Powai is a suburban neighbourhood situated on the bank of Powai Lake. Located in the North-East part of Mumbai, it is bounded by L.B.S. Marg (old Mumbai-Agra road) to the North-East, Sanjay Gandhi National Park to the North, hills of Vikhroli Parksite to the South-East and Chandivali to the South-West. Several corporate giants like Deloitte, CRISIL and Bayer have set up offices in the area. One of India’s oldest multinational conglomerates, Larsen and Toubro also has its manufacturing plant in Powai. Prestigious institutes like the National Institute of Industrial Engineering and Indian Institute of Technology are also located in the area. Powai Lake, 120-year old lake is the best known landmark of this locality.
Powai is well-connected to different parts of Mumbai through excellent road connectivity and bus services. The Jogeshwari-Vikhroli Link Road which links the western and eastern suburbs of Mumbai also passes through Powai. The Mumbai International Airport is located at a driving distance of about 5 kilometres and the city centre in South Mumbai is about 25 kilometres. The nearest railway station on the central main line of Mumbai Suburban Railway is the Kanjurmarg railway station. Kanjurmarg and Vikhroli railway station are situated about 3.5 kilometres from Powai. Eastern Expressway and LB Road connects Powai with other major localities of Chembur, Mulund, Ghatkopar and Kurla, among others.
Schools and Hospitals
Powai is home to numerous schools and colleges including Tender Hearts - Playgroup & Nursery, Gopal Sharma Memorial School, Chandrabhan Shrama Junior College and Pawar Public School. Ramani Health Care Center, Wellness Forever, Care & Cure Maternity & Nursing Home and Ageless Medica are some of the well-equipped hospitals in the area. Prominent shopping malls like D-Mart Mall, Galleria and R-City Mall are also located within close proximity of Powai.
Real Estate in Powai
Powai is becoming a sought-after residential destination. Good connectivity is one of the major reasons why demand for property in Powai is increasing rapidly. The area is close to the eastern and western expressways and Jogeshwari-Vikroli link road. Nahar Builders, Rajesh Builders, Ekta Group, Shrisyhi Group and Hiranandani are some of the prominent builders in the locality. GHP Group Trinity, Hiranandani Gardens, L and T Emerald Isle, K Raheja Corp Vistas and Ekta Group Lake Primrose are some of the well-known residential properties in Powai. Average price of an apartment in Powai is Rs 15,448 sq. ft. with unit sizes ranging from 1,198 sq. ft. to 3.060 sq. ft. About 17 projects are currently under construction and 7 are expected to get possession in 2014.