Avg. Rate
₹ 13,710/sq. ft
Locality Rating
4.7/10
Mhada Colony 20, located in the upscale suburb of Powai in northeastern Mumbai, is a well-planned residential enclave developed by the Maharashtra Housing and Area Development Authority (MHADA). Established to provide affordable housing for middle- and lower-income groups, the colony has evolved into a stable, community-driven neighborhood with a mix of long-term residents and working professionals. Its proximity to key IT hubs and educational institutions has contributed to steady demand for housing, despite limited new developments. The locality offers a balanced lifestyle with access to green spaces, basic civic infrastructure, and essential amenities. Residents benefit from wide internal roads, planned layouts, and pockets of greenery that enhance the living environment. While the buildings are primarily mid-rise and functional in design, the area maintains a clean and lived-in character, supported by MHADA’s maintenance framework and active resident cooperation. Real estate in Mhada Colony 20 is characterized by a limited inventory, with only two major residential projects contributing to a tight supply-demand dynamic. The average price for a 2BHK apartment stands at approximately Rs. 2.1 crore, translating to Rs. 33,417 per sq. ft., reflecting its desirable location within East Mumbai’s premium Powai belt. Continued interest from end-users, rather than investors, underscores its reputation as a stable, long-term residential option.
Region
Powai
City
Mumbai
District
Mumbai
State
Maharashtra
Pincode
400076
Population
9,250
Nearest Airport
Chhatrapati Shivaji Maharaj International Airport (BOM)
The colony is close to several markets, including the famous Powai Market, which offers a range of products and services.
The locality is home to several reputed educational institutions, including the Indian Institute of Technology (IIT) Bombay, Powai College, and other schools and colleges.
The locality is close to several reputed healthcare facilities, including hospitals and medical clinics.
Parking can be a challenge in the colony due to limited parking spaces.
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
₹ 13,710/sq. ft
Average Price Range
₹ 7,050 – 26,700
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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