When selecting the location for your dream home in Mumbai, what factors are you likely to consider? The top priorities of homebuyers are usually location, convenience, affordability, reputable developers, and potential. Fortunately, Powai is a suburb that excels in all of these areas and is likely to meet your needs.
One of the central suburbs of Mumbai, Powai's location and excellent connectivity make it a very attractive real estate destination. Surrounded by bustling hubs such as Andheri, Saki Naka, Ghatkopar, and Saki Naka, Vikhroli is just where homeowners want to live. Apart from its easy reach to both the Eastern and Western Express Highways, Powai has the exceptional advantage of lying on the southern fringe of the Sanjay Gandhi National Park and the Vihar Lake.
Powai offers the best of urban comforts with a robust civic infrastructure. Apart from this, it is perfect for families looking for quiet neighbourhoods, proximity to world-class schools, colleges, hospitals and medical facilities, and malls. The restaurants and cafes are just as good as neighbouring Andheri and also offer the exclusivity that is rare to come by in Mumbai. Perhaps what attracts homebuyers the most is living on the fringe of a bustling urban centre and an expansive green national park at the same time.
Property prices in Powai have gone up from about INR 8700 per square foot in 2008 to nearly INR 21835 per square foot in early 2023. This phenomenal rise in property prices brings good cheer to homeowners. Given the trend, real estate investors are keen to board the bandwagon and become part of Powai's impressive growth story.
If there is one factor that makes Powai famous, apart from the stunning natural beauty of Powai Lake, it is the famous IIT Mumbai campus located here. One of the premier institutions of higher education in the country, IIT is the feeder for several domestic and international corporations. This has prompted a number of major corporations to set up offices in Powai, Andheri, and the surrounding neighbourhoods, further promoting development and an increase in real estate prices.
Powai's central location, excellent connectivity, clean green neighbourhoods and highly developed infrastructure make it a favourite with developers and homebuyers. This micro market is indeed charting an unprecedented growth story. Are you ready to invest in Powai?
Vastu is an ancient Indian system of architecture and design that aims to create harmony between humans and nature by balancing the five elements - earth, water, fire, air and space.
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