Avg. Rate
₹ 8,308/sq. ft
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)
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.
Traffic congestion during peak hours.
Normalized to 100 · Oct 2020 baseline
Timeline
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%)
Timeline
Average Rate
₹ 8,308/sq. ft
Average Price Range
₹ 4,250 – 16,200
Trend (5Y)
▲ 57.9%
Rates and Trends
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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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