1.39 Cr - 2.58 Cr
L And T Veridian At Emerald Isle 13A And 13B
Studio, 1, 2 BHK Studio Flat,Flats
Chandivali, Powai,Mumbai
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Last updated: Apr 12, 2025
IBIS At L And T Realty Elixir Reserve
RERA
part of L And T Elixir Reserve
By L&T Realty
Paspoli, Powai, Central Mumbai Suburbs, Mumbai
1.03 Cr - 2.81 Cr₹37.81 K/sq.ft
Price excludes maintenance, floor rise cost, stamp duty, registration, GST etc.See More
Save
+ 9 more
1 RK, 1, 2 BHK Apartments
Configurations
Dec, 2026
Possession Starts
₹37.81 K/sq.ft
Avg. Price
272.00 - 744.00 sq.ft
(Carpet Area)
Sizes
Other Phases:
Possession Jul, 2029
Prinia At L And T Realty Elixir Reserve
1 Building
3,4 BHK•1232 - 1956 sq.ft.
RERA |P51800055625 
Possession Aug, 2028
Dove At L And T Realty Elixir Reserve
1 Building
3,4 BHK•950 - 1963 sq.ft.
RERA |P51800055488
Possession Apr, 2028
Cygnus at L and T Realty Elixir Reserve
1 Building
3,4 BHK•1280 - 1989 sq.ft.
RERA |P51800055987
Possession May, 2025
L And T Elixir Reserve Iora
1 Building
2,3 BHK•632 - 1131 sq.ft.
RERA |P51800033984
Possession Apr, 2025
Cafer At L And T Realty Elixir Reserve
1 Building
3,4 BHK•1261 - 1852 sq.ft.
RERA |P51800034053
Property Location
Paspoli, Powai, Central Mumbai Suburbs, Mumbai
Around This Project
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IBIS At L And T Realty Elixir Reserve Overview
Project Area 0.2 Acres |
Sizes 272 - 744 sq.ft. |
Project Size 1 Building - 247 units |
Launch Date Apr, 2024 |
Avg. Price 37.81 K/sq.ft |
Possession Starts Dec, 2026 |
Configurations 1 RK, 1, 2 BHK Apartments |
Rera Id P51800055830Check RERA Status |
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PENNYWISSE
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Price & Floor Plan
- 1 RK Apartment1.03 Cr - 1.49 Cr
- 1 BHK Apartment1.44 Cr
- 2 BHK Apartment2.81 Cr - 2.81 Cr
- 272 sq.ft
- 393 sq.ft
₹ 1.03 Cr
Carpet Area
272 sq.ft
Rera ID
P51800055830
Possession Status
Dec, 2026
Photos & Videos: Tour this project virtually
Project Tour & Photos
+8
Project Amenities
Entrance Lobby
Recreation Facilities
Swimming Pool
Solid Waste Management And Disposal
Landscaping & Tree Planting
Water Conservation, Rain water Harvesting
Gymnasium
Electrification(Transformer, Solar Energy etc)
Community Buildings
Squash Court
Closed Car Parking
+9 more
Project Specifications
Floor & Counter
Floor & Counter
Living/Dining Vitrified Tiles
Master Bedroom Vitrified Tiles
Other Bedroom Vitrified Tiles
Fitting
Fitting
Toilets CP fittings
Kitchen Granite platform with stainless steel sink
Doors Flush Door
Wall & Ceiling
Wall & Ceiling
Interior Distemper Paints
Exterior Distemper Paints
Resident reviews for
Powai
Ratings based on features
Good things here
Things that need improvement
Traffic congestion
Noise pollution
Water shortage in some areas
All resident reviews (144 reviews)View All
Gautam
Owner | 5 months ago
Good things here
Mumbai's Powai area is a vibrant and rapidly growing neighbourhood that offers a perfect blend of urban convenience and natural beauty. Nestled around the picturesque Powai Lake, the locality boasts a scenic backdrop that adds charm. The well-planned area has excellent infrastructure, making it one of Mumbai's most sought-after residential and commercial hubs. Powai is known for its premium residential complexes, top-notch educational institutions like the Indian Institute of Technology IIT, and global corporate offices, making it an ideal location for professionals and families. The area also has a lively social scene with numerous cafes, restaurants and shopping centers, such as the popular Galeria Mall. read more
Things need improvement
Powai, though known for its scenic beauty and modern infrastructure, faces several challenges. Traffic congestion is a frequent problem, with narrow roads and ongoing construction causing regular jams, especially during peak hours. The cost of living is also notably high, with expensive real estate and daily expenses making it difficult for those on a budget. Waterlogging has become a growing concern as the area has seen a rapid influx of residents and corporate offices, resulting in parking shortages and crowded public spaces. The lack of direct public transportation, particularly no suburban railway access, forces residents to rely on buses and private vehicles, adding to travel time and costs. read more
Kundan Singh
Owner | 5 months ago
Good things here
This locality has grown to feel like a well kept secret in mumbai. Nestled neat the serene powai lake,chandivali boasts a tranquil environment that's a rare find the bustling city. The development of residential complexes over the years had brought modern amenities while retaining a certain peaceful charm. Its connectivity is relatively good,with access to the western express highway making commutes to other parts of mumbai manageable. read more
Things need improvement
The growth in residential and commercial projects has led to increased traffic, particularly on the roads leading to the locality,causing congestion during peak hours. Noise from nearby construction sites and occasional crowd at local hotspots can sometimes disrupt the peaceful setting. Additionally,while the area is generally well developed,some parts still struggle with infrastructure issues, such as irregular water supply. read more
Sunil
Owner | 5 months ago
Good things here
Prime location close to Powai Lake IIT Bombay and business hub with well maintain road and lots of green spaces secure gate community with 24 7 security affordable property price and utility cost basic amenities basic Amity is like market school and hospital distance vibran neighbourhood with cooperative resident read more
Things need improvement
Area faces traffic condition during its peak hours with lots of noise pollution proximity to eastern highway limited an inadequate parking space for resident and visitors managing committee not working properly read more
sonia
Tenant | 6 months ago
Good things here
This is the best locality i have ever seen in mumbai the restaurant hospital and local market are easily accessible the autos cabs and the public transport are easily available in day and night no electricity issue or water shortage issue faced well lit lights are available at night and no history of crimes in neighbourhood read more
Things need improvement
The main things i didn't like about this locality are the roads are not well maintained properly potholes are there on roads and clogging of water during monsoon season makes things pathetic read more
Sudeep
Owner | 7 months ago
Good things here
Neat & clean done up 1BHK flat in Powai with modular kitchen, cabinets, stove with gas pipeline; built-in wardrobes & storage in bedroom with geyser;2nd washroom for guests,TV unit in hall, double bed in bedroom with A/C. A gated community with 24X7 security, water, electricity & gardens. Adjacent to public garden, school & banks. read more
Things need improvement
Roads still can be improved and construction work for Metro line should speed up so that commuting becomes more easy read more
Price Trends for Powai
(Apartments)-5.79%
depreciation in avg. price / sq.ft (Built-up Area) for Powai in last 1 year
+
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Locality(Apartments)
Powai
-5.79%
Last 1 Year
₹23.2 K/sq.ft
Avg. rate
Project Brochure
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Explore Neighbourhood - Map View
Locality Guidefor Powai, Mumbai
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Locality Overview Video
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Powai is an upscale residential neighbourhood located in central Mumbai. It is situated on the banks of Powai Lake. Powai started flourishing with the Indian Institute of Technology (IIT), Bombay, in the 1950s.The area is dominated by developers like Hiranandani, Wadhwa Group, Kanakia, Ekta World, and K Raheja. Powai has Sanjay Gandhi National Park to its north, Jogeshwari - Vikhroli Link Road (JVLR) to its west, and L.B.S. Road to its east. The presence of Powai Lake and greenery make it a desired residential destination. Besides IIT Bombay, Powai also houses educational institutions like Bombay Scottish School, Poddar International School, Hiranandani Foundation School, and Gopal Sharma Memorial School. Dr L H Hiranandani Hospital is a prominent hospital in the region. Galleria Shopping Mall and R City Mall are located within 15 mins of the locality. Powai itself has several office complexes such as Hiranandani Business Park, Hiranandani Kensington SEZ, and other standalone buildings that house companies including Schindler India Pvt Ltd and CRISIL Bayer TCS, Cognizant, Nomura, and Deloitte. All these features and amenities make Powai an attractive and reliable place to live in.
Read More
What is good here
- Metro connectivity through Saki Naka Station, which is 3.4kms away is available
- Roads are smooth and carpeted
- There are plenty of street lights on the streets of Powai
- Gopal Sharma Memorial School is a co-ed school affiliated to SSC Board
- Dr. L H Hiranandani Hospital, founded in honour of Padma Bhushan Dr. Hiranandani, is one of the best hospitals in Mumbairead more
- Spencer's is a popular retail store which sells premium products at a reasonable priceread more
- Powai is always buzzing with nightlife
- There are abundant street lights on the road
- Police patrolling takes place at night
- Heritage Garden is a amusement park in Mumbai. It is filled with greenery
- Powai is mostly a hygienic place to live in
- Authorities plan to increase green belt along banks of Mithi Lake in Powai
- The potential rate for appreciation is 9%- 9.7% Y.o.Y
- Hiranandani Business Park in Powai is a commercial hub for many companies
- Eastern Express Highway is the most prominent highway found in Powai
What can be better
- Due to waterlogging during monsoons in several parts, the roads are badly affected
- Aarey Colony Road, used for travelling towards western suburbs and routes towards Saki Naka face traffic jams read more
- Illegal parking on various roads cause congestion
- There are some streets in the locality which are deserted at night
- Some streets lights are damaged and don’t light up properly
- Illegal hotels found, which are functioning without any proper licenses
- Lack of public parks in the locality
- Lack of green spaces in Powai
- Due to heavy traffic commotion is created which also creates noise pollution
- Presence of Hanuman Tekdi slum colony near IIT Bombay, affects housing rates negativelyread more
- Residents demand more highways in Mulund West
- Highways should be better maintained
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AMENITIES
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About Developer
L&T Realty2011Established In 60Total Projects
2011
Established In
60
Total Projects
Established in 2011. 13+ Mixed use & gated communities. L&T Realty is the real estate arm of Larsen and Toubro and a trendsetter amidst real estate developers in India. With an extensive portfolio spanning 70 mn. sq. ft. across Residential, Commercial and Retail developments, the company is currently present in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad and Chennai. L&T Realty is committed to creating landmarks of excellence and providing customer delight at every touch point, through design innovation and operational excellence. The business has built a reputation of standing by its promises and embracing the power of digitization and new technologies into its core strategy for growth. Comprehensive in-house capabilities including Design, Sales and Marketing, Finance, Construction and Project Management are our key differentiators. L&T Realty upholds the well-being of the community and the environment as an important way to build trust with customers, employees and the society at large.
L&T Realty is the real estate arm of Larsen and Toubro, the USD 21 billion conglomerate. Today, L&T Realty is a trendsetter amidst real estate developments with its presence across Mumbai, Bengaluru and Hyderabad. Each development is planned with an aim to enrich experiences, integrate communities and elevate life. Leveraging the
values of the parent company, Larsen and Toubro, L&T Realty is now synonymous with expertise, trust, quality and commitment. It values the same professionalism and distinction that defines new paradigms for all stakeholders by integrating value creations and best environmental practice.
Read MorePossession status:
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Frequently Asked Questions
What is the pin code of IBIS At L And T Realty Elixir Reserve?
IBIS At L And T Realty Elixir Reserve is located in Powai, Mumbai. The pin code of IBIS At L And T Realty Elixir Reserve, Powai is 400076.
What is the price range of IBIS At L And T Realty Elixir Reserve?
IBIS At L And T Realty Elixir Reserve offers 1 RK, 1 BHK, 2 BHK. The price range of these units are as follows:- 1 RK - From Rs. 1.03 Cr to Rs. 1.49 Cr, 1 BHK - Starts from Rs. 1.44 Cr, 2 BHK - Starts from Rs. 2.81 Cr.
What is the starting price of IBIS At L And T Realty Elixir Reserve?
The price of IBIS At L And T Realty Elixir Reserve starts from Rs. 1.03 Cr.
How many floors are available in IBIS At L And T Realty Elixir Reserve?
There are 1 towers with 25 floors each, in IBIS At L And T Realty Elixir Reserve.
Where to download IBIS At L And T Realty Elixir Reserve brochure?
You can download the brochure of IBIS At L And T Realty Elixir Reserve through this Link. Alternatively, you can scroll to the brochure section on this page to find details like floor plan, offers, amenities and more about IBIS At L And T Realty Elixir Reserve.
What are the other projects done by L&T Realty in Mumbai?
Where is IBIS At L And T Realty Elixir Reserve located?
The IBIS At L And T Realty Elixir Reserve is located in Paspoli, Powai. View all Projects in Powai
What are the nearby projects to IBIS At L And T Realty Elixir Reserve?
What are the possession status and possession date of IBIS At L And T Realty Elixir Reserve?
The possession status of IBIS At L And T Realty Elixir Reserve is Under Construction and is available for possession in/from Dec, 2026.
How much is the area of 1 BHK in IBIS At L And T Realty Elixir Reserve?
The total area of a 1 BHK in IBIS At L And T Realty Elixir Reserve is 382 sq.ft.
How much is the area of 2 BHK in IBIS At L And T Realty Elixir Reserve?
The total area of a 2 BHK in IBIS At L And T Realty Elixir Reserve ranges from 743 sq.ft. to 744 sq.ft.
What is the price of 1 BHK in IBIS At L And T Realty Elixir Reserve?
The price of 1 BHK in IBIS At L And T Realty Elixir Reserve is Rs.1.44 Cr.
What is the price of 2 BHK in IBIS At L And T Realty Elixir Reserve?
The price of 2 BHK in IBIS At L And T Realty Elixir Reserve is Rs.2.81 Cr.
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News & Articles
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Many restaurants in Powai offer a range of cuisines.
Housing News DeskAug 2023
L&T leases Powai space to Amazon Data Services for Rs 3.57 crore per month
The 5.5 acres Larsen & Toubro’s space is rented to Amazon which will set up a data centre here.
Anuradha RamamirthamAug 2022
PG hotspots in Mumbai
Here's a look at the top areas in Mumbai and especially the western suburbs, for renting co-living and PG accommodations below Rs 15,000 per month
Surbhi GuptaJul 2020
RTI activist alleges hill-grabbing near Powai, Mumbai
A Right to Information (RTI) activist from Mumbai has alleged that a part of a hill near upmarket Powai, was being demolished to create more land for development
PTIDec 2018
Heavyweights of realty industry launch separate arm for co-working office business
Many real estate companies are launching separate companies or divisions within their companies, to launch co-working offices. Here's a look at the businesses of 3 such companies
D GoelNov 2018
Andheri: A prime residential and commercial hub in Mumbai
Andheri, in Mumbai’s western suburbs, has emerged as a sought-after location for commercial, as well as residential properties. We look at the important micro-markets in Andheri, the property prices and what these regions have to offer
Purnima Goswami SharmaSep 2018
BMC-ALM blame-game over lack of support, puts civic issues on the back foot
The Mumbai civic body has, so far, deregistered 310 ALMs in the city. We look at the reasons for the same and how it is likely to impact maintenance in localities
Janaki KrishnamoorthiSep 2018
Hiranandani Gardens offers 'Boutique Homes' at its project Atlantis, in Mumbai
The Hiranandani Group has launched 2-BHK 'Boutique Homes' at Hiranandani Gardens, Powai, in Mumbai, offering premium homes of 740 and 750 sq ft carpet area, priced at Rs 3.5 crores onwards
Housing News DeskSep 2018
Top 10 office property markets that witnessed highest rental growth in Q2 2018: Colliers report
Rising demand, coupled with shrinking vacancies in Grade A and premium Grade A office spaces, have led to an increase in rentals of about 2.8-11 per cent QoQ, in key office micro-markets, says a report by Colliers Research
Housing News DeskAug 2018
Maharashtra government to conduct inquiry against L&T for alleged land misuse
The Maharashtra government has said that it will conduct an inquiry against Larsen & Toubro, for constructing high-rise buildings on land that was meant for industrial purposes in Powai, in Mumbai
PTIAug 2017
Andheri east: Infrastructure, prices, boost property demand
Mumbai’s Andheri east has transformed, from a primarily industrial area, to one having housing options for the middle and upper middle-class buyers. We look at the property rates and whether it is worth investing in this region
Purnima Goswami SharmaJun 2017
Navi Mumbai sees biggest office rentals increase, over the last 12 months
While Mumbai’s gross average rents increased by only 1 per cent over the last year, Navi Mumbai surprised many analysts by posting a 9 per cent growth. Here’s a look at why suburban locations are scoring majorly over traditional CBDs, in Mumbai’s office market
Ashutosh LimayeMay 2017
Mumbai Development Plan 2034: Focus on affordable housing
Although the proposed Development Plan 2034 for Mumbai, is expected to boost participation in infrastructure and affordable housing projects from private sector developers, the FSI norms are unlikely to bring any major change to the skyline of the city, says a report by Colliers International
Colliers ResearchMay 2017
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