Real estate in Powai

Q: How is the real estate trends in Powai?

Abhishke Karule, Mumbai

1st August 2013

Locality Review in Mumbai

mumbai real estate market

real estate trends

price trends in powai

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What are the new projects coming in Powai?

Sandeep Mhatre, Mumbai

1st August 2013

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Hiranandani Gardens, Shree Sai Sapphire, Bhagtani Krishaang, GHP Mars Suncity and Burberry And Bryony are some of the ongoing projects in Powai

Suresh Khanna, Mumbai

1st August 2013

Powai has grown exponentially as one of Mumbai's most posh residential and commercials hubs. The suburb has commercial institutions such as Deloitte, CRISIL and Bayer. Some of the commercial institutions are located in the Kensington SEZ in Powai. L&T has a manufacturing plant in Powai.

Anuj Gupta, Mumbai

1st August 2013

Comment

Powai has several educational institutions. Some of the most famous are IIT Bombay and National Institute of Industrial Engineering. Powai has several malls, a dance academy, mega stores and hospitals such as the Hiranandani Hospital.

Anuj Gupta, Mumbai

1st August 2013

How is the connectivity and assessibility?

Abhishke Karule, Mumbai

1st August 2013

Powai has excellent road connectivity and bus services within the locality as well as to different parts of Mumbai. It has the Lal Bahadur Shastri Marg (old Mumbai-Agra road) to the north-east. The Jogeshwari-Vikhroli Link Road (JVLR) which links the western and eastern suburbs of Mumbai passes through Powai and is one of the busiest thoroughfares in city. The Mumbai International Airport is just 5km away from Powai. It does not have a suburban railway station. The nearest railway station is Kanjurmarg railway station which is on the central main line of Mumbai Suburban Railway. It is 3.5 km away from Powai.

Vineet Tendulkar, Mumbai

1st August 2013

Powai has many residential complexes. The most prominent is the Hiranandani Gardens. There are other complexes such as Jalavayu Vihar belonging to the Indian Armed Forces and residential complexes belonging to the NTPC, Income Tax department and Customs. Some apartment complexes include Nahar Amrit Shakti apartments and Oritel Service Apartments.

Suresh Khanna, Mumbai

1st August 2013

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What is the rental value of residential and commercial in this area?

Abhishke Karule, Mumbai

1st August 2013

The rent for a 1-BHK property in Powai is between Rs. 17,000–37,000. A 2-BHK property is available for rent of Rs. 25,000–1.3 lacs. A 3-BHK property can fetch a rent of Rs. 35,000-3 lac while a 4,5-BHK property is available for a rent of Rs. 70,000 – 5 lacs. A commercial property of size 300-80,000 sq-ft fetches a rent of Rs. 15,500-75 lacs depending on the location, size and other amenities.

Ravi Waghmare, Mumbai

1st August 2013

The last year has seen a steady rise in property rates for residential properties with minor fluctuations. Multistorey apartments saw a rise of property rates from Rs. 14,800 to 18,270 per sq-ft while residential houses saw a rise from Rs. 14,400 to 14,620 per sq-ft.

Ravi Waghmare, Mumbai

1st August 2013