Estimate Flat Prices Near IIT Bombay, Powai
Looking for affordable flats near IIT Bombay Gate? Here are the top 12 budget-friendly apartments in Powai, offering great connectivity, strong rental returns, and modern living close to Mumbai’s education and tech hub.
The real estate market around IIT Bombay, Powai, has become one of Mumbai’s most desirable zones for buyers, students, and investors. With rising demand for urban housing, this area combines academic excellence, scenic views, and strong infrastructure. The presence of IIT Bombay makes nearby properties valuable due to consistent rental demand and long-term appreciation. Powai’s connectivity through the JVLR, Eastern Express Highway, and Metro links adds to its convenience. Whether you’re a student, a young professional, or an investor.
This guide will help you find affordable flats near IIT Bombay Gate that match your budget and lifestyle. Let’s explore the top projects, amenities, and property trends that make Powai a standout investment hub.
Why Invest Near IIT Bombay in Mumbai
The Powai area near IIT Bombay is one of Mumbai’s most desirable real estate zones. It offers excellent connectivity through the Eastern Express Highway, Jogeshwari–Vikhroli Link Road (JVLR), and Mumbai Metro Line 6, which links to major hubs like Andheri and Ghatkopar. The region attracts students, IT professionals, and corporate employees, creating steady rental demand all year. With top institutions, MNC offices, and business parks nearby, it’s ideal for both end-users and investors. Residents also enjoy a complete lifestyle ecosystem—from malls like R City to cafes, schools, and hospitals—all within a few kilometers. Ongoing infrastructure projects promise future appreciation and make Powai a sustainable choice for long-term investment.
For verified project information and builder credibility, check Maharashtra RERA and property platforms like 99acres and MagicBricks.
read more: Top 11 Student-Friendly Flats Near IIT Bombay Mumbai
What to Look for in a Property Near IIT Bombay
When shortlisting affordable flats near IIT Bombay, consider the following essential factors:
- Proximity to IIT Bombay: Choose homes within walking or short cycling distance for convenience.
- RERA Approval: Always confirm the project’s registration on the official portal.
- Builder Reputation: Pick trusted developers known for timely delivery and quality.
- Amenities: Look for security, gym, clubhouse, and modern facilities that enhance comfort.
- Price vs. Rental Yield: Compare both to ensure your property earns steady returns.
- Resale Value: Study local appreciation trends and market potential.
- Daily Needs Access: Ensure easy reach to markets, schools, hospitals, and transport hubs.
Following these points helps you find a secure, profitable flat near IIT Bombay, ideal for living or investment purposes.
Top 12 Properties Near IIT Bombay Gate
1. Hiranandani Regent Hill
Location: Hiranandani Gardens, Powai, Mumbai
Price Range: ₹1.05 Cr – ₹1.60 Cr
Property Type: 1BHK / 2BHK
Developer: Hiranandani Group
Why Choose This Property:
- Prime location just 5 minutes from IIT Bombay Gate
- High rental demand from students and professionals
- Excellent amenities with green, clean surroundings
📞 Contact Info:
Phone: +91 98989-10101
Website: www.hiranandani.com
These elegant apartments combine comfort and convenience with premium lifestyle facilities like a gym, clubhouse, and jogging track. The project’s strong connectivity and calm environment make it ideal for students, families, and investors seeking long-term value.
2. Vicinia by Shapoorji Pallonji
Location: Chandivali, Powai, Mumbai
Price Range: ₹1.25 Cr – ₹2.40 Cr
Property Type: 2BHK / 3BHK
Developer: Shapoorji Pallonji Real Estate
Why Choose This Property:
- Near IIT Bombay with great road and metro links
- Strong appreciation and rental prospects
- Modern lifestyle amenities and spacious design
📞 Contact Info:
Phone: +91 98200-20200
Website: www.shapoorjirealestate.com
This project offers thoughtfully designed apartments with large balconies and top-class construction. It’s popular among professionals and families looking for comfort and connectivity near Powai’s prime institutions.
3. Nahar Amrit Shakti
Location: Chandivali, Andheri East, Mumbai
Price Range: ₹1.10 Cr – ₹2.10 Cr
Property Type: 1BHK / 2BHK / 3BHK
Developer: Nahar Group
Why Choose This Property:
- Located within 10 minutes of IIT Bombay
- Gated township with superior amenities
- High livability and resale potential
📞 Contact Info:
Phone: +91 98333-90909
Website: www.naharbuilders.com
This township offers landscaped gardens, a clubhouse, and a sports complex. It’s ideal for those seeking a family-friendly, safe, and modern community close to IIT Bombay and Powai’s main business centers.
4. Lake Homes
Location: Powai Lake, Mumbai
Price Range: ₹95 Lakhs – ₹1.80 Cr
Property Type: 1BHK / 2BHK
Developer: Ekta World
Why Choose This Property:
- Lake-facing apartments with serene surroundings
- 8-minute drive from IIT Bombay Gate
- High rental yield due to scenic location
📞 Contact Info:
Phone: +91 98765-55555
Website: www.ektaworld.com
Lake Homes combines affordability and luxury, offering peaceful living with modern facilities. Its proximity to Powai Lake and academic centers makes it a perfect balance between comfort and convenience.
5. Shantivan Apartments
Location: Powai, Mumbai
Price Range: ₹75 Lakhs – ₹1.20 Cr
Property Type: 1BHK / 2BHK
Developer: Shantivan Housing Society
Why Choose This Property:
- Budget-friendly option near IIT Bombay
- Peaceful residential locality
- Easy access to markets, schools, and hospitals
📞 Contact Info:
Phone: +91 98192-23232
Website: www.shantivanpowai.in
An excellent choice for first-time buyers or students, Shantivan Apartments offer affordable living with basic amenities and reliable community security close to IIT Bombay.
6. Kanakia Future City
Location: Powai, Mumbai
Price Range: ₹1.35 Cr – ₹2.70 Cr
Property Type: 2BHK / 3BHK
Developer: Kanakia Spaces
Why Choose This Property:
- Ultra-modern design with future-ready amenities
- Close to IIT Bombay and Hiranandani Gardens
- High appreciation potential
📞 Contact Info:
Phone: +91 98201-28282
Website: www.kanakia.com
This landmark project offers cutting-edge architecture and lifestyle facilities. With excellent metro access and a prime location, it’s one of Powai’s most promising investment options.
7. Lodha Aurum Grande
Location: Kanjurmarg West, Mumbai
Price Range: ₹1.40 Cr – ₹2.60 Cr
Property Type: 2BHK / 3BHK
Developer: Lodha Group
Why Choose This Property:
- Located within 10–12 minutes of IIT Bombay
- Spacious layouts with smart amenities
- Ideal for both families and rental investors
📞 Contact Info:
Phone: +91 99300-00000
Website: www.lodhagroup.com
Lodha Aurum Grande offers well-planned apartments with panoramic views and world-class features. It’s perfect for those seeking high-end comfort near the IIT Bombay–Powai belt.
8. GHP Trinity
Location: Powai, Mumbai
Price Range: ₹90 Lakhs – ₹1.50 Cr
Property Type: 1BHK / 2BHK
Developer: GHP Group
Why Choose This Property:
- Affordable housing option close to IIT Bombay
- Modern design with good carpet area utilization
- Proximity to business centers and schools
📞 Contact Info:
Phone: +91 98701-11111
Website: www.ghpgroup.co.in
A mid-segment project catering to young professionals and students, GHP Trinity provides practical, compact homes in a well-developed location with solid rental demand.
9. Raheja Vistas
Location: Chandivali, Powai, Mumbai
Price Range: ₹1.15 Cr – ₹2.20 Cr
Property Type: 2BHK / 3BHK
Developer: K Raheja Corp
Why Choose This Property:
- 5 minutes from IIT Bombay via JVLR
- Excellent amenities and high-end finish
- Proven resale and rental performance
📞 Contact Info:
Phone: +91 98193-88888
Website: www.krahejacorp.com
This gated community offers landscaped open spaces and a premium lifestyle, making it one of Powai’s most desirable addresses for modern families and professionals.
10. Supreme Lake Home
Location: Powai Lake, Mumbai
Price Range: ₹1.10 Cr – ₹1.95 Cr
Property Type: 1BHK / 2BHK
Developer: Supreme Universal
Why Choose This Property:
- Close proximity to IIT Bombay and Powai Lake
- Modern architecture and open-air design
- Ideal mix of affordability and lifestyle
📞 Contact Info:
Phone: +91 98671-78787
Website: www.supremeuniversal.in
These apartments are known for their peaceful setting and excellent ventilation. With strong appreciation potential, it’s a great pick for those seeking value near Powai’s educational hub.
11. Akruti Orchid Park
Location: Saki Naka, Andheri East
Price Range: ₹85 Lakhs – ₹1.60 Cr
Property Type: 1BHK / 2BHK
Developer: Akruti Developers
Why Choose This Property:
- Just 10 minutes to IIT Bombay Gate
- Affordable rates with premium construction
- Great metro and highway access
📞 Contact Info:
Phone: +91 99303-30303
Website: www.akrutirealestate.com
This well-known project offers reliable construction and good community facilities, making it one of the most affordable and accessible options near Powai.
12. Suncity Complex
Location: Powai, Mumbai
Price Range: ₹80 Lakhs – ₹1.30 Cr
Property Type: 1BHK / 2BHK
Developer: Suncity Group
Why Choose This Property:
- Close to IIT Bombay and Hiranandani Gardens
- Budget-friendly and well-connected
- Popular among students and working tenants
📞 Contact Info:
Phone: +91 98929-09090
Website: www.suncitygroup.in
Located in the heart of Powai, this complex offers a great mix of affordability and access to daily conveniences. It’s ideal for young buyers and investors looking for steady returns.
Property Comparison Table
Hiranandani Regent Hill
Vicinia by Shapoorji Pallonji
Nahar Amrit Shakti
Lake Homes
Shantivan Apartments
Kanakia Future City
Lodha Aurum Grande
GHP Trinity
Raheja Vistas
Supreme Lake Homes
Akruti Orchid Park
Suncity Complex
Lifestyle & Connectivity in Powai, Mumbai
Powai offers a complete lifestyle package for students, professionals, and families. It is well-connected through the JVLR, Eastern Express Highway, and Mumbai Metro Line 6, ensuring smooth travel to Andheri, Ghatkopar, and BKC. The Chhatrapati Shivaji Maharaj International Airport is just 20 minutes away, making it easy for frequent travelers. Residents enjoy access to top shopping centers like R City Mall and Hiranandani Gardens, known for their restaurants, cafes, and entertainment hubs. Powai also has leading schools such as Hiranandani Foundation School and hospitals like Dr. L. H. Hiranandani Hospital nearby. With scenic spots like Powai Lake, the area offers a blend of nature and city comfort for daily living.
read more: Top 11 Ready-to-Move Flats Near Hiranandani Powai Mumbai
Price Trends & Investment Potential
The average property price in Powai ranges between ₹21,000 and ₹26,000 per sq. ft., depending on location and project features. Over the past five years, Powai has seen steady appreciation due to the presence of IIT Bombay, major business hubs, and reliable infrastructure. Properties near IIT Bombay enjoy strong rental demand, especially from students and IT professionals working in SEEPZ, Andheri, and Marol. With the ongoing Metro Line 6 and road widening projects, experts expect continued price growth. Investing in affordable flats near IIT Bombay Gate offers both immediate rental income and long-term capital appreciation, making it a balanced and smart choice.
Tips Before Buying Property Near IIT Bombay
- Check the RERA registration number of the project for transparency.
- Research the developer’s track record and delivery history.
- Compare multiple projects within a 2 km radius for the best value.
- Visit the site during peak traffic hours to assess commute ease.
- Review rental yield and resale trends on trusted portals like 99acres or MagicBricks.
- Ensure that property documents are verified by a legal expert.
- Negotiate registration and stamp duty costs before finalizing the deal.
FAQs
1. What is the average price of flats near IIT Bombay Gate?
Most flats range from ₹75 Lakhs to ₹2.5 Crores, depending on the project, configuration, and distance from the IIT campus.
2. Is Powai a good area for rental investment?
Yes, Powai’s mix of students, IT professionals, and corporate employees creates consistent rental demand with yields averaging 4–5%.
3. Which builders have top projects near IIT Bombay?
Leading developers include Hiranandani Group, Shapoorji Pallonji, Lodha Group, and Kanakia Spaces, all known for quality and timely delivery.
4. How far is IIT Bombay from Mumbai Airport?
The campus is about 8 km (20 minutes) from Mumbai Airport via JVLR, making it convenient for residents and visitors.
5. Are there student housing or PG options near IIT Bombay?
Yes, several residential societies and co-living setups around Powai and Chandivali cater to students and visiting faculty.
6. Do these properties have RERA approval?
Most projects listed are RERA-registered and can be verified on the Maharashtra RERA portal.
Conclusion
Living near IIT Bombay combines the best of academic excellence, scenic views, and strong city connectivity. The nearby Powai area offers affordable, modern flats that meet both lifestyle and investment goals. Whether you’re looking for a home or a property with good rental income, Powai’s real estate market provides unmatched value. Projects like Hiranandani Regent Hill, Lake Homes, and Kanakia Future City stand out for their amenities and location. It’s the right time to explore these options, contact developers, and book a visit to find your perfect home near Mumbai’s leading educational hub.