Top 13 PG Properties Near IIT Bombay Campus Powai Mumbai 2025

Find the best PG accommodations near IIT Bombay with options for every budget. Explore verified listings offering furnished rooms, modern amenities, and excellent connectivity to the campus and Powai’s lifestyle hubs.

Mumbai’s property demand is rising, especially around education and business centers like IIT Bombay. Powai, known for its scenic lake and thriving tech parks, offers a range of PG options perfect for students and professionals. From affordable shared flats to premium co-living spaces, the area combines comfort, convenience, and solid rental value. You’ll find properties close to the campus, malls, and transport links. Let’s explore the top PG properties near IIT Bombay, complete with price ranges, features, and location advantages.

Why Invest Near IIT Bombay, Powai

Powai is one of Mumbai’s most desirable areas, combining natural beauty, modern living, and academic prestige. Its location near IIT Bombay makes it a strong choice for both property investors and those seeking PG accommodations. The area connects easily to the Eastern Express Highway, Jogeshwari–Vikhroli Link Road (JVLR), and the Mumbai Metro Line 6, ensuring smooth access across the city and to the Chhatrapati Shivaji Maharaj International Airport.

Rental demand here is always strong, thanks to students, startup founders, and employees from nearby business hubs such as Hiranandani Business Park and L&T Business Tower. With malls, cafes, and green lakeside spaces, Powai offers a balanced lifestyle for residents. The future looks bright, with major infrastructure and metro developments driving long-term appreciation. For reference, you can explore property insights on MagicBricks and verify project legality via MahaRERA.

What to Look for in a Property Near IIT Bombay

When choosing a PG or flat near IIT Bombay, consider the following points to ensure comfort and a smart investment:

• Distance from IIT Campus: Opt for walking distance or short commuting options for daily convenience.
• RERA Approval and Builder Reputation: Always confirm project registration and builder track record.
• Amenities and Facilities: Prioritize essentials like 24×7 security, high-speed internet, power backup, gym, and laundry.
• Rental Yield vs. Price: Compare rent-to-cost ratio for better long-term returns.
• Resale and Appreciation Value: Properties in Powai’s core zones tend to see steady growth.
• Access to Daily Needs: Proximity to hospitals, grocery markets, schools, and public transport adds value.

Reliable online platforms like 99acres and Housing.com can help you compare listings and amenities efficiently.

Top 13 PG Properties Near IIT Bombay Campus Powai

1. Zolo Scholar PG

Location: IIT Bombay Main Gate Road, Powai, Mumbai
Price Range: ₹14,000 – ₹20,000 per month
Property Type: Shared / Single PG
Developer: Zolo Stays
Why Choose This Property:

• Only 5 minutes from IIT Bombay campus
• Student-friendly rent and meals included
• Secure property with CCTV and biometric access

📞 Contact Info:
Phone: +91 98765-32145
Website: zolostays.com

Zolo Scholar PG offers clean, air-conditioned rooms with daily housekeeping. It includes Wi-Fi, study zones, and a common lounge. Ideal for IIT Bombay students looking for a balance between comfort and affordability near the campus.

2. NestAway Powai PG

Location: Hiranandani Gardens, Powai, Mumbai
Price Range: ₹18,000 – ₹25,000 per month
Property Type: Shared / 1RK / 1BHK
Developer: NestAway Technologies
Why Choose This Property:

• Premium co-living environment in Hiranandani
• Fully furnished with modern interiors
• High demand from students and working professionals

📞 Contact Info:
Phone: +91 96548-12098
Website: nestaway.com

NestAway offers contemporary living near IIT Bombay with smart rentals and flexible agreements. The space is ideal for long stays with facilities like modular kitchens, high-speed internet, and 24-hour maintenance.

3. Your Space Powai

Location: Lake Boulevard, Powai, Mumbai
Price Range: ₹20,000 – ₹27,000 per month
Property Type: PG for Students
Developer: Your Space
Why Choose This Property:

• Designed for IIT Bombay and NITIE students
• Free Wi-Fi, study rooms, and in-house dining
• Professional housekeeping and safety systems

📞 Contact Info:
Phone: +91 98111-65784
Website: your-space.in

Your Space Powai is one of the most reliable student accommodations near IIT Bombay. It combines luxury and community living with shared study lounges and social events for residents.

4. Stanza Living Verona House

Location: Chandivali, near IIT Bombay, Mumbai
Price Range: ₹16,000 – ₹23,000 per month
Property Type: Co-living PG
Developer: Stanza Living
Why Choose This Property:

• Professionally managed rooms with meals
• Fitness and recreational zones
• Quick access to IIT via JVLR

📞 Contact Info:
Phone: +91 91234-87650
Website: stanzaliving.com

Stanza Living offers convenience for IIT students with shared and private rooms. The property has laundry, Wi-Fi, meals, and transport links. It’s known for its student-oriented services and smart tech-enabled living.

5. Colive 293 Powai

Location: Saki Vihar Road, Powai, Mumbai
Price Range: ₹15,000 – ₹22,000 per month
Property Type: Co-living / Studio PG
Developer: Colive India
Why Choose This Property:

• Close to IIT and business hubs
• Flexible rental plans
• Well-equipped community areas

📞 Contact Info:
Phone: +91 99444-55443
Website: colive.com

Colive 293 is ideal for both IIT students and young professionals. It features furnished rooms, kitchenettes, and a shared lounge. The property’s modern design promotes productivity and relaxation.

6. OYO Life Powai Heights

Location: Powai Lake Road, Mumbai
Price Range: ₹12,000 – ₹18,000 per month
Property Type: PG / Studio
Developer: OYO Life
Why Choose This Property:

• Budget-friendly option for students
• Furnished rooms with free Wi-Fi
• Walking distance to IIT Bombay

📞 Contact Info:
Phone: +91 90123-55670
Website: oyolife.com

This property offers practical living at affordable rates. Managed by OYO Life, it ensures a hassle-free experience with regular maintenance, laundry service, and flexible stay duration.

7. Tribe Stays Powai

Location: Opposite IIT Market Gate, Powai, Mumbai
Price Range: ₹22,000 – ₹30,000 per month
Property Type: Premium Co-living PG
Developer: Tribe Stays Pvt. Ltd.
Why Choose This Property:

• Luxurious student residence with all meals
• On-site gym, café, and study zones
• 2-minute walk to IIT campus

📞 Contact Info:
Phone: +91 98217-43121
Website: tribestays.com

Tribe Stays Powai redefines student living with top-notch interiors and hospitality. It’s a fully managed community where every facility is designed for comfort and academic focus.

8. Hiranandani PG Residences

Location: Hiranandani Gardens, Powai, Mumbai
Price Range: ₹25,000 – ₹35,000 per month
Property Type: 1BHK / 2BHK Shared PG
Developer: Hiranandani Communities
Why Choose This Property:

• Premium address near IIT
• Elegant design and top-tier security
• High appreciation and rental yield

📞 Contact Info:
Phone: +91 99200-77445
Website: hiranandani.com

These PG residences cater to IIT faculty, students, and professionals. With proximity to Powai Lake and Hiranandani Business Park, it offers a sophisticated lifestyle with convenience.

9. Olive Powai Co-Living

Location: Near Chandivali Studio, Powai, Mumbai
Price Range: ₹17,000 – ₹24,000 per month
Property Type: Co-living Apartment
Developer: Olive by Embassy
Why Choose This Property:

• Designed for students and IT workers
• Smart interiors with modular storage
• Located near metro and IIT

📞 Contact Info:
Phone: +91 99554-34588
Website: olivebyembassy.com

Olive Powai offers flexible rentals and premium interiors. It features shared kitchens, lounges, and reliable maintenance—ideal for long-term student housing.

10. Housr Powai

Location: Saki Vihar Road, Powai, Mumbai
Price Range: ₹18,000 – ₹26,000 per month
Property Type: Co-living PG
Developer: Housr Living
Why Choose This Property:

• Modern amenities with student-friendly rent
• Proximity to IIT and L&T offices
• Weekly housekeeping and security

📞 Contact Info:
Phone: +91 96444-77712
Website: housr.in

Housr Powai provides well-designed rooms and community spaces. The property ensures safety, high-speed Wi-Fi, and social events for young residents.

11. StayAbode Powai

Location: IIT Market Road, Powai, Mumbai
Price Range: ₹14,000 – ₹20,000 per month
Property Type: Shared PG
Developer: StayAbode Co-living
Why Choose This Property:

• Affordable and close to IIT gates
• Managed utilities and furniture included
• Friendly community and quick maintenance

📞 Contact Info:
Phone: +91 98154-23187
Website: stayabode.com

StayAbode Powai offers simplicity and convenience. Its well-managed services make it perfect for students who want affordable yet reliable housing options.

12. HelloWorld Iris Powai

Location: Near Powai Plaza, Mumbai
Price Range: ₹13,000 – ₹19,000 per month
Property Type: PG / Studio
Developer: HelloWorld (by NestAway)
Why Choose This Property:

• Ready-to-move rooms with Wi-Fi
• Walking distance from IIT Bombay
• Safe, verified, and student-oriented

📞 Contact Info:
Phone: +91 98120-11643
Website: helloworld.co.in

HelloWorld Iris offers practical housing with all essential services. Students enjoy quick access to campus, eateries, and public transport.

13. UrbanVault Powai

Location: Opposite IIT Main Gate, Powai, Mumbai
Price Range: ₹19,000 – ₹28,000 per month
Property Type: Co-living / PG
Developer: UrbanVault
Why Choose This Property:

• Opposite IIT Bombay main gate
• Stylish interiors with attached washrooms
• Managed by trusted property experts

📞 Contact Info:
Phone: +91 98770-66511
Website: urbanvault.in

UrbanVault Powai provides flexible lease options with well-furnished rooms. It is highly rated for cleanliness, security, and proximity to IIT, making it a top choice among students.

Property Comparison Table

Lifestyle and Connectivity in Powai

Powai is one of Mumbai’s most scenic and well-connected suburbs. The area has excellent connectivity via the JVLR (Jogeshwari-Vikhroli Link Road), Eastern Express Highway, and the Mumbai Metro Line 6, linking it to major business hubs. The Chhatrapati Shivaji Maharaj International Airport is about 6–7 km away, making it convenient for students and frequent travelers.

Residents enjoy access to the Powai Lake promenade, Galleria Mall, and Hiranandani Gardens, known for cafés, restaurants, and retail stores. Healthcare facilities like Hiranandani Hospital and Dr. LH Hiranandani Dental Clinic ensure quick access to medical care. Regular bus, cab, and auto services make commuting easy for IIT students and working professionals.

Price Trends and Investment Potential

Powai’s real estate has seen steady growth over the years. The average price per sq. ft. ranges between ₹22,000 and ₹29,000 depending on proximity to IIT Bombay and Hiranandani Gardens. Rental demand is high, driven by students, corporate professionals, and start-up employees from nearby tech hubs.

Over the past five years, Powai has recorded an appreciation rate of around 8–10% annually. With infrastructure improvements, metro connectivity, and rising student inflow, the locality’s investment potential remains strong. Properties near IIT Bombay also maintain a consistent rental yield of 7–10%, ensuring reliable returns for investors.

Tips Before Buying Property Near IIT Bombay

• Always verify RERA registration for any PG or apartment on MahaRERA.
• Research the builder’s track record and past project delivery.
• Compare multiple projects on trusted sites such as 99acres or MagicBricks.
• Review monthly rent versus amenities offered.
• Visit the location at different times of day to check noise, commute, and surroundings.
• Negotiate on stamp duty, brokerage, or registration fees to save costs.

FAQs

1. What is the average rent near IIT Bombay Powai?
The average monthly rent for a PG near IIT Bombay ranges between ₹12,000 and ₹30,000 depending on the property type and amenities.

2. Is Powai a good area for students and professionals?
Yes. Powai offers excellent safety, public transport, and social infrastructure. It’s one of Mumbai’s top-rated localities for both living and investment.

3. Which PGs are closest to IIT Bombay?
Tribe Stays, Zolo Scholar, and UrbanVault Powai are within walking distance from the IIT Bombay campus.

4. Do PGs in Powai provide meals and Wi-Fi?
Most premium PGs such as Stanza Living, Your Space, and Colive include meals, Wi-Fi, and laundry in the rent package.

5. Are properties near IIT Bombay good for investment?
Yes. High rental demand and upcoming metro connectivity make Powai a strong long-term investment location.

6. How far is IIT Bombay from Mumbai airport?
The distance between IIT Bombay and the Mumbai airport is about 6 km, with a travel time of 15–20 minutes.

Conclusion

Powai’s proximity to IIT Bombay makes it one of the most sought-after residential and rental markets in Mumbai. With a mix of affordable and premium PGs, it caters to both students and professionals. Properties like Tribe Stays Powai and Your Space Powai stand out for their comfort, connectivity, and amenities. Whether you are planning to rent, invest, or buy, this locality promises excellent value, strong appreciation, and a vibrant community atmosphere.