Powai is the new investment hotspot Buying Guide

A picturesque suburb dotted with lake, hills, and forests that is Powai for you. To simplify, if Bandra is the queen of the suburbs, then Powai surely must be the crown princess today.

To cater to the growing population, Powai today boasts of everything from luxury hospitals to luxury hotels, supermarkets to gourmet stores, fine-dining restaurants to casual eateries, lounge bars to juice bars and the biggest draw of them all- a top class ICSE school available within a finite radius.

Earlier it was considered to be a retirement destination for families whereas now it has drawn attention for its prowess as an IT cum startup hub. Hiranandani Builders have contributed hugely in developing this locality which now seems to be a city in itself. Iconic Powai Lake and an appealing skyline have settled down Powai to be one of the most premium residential & commercial hubs in Mumbai. It has grown into a modern township with state-of-the-art structures and commercial projects.

Here we bring you some reasons why Powai, as an investment opportunity, has an upper hand as compared to other neighbouring localities.

Classic and Modern blend :

The architecture of the buildings in Powai is influenced by the Greco-Roman style. This area is a perfect example of neo-classical architectural excellence also it’s a perfect mixture of modernity, luxury and variety.

Increased Employment opportunities:

Powai has become a startup hub with several young entrepreneurs and companies starting their journeys from here. Some of the leading startups here include Holachef, Grocshop, Purple Squirrel Eduventures, Toppr , Bewakoof , Taskbob, Bizongo, TinyOwl, CredR and many more. Needless to say, IIT-B has played an important part in building this startup culture in the neighbourhood of Powai. The locality is home to several premium hotels like The Chedi Mumbai, multi-brand retail stores, supermarkets and offices of leading companies like TCS, FIS, Amazon, L&T Realty, JP Morgan, Sanofi, Prudential PLC, Nomura, Credit Suisse, Jardine Lloyd Thompson, Deloitte, CRISIL, Bayer and many others. All these help create ample employment opportunity in the locality, which is one of the major reasons why people are considering investing in in a house or at least renting one out in the same vicinity where they work. Which also means, this locality is a great source of rental income.

Connectivity:

Powai is well-connected to all parts of the city via The Western Express Highway, Eastern Express Highway, LBS Marg and Jogeshwari- Vikhroli Link Road. Powai has always been preferred by early investors for its proximity to Kanjurmarg, Vikhroli, Andheri, Chandivali, Gandhi Nagar and Chandan Nagar. The Eastern Express Highway offers easy access to West and South Mumbai and the proximity to the BKC (Bandra-Kurla Complex) business hub is a major advantage. Buses form the main source of local transport in the locality. The Jogeshwari–Vikhroli Link Road passes through the heart of Powai. The nearest railway stations are Kanjurmarg railway station and Vikhroli station on the Central line. The nearest Metro station is Saki Naka on Line 1.

Why invest in Powai?

Today, the ubiquity of amenities such as shopping malls, hospitals, schools and educational institutions like the IIT and NITIE, entertainment hubs, banks and other financial institutions have all contributed to Powai becoming an ideal residential destination. If we talk about whereabouts, the strategic location is what has drawn major investors in this area. Powai offers immense potential for future appreciation on account of its skyrocketing commercial growth. The area’s predominance as a startup and technology hub and the scenic view from Powai Lake have been drawing professionals and families in large numbers over the years.

Some project options to invest in Powai are…

Shapoorji Pallonji Vicinia

L&T Emerald Isle