Meghwadi, Indira Nagar, Jogeshwari East, Mumbai

Meghwadi is a popular residential neighbourhood located in Indira Nagar, Jogeshwari East in the Western Suburbs of Mumbai. Meghwadi PIN code is 400060, it is well connected to other localities like Jogeshwari West, Amboli and Andheri East. As one of the major residential areas of Mumbai, Meghwadi offers several housing options for home buyers and investors alike with easy access to schools, hospitals, retail outlets and commercial spaces.

Meghwadi is a diverse neighborhood, home to people from different social and economic backgrounds. It attracts both young starters as well as families with its affordable housing options. Given its location in a busy Western Suburb, residents mostly belong to an active urban lifestyle. As a mixed community with people from different parts of India, the culture here is colorful. Festivals like Diwali, Holi and Ganesh Chaturthi are celebrated with much fervor. The locality has a vibrancy of cultures living together in harmony.

Physical Infrastructure of Meghwadi

Meghwadi is well-connected via various modes of transportation. Jogeshwari and Ram Mandir railway stations on the Western Line provide rail connectivity. Residents can also use Bandra-Kurla Complex, Chakala, and Andheri metro stations nearby on the Mumbai Metro One line. The locality has excellent road connectivity as the busy Western Express Highway passes through it. For internal transport, BEST buses ply on main roads connecting it to other parts of Mumbai. 

Social and Retail Infrastructure of Meghwadi

The locality is well-served in terms of social infrastructure with schools like Municipal Pahadi School, Nandadeep Vidyalaya and IB Patel School. Residents can pursue higher education at nearby colleges such as Institute of Indian Culture and Shri Chinai College of Commerce & Economics. Holy Spirit Hospital and Seven Hills Hospital provide healthcare facilities. For entertainment and shopping, The Hub Mall, Infinity Mall and Oberoi Mall are easily accessible from here. These malls host national and international brands along with food courts and movie theaters. The vibrant social infrastructure adds to the value of living in Meghwadi.

Real Estate Market Trends and Rental Demand

The real estate market in Meghwadi has been growing steadily over the years. Benchmarked against other localities in Mumbai, property rates in this area are relatively affordable with average prices ranging between ₹15000-19000 per sqft. This affordability coupled with excellent social, retail and connectivity infrastructure has boosted buyer demand over time. Similarly, rental demand from tenants has also increased significantly. Landlords can fetch decent monthly rentals ranging from ₹15,000-25,000 for 2BHK and 3BHK apartments respectively. Proximity to commercial hubs and availability of amenities has made Meghwadi attractive for investors and end-users alike. Both buy and rent trends are expected to remain positive.

Top Employment Hubs Nearby Meghwadi

Meghwadi is located in close proximity to some of the major commercial hubs of Mumbai that serve as key employment centres. Due to these, getting jobs is usually not a problem for locals. Some of the top employment hubs near Meghwadi include:

• The Business World - 1km
• Hubtown Viva - 1.5km
• A Business Hub - 1.8km
• Technopolis Knowledge Park - 3km
• Ackruti Softech Park - 3.5km

Famous Sub-Localities near Meghwadi

Being a large locality, Meghwadi comprises many sub-areas that have come up over the years. Home buyers and renters can choose from these local pockets as per their needs and budget. Some of the most popular landmarks in Meghwadi include:

• Jogeshwari East
• Jogeshwari West
• Amboli
• Andheri East
• Vile Parle West

Top Things to Do in Meghwadi

With its close proximity to main Mumbai, residents of Meghwadi are never short of things to do to keep themselves entertained. With easy access to major hubs, one can explore a wide range of landmarks within half an hour drive. Some of the most popular landmarks in and around Meghwadi include attractions like:

Mahakali Caves

Located off Andheri Kurla Road, the caves are a spectacular complex of shrines dating back to 1st century BC. Beloved amongst tourists and devotees.

Jogeshwari Caves 

Situated near Jogeshwari rail station, these tranquil caves carved in hard basalt comprise various shrines of Lord Shiva and Lord Ganesha. Ideal for morning walks.

Powai Garden 

Spread over 80 acres along the Powai Lake, this manicured garden is home to exotic plants and trees. Popular for jogging and weekend picnics with family.

Powai Lake 

A scenic 115-acre artificial lake, the largest in Mumbai. Boating, bicycling and fishing are allowed here. Makes for relaxing evenings near home.

Dadasaheb Phalke Chitranagari

One of the most prominent film studios located near IIT Powai campus. Home to award-winning films and a must visit for movie buffs. Guided tours available.

Conclusion

Meghwadi is one of the most well-connected and developed localities in Mumbai. It offers residents:

• Excellent social infrastructure with schools, hospitals and entertainment options nearby.
• Robust physical connectivity in terms of road, rail and metro network.
• Developed retail hubs and commercial centres within 10 km.
• Affordable yet appreciating real estate market.
• Proximity to IT hubs providing ample job opportunities.

While infrastructure is being upgraded constantly, some aspects could see improvement such as management of solid waste and increasing green cover. Traffic congestion also remains an issue during peak hours. However, the benefits outweigh these limitations, making Meghwadi a desirable residential address.