68% Property price appreciation & Rs. 35,500 average per sq. ft flat price of Powai defines its potential to homebuyers & investors. To know the best properties for you to invest in Powai, check out our article on property rates in Powai.
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Overview: Powai
Powai is an upscale residential neighbourhood located in central Mumbai, Maharashtra, India. Nestled around the picturesque Powai Lake and surrounded by hills, Powai offers a serene and attractive living environment.
Powai’s real estate market has gained significant attention in recent years, with the Andheri-Powai belt emerging as a hotspot in Mumbai’s real estate.
This locality is known for its luxury apartments, villas, and gated communities, making it a favoured choice for affluent residents. It boasts a well-developed infrastructure, offering a blend of residential and commercial amenities.
Powai’s proximity to Powai Lake adds to its charm, providing residents with a beautiful natural setting in the midst of a bustling city.
The area is home to several corporate offices, educational institutions, and healthcare facilities, making it a self-sustained neighbourhood.
Additionally, Powai offers a variety of recreational opportunities, including Powai Garden and Hiranandani Gardens, enhancing the quality of life for its residents.
The real estate market in Powai has experienced steady growth, attracting both homebuyers and investors due to its prime location and modern amenities. With a mix of natural beauty and urban conveniences, Powai continues to be a desirable place to live and work in Mumbai.
Present Per Square Feet Rate In Powai
The latest per square feet rate in Powai is around Rs. 33,540.
Within the past few months, Powai was able to grow from Rs. 31,000 to Rs. 35,500 per sq. ft.
If you prefer affordable flat rates in Powai then have an opportunity to explore the prices of other sub-localities in Powai.
As sub-localities of Powai have a diversified range of per sq. ft prices which attracts homebuyers across the city & state.
Rs. 17,000 to Rs. 28,000 per sq. ft is the latest price range of apartments in the sub-localities of Powai.
Sub Locality Property Rates In Powai
Below are the nearby or sub-localities of Powai with its latest per sq. ft price. This is to help you choose the affordable option in Powai.
| Locality | Average Price Per Sq. Ft |
| Hiranandani Gardens | Rs. 28,700 |
| Chandivali | Rs. 18,650 |
| MHADA Colony 20 | Rs. 18,590 |
| IIT Area | Rs. 20,810 |
| Ramabai Ambedkar Nagar | Rs. 20,500 |
| Tirandaz | Rs. 17,700 |
| Panchkutir Ganesh Nagar | Rs. 29,250 |
YoY Appreciation Of Property Rates In Powai
In the last 1 year, Powai had a price appreciation of 7%.
And in the last 3 years, Powai was able to achieve 17% of property price appreciation.
The fascinating thing about Powai for every homebuyer is in the last 10 years, the locality has achieved a milestone of 68% property price appreciation.
After mid-2021, Powai took a high jump in the prices of property. From June 2021 to June 2023, Powai had a continuous growth in the per sq. ft prices of flats.
As the demand for residential spaces in Powai is now at its highest, the price appreciation is also expected to peak.
Latest 1 BHK Flat Rates In Powai
Reputed real estate developers in India have chosen Powai as their investment spot. And 1 BHK flat rate in Powai ranges around Rs. 95 lakhs to Rs. 1.52 Cr
The Top 7 homebuyers preferred 1 BHK flats in Powai with carpet area & prices are mentioned below.
- Kanakia The Master Collection
The Kanakia The Master Collection 1 BHK flat rates in Powai start from Rs. 1.52 Cr for 430 sq. ft.
- Hiranandani Regent Hill
The Hiranandani Regent Hill 1 BHK flat rates in Powai start from Rs. 1.49 Cr for 379 sq. ft.
- Hiranandani Sorrento
The Hiranandani Sorrento 1 BHK flat rates in Powai start from Rs. 1.48 Cr for 380 sq. ft.
- L&T Emerald Isle
The L&T Emerald Isle 1 BHK flat rates in Powai start from Rs. 1.18 Cr to Rs. 1.4 Cr for 360 sq. ft to 382 sq. ft.
- Nahar Amaryllis
The Nahar Amaryllis 1 BHK flat rates in Powai start from Rs. 1.09 Cr to Rs. 1.2 Cr for 366 sq. ft to 387 sq. ft.
- L&T Veridian
The L&T Veridian 1 BHK flat rates in Powai start from Rs. 1.09 Cr to Rs. 1.17 Cr for 361 sq. ft to 382 sq. ft.
- Sumer Life
The Sumer Life 1 BHK flat rates in Powai start from Rs. 95.55 lakhs for 455 sq. ft.
Latest 2 BHK Flat Rates In Powai
Rs. 1.05 Cr to Rs. 3.12 Cr is the price range of 2 BHK flats rates in Powai among the top 5 residential projects.
The 5 best 2 BHK flats in Powai with carpet area & prices are mentioned below.
- GHP Dream of Powai
The GHP Dream Of Powai 2 BHK flat rates in Powai start from Rs. 1.51 Cr to Rs. 2.02 Cr for 630 sq. ft to 926 sq. ft.
- Passcode Eye of Powai
The Passcode Eye Of Powai 2 BHK flat rates in Powai start from Rs. 1.05 Cr to Rs. 2.1 Cr for 458 sq. ft to 916 sq. ft.
- Kanakia Silicon Valley
The Kanakia Silicon Valley 2 BHK flat rates in Powai start from Rs. 2.29 Cr to Rs. 3.12 Cr for 666 sq. ft to 820 sq. ft.
- L&T Elixir Reserve
The L&T Elixir Reserve 2 BHK flat rates in Powai start from Rs. 2.35 Cr to Rs. 3 Cr for 658 sq. ft to 835 sq. ft.
- Highland Hiranandani Gardens
The Highland Hiranandani Gardens 2 BHK flat rates in Powai start from Rs. 2.41 Cr to Rs. 2.61 Cr for 566 sq. ft to 620 sq. ft
Latest 3 BHK Flat Rates In Powai
Rs. 3.25 Cr to Rs. 4.5 Cr is the price range of 3 BHK flat rates in Powai at reputed residences such as Hiranandani & Lodha Group.
The 2 best 3 BHK flats in Powai with carpet area & prices are listed below.
- Hiranandani Empress Hill
The Hiranandani Express Hill 3 BHK flat rates in Powai start from Rs. 4.5 Cr for 1100 sq. ft.
- Lodha Bellagio
The Lodha Bellagio 3 BHK flat rates in Powai start from Rs. 3.25 Cr to Rs. 4.54 Cr for 918 sq. ft to 1205 sq. ft.
FAQs
| Which are the best 1 BHK flats in Powai?
Kanakia The Master Collection, Hiranandani Regent Hill, L&T Emerald Isle, Nahar Amaryllis, L&T Veridian & Sumer Life have the best 1 BHK flats in Powai. |
| Which are the best 2 BHK flats in Powai?
GHP Dream of Powai, Passcode Eye of Powai, L&T Elixir Reserve, Highland Hiranandani Gardens & Kanakia Silicon Valley have the best 2 BHK flats in Powai. |
| Which are the best 3 BHK flats in Powai?
Hiranandani Empress Hill & Lodha Bellagio are the top 2 best 3 BHK flats in Powai. |
| What is the latest per sq. ft rate in Powai?
Rs. 33,540 is the per sq. ft flat rate in Powai. |
| What is the YoY property price appreciation of Powai?
17% in the last 3 years & 68% in the past 10 years is the YoY property price appreciation of Powai. |
