Reasons to make a real estate investment in Powai
Today, Powai is surely one of the residential hotspots in the suburbs of Mumbai. Originally a central village, the suburb has since then grown prolifically to be an uptown residential and commercial hub. The natural beauty and unprecedented commercial growth have contributed to shaping this beautiful suburb.
From hospitals to schools and colleges, luxury hotels and casual eateries, restaurants, recreational spaces, Powai has it all. How can one forget the iconic Powai lake and The Institute of Technology(Bombay) for which the suburb is well-known!
It has attracted the eyes of all, including young entrepreneurs, retailers and real estate developers. A few years ago, Powai was considered to be a retirement destination for families but factors like the ever-increasing population and development have transformed it into a modern residential hub.
Here are four reasons that make Powai, a location suitable for real estate investments.
Those which connect this suburb to the rest of the city are The Western Express Highway, The Eastern Express Highway, LBS Marg and Jogeshwari Link Road. The Eastern Express highway easily connects Powai to the western and southern parts of Mumbai. The Jogeshwari-Vikhroli Link road that passes through Powai provides access to the western suburbs of Mumbai. Nearby locations include Kanjurmarg, Vikhroli, Andheri, Chandivali, Gandhinagar and BKC. The buses are a main mode of transportation in the locality. The nearest railway station is Kanjurmarg and the nearest metro station is Saki Naka on Line 1.
The commercial growth of Powai can be attributed to the establishment of some of the leading companies like L&T, TCS, FIS, JP Morgan, Sanofi, Prudential PLC, Deloitte, CRISIL, Bayer and many more. Apart from the established, IIT Bombay has played an important role in boosting the start-up culture, now present in Powai. Some of the leading start-ups in Powai include Bewakoof, Taskbob, Bizongo, TinyOwl, CredR, Toppr and more. All of this leading to ample employment opportunities has also increased the demand for property in Powai.
Powai is home to many reputed schools and colleges namely The Indian Institute of Technology(Bombay), Gopal Sharma Group of Schools, Athena School of Management, Hiranandani Foundation School and more. With top-class hospitals and medicare, Powai provides the best when it comes to essential services. Supermarkets and gourmet stores provide everyday groceries and household stuff.
Powai has become a go-to spot for spending an evening with friends or family. From parks and the Powailake that relax and provide a serene view to recreational spots for the youth, Powai doesn’t disappoint when it comes to recreation. The stores and malls offer a great variety, whether it be clothes, shoes or accessories.
Kanakia Future City, the Powai project of Kanakia Group is a pivotal development of culture, technology and environment. A residential project, providing premium, luxury flats, is spread across approx 8 acres of the most sought after residential location in Mumbai.