MUMBAI

#GlobalCities2015

For more information, write to

KnightFrank.India@in,knightfrank.com

Objectives and Target Segment

Navigating the global cities with respect to the challenges and

opportunities in real estate

The changing face of business districts and emerging residential

neighbourhoods in the leading cities of the world

Prime office and residential market outlook

Primarily targeted towards institutional investors, global High Net-worth

Individual investors, government bodies and urban planners

TRENDS IN LEADING

GLOBAL CITIES

#GlobalCities2015

BROOKLYN

QUEENS

BRONX

STATEN ISLAND

Midtown South

Lower Manhattan

Dumbo

Williamsburg

Commercial Hubs

Upcoming Prime

Neighbourhood

New York City

Williamsburg emerges as

the next prime residential

neighbourhood with

presence of high quality

properties, a great lifestyle

offer and convenient access

to employment hubs

DUMBO (Down Under the

Manhattan Bridge

Overpass) has the highest

concentration of tech firms

with 500 tech and creative

firms employing over

10,000 workers

Williamsburg

40.6%

30.5%

42.5%

0%

10%

20%

30%

40%

50%

1 Year 2 Years 3 Years

Prime City Price Performance

Source: Global Cities Report, Knight Frank

London City

Central Business District Canary Wharf

Shoreditch

Victoria Park

Commercial Hubs

Upcoming Prime

Neighbourhood

Victoria Park emerges as the

next prime neighbourhood

with tech companies pushing

demand and value Shoreditch, fast emerging as

a hub for tech and media

companies – grown from 15 in

2008 to more than 1,300 in

2014

Victoria Park

Prime City Price Performance

Source: Global Cities Report, Knight Frank

7.5%

16.2%

29.4%

0%

10%

20%

30%

40%

1 Year 2 Years 3 Years

MUMBAI

#GlobalCities2015

CBD & Off CBD

14 15

2007 2014

BKC & Off BKC

2007 2014

11

4

2007 2014

10

2 Central Mumbai

Office Stock in Prime Office Markets

CBD & Off CBD

BKC & Off BKC

Central Mumbai

Share of Office Stock in Prime Office Markets

10% 11%

2007 2014

9%

4%

2007 2014

38%

14%

2007 2014

CBD & Off CBD

BKC & Off BKC

Central Mumbai

Vacancy in Prime Office Markets

13%

2%

2007 2014

17%

10%

2007 2014

1%

15%

2007 2014

CBD & Off CBD

BKC & Off BKC

Central Mumbai

Upcoming Prime Neighbourhoods

Wadal

a

Chembu

r

Wadala - Upcoming Prime Neighbourhood

Average prices increased

from Rs.13,000/sq.ft. to

Rs.16,500/sq. ft.

during 2011-14

Proximity to prime office

markets, infrastructure

development and lifestyle

enhancement opportunities

Prime City Price Performance

Source: Global Cities Report, Knight Frank

3%

10%

27%

0%

10%

20%

30%

1 Year 2 Years 3 Years

Chembur - Upcoming Prime Neighbourhood

Average prices increased

from Rs.10,500/sq.ft. to

Rs.15,500/sq. ft. during

2011-14

Proximity to prime office

markets and infrastructure

development in Chembur

helping it emerge as the

next prime neighbourhood

Prime City Price Performance

Source: Global Cities Report, Knight Frank

15%

29%

48%

0%

10%

20%

30%

40%

50%

1 Year 2 Years 3 Years

GLOBAL CITIES RANKING

#GlobalCities2015

Prime Office Rent Ranking

Source: Global Cities Report, Knight Frank

50.0

57.6

59.8

71.4

77.6

94.7

95.4

98.4

179.4

181.9

$0 $50 $100 $150 $200

Mumbai

Frankfurt

San Francisco

New York

Sydney

Tokyo

Paris

Singapore

London

Hong Kong10

98

76

54

32

1

Note: Rent in USD/sq ft/annum

Slipped from rank 6 in 2007 when it stood at USD 93

Office Vacancy Rate Ranking

Source: Global Cities Report, Knight Frank

23.0%

11.3%

10.3%

8.8%

8.4%

8.1%

6.1%

5.9%

5.9%

5.8%

5.2%

0% 5% 10% 15% 20% 25%

Mumbai

Madrid

Singapore

Sydney

New York

Paris

London

San Francisco

Shanghai

Tokyo

Hong Kong

1510

98

76

54

32

1

Prime Office Yields Ranking

Source: Global Cities Report, Knight Frank

4.2%

4.2%

4.5%

5.5%

6.0%

6.2%

6.3%

6.4%

7.8%

10.3%

0% 4% 8% 12%

San Francisco

New York

Frankfurt

Madrid

Shanghai

Washington

Sydney

Houston

Mexico City

Mumbai

109

87

65

43

21

Office Rental Growth Ranking (2014-2019)

Source: Global Cities Report, Knight Frank

11%

13%

15%

16%

20%

22%

25%

28%

29%

36%

0% 10% 20% 30% 40%

Mexico City

Tokyo

Mumbai

London

Washington

Sydney

Singapore

New York

Madrid

San Francisco

109

87

65

43

21

Prime Residential Price Growth (2009-2014)

Source: Global Cities Report, Knight Frank

20%

21%

30%

36%

49%

62%

66%

70%

73%

136%

0% 40% 80% 120% 160%

Mumbai

San Francisco

Paris

New York

Hong Kong

Shanghai

London

Beijing

Dubai

Jakarta

109

87

65

43

21

Q&A

#GlobalCities2015

For more information, write to

KnightFrank.India@in,knightfrank.com