Powai is an upmarket commercial and residential neighbourhood located in the north-east of Mumbai. It is situated on the banks of Powai Lake, and is bounded by the hills of Vikhroli Parksite to the south-east, Chandivali to the south-west, the L.B.S. Marg to the north-east. Many residential townships and complexes are located here along with a number of hotels, malls and the offices of several commercial institutions and start-ups. Powai is often referred to as Mumbai's Powai Valley as it has become one of Mumbai's major start-up hubs. The IIT Bombay is situated in this area. Powai has a modernized culture being a cosmopolitan locality.
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