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Rental markets in Powai
Q: If you are looking for a flat on rent then Powai will be a good locality for rental housing.

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Latest Answer: Good evening Pranab, Yes, apartments in Powai can also bring you healthy returns. The current rental yield is 3.5%. Factors that driving rental demand are: presence of Kensington SEZ, which is an IT SEZ, and the IIT-Mumbai, Important roads offering connectivity and accessibility to the suburb include Jogeshwari-Vikhroli Link Road (JVLR) and LBS (Lal Bahadur Shastri) Marg. The Eastern Express Highway (EEH), which connects the eastern suburbs, passes close to Powai.
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A new residential project in Powai by Hiranandani Builders called Hiranandani Zen Tamara
Q: What is the carpet area of 2BHK in Hiranandani Zen Tamara, Powai?

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Latest Answer: Even last year, a single judge of the High Couirt had in January also restrained Lakeview Developers and others from constructing small 40 and 80 sq.mt houses after 8 housing societies, including Eternia, in the Powai Area Development Scheme took them to court. Because, the developer was merely following an earlier HC order to construct affordable housing.
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L & T Emerald Isle Ph-2 by L & T Realty Limited
Q: Hi, When is the project going to launched? Any idea.

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Latest Answer: @Anuskha, If you are planning for investment then it may provide best returns, only you have to hold it for 24- 36 months. In addition to the infra push by current govt. in major areas, may just help in keeping the rates constant. In February 2013, when Phase-1 was launched the price was 15000/sq-ft. The rate today stands at Rs. 17250/sq-ft. This translate into 14% growth in 1.5 yrs.
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