New Launch - India Real Estate Report 2026.

LOK Milan Colony

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Avg. Rate

₹ 8,308/sq. ft

Locality rating icon

Locality Rating

4.7/10

LOK Milan Colony is a well-developed residential locality situated in Powai, a prime suburb in the eastern part of Mumbai. Developed in the 1990s as part of the Hiranandani Group's township expansion, it forms an integral part of the larger Hiranandani Powai enclave, known for its planned infrastructure and green spaces. The colony features a mix of independent houses, row houses, and mid-rise apartment complexes, offering a balanced living environment for families and professionals seeking tranquility with city access. Nestled near the scenic Powai Lake and surrounded by lush greenery, LOK Milan Colony provides a peaceful retreat from Mumbai’s urban chaos while remaining well-connected to key commercial hubs. Residents benefit from proximity to educational institutions like Hiranandani Foundation School, healthcare facilities such as Columbia Asia Hospital, and shopping destinations including Inorbit Mall and Phoenix Marketcity. The area also boasts community amenities like Lok Milan Park, which serves as a social and recreational hub. Real estate in LOK Milan Colony is characterized by steady demand, with an average 2BHK property priced at Rs. 2.55 Crore and average price per sq ft at Rs. 36,525. Despite limited new launches — only two major projects recorded recently — the area remains attractive due to its established infrastructure, security, and family-friendly environment. Its location in Mumbai’s East Zone (PIN 400072) positions it favorably for those working in IT parks, educational institutions, and healthcare centers in the vicinity.

Region

Powai

City

Mumbai

District

Mumbai

State

Maharashtra

Pincode

400072

Population

9,000

Nearest Airport

Chhatrapati Shivaji Maharaj International Airport (BOM)

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The Good

Lok Milan Colony is home to the renowned Hiranandani Foundation School, which is one of the top schools in Mumbai.

Lok Milan Colony offers affordable housing options, making it an attractive choice for those looking for a comfortable and affordable living space.

The colony has several shopping options, including markets, malls, and convenience stores.

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The Bad

Traffic congestion during peak hours.

Aurum Price Index for Lok milan colony

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

Property Listing Trends

(12%)

RERA Inventory & Sales Velocity

(13%)

IGR Transaction Data

(15%)

Rental Yield

(10%)

Pollution & Environment

(08%)

Infrastructure & Connectivity

(13%)

Social Infrastructure

(08%)

Crimes & Safety

(08%)

Political Stability

(06%)

Corruption & ease of doing business

(07%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

₹ 8,308/sq. ft

Average Price Range

₹ 4,250 – 16,200

Trend (5Y)

▲ 57.9%

Nearby Neighborhoods

Chandivali

Chandivali, a well-established suburb nestled in the Powai valley of Mumbai’s Eastern Suburbs, has evolved from a quiet residential enclave into a premium urban micro-market. Bordered by the scenic Powai Lake to the west and the Sanjay Gandhi National Park to the north, the locality combines natural serenity with modern infrastructure. Over the past two decades, Chandivali has seen significant real estate growth, attracting both homebuyers and investors seeking proximity to business hubs without compromising on green living. The area is home to a mix of mid-rise and high-rise residential towers, many developed by reputed builders, alongside commercial offices and institutional setups. Its strategic location offers quick access to key employment centers like Andheri Kurla Complex, Hiranandani Estate in Powai, and the IT parks of Vikhroli. With the Western Express Highway and Jogeshwari-Vikhroli Link Road (JVLR) forming its western and eastern boundaries, Chandivali enjoys seamless connectivity across Mumbai. Chandivali’s real estate market remains robust, with an average 2BHK property priced at approximately Rs. 1.88 crore and average price per square foot at Rs. 31,506. The presence of reputed schools, hospitals, and shopping centers enhances its appeal, making it a preferred choice for families and professionals. Despite rising property values, the area maintains a balanced lifestyle with parks, temples, and community centers contributing to its liveability.

Avg. Rate

₹ 18,497/sq. ft

Locality Rating

6.3/10

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Frequently Asked Questions

The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in

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