Indian Property > Properties in Mumbai > Commercial Property for Sale in Powai
Looking at Indian property as an investment option? Considering the idea of buying a property in Mumbai? There is one area that is very unique in North Mumbai that should be considered when looking for your next office space or commercial building to buy and that is Powai. There are many reasons as to why one should purchase commercial property for sale in Powai.
Powai only so many years ago was a more rural area, but over time that has certainly changed. Given that it was an open area, it has a much more planned feel than the rest of Mumbai and frankly the infrastructure is far more superior making it great option to buy not only residential properties, but also one should consider commercial properties for sale in Powai as well.
Powai is well situated on a gorgeous lake, called Powai Lake, that was built by the British around 1800. Powai Lake is surrounded by many important establishments such as IIT Bombay, National Institute of Industrial Engineering (NITIE), Convention Centre, the Renaissance Hotel and companies like Larsen and Toubro.
Larsen Toubro is not the only large blue chip company to have their commercial property in Powai, there are a number of others that have office space in Powai such as Kellogg's, TCS, Wipro, Maersk, Crisil, J.P. Morgan, Credit Suisse, G.E, Deloitte, British Gas, Transocean, Colgate, General Mills, Petrofac, Basel, Syntel, Nomura, Cognizant, Accenture, and Black and Veatch. Clearly, Powai is a commercial hub and given the demand for office space, it may not be a bad option for your next investment in commercial property in Mumbai.
It's not only large companies that have Powai offices, but in fact the area is known to be an area for start-up companies given that IIT Bombay is located in Powai. Some of the start-ups that have found commercial property in Powai for their business are JustRide, Housing, TinyOwl, Toppr, HolaChef, Bewakoof, Logic Roots, Care24, Flyrobe, NearFox, Belita, CredR, and Crispy Games – mind you this is just a small sample list of startups that have office space in Powai. The list could go on and on and clearly there is demand for office space in Powai.
Whether you are working in a commercial building in Powai at a start-up or at a large company, one’s employees certainly won’t mind being close to parks, malls and banks. These surrounding amenities if you will are only more reason to look into office property for sale in Powai. When your employees need a break from their future Powai office, the parks that they can visit are Nirvana Park, Forest Park, Hiranandani Garden Park, and Heritage Garden, each a top tier park that they will thoroughly enjoy. And in terms of commercial shopping malls there is Galleria, Westside, Heera Panna Shopping Centre, and Haiko Place. Lastly, the banks that will be near your commercial building in Powai are Axis Bank, Kotak Mahindra Bank, IDBI Bank, Vijaya Bank, HDFC, ICICI, and YES Bank.
Also to note, for your next investment in Indian property, it’s never a bad idea to also be close to hotels and hospitals as well, especially when considering commercial property in Mumbai, and once again Powai offices meets the mark there as well with hospitals such as Hiranandani Hospital and IIT Hospital and hotels such as the Rodas, Renaissance, and Meluha.
There is one last thing that anyone looking at commercial property for sale in Mumbai should consider and that is accessibility of one’s commercial building in Mumbai to the surrounding area and to the rest of the City. Making sure that your office space or commercial building that you buy is in close proximity to transportation options is imperative. Although Powai is in north Mumbai, your future Powai office will be well connected to the rest of the City. Offices in BKC (Bandra Kurla Complex), one of Mumbai’s main commercial hubs, are about twelve kilometres away. Both the Eastern & Western Express Highway are just five kilometres away from your future commercial property in Powai. And even closer is LBS marg which is only about four kilometres away that connects commercial buildings in Powai to Mulund and Ghatkopar. And last but not least, JVLR Road, a very main and important road, could be potentially in walking distance of your future office space in Powai.
There are many reasons to consider buying office commercial property for sale in Powai and luckily there are a number of options that would be great for your next Indian property investment whether looking for office space for your own company or to buy the commercial property for sale in Powai and rent it out to a company. Either way here are a list of some of our favourite commercial buildings in Powai: Business Park, Galleria, Scorpio House, CRISIL House, Powai Plaza. Builders include Hiranandani Group, Ekta Group, Nahar Group, Supreme Housing and Hospitality and many more.
It wouldn’t be right to discuss Powai and not bring up Hiranandani, specifically Hiranandani Gardens is a massive development on two hundred and fifty acres that consist of pretty much everything you can think of from hotels, to shops, to apartments to swimming pools and yes even commercial buildings with proper commercial spaces. In fact there are about twenty three commercial buildings in Hiranandani, which include Gateway Plaza, Sentinel, Powai Plaza, Galleria Shopping Centre, Haiko Mall, Colgate Palmolive, Olympia, Chemtex, Bayer House, Alpha, Omega, Sigma, Delta, Delphi, J.M. House, B.G. House, Transocean House, Fairmont, Winchester, Kensington (SEZ), Spectra, Prudential, and Ventura. There are so many choices for your next commercial property for sale in Powai, let alone in just Hiranandani alone.
Also, one other location that you may want to consider when looking for commercial property for sale in Powai or looking for commercial property for sale in Mumbai for that matter and that location is Chandivali that is just south of Powai. The two main commercial buildings we would consider are the Oberoi Garden office building complex, that is home to HDFC Bank & ICICI Bank and the other commercial building would be Boomerang, which would be considered a “Tech-business park” that offers massive floor plates that would accommodate any company looking for office space. Outside of looking at commercial properties for sale in Powai, we would have you consider Chandivali.
In closing, Powai would be a great location for your next Indian property investment and should certainly be considered when looking at commercial properties for sale in Mumbai. Given your future Powai office’s accessibility to the rest of the City and also parks, shopping malls, banks etc. combined with great infrastructure make commercial property for sale in Powai a great option. There are many property sites out there such as Magicbricks Mumbai & 99acres Mumbai, but none offer the list of verified retail and office properties in Mumbai that Jagaha.com does, nor do they provide assistance from start to finish during your search for commercial properties in Mumbai. Our Mumbai commercial real estate team is here to help you during your search for the right commercial property for sale in Powai or anywhere else in Mumbai, Thane or Navi Mumbai.
Want to check out more commercial property in Mumbai options? Would you consider a completely different part of the City? If so, we would have you take a look at the following commercial property sites/options: