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Powai is an upmarket residential neighbourhood located in the north-east Mumbai, now. Initially, it started off with a humble beginning, and was just a central village. But as of today, it has grown prolifically and exponentially to become one of Mumbai's most upmarket commercial and residential hubs. Not only this, Powai is also Mumbai’s start-up hub, with a wide array of young entrepreneurs springing from institutes like IIT Bombay. The Mood Indigo festival that happens annually in the IIT campus is synonymous with Powai. There are a lot of big clothing brands, coffee brands, good restaurants and other world class retail outlets that are housed in Powai. Some noteworthy brands include the famous and unique Mirchi& Mime restaurant in Powai. Recently Chaayos, the very rapidly mushrooming new age tea revolution has opened a swanky outlet in the leafy neighbourhood of Powai. The Go-Kart facility in Powai is another feather in the cap for this location and these multiple entertainment options clubbed along with the peaceful and leafy environment that Powai offers makes it a very ideal real estate and property investment destination by default.
It is situated on the banks of Powai Lake and is bound by the hills of Vikhroli Parksite to the south-east, Chandivali to the south-west, the L.B.S. Marg (old Mumbai-Agra road) to the north-east and the Sanjay Gandhi National Park to the north beyond the lake.
CONNECTIVITY & MAJOR ROADS
Powai has very strong connectivity, as one of the city’s busiest thoroughfares linking the western and eastern suburbs- the Jogeshwari Vikhroli Link Road passes through it. Another highlight is the fact that Mumbai’s only airport is at a meager distance of 5km from Powai.
Powai has innumerable commercial centres, luxury hotels-one of the many factors that make it as famous as it is today. Some of them are Sanofi, Amazon, FIS, TCS, Credit Suisse, Prudential plc, Jardine Loyd Thompson, JP Morgan, Nomura, CRISIL, Deloitte, and Bayer among others. Larsen & Toubro, one of India's oldest multinational conglomerates, has a manufacturing plant at Powai.
Powai also has quite a few impressive schools and colleges- so if the above mentioned list wasn’t long enough, here’s another:
- Indian Institute Of Technology, Bombay
- National Institute Of Industrial Engineering
- Bombay Scottish School, Mumbai
- S.M. Shetty High School
- Japanese School Of Mumbai
- Hiranandani Foundation School [HFS]
- Kendriya Vidyalaya-IIT Powai
The biggest landmark and attraction of Powai is hands-down, the majestic Powai Lake.Earlier, the lake was as a beautiful place to be, with migratory birds, people idly enjoying picnics or strolls, and a few crocodiles milling about in the water [sheesh!]. But now, with so many detrimental changes, and uncontrolled rise in population and urbanization, the flora and fauna has been adversely affected. But that’s a discussion for another time.
Hiranandani Gardens is one of the many integrated townships that Powai is home to. This is the exact project that has given Powai the amazing facelift and transformed it into a world class locality. In fact Powai is a super favourite location of not only the local HNI population but also expatriates that come into Mumbai from various places in the world.Powai real estate is one of the most vibrant one in the Mumbai city and there is always a very strong demand for properties in Powai with a very healthy price rise over the years.
There are a lot of upcoming residential & under construction projects in Powai . Apart from this Powai also has a lot commercial offices spaces and retail properties already built and also being constructed. Some of the noteworthy projects in Powai that are upcoming are L&T Realty’s Emerald Isle, ShapoorjiPallonjiVicinia, Raj Grandeur, Srishti Harmony B-wing at Saki Vihar road and many more. Some of the best landmark residential projects in Powai definitely belong to Hiranandani Constructions like Hiranandani Zen, Castle Rock, Lake Homes by Ekta World that has Lake Riviera and Lucerne. Solitaire by the Wadhwa Group is also a very prominent building in the Powai real estate landscape.
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