L&T Realty Crestoria Estate brings 2 to 4 BHK homes to Panvel
Published
L&T Realty has launched L&T Realty Crestoria Estate, a residential estate on the Old Mumbai-Pune Highway at Bhokarpada in Panvel, Navi Mumbai. The project is listed as a new launch and offers 2, 3 and 4 BHK apartments across five towers of G+30 floors. It sits within a 35-acre freehold land parcel, and the first phase covers 10 acres.
For buyers, the launch brings a premium gated estate to a locality that has seen steady infrastructure activity in recent years. Homes start at Rs 1.18 crore across configurations, and the average rate for the project is Rs 10,294 per sq ft. Booking is open against an expression of interest of Rs 2 lakh, with a construction-linked payment plan. This is the developer's latest residential launch in the Navi Mumbai region, and it is presented as a planned township rather than a single building.
Project details for buyers
The project comprises 258 sanctioned units across five towers. Carpet areas range from 785 to 849 sq ft for 2 BHK homes, 1,070 to 1,441 sq ft for 3 BHK homes, and 1,779 to 1,796 sq ft for 4 BHK homes. Some 3 BHK layouts include a study, and select 3 and 4 BHK homes come with large decks and a separate servant room. Unit plans for the 785 sq ft and 849 sq ft layouts have been published, along with 3D floor plans.
Interiors feature vitrified tiles, granite kitchen platforms and stainless steel sinks. The double-height reception lobby includes a sculptural chandelier and a spiral staircase linking to a café.
The project is registered with MahaRERA under five tower-wise registrations:
- Tower 1: PR1270002502927
- Tower 2: PR1270002502892
- Tower 3: PR1270002502891
- Tower 4: PR1270002502890
- Tower 5: PR1270002502889
The developer targets possession on 1 December 2029, and the registered possession date is 1 September 2030. Construction stood at 30 percent completion as of 8 September 2026. The commencement certificate has been received, and the legal documents, including the title report, are available for review before booking. The land is freehold.
The estate offers more than 40 amenities, including a clubhouse, swimming pool, gymnasium, badminton courts, a jogging track, a multipurpose hall, a football field, tennis court, mini golf course, fitness court, fruit orchard, amphitheatre, children's play area and high street retail. Security includes gated entry, CCTV surveillance and 24/7 guards. Parking is provided at one spot per unit at ground level, and the estate has power back-up and water storage.
The location
Bhokarpada is on the Old Mumbai-Pune Highway (NH-48), close to the Sion-Panvel Expressway and the Mumbai-Pune Expressway, which begins at the Kalamboli junction near Panvel. The Atal Setu, opened in January 2024, links Sewri in Mumbai with Chirle in Navi Mumbai over a length of 21.8 km.
Navi Mumbai International Airport is about 20 minutes away by car, and it began commercial operations on 25 December 2025. Panvel railway station, served by the Harbour and Trans-Harbour lines, is about 4 km by road. Chowk railway station, 4.8 km away, is an upcoming station. NMMT bus route 77 connects Panvel with Bhokarpada.
Nearby landmarks include Orion Mall in Panvel, DAV Public School, Delhi Public School and St. Wilfred's School and College, and hospitals such as MGM Hospital, Lifeline Hospital and Panacea Hospital. Hiranandani Fortune City, a township spread across more than 350 acres, is also on the Old Mumbai-Pune Highway in Bhokarpada.
Market figures for Panvel show an average flat rate of about Rs 13,750 per sq ft in 2026, while New Panvel averages around Rs 13,500 per sq ft and Old Panvel around Rs 10,050 per sq ft. Rates in the Bhokarpada, Vardoli and Shedung fringe are estimated at Rs 8,500 to 10,500 per sq ft.
About the developer
L&T Realty was established in 2011 as the real estate arm of the Larsen & Toubro group. The company has a portfolio of about 70 million sq ft across residential, commercial and retail developments, with a presence in Mumbai, Navi Mumbai, the National Capital Region, Bengaluru, Hyderabad and Chennai. It has completed more than 13 projects and delivered over 25,000 homes. The company is led by Shrikant Joshi, CEO and Managing Director.
What comes next
Bookings for the project are open with an expression of interest of Rs 2 lakh. Buyers can explore the payment plan, which is linked to construction stages and supports loans of up to 90 percent of the property cost. Visits to the sales office on the Old Mumbai-Pune Highway will show the layouts and show homes ahead of construction milestones. Further updates on construction progress and tower completions will follow as the project moves toward its targeted possession date. Details of the project are also available on the L&T Bhokarpada project page.