Mumbai Property Exchange

Tagged:ExpatCorporate
Projects avaiable:3
Flats on Rent avaiable:3
Offices on Rent avaiable:3
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About powai

Powai is about 38 km south of Mumbai city. The geographical location of Powai is its major advantage. All the commercial areas such as Andheri, Bandra-Kurla Complex, Maharashtra Industrial Development Corporation complex, New Mumbai and Santa Cruz Electronic and Export Promotion Zone (SEEPZ) are very close to Powai. It also has the famous Indian Institute of Technology. Powai is ideal for both residential as well as commercial purposes.

Many reputed builders are developing residential and commercial complexes with excellent amenities and facilities. Hiranandani and K.Raheja are providing not only state-of-the-art amenities, but also at affordable rates. Several MNCs, e.g. Colgate, Bayer, and FedEx, with a few other well-known software companies have moved in. A few companies have also shifted their offices from Nariman Point to Powai. Recently, it has seen concentration of BPO centres here like Zenta, Wipro-Spectramind, Lehman Bros, Prudential etc to name a few which have a new dimension of commercial mix.

Powai, like other growing suburbs, is seeing the arrival of multiplexes. .Huma Adlabs in vicinity is already functional. Hiranandani Construction is coming up with a multiplex, which will include commercial offices, a family entertainment center, a shopping complex, restaurants, banks, etc. Transportation facility is improving at Powai. Flyovers opened at Gandhinagar and on L&T are going to ease out traffic congestion once the JVLR project gets completed, hopefully by Feb 2007. This will definitely, be a plus point to attract more buyers in the residential sector. It is estimated by real estate pundits that property will appreciate by 15 to 20% on competition of this East to West corridor.

It has a good infra-structure of schools like Hiranandani Foundation School, SM Shetty School, Gopal Sharma Memorial school, Bombay Scottish School and Kendriya Vidyalaya, IIT. Recently two junior college have been added to Shetty and Gopal Sharma. Thr one year old Hiranandani Hospital has fulfilled the need for a sophisticated in vicinity. The malls at Haiko, D’ Mart and Ajahara are plentiful stores making it a self contained township.

Powai is located in Eastern Suburbs in Mumbai.

Property Rates in Powai

The property rates in Powai for buying a property either from the Primary Market / Pre - Launch / Soft Launch / Under Construction start from Rs.17000 per sq ft on Built Up Area and they can go as high as Rs.25000 PSF. The rates for the Resale Properties in Powai may be Higher or Lower totally depending upon the construction quality, year and amenities in the building in Powai

The 3 BHK premium apartments in Powai range from Rs.65000 to Rs.1.75 Lacs./- and the 4 BHK Exclusive properties in Powai on rent start from Rs.1.25 Lacs./- going upto Rs.4.5 Lacs./-