Powai—a humble suburb turned into a prominent lifestyle and start-up hub is one of the hottest investment destinations in Mumbai right now. While Powai was taking the shape of this dream urban hub, it caught the eyes of real estate developers and young entrepreneurs alike. Thus, becoming a most sought-after residential cum commercial hub in Mumbai, with the neighbourhood still growing more convenient and beautiful by the day.
Despite the onset of a huge real estate boom, the suburb remains rich in scenic beauty. The Powai Lake and the suburb’s greenery still captivate the hearts of those who aspire to live there.
As Powai continues to fascinate investors & home buyers, here’s why it should be your next real estate investment destination too.
Investors prefer Powai due to its efficient connectivity to prime locations like Kurla, Ghatkopar, Chembur and Mulund through the Eastern Express Highway and LBS Marg. It has easy access to the Jogeshwari-Vikhroli Link Road and Kanjurmarg railway station, facilitating superb connectivity to prime locations in Mumbai. And Powai’s proximity to BKC makes it an even more appealing investment destination. At present, Sakinaka is the nearest metro station, but that’s soon to be remedied as Powai is set to have its own Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg metro line. So, in terms of convenience of connectivity, properties in Powai don’t lack any checkpoints.
Booming Business Hub
Due to its rapid commercial growth, leading companies like TCS, Amazon, FIS, L&T Realty, JP Morgan, Prudential PLC, Deloitte, CRISIL and others have set up offices in Powai. Also, Powai’s proximity to the esteemed IIT Bombay gave a huge boost to the start-up culture here. With notable start-ups like CredR, Bewakoof, Holachef, Toppr, etc., employment opportunities have skyrocketed in the locality, in turn skyrocketing real estate demands. And this catalysed investors to buy a residential property in Powai, promising great returns and rental prospects.
Excellent Social Infrastructure
Reputed educational and healthcare institutions are located close to residential properties in Powai. Prominent educational institutions include Gopal Sharma Memorial School, Hiranandani Foundation School, Athena School of Management, IIT Bombay, etc. Hospitals like Godrej Memorial Hospital, Dr L H Hiranandani Hospital offer top-notch medicare. And for domestic shopping, one can easily find a well-placed supermarket or gourmet store in the locality.
Recreation & Entertainment
Like we said before, despite the boom in commercialization, Powai never fails to stimulate your senses with open green areas and a breath of fresh air. Powai Lake and the green parks offer such an immersive view that a visit there will give you an escape from the city’s hustle and bustle. For entertainment, you can visit the emerging nightlife and cultural events or one of the many shopping malls like R-City mall, D-Mart or Galleria.
Codename SARA Powai, a 33-storey project, is one of the tallest in the vicinity. It offers exclusive 2 BHK residences with 10+ state-of-the-art custom-designed amenities and is a neighbour to mother nature herself. Codename SARA Powai, like any other Mayfair Housing project, is about providing homes that are Safe-Appreciating-Reliable-Assets.