Powai being located in the north-east neighbour hood of Mumbai is said to be one of the most influential localities in the city. The suburb of Powai has seen a staggering growth of residential projects and complexes which has changed the horizon of the city completely. Festivals like Ganesh Chaturthi are big hype in this part of the city with a multitude of people flocking the streets to pay their respects to Lord Ganesha.
Over the years, Powai has evolved to be a residential and commercial hub. Buzzing with a number of gated communities, luxury residential complexes, and happening shopping malls, Powai is the place to be in Mumbai. Be it the upmarket residential locales, or the happening nightlife, Powai is considered to be the face of modern-day Mumbai.
The Indian Institute of Technology, Mumbai or IIT- Bombay was built in Mumbai in the year 1958. Since the advent of this prestigious college Powai has seen a surging growth in all sectors of the society especially the real estate sector. Powai is an important landmark due to its great connectivity to both the Eastern as well as the Western Express Highway and also its proximity to the airport. There are a large number of commercial projects that are happening in the heart of Powai. With over 150+ offices in Mumbai and multinationals moving in, Powai definitely has a very promising future.
Thousands of job opportunities opened up due to set up of major corporate like Bayern, Deloitte, CRISIL, Nomura and Larsen & Toubro which have led a lot of people to flock to this suburb for a job. The setup of these offices has also led to an exponential increase in residential as well commercial spaces in this locality resulting in the growth of this region.
When you buy a flat in Powai you feel like you are in heaven with its large and spacious rooms which also come with modern amenities such as increased parking space for visitors, indoor gymnasium, swimming pool and recreational centre for kids. The enormous skyscrapers in Powai have Roman architecture to it which gives the building a classical look. These buildings also give you a very scenic view of the night life of Mumbai city.
The demand for property in Powai has been tremendous. This can be attributed to the well-connected road network, fast-paced urban life, and desirable social infrastructure. The road network in Powai is absolutely excellent with its BEST- run AC and Non-AC bus services. The Jogeshwari-Vikhroli Link Road, which passes through Powai is a bridge between the Eastern and Western Expressway. This helps the residents of Powai travel to any part of Mumbai and beyond with ease.
Powai is all set to see a new landmark in the form of an upcoming bird park. Powai was selected because it was one of the few localities still in tune with nature. Once completed, this 24-acre bird park will be a major landmark in Powai, infusing life in the tourism industry and encouraging further commercial development.