subject: Residential Property In Powai [print this page] The area has been known as a thriving commercial hub for years now and this is one of the top reasons for the ever growing demand for residential property in Powai. Residential and commercial properties in the vicinity are selling like hot cakes; and while there may be quite a few reasons for this alteration, the main explanation is that a large number of new housing and office developments have mushroomed in the area. These are built by some of the leading developers and builders of the city, and have been designed to cater to all segments of the investment market. If you take a drive around Powai today, you will come across exclusive apartment buildings, mid range housing societies, and even extremely affordable developments, giving you plenty of choice.
In a city like Mumbai, buying a decent house that is luxurious and comfortable is a challenging task. Most Mumbaikars on an average buy one or at the most two houses in their entire lifetime. This comes as no surprise if you consider the rate of increase in real estate prices throughout the city. Most areas within the city limits are too expensive for the common man. Only higher segments of society can afford flats in the lavish and contemporarily designed buildings. Seeing this, you may note that most of the upcoming residential projects in areas like Worli, Andheri, BKC, Bandra, Khar, Breach Candy etc., are targeted at the higher segments of investors that can afford premium prices. Having said this, many professionals are now prioritizing work location rather than pride of premium address and buying properties near commercial hubs or offices.
Seeing that Powai houses many offices, corporate buildings and IT centers, many professionals are seeking affordable accommodation in the area. It is a fact that connectivity from Powai to some parts of the city can be improved, but the Jogeshwari Vikroli Link Road that joins the western and central suburbs has made things a lot easier for commuters. Another factor worth noting about the locality is the developing civil and social infrastructure, which has given a much needed push to the real estate appreciation.
Living here can be a dream once you have found the perfect residential property in Powai. The place is packed with great shopping options and restaurants, in addition to a number of super markets and provision stores, sports activities for kids, gymnasiums for adults, Powai Lake etc. Most of the upcoming complexes boast of all modern day amenities, beautiful building designs, flexible spaces and the like, that provide you with a pride of ownership, sense of comfortable living and peace of mind. Imagine taking your evening walks by the lovely Powai Lake instead of your mundane street with street-hawkers, bikers and cars; wouldnt that be perfect?
