Lake Bloom Powai, Mumbai

Powai Hill Cutting for Mega rehab Project Sparks Concerns

Hill cutting in Powai for a large 'Rehabilitation Scheme", which includes residential towers and a Global Capacity Centre (GCC), has raised concerns among residents. Environmental groups and residents have warned of heightened landslide and flooding risks.

A total of 1 residential transactions has been registered so far for Lake Bloom, amounting to ₹ 69 L till August 2026.

27 Underground Parking Facilities to Combat Mumbai's Parking Crisis

Mumbai is set to develop 27 underground parking facilities, one in each administrative ward, to alleviate the severe parking shortage. This project, backed by the BMC Budget 2026-27, will create parking beneath existing gardens and playgrounds, reducing roadside parking and traffic congestion.

Rent in Lake Bloom ranges from ₹ 50 K to ₹ 61 K with options available for 1 BHK.

During Q2'2026, average property prices for Lake Bloom moved from ₹ 26,100/sqft to ₹ 26,150/sqft, reflecting a 0.19% rise.

MMRDA Presents Surplus Budget with Significant Allocation for Infrastructure

MMRDA has presented a surplus budget of ₹48,072 crore, with 87% allocated to infrastructure projects, including roads, public transport, and urban development. A notable provision of ₹4,000 crore is earmarked for the development of Mumbai 3.0 New Town, aiming for planned urban expansion.

During Q1'2026, average property prices for Lake Bloom moved from ₹ 25,850/sqft to ₹ 26,100/sqft, reflecting a 0.97% rise.

During Q4'2025, average property prices for Lake Bloom moved from ₹ 24,300/sqft to ₹ 25,850/sqft, reflecting a 6.38% rise.