISTRICT 6 Raigad: Mumbai - 3.0 Raigad District: Key Highlights ADMINISTRATIVE Divided into 4 subdivisions, with 15 talukas and 1,967 villages GEOGRAPHIC SPREAD 7,152 sq. km. LITERACY RATE 83.89% (as per 2011 Census) POPULATION 26.4 Lakh (as per 2011 census) URBANIZATION RATE 36.9% Raigad District vs Neighbours Region Population Population Growth Population Density (Lakh) Rate (2001 to 2011) (inhabitants / sq. km.) Greater Mumbai 124.42 3.87% 19,652 Thane district 111.00 36.01% 1,157 Pune district 94.29 30.37% 603 Raigad district 26.34 19.31% 368 Source: Census 2011, ANAROCK Research Raigad: Mumbai - 3.0 7 With major developments moving towards Navi Mumbai and beyond in the previous decade, Raigad district’s population has also grown significantly over the period, reaching 26.4 lakhs as per 2011 Census - 19.4% higher than the 2001 population. Considering that it is still an emerging destination, Raigad currently has a low population density of only 368 inhabitants/ sq. km., the best amongst its neighbouring regions. 8 Raigad: Mumbai - 3.0 Economic Profile Raigad is a critical district for the state of opportunities, industrial development, Maharashtra. Since 1960, it has contributed transportation corridors, and various other significantly to the state’s overall development aspects that have led to an increase in by enhancing tourism, employment Maharashtra’s income. Raigad: Key Destinations Tourist Educational Industrial Destinations institutes zones Source: ANAROCK Research Raigad: Mumbai - 3.0 9 Raigad’s GVA and Per Capita GDP At Current Prices 60,000 2,10,000 50,000 1,90,000 1,70,000 40,000 1,50,000 30,000 1,30,000 20,000 1,10,000 90,000 10,000 70,000 0 50,000 2011-12 2012-13 2013-14 2014-15 2015-16 ER 2016-17 BE GVA (INR Crore) Per Capita GDP Note: RE: Revised Estimates; BE: Basic Estimates Source: Economic Survey of Maharashtra 2017-18, ANAROCK Research Raigad district’s per capita GDP in 2016- opportunities due to the presence of established 17 was estimated to be INR 184,215. The per industrial zones and has a relatively faster capita income for the district grew at a CAGR growing and vibrant economy compared to its of 11% between 2011-12 to 2016-17, higher than neighbouring established districts which majorly that of Mumbai district (10%), Thane district offer white-collared jobs in the service sector. (10%) and Pune district (10%) during the same period. Raigad offers significant employment 10 Raigad: Mumbai - 3.0 WHY RAIGAD? Raigad district offers a perfect blend comprising Raigad district today stands tall on the five key industrial, leisure, education, residential and pillars which are likely to act as future growth ample opportunities within its gambit. It also catalysts and aid in the holistic development has a lot to offer to its own residents and even of the area which will henceforth evolve as visitors from the neighbouring cities.