Established in 2011, L&T Realty is the real estate arm of the $23 billion Larsen and Toubro group. Its portfolio spans 6.50 million square metres — 70 million square feet — across residential, commercial, and retail developments in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, and Chennai. Mumbai remains the company's largest and flagship market. Within Mumbai, L&T Realty has built an identifiable arc of high-rise residential addresses across the southern half of the city: Island Cove in Mahim, The Gateway in Sewri, Elixir Reserve in Powai, and the now-completed Crescent Bay in Parel are the landmarks that define that arc. The choice of Sewri for its newest residential statement reflects a deliberate infrastructure thesis, not a speculative one.
Among all corridor-linked markets in Mumbai, Sewri appears best positioned to benefit from infrastructure-led transformation. Traditionally known for its port, industrial, and warehousing activities, Sewri has undergone a remarkable repositioning over the past decade and today occupies one of the most strategic locations in the city's transport network.
The catalyst that shifted institutional developer attention to Sewri is the Atal Setu. Sewri sits at the starting point of India's longest sea bridge — the 21.8 km Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, opened in January 2024. This engineering project transformed Sewri from an industrial pocket to a prime waterfront address: travel times to Navi Mumbai dropped from 90 minutes to just 20 minutes, with direct connectivity to the upcoming Navi Mumbai International Airport expected to further reinforce property values.
The second piece of infrastructure is the Sewri-Worli Elevated Corridor. More than a standalone road project, the corridor is designed to connect Atal Setu on the eastern waterfront with the Bandra-Worli Sea Link and the Coastal Road on the western seafront, creating a continuous high-speed mobility spine across Mumbai. Expected to be completed by 2026-end, the project will cut travel time between Sewri and Worli to approximately 10–15 minutes from nearly an hour during peak congestion.
Major employment hubs are already within range: BKC lies just 11–14 kilometres away, while Lower Parel, Dadar, and Worli are all within roughly 8 kilometres. Despite comparatively affordable prices relative to western Mumbai, Sewri's rental stock already offers an annual yield of 4.23 per cent, stronger than several premium western markets — suggesting the locality is gradually evolving into a premium residential destination in its own right.
L&T Realty announced an ambitious residential project in one of South Mumbai's emerging real estate hotspots, with plans for a mixed-use development consisting of both residential and retail spaces in Sewri West. The project is named L&T The Gateway.
The project offers a total of 314 units and is scheduled for possession in September 2028. The development rises across two towers. Residential configurations span 3 BHK at 1,258 and 1,444 sq ft, 4 BHK at 1,980 sq ft, and 4.5 BHK at 2,251 sq ft.
The project will be among the first major structures visible when entering the area from Navi Mumbai or the suburbs. Residences offer views of the Arabian Sea on the east and the South Mumbai skyline on the west, with an uninterrupted sight line across the Sewri mudflats — an area known for attracting flamingos in the winter months.
The property is located on Sewri-Chembur Road, which links to the Eastern Express Highway and the Sion-Panvel Expressway. Key landmarks nearby include the Ambedkar Nagar Metro Station and King Edward Memorial Hospital.
Pricing is indexed to the Sewri premium segment. The average price per square foot across configurations is approximately Rs 41,900. Overall pricing starts at Rs 5.70 crore onwards. The project carries RERA registration number P51900054969, confirming it is RERA approved under MahaRERA.
The Gateway was recognised as an Iconic Luxury Project at the Times Real Estate Conclave and Awards 2024–25.
The Gateway is not L&T Realty's first high-stakes bet on South Mumbai's eastern corridor. Crescent Bay in Parel is one of L&T Realty's most premium completed projects in South Mumbai — an ultra-luxurious gated community comprising six towers designed to form a crescent, offering uninterrupted east and west panoramic views. During Q4 2025, average property prices for Crescent Bay T6 moved from Rs 43,600 per sq ft to Rs 55,150 per sq ft, reflecting a 26.49 per cent rise in a single quarter — one measure of how the South Mumbai high-rise premium has compounded as infrastructure milestones have been crossed.
L&T Realty has also developed Emerald Isle in Powai and 77 Crossroads in Ghatkopar — projects that demonstrate the developer's consistent positioning in high-connectivity, infrastructure-adjacent locations across the city. Comprehensive in-house capabilities in design, sales and marketing, finance, construction, and project management mean that The Gateway is executed entirely within the L&T engineering and delivery system, not outsourced.
| Metric | Data Point |
|---|---|
| Average residential rate in Sewri | Rs 44,550 per sq ft |
| 3 BHK price range in Sewri | Rs 4 crore to Rs 8 crore |
| Annual price appreciation near MTHL interchange (since Jan 2024) | 12–15 per cent per annum |
| Atal Setu length | 21.8 km; reduces Navi Mumbai travel time to 20 minutes |
| Sewri gross rental yield | 4.23 per cent annually |
| Sewri-Worli Elevated Corridor travel time (projected) | Links Sewri to Worli, the Sea Link, and the Coastal Road via 4.5 km elevated route |
Buyers considering L&T The Gateway are, in effect, buying into two overlapping stories: the developer's own credibility in South Mumbai's high-rise premium segment, and Sewri's structural transition from a port-industrial address to a waterfront residential one.
Sewri is rapidly moving beyond its industrial, port-linked past to become one of Mumbai's most promising premium residential hubs, powered by two landmark infrastructure projects: Atal Setu and the Sewri-Worli Elevated Connector. The positioning of The Gateway — physically at the mouth of Atal Setu, with harbour and sea views — means that both infrastructure legs directly enhance the liveability and connectivity of this specific address.
With over 10 major projects launched between 2022 and 2025 by trusted names in Sewri, the market has significant momentum. That developer confidence acts as a signal that the location is fundamentally sound and set for high-quality, continuous development. L&T Realty's entry with a 314-unit, two-tower, RERA-registered project confirms its own reading of that signal.
Sewri is situated on the eastern edge of South Mumbai and includes the Sewri mudflats, an important wetland famous for attracting flamingos from October to March annually — a natural setting that is rare at this proximity to a major South Mumbai business district, and one that The Gateway's harbour-facing orientation is specifically designed to use.