Recently received an email from a reader who’s concerned about the real estate situation in Powai, particularly the unavailability of property despite all the construction going on. He wonders whether there’s a need for an informational website to facilitate transparent real estate transactions. What are people’s opinions and experiences regarding real estate dealings in Powai?

He writes:

What’s with real estate in and around Powai?

I see a lot of construction activity in and around Powai, but whenever I ask Estate Agents it elicits the response that there is nothing available. I therefore think that we need a good site where all end users/sellers can post their availability/requirements and undertake quick transactions. This will bring the same transparency in real estate dealings as in stocks. Just wanted to check with a broader audience whether this is a good idea?