New Launch - India Real Estate Report 2026.

Mhada Colony 20

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Avg. Rate

₹ 13,710/sq. ft

Locality rating icon

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)

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The Good

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.

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The Bad

Parking can be a challenge in the colony due to limited parking spaces.

Apna Janta Sahakari BankMumbai

Aurum Price Index for Mhada colony 20

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

₹ 13,710/sq. ft

Average Price Range

₹ 7,050 – 26,700

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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