Real Insights – Powai : A CommonFloor Report 2015
Powai, in north-east Mumbai, is considered as one of the upscale suburbs in the country’s financial capital. In recent years, Powai has surpassed other eastern suburbs in its luxury quotient as well as demand for housing. Multiple factors have been the driving forces behind Powai’s growth into a posh residential hub.
The following report tries to identify the various factors that led to the growth of the suburb and its real estate market. Further, the report identifies the present real estate market scenario in terms of housing sale and rent, the key trends, the top builders and their projects available, the civic issues, and the opportunities available for the suburb’s future growth, amongst others.
“As part of ‘Real Insights’ into real estate, commonfloor.com has come up with a detailed report on Real Insights – Powai with in-depth analysis based on CommonFloor data.
For detailed report“
To summarize it all, Powai continues to grow as an attractive real estate hub for the upper middle class and high net worth individuals. Interestingly, a significant demand for housing comes from the tenants rather than property buyers. Nonetheless, offering properties for both sale and rentals, the area continues to witness growth in infrastructure and appreciating property prices over the years. Moreover, considering the various parameters, one can expect a positive real estate growth in the area in the near future.
