Powai is a well-developed the locality of Mumbai, which is next to the LBS Marg- the old Mumbai-Agra Road in the north-east, the beautiful Sanjay Gandhi National Park in the North, and the hills of Vikhroli Park site in the south-east. The area has a beautiful landscape and seen a lot of infrastructure development over the last few years. This has led to an increase in demand for Property in Powai.
Social and Civic Amenities
The area has become the hub of a number of leading companies in India including Deloitte, Cyril, Bayer and Larsen and Toubro. The Indian Institute of Technology (IIT) is located in Powai. A number of other educational institutions are also in the area including the Chandrabhan Sharma Junior College, Gopal Sharma Memorial School, Pawar Public School, and others.
A number of renowned builders like Shapoorji Pallonji have launched projects in Powai to meet the increasing demand for consumers.
A number of leading hospitals are in the area including Ramani Health Care Center, Dr. LH Hiranandani Hospital, Wellness Forever, Care & Cure Maternity & Nursing Home and Ageless Medical. Apart from this, the area has a number of banks and ATMs, eateries, restaurants, shopping malls, and five-star hotels to cater to the needs of modern homebuyers. Some of the popular shopping centers in the area are Galleria, D-Mart, and R-City Mall. This has led to an increase in demand for residential apartments in Powai.
Homebuyers and investors can purchase flats in Powai at an affordable price. While the property prices in Mumbai have shot up and come unaffordable, the apartment cost in Powai is still within reach.
The area is well connected to other parts of Mumbai via the Jogeshwari-Vikhroli Link Road (JVLR). The Kanjurmarg railway station and the Chhatrapati Shivaji International The airport is also located close to the locality which makes commuting a breeze for homebuyers to the rest of the country. The suburb like close to localities of Chembur, Mulund, Ghatkopar, and Kurla, which have become huge commercial and business hubs and provide employment opportunities for home buyers.
The plethora of social and civic infrastructure makes Powai one of the best options for investment in property in Mumbai. The area is witnessing a rapid expansion and infrastructural development which will soon lead to an increase in prices. It is advisable to invest in property in Powai now and earn excellent returns on your investment.