Powai – A Market That Continues To Grow

The real estate sector at Powai and around until Chandivali, is well developed and growing even further. Since the last two months I started to study Mumbai’s property sector, I’ve been amazed by the sheer scale of developments in this area. It is so difficult to believe that Powai as a property market didn’t feature on a Mumbaikar’s radar some 15 years back. However, this region has ever since transformed itself into a luxury market. Previously, we spoke about the developments of ongoing and upcoming projects in blogs which you can find here.

We discussed about how Powai developed over the last two decades, thanks to the start-up entrepreneurial activity that has surged in this area and in turn, has created a bigger spillover demand in the surrounding areas for the real estate market. We also talked about necessary infrastructure that eventually led to several corporate offices setting up their bases here, and a thriving residential market that reflects the white collar working class of India’s financial capital. Hiranandani’s planned township is perhaps one of the biggest reasons for emergence of Powai as a startup hub and business-center, almost as if establishing a business hub away from town-side and creating a new breed of work culture in the suburban Mumbai. As a matter of fact, it’s fairly established as a perk, that if you work in Powai, you’re bound to live in Powai, and henceforth, you need not step out of Powai. This region has become self-sufficient in terms of social and public infrastructure among everything else needed for an established urban locality.

We delved a bit further into the Powai residential market. We went across to a few upcoming property sites, ones you can find listed on propstory.com for discussions. We have also put up a synopsis of our site visits, along with recent photographs from these residential projects. We have spoken to respective sales or marketing staff present at these site offices, and wherever we didn’t get to interact, we got in touch with the companies to fetch information that you might need.

Here’s a chart below that is basically a compilation of price per square feet, configuration and total number of apartments to be constructed for each of these properties at Powai and Chandivali –

Powai Area Report for upcoming projects
Powai Area Report for upcoming projects

The prices and number of apartments is prone to error as these are based on interviews and online research.

1. L&T Emerald Isle

Emerald Isle is an under construction by L&T Realty and is located at Powai, off the main road, and very close to Powai Lake on the opposite side. It comprises of 8 towers and offers 2, 3, 3.5, and 4 BHK apartments with added amenities within an area of 16 acres.

For more info, and site images, click here

2. Raj Grandeur

Raj Grandeur is an upcoming project by Rajesh Lifespaces which is located behind Hiranandani Hospital. It comprises of 3 & 4 BHK apartments among other amenities and consists of two towers with more than 160 units in place. We were told that close to 60% apartments are already sold.

For more info, and site images, click here

3. GHP Trinity

GHP Trinity is an upcoming project by GHP Group in collaboration with Rajesh Lifespaces. It is located close to Hiranandani Hospital, right next to Raj Grandeur and Supreme Aishwarya CHS. It comprises of 180+ apartments, while its latest offering is of 3 BHK apartments with most having sold out.

For more info, and site images, click here

4. Supreme Aishwarya CHS

Supreme Aishwarya CHS, by Supreme Infrastructure Ltd, is an under construction residential complex located near Hiranandani Hospital. It has 21 apartments of 2-BHK configuration.

For more info, and site images, click here 

5. Supreme Anamika

Supreme Anamika is an upcoming project by Supreme Infrastructure India Ltd. The project is located in the IIT Bombay market and easily accessible from JVLR. The project consists of  1 and 3.5 BHK apartments.

For more info, and site images, click here

6. Jaycee Serenity

Jaycee Serenity is an upcoming project by Jaycee Group. It is located in the vicinity of GHP Trinity, Supreme Aishwarya and Raj Grandeur and is an upcoming project comprising of 1 and 2 BHK apartments.

For more info, and site images, click here

7. Shapoorji Pallonji Vicinia

Shapoorji Pallonji Vicinia is an upcoming project by Shapoorji Pallonji and Co. Pvt. Ltd. It is located in Chandivali, close to Lake Homes entrance, through the backroad leading to Nahar’s Amrit Shakti, and is spread across 5 acres of land. It is offering 2, 3, and 3.5 BHK apartments and has many other added amenities.

For more info, and site images, click here

8. Pashmina Lotus

Pashmina Lotus is an upcoming project by Pashmina Developers at Powai, close to Panch Srishti complex. It is offering 4 BHK apartments and will be having 4 towers of 21 floors each.

For more info and site images, click here

9. Nahar Cayenne

Nahar Cayenne is an upcoming project by Nahar Group at Nahar’s Amrit Shakti, a township at Chandivali. It consists of 1 and 2 BHK apartments and has 14 floors with additional floors for commercial shops.

For more info and site images, click here

10. Nahar Bryony and Burberry

Nahar Bryony and Burberry consists of 2 apartments on each floor and comprises of 3 BHK apartments in two towers which are about 18 and 20 storeys, respectively. It is located within the township of Nahar’s Amrit Shakti in Chandivali.

For more info, and site images, click here

11. Nahar White Lily and Water Lily

Nahar White Lily and Water Lily are two upcoming towers coming up at Nahar’s Amrit Shakti and will have about 16-17 floors each. They’re located next to D Mart at Nahar’s Amrit Shakti and comprises of 2 BHK apartments.

For more info, and site images, click here

Projects Visited by Us In City

The information has been curated from various sources and may not be verified as per RERA guidelines *
If you require more information, please write back to ashish.mahajan@propstory.com or call on : +91-9167510950
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