Mayur Nagar, Mumbai

Mayur Nagar is located in Powai area of central Mumbai suburbs. It has a PIN code of 400076 and is close to popular localities of Kanjurmarg West, Kanjurmarg East and Vikhroli West. Mayur Nagar offers residential properties in a quiet neighbourhood while being well-connected to the rest of Mumbai via the busy Eastern Express Highway. It is an emerging location for buyers looking for housing options near Mumbai's commercial hubs. 

Mayur Nagar is home to a mix of young professionals, families and retired citizens. The locality has a relaxed lifestyle with a blend of urban amenities and greenery. Residents take pleasure in the clean and peaceful environment after a busy day at work. The culture is cosmopolitan yet has a small town vibe, where people know their neighbours. Festivals like Ganesh Chaturthi and Diwali are celebrated with fervour. Overall, it has a socio-culturally diverse community offering residents a balanced living.

Physical Infrastructure of Mayur Nagar

Mayur Nagar is well-connected via major transportation routes. The Eastern Express Highway and Northern Link Road are some of the major highways in close proximity. Hiranandani Powai bus depot, Vikhroli E Bus Depot provide public bus connectivity to different parts of Mumbai. The locality is also close to important railway stations like Vikhroli and Kanjurmarg that are serviced by the Mumbai suburban network. Two new metro stations - Jagruti nagar and Saki naka, part of the 33.5 km long Metro Line 7 further bolster connectivity. Residents can easily access both domestic and international airports from here. For their day-to-day needs, residents are served by branches of leading banks, police stations as well as fire stations within a 2-3 km radius.

Social and Retail Infrastructure of Mayur Nagar

The locality is well-equipped with social infrastructure and day-to-day amenities. For education, there are reputed schools like Eurokids, Happy Minds and Paspoli Municipal School in the vicinity. Residents can access top colleges including Maharashtra National Law University, Shailesh J Mehta Institute of Management and Indian Institute of Technology by taking the metro or bus. Dr. L H Hiranandani Hospital located near Powai provides multi-speciality healthcare. For retail therapy and entertainment, the upcoming Jagruti nagar metro station area is planned to house malls like Galleria Shopping Mall and R City Mall. Residents can fulfil their grocery and pharmacy requirements from the local market areas.

Real Estate Market Trends and Rental Demand in Mayur Nagar

The property rates in Mayur Nagar have steadily increased over the years due to strong connectivity and infrastructure development in the area. With the upcoming Jagruti nagar and Saki naka metro stations, housing and land prices are expected to appreciate further. The average price of residential plots ranges between Rs. 12,000-15,000 per sq.ft while 1 BHK and 2 BHK flats are available between Rs. 19-75 lakh. Rental yields are also decent at around 2-3% due to a steady influx of tenants comprising young working professionals and migrants employed in nearby commercial hubs like Powai and Kanjurmarg. The availability of social amenities, schools, hospitals and proximity to Mumbai city has enhanced the rental demand for tenants and landlords alike.

Top Employment Hubs nearby Mayur Nagar

Mayur Nagar is located in close proximity to some key employment centres of Mumbai. With easy connectivity options, residents can commute to these major commercial hubs with relative ease. Some of the top employment hubs near Mayur Nagar include:

• Hiranandani Business Park - 5.4km
• Powai Supreme Business Park - 5.3km
• Mirchandani Business Park - 5.3km
• Raiaskaran Tech Park - 5.8km
• Leela Business Park - 7km

Famous Sub-Localities in Mayur Nagar

Being a part of the Powai micro-market, Mayur Nagar is well-connected to other established localities in the area. Some of the famous sub-localities within 10-12 km of Mayur Nagar are:

• Morarji Nagar
• Krishna Nagar
• New Mhada Colony Chandivali
• IIT Area
• Jogeshwari Vikhroli Link Road

Top Things to Do in Mayur Nagar

Located in Mumbai's north-eastern suburbs, Mayur Nagar is well-connected to various prominent landmarks in the area that offer a host of things to do for residents. Some of the top things to do in Mayur Nagar are:

Powai Garden: 

A renowned Japanese garden near Powai Lake known for its aesthetically landscaped flowers, plants and trees. It is a popular hangout spot.

Powai Lake: 

Spread over an area of over 600 acres, it is one of the largest man-made lakes in Mumbai. Boating, bird watching, jogging and walking are some activities enjoyed here.

Vihar Lake: 

Located in Bhakti Park, it is surrounded by hills and thickets. A hotspot for morning and evening walks with family.

Dadasaheb Phalke Chitranagari: 

India's largest film studio complex located nearby in Goregaon. Home to various Bollywood film shootings.

Mahakali Caves: 

A complex of 7 rock-cut caves dating back to 6th century AD located near the Sanjay Gandhi National Park. Historic structure worth exploring.

Nehru Science Centre: 

Provides experience of various science discoveries through interactive exhibits and demonstrations at its planetarium.

Sanjay Gandhi National Park: 

Sprawling park known for its wildlife sanctuary and trekking trails. Borivali is the entry point near Mayur Nagar.

Conclusion

Mayur Nagar offers an ideal blend of conveniences for settled urban living. With its proximity to Mumbai city and developed social infrastructure, it makes for a suitable residential address.

What's Good:

• Connectivity to commercial hubs via road, rail and metro.
• Abundant green cover with parks and lakes nearby.
• Educational and healthcare facilities within the locality.
• Emerging real estate market with decent capital appreciation.
• Low population density providing relaxed ambience.

What's not Good:

While public transportation is improving, some aspects can still be better such as:

• Traffic congestion on arterial roads during peak hours.
• Lack of extensive retail and entertainment options.
• Insufficient affordable housing or rental options.
• Scope for more community parks and open spaces.
• Need for strengthening law and order to ensure safety.