Powai is a dauntless modern suburb located in the North-East part of Mumbai. It is popularly known for its reverent 120-year-old lake and has grown exponentially in recent years. Today, it prides itself on being one of Mumbai’s most upmarket commercial and residential hubs.
Powai houses many commercial institutions, such as L&T Realty, Sanofi, Amazon, J P Morgan, FIS, TCS, Credit Suisse, Jardine Lloyd Thompson, JP Morgan,Nomura, CRISIL, Deloitte, and Bayer, among others. Thus there are many residential complexes, luxury hotels, malls and mega stores. The area itself is a vast amalgamation of diverse communities and cultures, making it one of the most cosmopolitan and contemporary localities in the city.
Powai’s nightlife is alive and vibrant, having been featured in many popular feature films. To add to its aesthetic value, the Hiranandani Gardens are the tallest residential buildings in suburban Mumbai. Powai also hosts thousands of devotees every year during the Ganesh Chaturthi festival for the visarjan processions, bringing the suburb to life during the festivities.
With the level of development in the suburb, the connectivity is undoubtedly efficient. BEST bus services offer smooth transportation to the people. The JVLR which links the western and eastern suburbs of Mumbai also passes through Powai. The nearest railway station Kanjurmarg and Vikhroli are situated about 3.5 km from Powai. The Mumbai International Airport is located at a driving distance of about 5 km. Eastern Expressway and LB Road connects Powai with other major localities of Chembur, Mulund, Ghatkopar and Kurla, among others.
Located east of the Powai lake is the prestigious Indian Institute of Technology. Founded in 1958, IIT Bombay is spread over a vast area of over 550 acres and is considered one of the best and most formidable technology and research institutions. Another incomparable institution in the area is NITIE, which is recognized as one of the 15 Centres of Excellence by the Government of India. Powai has numerous other schools and colleges like Kendriya Vidyalaya, Hiranandani Foundation School, S. M. Shetty High School and Junior College, Bombay Scottish School and so on, making it the ideal home for families and students alike. The average price value of Powai in March 2017 is Rs. 19,557 per square foot, which displays a 1% drop in the last three months.
Not only is Powai a lively and cohesive neighbourhood, it is also self-sufficient. IIT Bombay Hospital, Ramani Health Care Center, Dr L H Hiranandani Hospital, Wellness Forever, Care & Cure Maternity & Nursing Home and Powai Polyclinic & Hospital are some of the well-resourced hospitals in the area. One can find all the nationalized, cooperative and private banks and ATMs all around the area, elevating ease and comfort of lifestyle in the area. A quiescent and fulfilling location, it’s no surprise that Powai property rates have skyrocketed in recent years. Powai offers a balanced lifestyle and has all the prerequisites of a modern and convenient life.