L&T ELIXIR RESERVE - IBIS — New Project Coming Up in Powai, Mumbai
L&T Elixir Reserve – Ibis Takes Shape in Powai
L&T Elixir Reserve Ibis is a residential project located in the well-connected Powai locality of Mumbai. The tower is one of four residential towers that make up the broader Elixir Reserve development on a 19-acre site, positioned on Saki Vihar Road, Krishna Nagar, Powai, Mumbai-400076.
Configuration and Pricing
The project features 247 units in a single tower, offering a mix of 1 BHK+1T and 2 BHK+2T apartments ranging from 272 sqft to 743 sqft. 1 BHK+1T units are priced from 1.66 crore and 2 BHK+2T apartments from 4.53 crore, depending on size and configuration.
Regulatory Status and Timeline
Possession is scheduled to begin 12 November 2026, and the project is RERA registered under P51800055830. The project is being developed by L&T Realty, known for its commitment to quality and timely delivery.
Powai as a Location
Powai is an upmarket residential area in Mumbai that has witnessed significant real estate demand in recent decades, known for its beautiful Powai Lake and the Hiranandani Complex. Built around the serene Powai Lake with lush greens, residences with panoramic views, luxury hotels, recreational centres, and seamless connectivity, Powai has transformed itself into one of the most distinguished lifestyle and cultural hubs of Mumbai.
Connectivity and Infrastructure
Powai is connected to the rest of the city by major roads such as the Jogeshwari-Vikhroli Link Road (JVLR), Eastern Express Highway, and Lal Bahadur Shastri (LBS) Road. Kanjurmarg railway station, located 4 kilometers away, is the nearest station on the central line of the Mumbai suburban rail network, and Powai has metro access with the SakiNaka metro station located just 3 kilometers away.
The region hosts the Indian Institute of Technology Bombay (IIT Bombay), which was built in 1958. There are several shopping complexes nearby, including D-Mart, Galleria, R City Mall, and leading hospitals like LH Hiranandani Hospital and Naval Hospital.
L&T Realty's Established Presence
Established in 2011, L&T Realty is the real estate arm of Larsen and Toubro and is one of the top real estate developers in India. Emerald Isle, Powai, completed and home to over 1,500 families, is spread across 19 acres with 10 acres of open spaces, and was L&T Realty's first major foray into Powai, establishing the developer's footprint in what is now one of Mumbai's most active residential sub-markets.