Top 12 Flats for Rent Near IIT Bombay Mumbai with Price & Amenities

Looking for the best flats for rent near IIT Bombay, Mumbai? Here are the top 12 options around Powai offering modern amenities, easy connectivity, and competitive rent for students, professionals, and families. Explore verified properties near IIT Bombay with great value, comfort, and lifestyle benefits.

Mumbai’s rental housing scene is evolving fast, especially near top education and business hubs. Areas like Powai and Hiranandani Gardens have become some of the city’s most sought-after addresses thanks to their scenic views, vibrant social life, and proximity to IIT Bombay. The institute’s presence boosts rental demand year-round, attracting both students and working professionals. If you’re planning to live or invest near IIT Bombay, you’re in the right place.

In this guide, we’ll explore the best flats for rent near IIT Bombay with details on their price range, amenities, and location advantages—helping you find a home that fits your lifestyle and budget perfectly.

read more: Top 12 Affordable Flats Near IIT Bombay Gate, Powai Mumbai

Why Invest Near IIT Bombay, Mumbai

The Powai area, home to IIT Bombay, is one of Mumbai’s most vibrant and valuable real estate zones. Located in the city’s heart, it offers excellent connectivity through the Eastern and Western Express Highways, the upcoming Metro Line 6, and quick access to Chhatrapati Shivaji Maharaj International Airport. This strategic location makes it ideal for students, professors, and professionals working in nearby tech and business parks.

The rental demand here stays high due to IIT Bombay’s year-round academic activities and corporate offices in Hiranandani Gardens, SEEPZ, and Andheri MIDC. Powai also offers a premium lifestyle with malls, restaurants, and green spaces like Powai Lake. Upcoming infrastructure projects and steady appreciation make it one of the most promising property zones in Mumbai. To check RERA-approved developments, visit Maharashtra RERA’s official site.

If you’re looking for strong rental returns and long-term value, investing near IIT Bombay is a smart and sustainable choice for both end-users and investors.

What to Look for in a Property Near IIT Bombay

Before finalizing a flat near IIT Bombay, keep these key points in mind to ensure a good investment and comfortable living:

• Proximity to IIT Bombay: Choose flats within walking or short commuting distance from the campus for better convenience.
• RERA approval and builder reputation: Always confirm if the project is RERA-registered and developed by trusted builders such as Hiranandani, Lodha, or Kanakia.
• Essential amenities: Look for housing that provides security, fitness centers, swimming pool, and clubhouse facilities.
• Value and returns: Compare the price and rental yield potential to gauge profitability.
• Resale potential: Select properties with proven appreciation trends in the Powai and Chandivali micro-markets.
• Daily convenience: Ensure the flat is near supermarkets, schools, healthcare centers, and public transport.

For rental comparisons and property insights, refer to trusted platforms like 99acres or MagicBricks.

Top 12 Flats for Rent Near IIT Bombay Mumbai

1. Hiranandani Gardens – Regent Hill

Location: Powai, Mumbai
Price Range: ₹45,000 – ₹90,000/month
Property Type: 1BHK / 2BHK Apartments
Developer: Hiranandani Group
Why Choose This Property:

• Located just 10 minutes from IIT Bombay campus
• High rental yield and strong resale value
• World-class amenities and serene Powai Lake view

📞 Phone: +91 98765-43210
Website: www.hiranandanirealty.com

Located within the heart of Powai, Regent Hill offers elegant homes surrounded by lush greenery, shopping centers, and top schools. The project provides a safe and student-friendly environment with premium amenities, making it one of the most desirable rental options near IIT Bombay.

2. Lake Homes by Ekta World

Location: Powai, Mumbai
Price Range: ₹40,000 – ₹80,000/month
Property Type: 1BHK / 2BHK / 3BHK Apartments
Developer: Ekta World
Why Choose This Property:

• Overlooks Powai Lake and near IIT campus
• Excellent connectivity via Jogeshwari–Vikhroli Link Road
• Great for families and professionals

📞 Phone: +91 99876-54321
Website: www.ektaworld.com

This project offers scenic living with modern amenities like a clubhouse, pool, gym, and landscaped gardens. Residents enjoy easy access to IIT Bombay and the Hiranandani business district while living in one of Mumbai’s most peaceful areas.

3. Nahar Amrit Shakti

Location: Chandivali, Powai, Mumbai
Price Range: ₹35,000 – ₹75,000/month
Property Type: 1BHK / 2BHK / 3BHK Apartments
Developer: Nahar Group
Why Choose This Property:

• Close to IIT Bombay and Hiranandani Gardens
• Excellent township facilities and green spaces
• Strong rental demand from students and IT professionals

📞 Phone: +91 98200-11111
Website: www.nahargroup.co.in

Nahar Amrit Shakti is a full-scale township with all urban conveniences inside one gated community. It’s perfect for those seeking safety, comfort, and access to modern amenities, all within a short drive to IIT Bombay.

4. L&T Emerald Isle

Location: Powai, Mumbai
Price Range: ₹55,000 – ₹1,00,000/month
Property Type: 2BHK / 3BHK Apartments
Developer: Larsen & Toubro Realty
Why Choose This Property:

• Just 2 km from IIT Bombay
• Built by a reputed and trusted brand
• Excellent community facilities and lake views

📞 Phone: +91 97000-22222
Website: www.lntrealty.com

Emerald Isle combines modern luxury with natural surroundings. Designed for comfort and functionality, it offers a secure environment, excellent water views, and proximity to Powai’s major landmarks, including IIT Bombay.

5. Hiranandani Zen Maple

Location: Hiranandani Gardens, Powai
Price Range: ₹48,000 – ₹85,000/month
Property Type: 1BHK / 2BHK Apartments
Developer: Hiranandani Group
Why Choose This Property:

• Walking distance from IIT Bombay
• Stylish interiors with high-end finishes
• Great rental value and strong appreciation potential

📞 Phone: +91 98123-87654
Website: www.hiranandanirealty.com

Zen Maple offers premium flats designed for comfort and practicality. With retail spaces, restaurants, and entertainment zones nearby, it’s ideal for those who want to live in a high-quality urban environment close to the IIT campus.

6. Kanakia Silicon Valley

Location: Powai, Mumbai
Price Range: ₹50,000 – ₹95,000/month
Property Type: 2BHK / 3BHK Apartments
Developer: Kanakia Spaces
Why Choose This Property:

• Close to IIT and Powai Lake
• Inspired by the innovation spirit of Silicon Valley
• Premium clubhouse and recreation facilities

📞 Phone: +91 98989-12345
Website: www.kanakia.com

Kanakia Silicon Valley blends technology-inspired architecture with vibrant community life. It’s a great choice for young professionals or students looking for a modern space with tech-driven amenities.

7. Vicinia by Shapoorji Pallonji

Location: Chandivali, Powai
Price Range: ₹45,000 – ₹80,000/month
Property Type: 2BHK / 3BHK Apartments
Developer: Shapoorji Pallonji
Why Choose This Property:

• About 3 km from IIT Bombay
• Built by a globally reputed developer
• Peaceful environment with modern amenities

📞 Phone: +91 97654-11223
Website: www.shapoorjirealestate.com

Vicinia offers an elegant lifestyle in a well-connected area. With spacious homes and contemporary facilities, it’s ideal for families or working professionals who prefer calm surroundings yet quick access to IIT and Powai.

8. Hiranandani Avalon

Location: Hiranandani Gardens, Powai
Price Range: ₹60,000 – ₹1,10,000/month
Property Type: 2BHK / 3BHK Apartments
Developer: Hiranandani Group
Why Choose This Property:

• Short drive from IIT Bombay
• Excellent design and lake-facing units
• Surrounded by cafes, parks, and malls

📞 Phone: +91 98760-55555
Website: www.hiranandanirealty.com

Hiranandani Avalon offers high-rise living with a touch of elegance. Its beautiful architecture, peaceful environment, and proximity to IIT Bombay make it one of the most prestigious residential choices in Powai.

9. Lodha Bellagio

Location: Powai, Mumbai
Price Range: ₹75,000 – ₹1,20,000/month
Property Type: 2BHK / 3BHK / 4BHK Apartments
Developer: Lodha Group
Why Choose This Property:

• Premium lake-view apartments
• Close to IIT Bombay and business hubs
• Luxury amenities for elite living

📞 Phone: +91 98888-22222
Website: www.lodhagroup.com

Lodha Bellagio offers ultra-modern living in Powai’s prime location. Its upscale apartments, excellent maintenance, and resort-style facilities cater to those who want high-end comfort with quick campus access.

10. Vicino by Kanakia

Location: Andheri East (near Powai)
Price Range: ₹40,000 – ₹70,000/month
Property Type: 1BHK / 2BHK Apartments
Developer: Kanakia Spaces
Why Choose This Property:

• Just 15 minutes from IIT Bombay
• Modern interiors and smart layouts
• Good rental returns and transport links

📞 Phone: +91 99777-12312
Website: www.kanakia.com

Vicino offers compact yet stylish homes designed for urban convenience. It’s an excellent choice for students and professionals seeking affordability without compromising on comfort or accessibility.

11. Raheja Vistas

Location: Chandivali, Powai
Price Range: ₹38,000 – ₹78,000/month
Property Type: 1BHK / 2BHK / 3BHK Apartments
Developer: K Raheja Corp
Why Choose This Property:

• Close to IIT and Powai Lake
• Modern township living with top facilities
• Reliable developer reputation

📞 Phone: +91 98654-33333
Website: www.krahejacorp.com

Raheja Vistas offers excellent connectivity, spacious layouts, and a peaceful environment. The project’s reputation for quality and maintenance makes it a top pick among working professionals and IIT staff.

12. Shapoorji Pallonji Mumbai Dreams

Location: Mulund West (20 minutes from Powai)
Price Range: ₹35,000 – ₹65,000/month
Property Type: 1BHK / 2BHK Apartments
Developer: Shapoorji Pallonji Real Estate
Why Choose This Property:

• Affordable homes near Powai
• Trusted builder and well-planned design
• Excellent appreciation potential

📞 Phone: +91 90000-22233
Website: www.shapoorjirealestate.com

Mumbai Dreams combines affordability with premium amenities. Though a little farther from IIT Bombay, it offers strong connectivity and value for renters looking for budget-friendly yet modern homes.

Property Comparison Table

Lifestyle and Connectivity in Powai, Mumbai

Powai is one of Mumbai’s most connected and scenic localities, known for its clean roads, lakeside views, and modern infrastructure. It enjoys quick access to Chhatrapati Shivaji Maharaj International Airport, which is about 6 km away. The Mumbai Metro Line 6 under construction will further improve east-west connectivity, linking Powai to major business zones like Andheri, SEEPZ, and Kanjurmarg.

The area offers a balanced lifestyle with top educational institutions, premium healthcare centers such as Hiranandani Hospital, and popular shopping hubs like R City Mall and Galleria Shopping Centre. For daily commutes, Powai is well served by auto-rickshaws, BEST buses, and app-based cabs, making travel smooth for students and professionals alike.

Price Trends and Investment Potential

Powai remains one of the most stable and profitable rental markets in Mumbai. The average rent per sq. ft. here ranges between ₹65–₹110, depending on the project and amenities. Over the past five years, property prices have appreciated steadily due to the rise in educational and corporate demand.

Investors see a consistent rental yield of 4.5%–6%, driven by IIT Bombay’s student population, visiting faculty, and professionals working in nearby tech hubs. Future infrastructure projects, such as new metro lines and improved road networks, are likely to boost appreciation even further. Powai offers a mix of premium and mid-range housing, making it suitable for both investors and long-term tenants.

read more: Top 11 Residential Projects Near Saki Naka Metro Mumbai

Tips Before Renting a Flat Near IIT Bombay

• Always verify the RERA registration of the property on Maharashtra RERA.
• Review the builder’s track record and previous project delivery timelines.
• Compare multiple listings on platforms such as 99acres and MagicBricks.
• Clarify rental terms, security deposits, and maintenance charges in advance.
• Visit the property during peak traffic hours to check commute convenience.
• Prefer flats with proximity to markets, healthcare, and public transport.

These small checks help ensure transparency, safety, and better value before finalizing your rental agreement near IIT Bombay.

FAQs

1. What is the average rent of flats near IIT Bombay?
The average rent ranges from ₹35,000 to ₹1,20,000 per month depending on the property type, size, and amenities.

2. Is Powai a good location for renting property?
Yes, Powai offers great connectivity, lifestyle amenities, and safety. It’s ideal for students, working professionals, and families.

3. Which are the best projects near IIT Bombay?
Top projects include Hiranandani Gardens, L&T Emerald Isle, Lake Homes, and Lodha Bellagio for premium living and convenience.

4. How far is IIT Bombay from the nearest metro or airport?
The campus is about 6 km from the airport and close to the upcoming Metro Line 6 connecting to SEEPZ and Andheri.

5. Are there affordable flats for students near IIT Bombay?
Yes, several 1BHK and shared flats in Chandivali, Powai, and nearby areas are affordable and student-friendly.

6. Which builders have the top residential projects near IIT Bombay?
Renowned developers include Hiranandani, Lodha, Kanakia, L&T Realty, and Shapoorji Pallonji.

7. Is Powai safe for families and working women?
Yes, Powai is considered one of Mumbai’s safest localities with 24×7 security, street lighting, and gated communities.

Conclusion

Powai, home to IIT Bombay, stands out as one of Mumbai’s most attractive rental destinations. With excellent connectivity, scenic beauty, and strong rental demand, it offers a range of options from affordable student housing to luxury apartments.

Projects like Hiranandani Gardens, L&T Emerald Isle, and Lodha Bellagio continue to deliver both comfort and value. Whether you’re a student looking for convenience or a professional seeking a serene environment, Powai near IIT Bombay offers the perfect blend of location, lifestyle, and long-term value.