Value of Powai Real Estate
Powai is located in the North East of the region and it is a part of Metro suburban District and now it considered to be the modern metropolis. Powai is a well aware location for everyone in Mumbai. Whenever we imagine Powai few good projects name of real estate come first.
From last one decade demand of property in Mumbai has been increased, there are multiple reason and requirements of the family or an individual for buying home. Powai is one of that kind of location which more suitable for a family which provide all the basic need around the living areas and provide good connectivity for service people and business people also.
Real estate market of Mumbai is always an expensive proposition. Owning home in Mumbai is a kind of dream for everyone, for those who is looking from the point of connectivity for buying property then Powai may be ideal for them.
Now we can say a new era going on in Real estate where buyers do not look for a home only there are multiple things people see before booking a flat as well as check internal and external amenities which developer provides.
In this area developers are developing 1BHK, 2BHK & 3BHK luxury apartments. Value of Powai Real Estate is based on several things like there are Residential, Commercial Hubs, Multinational companies and offices in and around Powai.
Some people consider Powai for the investment purpose also. As in this COVID period we all know the Rental has been affected but on the other side if we check data of purchasing property so it was on their all time high in the Mumbai.
The Institute of Technology Bombay (IIT Bombay) which was built in the Powai in 1958 and now the region become a talent hub spot of Engineering institutes. There are other major landmark point in the area like Powai Lake, L&T complex, Renaissance Hotel, convention Centre and NITIE.
The presences of vital corporates like Bayern, Deloitte, CRISIL, and Nomura have added the growth in the market of Real Estate. This has also created job opportunity in the region that making it walk to work destination.
Ease of Connectivity
Powai has an excellent road network and connecting to IT hubs in Andheri east, business hubs, Eastern & Western highways. If you we see now the near metro is Sakinaka from Powai. In next 2-3 years Powai will have it’s on own Lokhandwala- Jogeshwari- Vikhroli- Kanjurmarg metro line.
You can easily connect to West & South Mumbai side and the proximity to the BKC business hub is a major advantage. Jogeshwari -Vikhroli link road pass through the heart of Powai.
Recreation and Greenery
Powai is one side know for commercial, residential and for multinational companies hubs but on other side this it’s greenery open area give you pollution free air and eye catches mountain View, Nirvana Park, MCGM, HiraNandani Park and Powai lake which gives you a moment to stay in Powai.
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Right Choice for Investment
Powai has a great potential to appreciation as per the market, It can be a good for the investor, as we know connectivity of Powai is improving day by day and all different mode of transports are available and people who resides in Powai have positive response. These all factors always required for better valuation in real estate.
There are lots of upcoming infrastructure projects that is sign of the appreciation of the Powai.