21/07/2026
Powai was a jungle in 1980.
Literally. The area had no roads worth driving on, no metro, no malls. Just a lake, dense trees, and land nobody wanted.
Niranjan Hiranandani bought that land anyway.
Most people in Mumbai’s real estate market called it a bad bet. Too far from the city. No infrastructure. No demand. Why would anyone move there?
He built roads himself when the government didn’t. He built schools, hospitals, and commercial complexes alongside the residential towers, because he understood that people don’t just buy homes, they buy a life around the home.
By 2000, Powai had become one of Mumbai’s most desirable addresses. IT companies followed. Startups set up offices. Property prices multiplied.
Today, Powai commands â‚ą55,000+ per sq ft for residential a in an area that was unmarketable 35 years ago.
The lesson isn’t about Hiranandani. It’s about what happens when infrastructure meets vision in the right location at the right time.
Mumbai has two or three such pockets quietly emerging right now.
The question is whether you’re watching them.
Possessions | Mumbai & Powai Property Experts
RealEstateIndia
