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Flats Under 1 Crore for sale in Vihar Lake Rd Powai, Powai, Mumbai
100% Verified Real Estate Properties Mumbai. Find New Real Estate Projects & Best Selling Properties in Vihar Lake Rd Powai, Powai, Mumbai. 0 Verified Flats/Apartments/Villas Only At HomeBazaar.Com.
About Properties In Vihar Lake Rd, Powai, Mumbai for Sale
Overview of Powai
- Powai is one of the luxurious localities in Mumbai.
- It is situated on the banks of the iconic 120-year-old Powai Lake.
- Powai is famous for prominent landmarks like the iconic Powai Lake, the posh residential Harinandani Complex, and the prestigious IIT Bombay. This locality also attracts people for its vibrant environment, seamless connectivity, and significant commercial hubs. Hence, Powai is popular for offering a highly convenient living experience.
- It is a well-developed residential suburb with high-end residential properties.
- Powai is a popular choice for Real Estate Investment due to its strategic location, modern amenities, excellent connectivity, & premium property value.
- The locality is in proximity to various prominent IT and Commercial Centers.
- The presence of the prestigious IIT Bombay enhances the locality’s value.
- It offers serene scenic views and several recreational opportunities.
- The Pin Code for Powai is 400076.
Powai Residential Market Insights
- The average price of flats in Powai Mumbai can be around ₹ 37,100 per sq.ft.
- The average cost of 1 BHK in Powai can range between ₹ 86 lakh - ₹ 2 crore.
- The average price for 2 BHK Flat in Powai can range between ₹ 1.9 crore - ₹ 3.05 crore.
- The average 3 BHK cost in Powai can range between ₹ 3.30 crore - ₹ 6 crore
- 4 BHK Flat in Powai can be priced anywhere between ₹ 6 crore - ₹ 11.5 crore.
- Highly premium 5 BHK Flats in Powai can be priced from ₹ 9.70 crore to anywhere above ₹ 20 crore in a posh location.
- However, the cost of 1 BHK in the prominent residence of Hiranandani Gardens in Powai can be around ₹ 1.45 crore to ₹ 2.10 crore. Whereas, the cost of 2 BHK in Hiranandani Powai can range from ₹ 2.80 crore to ₹ 4.05 crore. The cost for bigger BHKs will go higher than above 4 crore and more beyond, highly depending on the total carpet area, number of BHKs, and the specific building.
- Due to its excellent proximity to major work hubs and seamless connectivity, Powai is one of the best rental locations.
- The average monthly rental value for a property in Powai is ₹ 50,500 - ₹ 5,04,000.
- The demand for housing properties in Powai is always high, leading to a thriving Real Estate Market.
- From the point of view of a homebuyer, Powai is a good place to live because it offers everything easily that a person requires to live comfortably. From stunning residential apartments and easy transportation options to a green living environment, Powai ticks all the right boxes.
Connectivity and Transportation In Powai
- The nearest railway station is Kanjurmarg Railway Station, which is just 4 km away.
- Another railway station near this locality is Vikhroli Railway Station.
- The Saki Naka Metro Station on the Blue Line is only 3 km away.
- Powai is surrounded by key neighbourhoods like Vikhroli, Kanjurmarg, Andheri, Chandivali, Bandra Kurla Complex, and Gandhinagar.
- It is located near major arterial roads like Eastern Express Highway and Western Express Highway, facilitating a smooth commute to major parts of Mumbai.
- Other major roadways like Bahadur Shastri Marg, Jogeshwari - Vikhroli Link Road, & Powai Flyover enhance the accessibility of Powai.
- Public Transportation options like Auto, Buses, & Cabs are frequently available.
- Hiranandani Powai Bus Depot and Vikhroli Bus Depot offer reliable bus services.
- The Chhatrapati Shivaji Maharaj International Airport is only 12 km away.
Social Infrastructure In Powai
- Esteemed Schools in Powai include Poddar International School, Hiranandani Foundation School, Bombay Scottish School, Gopal Sharma Memorial School, etc.
- Reputed Medical Facilities in Powai include Dr L. H. Hiranandani Hospital, IIT Bombay Hospital, Healthspring Hospital, Seven Hills Hospital, Holy Spirit Hospital, etc.
- The Galleria Shopping Mall, Powai Plaza, and R City Mall, etc., located within 15 minutes, serve the shopping needs of the residents in Powai.
- The locality has good road infrastructure that offers smooth and quick travel for daily commuters.
- Powai Garden, a beautiful, peaceful retreat space popular among locals, offers well-maintained lawns, flower beds, & play area for children.
Employment Opportunities In Powai
- Powai is known as a Business Hub, comprising many Business Parks & Companies.
- Prominent Office Complexes like Hiranandani Business Park and Hiranandani Kensington SEZ are located here.
- Other major Business Parks in Powai like L&T Business Park, Supreme Business Park, and Vatika Business Centre house various Financial Institutions, IT Services, & other businesses.
- Powai also houses several standalone commercial buildings that comprise major companies such as Schindler India Pvt Ltd., TCS, Nomura, & Deloitte, making it an ideal locality for working professionals.
- Key commercial hubs like Andheri and Goregaon are reachable within 10 km.
- Powai’s excellent and seamless connectivity significantly boosts the employment opportunities for the locals.
Lifestyle In Powai
- Powai is an expensive location that offers a luxury lifestyle. It offers modern facilities, high-end infrastructure, and lavish apartments that make it expensive but highly desirable to both homebuyers and investors. However, the cost of living in Powai will entirely depend on an individual's day-to-day preferences and choices.
- Powai offers ultra luxurious lifestyle with a perfect blend of peaceful nature and easy access to modern amenities & facilities.
- Mahajan Forest Park, Ambrosia Garden BMC, Dr. Baba Saheb Ambedkar Park, Lake Homes Garden, Powai Udyaan, Pandit Deendayal Upadhyay Park, etc., are some of the many gardens in Powai that allows residents to unwind, refresh, or enjoy a stroll.
- The famous Powai Lake offers a picturesque landscape to the locals, where they can enjoy boat rides or simply relax near the tranquil shores.
- The Powai Art District is known to offer space for artistic and creative masterpieces like Street Art, Murals, and Sculptures.
- Presence of a diverse range of recreational facilities, fine dining establishments, retail stores, and entertainment facilities enhances the way of living here.
- Emma Sports Academy, Racquet Club, Secular Sport Club Foundation, Forest Club, Ave Maria Sports Academy, etc., offer sports & fitness in the locality.
- Powai is a posh area in Mumbai, which stands out because of its beautifully laid off locality plan comprising luxury residences, modern facilities, and green spaces. It allows a resident to be immersed in an exceptional lavish living experience.
Safety and Security In Powai
- Powai is an upscale location and is considered one of the safest localities in Mumbai.
- The majority of high-end residential areas are monitored under surveillance to ensure the security of the residents.
- The majority of public spaces are under CCTV surveillance as well, ensuring security.
- Police patrolling is conducted frequently in the locality, especially at night.
Development and Future Prospects In Powai
- Powai is set to experience some significant upcoming developments.
- The planned construction of two Metro Stations on the upcoming Metro Line 6 will enhance connectivity in the locality.
- The upcoming Goregaon - Mulund Link Road will offer an easy commute.
- The Jogeshwari - Vikhroli Link Road (JVLR) is planned to be widened to reduce the traffic congestion.
- The increasing need for parking facilities will be addressed by providing bigger parking spaces in the locality.
- Redevelopment of Vikhroli Railway Station will benefit the locals of Powai as well.
- Several upcoming Residential Projects will cater to the modern needs of luxurious living spaces, contemporary amenities, and enhanced comforts, making Powai an ideal choice for homebuyers.
Cultural and Community In Powai
- Powai has several Religious Places such as Shree Ayyappa Vishnu Temple, Padmavati Devi Temple, Shree Shantinath Jain Temple, Ganesh Temple, etc.
- The historic Jogeshwari Caves, a popular destination, are located near the locality.
- A popular area, the Powai Art District, is known as a space for the artist community that is a platform to showcase art and various cultural events.
- Cultural Centers such as Nita Mukesh Ambani Cultural Centre, Bhavans Cultural Centre, Mukti Cultural Hub, etc., are approximately 10 km away.
Environmental Factors In Powai
- Nestled in nature’s lap, Powai itself is a place full of green spaces and well-maintained parks, allowing a pleasant & peaceful environment.
- Expect the widely known Powai Garden and Heritage Garden in Powai, there are many other Gardens & Parks in Powai, adding to the green belt of the locality.
- Powai Valley Viewpoint, one of the most popular spots, offers breathtaking views of the locality, adding charm and allure.
- The presence of lakes and surrounding greenery, the locality provides a desirable environment for the residents.
Flat Configuration In Powai
- Powai offers Flat Configurations of 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK.
- The locality primarily has many 2 BHK and 3 BHK Flats at premium prices.
- 2 BHK is the most preferred Flat Configuration by the homebuyers in Parel.
- The locality also has Farmhouses, Villas, Independent Houses, and Plots available for purchase.
- Some offer bare shell units are also available for easy customization & design flexibility.
Property Price Growth In Powai
- The housing properties in Powai have experienced 7.2% YOY price growth & 20.1% price appreciation in the last 3 years.
- Growing demand for housing properties and the incorporation of modern amenities will lead to an increase in value for properties here.
- Excellent connectivity and proximity to prominent employment hubs lead to a constant increase in the rental value of the locality.