L&T Island Cove Tower 4 in Mahim West Enters Pre-Launch Listing

Status: pre-launch, with an expression-of-interest window

Tower 4 has been registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) under number PR1170002500784, with the registration dated 15 September 2025. Project listing pages describe it as coming soon and, in parallel, show an expression-of-interest window as open. Some marketing pages label the tower as under construction. Buyers should treat the pre-launch label as the current status, and check the MahaRERA portal for the registered project details.

Tower 4 is separate from Pearl, a newer tower that the developer announced in 2025 for the same Island Cove project.

Configurations and prices

Tower 4 is offered in two layouts: 2 BHK homes with carpet areas of about 767 to 828 sq ft, and 3 BHK homes with carpet areas of about 1,045 to 1,375 sq ft. Channel pages show 2 BHK homes from ₹3.50 crore to ₹3.80 crore and 3 BHK homes from ₹4.70 crore to ₹6.20 crore. A news item dated 18 October 2026 reports a tower starting price of ₹3.70 crore, and the developer's own site uses the same ₹3.70 crore figure.

A 20:10:70 payment plan is advertised, along with an additional discount of up to ₹10 lakh on some offers. The listings do not give a per-square-foot rate for Tower 4 alone, so buyers should compare the price sheet with the carpet area and inclusions in writing.

Possession timeline and approvals

The RERA registration carries a possession target of 31 December 2030 for Tower 4. Earlier project-level pages on channel sites show a date in December 2028 for the wider Island Cove project, so the two dates should be read as different reference points until the developer confirms the tower schedule.

A commencement certificate is listed as available for the wider project. The occupation certificate has not been obtained and is to be applied for closer to possession. The project is planned on a 6.5-acre parcel, with 256 units filed for Tower 4 and 33 habitable floors above the podium (G+33).

Location and connectivity

The site sits on the Mahim–Sion Link Road and Vrindavan Lane, close to the Western Express Highway (about 1.5 km away by listing figures). The Bandra-Worli Sea Link is listed at about five minutes by road, and BKC and Lower Parel at about ten minutes. Mahim railway station is listed at about 600 metres, and Mahim Junction, which serves the Western and Harbour lines, at about 1 km.

Metro Line 3 (Aqua Line) has a Shitaladevi Mandir station on Lady Jamshedji Road, about 0.55 km from Mahim. The line has been fully operational since 9 October 2025, with all 27 stations open. Fortis SL Raheja Hospital in Mahim is listed at about 2 km, and Palladium and High Street Phoenix malls are the nearest large retail centres.

Infrastructure still under way includes the Coastal Road, where two sections are open at Worli and Haji Ali, and the Bandra-Worli Sea Link extension and Sewri-Worli elevated corridor, which are announced but do not have confirmed completion dates.

Specifications and amenities

Listed specifications include an RCC frame structure, vitrified tiles in the living areas and bedrooms, oil-bound distemper on walls, a granite kitchen counter and a stainless steel sink. The layouts are listed with two bathrooms in 2 BHK homes and three in 3 BHK homes. Architect of record is Hafeez Contractor.

The project lists a clubhouse of about 20,000 sq ft, a swimming pool, a gym, an indoor games room, a badminton court, a children's play area and a sewage treatment plant, with more than 40 amenities in total. The developer markets the site as a gated community with sea-facing views. Water is listed as supplied by the municipal corporation with a borewell backup.

Mahim market context

Market figures from property data sites show an average of about ₹54,000 per sq ft for Mahim as of October 2026, up 7.51% year on year. Mahim West averages about ₹49,400 per sq ft for July to September 2026, with a gross rental yield of about 3.37% a year. Under-construction projects in Mahim are listed at an average of about ₹46,300 per sq ft. These are indicative averages and not the price of Tower 4.

The developer and the group restructuring

L&T Realty was set up in 2011 as the real estate arm of Larsen & Toubro and operates in six Indian cities, including Mumbai. On 8 December 2025, the L&T board approved transferring its realty business undertaking to L&T Realty Properties Limited, a wholly owned subsidiary, through a slump sale under a scheme of arrangement. The company said the transfer was subject to requisite regulatory approvals.

The restructuring places the Island Cove projects within a single real estate subsidiary. It does not change the RERA registration of Tower 4, which remains in the name of the project registration.