Estimate Property Price Near IIT Bombay Hostel Gate
Looking for the best flats near IIT Bombay? Here are the top 13 properties close to the IIT Bombay Hostel Gate offering ideal options for students, families, and investors — with great connectivity, solid returns, and a modern lifestyle in Powai, Mumbai.
Mumbai’s real estate scene is thriving, and Powai stands out as one of the city’s most sought-after localities. Home to IIT Bombay, a global academic hub, this area attracts students, professionals, and property investors alike. The demand for quality housing around the campus has led to several residential projects designed to suit every budget and need. From affordable student apartments to luxury high-rises with lake views, there’s something for everyone near the IIT Bombay Hostel Gate. In this article, we’ll explore the top 13 nearby properties, their price ranges, amenities, and location advantages to help you make the right property choice.
Why Invest Near IIT Bombay in Mumbai?
The area around IIT Bombay is a top pick for property buyers and investors. It enjoys excellent connectivity via roads like JVLR (Jogeshwari–Vikhroli Link Road), Eastern & Western Express Highways, and Saki Vihar Road. (Dwello) The Mumbai Metro Line 6 (Pink Line) is planned to pass through IIT Powai and link to Kanjurmarg and Vikhroli, boosting ease of access further. (Wikipedia)
Rental demand in this zone is strong. Students, academics, IT professionals, and corporate workers all seek housing close to campus. The presence of IIT ensures steady demand year-round.
For lifestyle, Powai offers malls, cafes, green spaces by the lake, quality schools, and hospitals — making it very livable. (IITB Research Park)
On the growth front, the infrastructure push (metro, road widening, new projects) promises good appreciation for property values in the coming years.
What to Look for in a Property Near IIT Bombay?
- Proximity to IIT Bombay — ideally walking distance or short commute
- RERA-approved & reputable builder
- Amenities — security, gym, pool, clubhouse
- Balance of price vs rental yield
- Resale potential & past appreciation
- Access to daily necessities — hospitals, grocery, schools
- Transport options for commuting — bus, auto, metro, last mile
Top 13 Properties Near IIT Bombay Hostel Gate
Below are some prominent residential projects around IIT Bombay / Powai area. Use these as leads—always verify details with the developer or site office before decision.
- L&T Emerald Isle
Location: Powai, Mumbai
Price Range: ₹1.69 Cr – ₹4.01 Cr (Housing)
Property Type: 1, 2, 3 BHK flats
Developer: L&T Realty
Why Choose This Property:
- Good connectivity to IIT and nearby hubs
- Strong brand name and reliable infrastructure
- Attractive amenities and modern design
📞 Contact Info: Through L&T Realty sales office
Offers a blend of lifestyle and functionality, suited for families and professionals alike.
- Kanakia Silicon Valley
Location: Krishna Nagar, Powai
Price Range: ₹1.7 Cr – ₹6.74 Cr (Housing)
Property Type: 1, 2, 3, 4 BHK apartments
Developer: Kanakia Spaces
Why Choose This Property:
- Wide range of unit sizes to suit different needs
- High-end finishes and good amenities
- Strong appreciation potential given location
📞 Contact Info: Through Kanakia’s official site
Positioned as a premium development, it appeals to those seeking lifestyle + investment balance.
- Hiranandani Empress Hill
Location: IIT Area, Powai
Price Range: (High-end segment) (Housing)
Property Type: 3, 4 BHK apartments
Developer: Hiranandani Communities
Why Choose This Property:
- Prestigious address near IIT
- Luxurious amenities and community feel
- Strong resale and brand value
📞 Contact Info: Hiranandani communities office
Best suited for premium buyers wanting upscale living near campus.
- Gurukrupa Gyanam
Location: MHADA Colony 20, Powai
Price Range: ₹1.88 Cr – ₹4.39 Cr (Housing)
Property Type: 2, 2.5, 3, 4.5 BHK flats
Developer: Gurukrupa Realcon
Why Choose This Property:
- Spacious layouts and flexible unit types
- Offers value for money vs premium towers
- Close to local infrastructure
📞 Contact Info: Developer/agent contacts listed in project listing
Good option for mid to upper segment buyers.
- Wadhwa Lake Front Solitaire
Location: IIT Area, Powai
Price Range: (Upper-mid to premium) (Housing)
Property Type: 2, 3 BHK apartments
Developer: Wadhwa Group
Why Choose This Property:
- Scenic views of Powai Lake
- Premium finishes and modern amenities
- Strong reputation of the developer
📞 Contact Info: Wadhwa sales team
For buyers who prefer aesthetics with proximity.
- Zen Atlantis
Location: Hiranandani Gardens, Powai
Price Range: ~ ₹3.75 Cr for 2 BHK (NoBroker)
Property Type: 2 BHK
Developer: (Hiranandani / associated)
Why Choose This Property:
- Established location in Hiranandani Gardens
- Balanced luxury with convenience
- Strong demand for such units
📞 Contact Info: Project sales office
Ideal for compact luxury seekers.
- Adityaraj Greens
Location: Padmavati Devi Marg, Powai
Price Range: ~ ₹1.51 Cr for 2 BHK (NoBroker)
Property Type: 1, 2 BHK flats
Developer: Adityaraj
Why Choose This Property:
- Relatively affordable near IIT
- Good for students or small families
- Decent amenities
📞 Contact Info: Adityaraj developers
Entry-level option within reach of campus.
- Subha Heritage
Location: Padmavati Devi Road, Opp IIT Market, Powai
Price Range: ~ ₹1.35 Cr for 1 BHK (NoBroker)
Property Type: 1 BHK apartments
Developer: Subha Builders
Why Choose This Property:
- Very close to IIT campus and campus market
- Good for individuals or students
- Compact, manageable units
📞 Contact Info: Builder / local agent
Practical choice for single occupants or couples.
- L&T Barbet
Location: Krishna Nagar, Powai
Price Range: ~ ₹2.46 Cr for 2 BHK (NoBroker)
Property Type: 2 BHK
Developer: L&T Realty
Why Choose This Property:
- Solid builder backing
- Mid-premium segment
- Located in developing part of Powai
📞 Contact Info: L&T sales
Good balance of cost, prestige, and connectivity.
- Madhav Building, Opp IIT Main Gate
Location: Opposite IIT Main Gate, Powai
Price Range: ~ ₹2.10 Cr for 2 BHK (1000 sqft) (NoBroker)
Property Type: 2 BHK
Developer: Local co-operative / society
Why Choose This Property:- Walking distance to IIT main gate
- No major commute needed
- Simpler structure, lower overheads
📞 Contact Info: Local society contacts
Good for those prioritizing proximity over glamour.
- GH P Trinity
Location: Near IIT Hospital / Powai
Price Range: ~ ₹1.85 Cr (900 sqft) (NoBroker)
Property Type: 2 BHK
Developer: GH P (local developer)
Why Choose This Property: - Suja Niketan CHS
Location: Main Gate Rd, IIT area, Powai
Price Range: ~ ₹1.50 Cr (NoBroker)
Property Type: 1 BHK
Developer: Cooperative society
Why Choose This Property:- Very near IIT gate
- Simple, modest living
- Good for students or short stay rentals
📞 Contact Info: Society / local agent
Straightforward option for basic needs.
- Pooja CHS, IIT Area
Location: Near IIT Bombay, Powai
Price Range: ~ ₹1.05 Cr (540 sqft) (NoBroker)
Property Type: 1 BHK
Developer: Local housing society
Why Choose This Property:- Budget option within walking / short commute distance
- Minimal maintenance
- Good for rental returns for students
📞 Contact Info: Local contact / owner
Best suited for lean budgets with proximity priority.
Property Comparison Table
L&T Emerald Isle
Kanakia Silicon Valley
Hiranandani Empress Hill
Gurukrupa Gyanam
Wadhwa Lake Front Solitaire
Zen Atlantis
Adityaraj Greens
Subha Heritage
L&T Barbet
Madhav Building, Opp IIT Main Gate
GH P Trinity
Suja Niketan CHS
Pooja CHS, IIT Area
Lifestyle & Connectivity in Powai, Mumbai
Powai is one of Mumbai’s most vibrant and self-sufficient neighbourhoods. It is surrounded by scenic Powai Lake, lush greenery, and modern infrastructure. The Chhatrapati Shivaji Maharaj International Airport is only about 8–10 km away, while Kanjurmarg and Vikhroli railway stations provide strong rail access. The JVLR and Saki Vihar Road link Powai to the Eastern Express Highway and Western Express Highway, making commuting easy.
Residents enjoy a cosmopolitan lifestyle with access to Hiranandani Gardens, R City Mall, fine dining cafes, schools, and hospitals such as Hiranandani Hospital. The area is also close to the upcoming Mumbai Metro Line 6, improving future connectivity to business hubs like SEEPZ, Andheri, and Kanjurmarg. Everyday essentials, leisure spaces, and workplaces are all within reach, adding to Powai’s livability factor.
Price Trends & Investment Potential
Powai’s property rates have remained strong due to constant housing demand from IIT students, professionals, and entrepreneurs. The average price per sq. ft. in Powai currently ranges between ₹22,000 and ₹33,000, depending on the project and location. Property appreciation has been steady, supported by robust infrastructure and the entry of premium developers.
Rental demand remains high because of IIT Bombay, IT parks, and nearby corporate offices in SEEPZ and Andheri MIDC. Investors benefit from consistent occupancy and good returns. Upcoming metro connectivity and smart infrastructure projects are expected to further enhance property values, making Powai one of Mumbai’s most reliable investment zones.
Tips Before Buying Property Near IIT Bombay
- Check RERA registration on the official MahaRERA website.
- Verify the builder’s track record and delivery timelines.
- Compare multiple projects for pricing, amenities, and location benefits.
- Negotiate stamp duty and registration charges.
- Visit the property during peak traffic hours to assess commute convenience.
- Review society maintenance costs and long-term sustainability.
- If buying for rental, analyze the student housing demand and monthly returns.
FAQs
What is the average price of flats near IIT Bombay?
Average rates range from ₹1.05 Cr for 1 BHK units to ₹4 Cr+ for premium apartments, depending on the project and proximity to campus.
Is Powai a good location for rental investment?
Yes. The presence of IIT Bombay, top offices, and constant student demand ensures steady rental income and appreciation.
Which builders have top projects near IIT Bombay?
Leading developers include L&T Realty, Hiranandani, Kanakia Spaces, and Wadhwa Group.
How far is IIT Bombay from the airport and metro?
It’s about 25–30 minutes from Mumbai International Airport. The upcoming Metro Line 6 will connect IIT Powai directly to key routes.
Are there affordable housing options near IIT Bombay?
Yes. Projects like Pooja CHS and Subha Heritage offer compact 1 BHK options suited for students and small families.
Do these projects provide student-friendly rental options?
Several societies and developers cater to students through furnished rentals, PGs, and co-living spaces near the campus.
Conclusion
Properties near IIT Bombay Hostel Gate combine strong rental returns, high connectivity, and a quality lifestyle. Whether you are an investor or a family seeking modern living, Powai offers something for every budget. Projects like L&T Emerald Isle, Kanakia Silicon Valley, and Hiranandani Empress Hill stand out for their design and location. With solid infrastructure and upcoming metro expansion, this area remains one of Mumbai’s top real estate hotspots for the long term.