Why Powai is Mumbai’s next big housing hotspot

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Powai, in Central Mumbai suburbs, has always drawn attention for its prowess as an IT cum startup hub. Powai has always been preferred by early investors for its proximity to major areas like Kurla, Ghatkopar, Chembur and Mulund through the Eastern Express Highway and LBS Marg. Hiranandani Builders has contributed hugely in developing this entire locality. Powai is famous for its iconic Powai Lake and its fast-changing skyline with more and more skyscrapers coming up at a frenetic pace. Powai is one of the most premium residential cum commercial zones in Mumbai and the Hiranandani Gardens township has definitely sparked a housing boom here with many other real estate developers coming up with big-ticket housing projects in the locality including LnT Emerald Isle Phase II.

The locality is home to several premium hotels like The Chedi Mumbai, multi-brand retail stores, supermarkets and offices of leading companies like TCS, FIS, Amazon, L&T Realty, JP Morgan, Sanofi, Prudential PLC, Nomura, Credit Suisse, Jardine Lloyd Thompson, Deloitte, CRISIL, Bayer and many others. Larsen & Toubro has a manufacturing unit here and the IIT-Bombay (Indian Institute of Technology) is also located here. The National Institute of Industrial Engineering is also located in Powai along with the Bombay Scottish School and residential complexes for the NTPC, Income Tax Department and Customs.

Powai is steadily becoming a startup hub with several young entrepreneurs and companies starting their journeys from this neighbourhood. Some of the leading startups here include Housing, JustRide, HolaChef, Logic Roots, Bewakoof, TinyOwl, CredR, Flyrobe, Care24, Belita and many others. Powai has several nightlife options and a cosmopolitan ambience overall. The Eastern Express Highway offers easy access to West and South Mumbai and the proximity to the BKC (Bandra-Kurla Complex) business hub is a major plus point. There are several shopping complexes nearby including the D-Mart Mall, Galleria by Hiranandani and the R City Mall. The Hiranandani Foundation School and Kendriya Vidyalaya are also present here. Powai is also home to leading healthcare organizations like Ramani Hospital, Ageless Medica and the Care & Cure Maternity Centre.

The steady growth of social infrastructure and the strategic location make Powai one of the biggest residential hotspots in Mumbai at present. The area’s predominance as a startup and technology hub and the beautiful Powai Lake have been drawing professionals and families in large numbers over the years. Powai offers immense potential for future appreciation on account of its skyrocketing commercial growth.