There was a time in the 1980s and 1990s when Powai was not in the conversation when it came to investing in real estate in the booming city of Mumbai. Fast forward to the present day, which could not be further from the truth.
Today, Powai is one of the most lucrative real estate micro-markets in the MMR. This is down to the expansion of Mumbai’s corporate and employment footprint beyond the core city to its outer arms and regions, opening up new possibilities for developers as well as homebuyers. Add to the rise of modern connectivity, metro link, and rise of modern urban constructions, and you have the perfect neighbourhood to thrive and grow in the city of Mumbai.
If you are considering purchasing a promising flat for sale in Powai, then you should be well aware of the locale. For the uninitiated, Powai is located in the north-eastern part of the city, near the Powai Lake and the Sanjay Gandhi National Park. It has an estimated population of around 2.16 lakhs. It is known for its cosmopolitan culture, green spaces, educational institutions, and entertainment options.
Powai offers a range of housing options, from luxury apartments and villas to affordable flats and co-living spaces. The average price for a flat for sale in Powai is around Rs. 25,000 per sq. ft., while the average rental income one can earn in the region varies from Rs. 8,000 to Rs. 2 lakh per month, depending upon the type of property. Some of the best localities to consider include Chandivali, Hiranandani Gardens, MHADA Colony 19 and 20, BSNL Colony, and Ramabai Ambedkar Nagar.
Since Powai is one of the most popular suburbs in Mumbai, it is home to some of the best developers such as Godrej Properties, Hiranandani Developers, L&T Realty, etc., and housing projects such as the iconic Hiranandani Gardens, Lake Homes, Nahar Amrit Shakti, Raheja Vihar, and L&T Emerald Isle. Some of the hottest properties in the neighbourhood at present include Regent Hill, Urban Park, Mars Wing B, and Elixir Reserve. These complexes offer various global-standard amenities such as swimming pools, gyms, clubhouses, gardens, security, and parking.
Powai is well-connected to other parts of Mumbai by road, rail, and metro.
The Jogeshwari-Vikhroli Link Road (JVLR) and the Eastern Express Highway (EEH) are the main arterial roads that connect Powai to the western and eastern suburbs respectively. The nearest railway stations are Kanjurmarg and Vikhroli on the Central Line, while the nearest metro stations are Saki Naka and Marol Naka on Line 1. The Chhatrapati Shivaji Maharaj International Airport is also just 10 km away from Powai. Powai also has a good network of buses, taxis, autos, and app-based cabs for local commute.
If you are planning to purchase a flat for sale in Powai with the intention of giving your family the best life possible, then you would be glad to know that Powai is home to some of the best educational institutions as well as healthcare.
Famous educational institutions in the neighbourhood include Indian Institute of Technology (IIT), National Institute of Industrial Engineering (NITIE), Hiranandani Foundation School, Bombay Scottish School, Podar International School, and S.M. Shetty International School. These institutions offer quality education from kindergarten to postgraduate level in various streams and disciplines. Powai also has several reputed healthcare facilities, such as Dr. L.H. Hiranandani Hospital, Seven Hills Hospital, Nahar Medical Centre, Powai Polyclinic, and Gopal Sharma Memorial Hospital. These facilities provide comprehensive medical care and emergency services to the residents of Powai.
Powai has a vibrant shopping and dining scene, with a variety of malls, markets, restaurants, cafes, bars, and pubs.
Some of the popular shopping destinations in Powai are R City Mall, Galleria Shopping Centre, Haiko Supermarket, D Mart, and Nature's Basket. These places offer everything from branded clothes and accessories to groceries and household items. Some of the popular dining destinations in Powai are Mirchi & Mime, The Fatty Bao, Mainland China, Pizza Express, Sigree Global Grill, Le Pain Quotidien, Starbucks, Theobroma, and Baskin Robbins. These places offer a range of cuisines from Indian to Chinese to Italian to Continental.
Powai also has plenty of options for recreation and leisure activities for all age groups and interests. Some of the attractions in Powai are Powai Lake, Sanjay Gandhi National Park, Mahakali Caves, Hiranandani Garden Park, Nirvana Park, etc.
Powai encapsulates the perfect blend of modernity and tranquillity, offering residents a complete living experience. From upscale housing options and convenient connectivity to top-notch amenities and a serene environment, this neighbourhood has it all. If you are on the lookout for a new home that offers a premium lifestyle with a touch of nature, Powai beckons you with its open arms. Discover the allure of Powai – where every day is an opportunity to live life at its best.
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