An Overview of the Property Market in Powai

An Overview of the Property Market in Powai

If you are planning on buying a property in Powai, then you are evidently making the right decision in terms of investment perspective. It is because the price appreciation for real estate in Powai has seen a significant hike in the past five years. And as the upcoming developments are proposed within the locality, this appreciation rate isn’t expected to go down anytime soon. 

In this article, you will get an insight into the property market overview of Powai, which will help you better understand the potential of real estate in this locality. Following this, you can finally decide whether or not you should invest here! 

The Average Pricing Per Sq. Ft. 

The average pricing per sq. ft. for properties in Powai is around Rs. 25,000, which might seem moderate for the number of luxuries that this place has to offer. But, to your astonishment, this price is around 13% higher than last year’s average. 

And, in the tenure of the last 3 years, the price has appreciated by around 35%, which is immensely high to give you profitable returns when you finally sell your property in Powai after holding onto it for a decade or more. 

High Rental Yields

The next big thing about the property market in Powai is the rental yield in this locality. You get around 21% of the rental yield from the tenants, with an average rental pricing per month of around Rs. 76,000. Hence, if you are planning on investing on a property in Powai to earn passive income for the long run, then it is probably the best decision you would make! 

What Has Led the Property Market of Powai Excel?

Powai has amazing connectivity to most of the popular localities of Mumbai through roads, railways and the metro. Living here, you will be closer to SEZs, Andheri East, and other such destinations. Soon, Powai will also have its own metro line and won’t have to depend on the Sakinaka hub. The Lokhandwala to Kanjurmarg Metro Line is in progress! 

Powai comprises various schools or institutions such as Pawar Public School, Podar International School, SM Shetty High School, and Nahar International School. You will also be close to the healthcare facilities such as Seven Hills, Godrej Memorial, and Dr LH Hiranandani Hospital, for offering world-class treatments. 

Some of the reputed businesses such as L & T, Deloitte, Wipro, TCS, JP Morgan and others companies have their headquarters here, which makes it a welcoming locality for the working professionals. Even if you aren’t a working professional, you can buy a property in Powai and rent it out to someone who works in these big companies to get good rental yields. 

Some of the upcoming developments in Powai that is further escalating the property market in the locality are:

  • There are plans for Powai to have around three metro hubs upon the ML 6, which will connect Lokhandwala to Kanjurmarg, covering Jogeshwari and Vikhroli. 
  • The water tunnel from Ghatkopar to Powai to Veravali is under construction which will improve the water supply across the locality. 
  • The concretisation of the Aarey Road will eventually reduce the traffic congestion between both the eastern & western parts of the locality. 


Powai’s real estate market is thriving at a consistent pace, and you need to grab this opportunity before the price appreciates even higher. If you have the right budget, there are luxurious apartment buildings available for you to live an amazing life. 

But, even if you are on a tight budget, Blox can help you find the right set of properties that fits your needs. You just need to specify the budget, pick the apartment type, and you will see an abundance of options to choose from. You can also book your site visit through Blox in just one click!

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