Powai Lake (named after Framaji Kavasji Powai Estate) is an artificial lake, situated in Mumbai, in the Powai valley, where a Powai village with a cluster of huts existed. The city suburb called Powai shares its name with the lake. Indian Institute of Technology Bombay, one of the premier institutions of science and technology in India, is located to the east of the lake. Another famous institution, the National Institute of Industrial Engineering (NITIE), is also located close to the lake. Housing complexes and plush hotels are developed all around the lake periphery.