Poonam Nagar, Jogeshwari East, Mumbai

Poonam Nagar is a sub-locality in Jogeshwari East, Western Suburbs, Mumbai. It is located in the western part of the city. The Poonam Nagar Jogeshwari East pin code is 400060. Poonam Nagar is close to several popular localities, such as Goregaon, Andheri, and Malad West, making it a well-connected hub for residents.

This locality's history is closely intertwined with Mumbai's urban development. Poonam Nagar has evolved into a thriving residential centre. Over the years, it has witnessed infrastructural growth, improved connectivity, and the emergence of various amenities. This evolution has attracted a diverse community, contributing to its dynamic character.

The demographics of Poonam Nagar are diverse, with people from different backgrounds and cultures living in the area. From young professionals to families, the locality accommodates individuals with different backgrounds. The people's lifestyle in Poonam Nagar reflects the cosmopolitan nature of Mumbai. Residents enjoy modern conveniences like shopping malls, restaurants, and entertainment centers. This fusion of cultures is often celebrated through festivals and local events, fostering a sense of unity among residents. 

Physical Infrastructure

Poonam Nagar Jogeshwari East infrastructure comprises well-developed roads, railways, flyovers, and expressways. In terms of connectivity transportation, Poonam Nagar is well-connected to the rest of the city via the Western Express Highway (through Jogeshwari - Vikhroli Link Road). The nearest metro stations to Poonam Nagar are Jogeshwari East metro station, Versova Metro Station, Azad Nagar Metro Station, Andheri Metro Station, D.N Nagar Metro Station and Western Express Highway Metro Station on the Metro line 1.

In addition, metro line 6 (Pink Link) will further connect the locality to Vikhroli. The presence of banks ensures convenient financial services for residents. Safety and security are prioritised with the proximity of police and fire stations, bolstering emergency response. The overall infrastructure elevates the quality of life in Poonam Nagar. For a visual representation of Poonam Nagar's location and layout, you can refer to the Poonam Nagar Jogeshwari East Map.

Social and Retail Infrastructure

The social and retail infrastructure in Poonam Nagar Jogeshwari East has a lot to offer. Several schools are located in and around Poonam Nagar, including Little Flower High School, St. Xavier's High School and MES Crescent English High School. This area also has many colleges, including Tolani College of Commerce and Ismail Yusuf College. Some of the colleges near Poonam Nagar are Shri Samarth Vidyalaya & Junior College Of Arts & Commerce, Lalji Mehrotra Technical Institute, and Tolani College of Commerce.

For healthcare needs, several hospitals are located near Poonam Nagar, including Holy Spirit Hospital and Konkan Hospital. In terms of shopping and entertainment, there are several malls located within 10-12 km of Poonam Nagar, including City Centre Mall. These facilities contribute to the convenience and overall well-being of the community, making Poonam Nagar an increasingly desirable place to live.

Real Estate Market Trends and the Rental Demand in Poonam Nagar

The real estate market in Poonam Nagar shows positive trends for both the commercial and residential sectors. The property rates for multistory apartments have shown a gradual increase at a rate of 11.7%. The average Poonam Nagar Jogeshwari East property price is ₹18,115 per sqft, having a price range of ₹10,857 - ₹33,138 per sqft. The rental rate has declined at the rate of 5.71%. The rental rates range from ₹26,000 - ₹71,500, with an average rent of ₹39,322.

The area also houses several commercial spaces ranging from offices to showrooms. The cost of buying a shop of 105 sq ft is ₹30 lakhs while ₹50 lakhs for 196 sq ft while the renting cost is ₹40,000 for a 400 sq ft and ₹12 lakhs for 18,000 sq ft property. The upward trend in the market is due to the area's well-developed social and retail infrastructure and its proximity to other popular localities. The area is well-connected to the various parts of Mumbai, and its strategic location also contributes to the increase in Poonam Nagar Jogeshwari East property rates and rental demand.

Top Employment Hub in or Nearby Poonam Nagar

Poonam Nagar, located in Mumbai, is surrounded by several bustling employment hubs that offer diverse job opportunities. Some of the top employment hubs near Poonam Nagar Jogeshwari East are as follows:

• Lotus Corporate Park - 3.3 Km
• Andheri MIDC - 3.6 Km
• SEEPZ SEZ - 1.6 Km
• NESCO IT Park - 3.7 Km
• Nirlon Knowledge Park - 4.2 Km
• Infinity IT Park - 8.5 Km

What are Some Popular Sub-Localities in Poonam Nagar?

Poonam Nagar is a locality in the Mumbai Metropolitan Region (MMR) of Maharashtra, India. It is known for its residential and commercial significance, making it a popular place to live and work. Within Poonam Nagar, several sub-localities and areas cater to its residents' diverse needs and preferences. Some of the popular sub-localities in Poonam Nagar include:

• Poonam Vihar
• Vallabhai Patel Road
• Greenfields Society
• Kalpataru Estate

Things to do in Poonam Nagar

Poonam Nagar offers a range of engaging activities for residents and visitors to enjoy. Some of the things to do in Poonam Nagar Jogeshwari East are as follows: 

Shopping:

Explore the vibrant street markets and explore malls such as the Infiniti Mall and Citi Mall.

Restaurants:

Indulge in a culinary journey at the Spice Of China, Lalco Cafe, and Grill Inn.

Parks:

Take a leisurely stroll through nearby parks such as the Shahid Ashok Kamte Park and the Matoshri Minatai Thakre Shilpagram.

Places of Workshop:

Experience spiritual diversity by visiting the Sai Baba Temple.

Conclusion

Poonam Nagar is a vibrant tapestry of experiences, offering a captivating blend of culture, entertainment, and tranquility. From the allure of street shopping to the modernity of malls, the area provides a spectrum of shopping delights. The spiritual mosaic of the area is equally captivating, with various places of worship representing Mumbai's religious harmony. Poonam Nagar encapsulates the essence of Mumbai's vibrancy, making it a destination that resonates with all who visit.

What is Good about Poonam Nagar?

The strategic positioning of Poonam Nagar benefits in the following ways:

Educational Diversity: Access to libraries, coaching centres, and vocational institutes supports continuous learning.

Religious Harmony: The presence of various places of worship fosters a harmonious coexistence of different faiths.

Professional Network: Access to nearby business districts fosters networking opportunities and career growth.

Social Infrastructure: The presence of community centres, libraries, and sports facilities encourages holistic development.

What’s not Great about Poonam Nagar?

While Poonam Nagar offers convenience, there are areas where enhancement could contribute to an even better living environment.

Slums: The area surrounding Poonam Nagar is home to several slums.

Shopping:Lack of Shopping Malls and shopping streets within the locality. Though it is somewhat close to malls and shops in nearby areas this locality is predominantly residential. 

Community Centers: Availability of more community centers for social gatherings.

Lack of Open Spaces: Poonam Nagar has limited open spaces for residents to engage in recreational activities.

High Cost of Living: Poonam Nagar's cost is relatively high compared to other areas in Mumbai.

Hospitals:Lack of good and popular Hospitals close to this area.