Powai in Mumbai has steadily transformed into a major real estate destination over the years. Powai is one of the best real estate hubs for premium housing options and is also immensely nature friendly. Powai attracts homebuyers who seek natural greenery and serenity. Powai is located on the banks of a beautiful lake and the Vikhroli Parksite hills surround the area to its southeast. To its north-east, southwest and north are located Chandivali, L.B.S. Marg (old Mumbai-Agra Road) and the pristine Sanjay Gandhi National Park.
Powai is also located near areas like Mulund, Chembur, Kurla and Ghatkopar. Powai is also well connected to several portions of Andheri and Chandivali and this is another major draw for homebuyers. Powai is also a growing economic and commercial hub. Powai is home to several leading MNCs and organizations such as Bayer, Deloitte, Larsen & Toubro, CRISIL and many well-known start-ups as well. The business generated in Powai often exceeds that of major CBDs (Central Business Districts) in Mumbai.
Powai is also becoming a major start-up hub with several entrepreneurs choosing to set up base in this locality. There are major incubation cells established by IIT Bombay and other leading educational institutions. There are multiple tech start-ups in Powai and several self-employed professionals also prefer Powai.
Powai offers a cosmopolitan living ambience to residents and is one of the most diverse suburbs in Mumbai where several communities live together in harmony. Powai is well connected to several areas in Mumbai via the JVLR (Jogeshwari-Vikhroli Link Road) which links both the Western and Eastern suburbs in the city. There are new roads that have been planned by the Government for upgrading overall connectivity of the area. The Kanjurmarg railway station is located in close proximity to Powai while the Chhatrapati Shivaji International Airport is located approximately 5 kilometres away from the locality. Premium residential projects like L n T Emerald Isle Phase II are also coming up in Powai and social amenities are also being developed rapidly here.