Powai is a well-developed suburban area of Mumbai that is located towards the north-east of Mumbai. The area offers a cosmopolitan living environment. Powai has transformed into a major real estate destination over the passing years. It is attracting residential property buyers who are hugely nature-friendly. The area offers a picturesque view of beautiful Vikhroli Paksite Hills and the mesmerizing lake.
Powai offers a well-connected location to various locations in Mumbai. It is surrounded by Sanjay Gandhi National Park, Chandivali, and L.B.S. Marg. The Jogeshwari-Vikhroli Link Road links both eastern and the western suburbs of the city. The upcoming new roads projects by the government will improve the overall connectivity of the area. It is also located in close proximity to the Chhatrapati Shivaji International Airport. Powai is located near major areas like Chembur, Chandivali, Ghatkopar, Mulund, Kurla, Andheri, and Ghatkopar that attracts the homebuyers majorly to the region. Powai is surrounded by leading educational institutions, best of healthcare facilities, banks, ATMs, shopping malls, hotels and restaurants.
Powai is also becoming a major start-up destination for various new entrepreneurs. It is a home to multiple MNCs and business organizations such as Deloitte, Larse & Toubro, Bayer, Crisil and many more businesses. The business started in Powai often exceeds to chief CBDs (Central Business Districts) in Mumbai. This is the reason its gradually becoming a destination in demand for commercial as well as residential properties in Powai.
The major drawback with the location of residential or commercial properties of the region is that it doesn’t have direct railway connectivity. Powai can be reached through Kanjur Marg Railway Station that is on the central line. Kanjur Marg is approximately 5 KM away from Powai. The next nearby railway station is Vikhroli i.e. 6 KM from Powai. Though these railway stations are close by it takes a lot of commute time changing stations to reach a particular destination or workplace
Powai offers multiple ranges of residential and commercial projects for rent and sale purpose by various builders. Homebuyers are attracted towards the property in this area because Powai is a major destination for investment in the real estate market from the return perspective in the future. Kanaka Future new project in Hiranandani Premium residential projects offer 1, 2 and 3 BHK apartments at affordable prices along with luxurious life and social amenities. The project is centrally located to offer smooth connectivity to major parts of Mumbai. The residential projects like Ekta World’s Lake Riviera Project offer 1, 2, and 3BHk apartments with a fine luxurious lifestyle. The maker of Lake Homes that is the Ekta World is trying to set new benchmarks with variable values in each of its projects. Shappoorji Pallonji Vicinia project in Chandivali offers apartments with fine living to an upgraded new level. The major highlight of the project is 22 storeys and 19 towers and additional 5 storey building along with wide array of amenities and advantageous location and many more luxurious projects are in the region to suit every budget and requirement.