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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

JVLR-Powai is a premium residential micro-market in eastern Mumbai bordering Kanjurmarg, Vikhroli, and Jogeshwari East. The official postal pin code of JVLR-Powai is 400076. This upscale area houses corporate professionals and features Powai Lake and the Indian Institute of Technology Bombay. Local families send children to Podar International School and visit Dr L H Hiranandani Hospital for medical needs. Kanjurmarg West Metro Station on Metro Line 6 is the nearest transit point located 2 km away. The Jogeshwari-Vikhroli Link Road links residents to Kanjurmarg Railway Station within a 12-minute drive. Property rates range from Rs. 22,000 to Rs. 31,000 per sq ft for multi-storey apartments driven by corporate offices.
| Locality | Property Price per sq ft* |
|---|---|
| JVLR-Powai mumbai | Rs. 22,000 to Rs. 31,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 40,000 to Rs. 50,000 |
| 2 BHK for rent | Rs. 55,000 to Rs. 68,000 |
| 3 BHK for rent | Rs. 72,000 to Rs. 85,000 |
Residential property values show steady long-term growth in this micro-market. Cumulative sale price appreciation reached 6.32% over the last three years. Modern apartments here are highly sought after by corporate buyers and families. Buyers can expect apartment prices from Rs. 22,000 to Rs. 31,000 per sq ft. The rental market experienced a massive cumulative growth of 60.51% over three years. Average monthly rents for standard apartments now range between Rs. 40,000 and Rs. 85,000. This high demand is sustained by professionals working in nearby commercial hubs. (* As of August 22, 2026)
Powai Lake is a prominent landmark in JVLR-Powai. Some more include:
JVLR-Powai is connected through Jogeshwari-Vikhroli Link Road and the following roads:
Kanjurmarg West Metro Station on the Metro Line 6 is the closest public transit option, located 2 km away. Some more include:
The nearest railway station and airport are Kanjurmarg Railway Station, which is located 3 km away, and others:
JVLR-Powai is well-equipped with numerous top educational institutions, such as Indian Institute of Technology Bombay and Podar International School, along with:
Some reputed healthcare places near JVLR-Powai include Dr L H Hiranandani Hospital, and others:
You can access Powai Plaza and Galleria Shopping Mall easily from JVLR-Powai mumbai. Some more include:
These localities are located around JVLR-Powai:
Here are some of the major employment centres near JVLR-Powai:
The popular landmarks within JVLR-Powai are:


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Reputed Mumbai Builders has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
