Mumbai Realty
L&T Elixir Reserve – IBIS launches in Powai with 1 and 2 BHK homes
L&T Realty’s IBIS at Elixir Reserve in Powai was listed as a new launch in April 2024. The MahaRERA-registered residential project offers 1 and 2 BHK homes, with listed prices from ₹1.66 crore and a registered proposed completion date of 30 December 2026.
| Developer | L&T Realty |
|---|---|
| Location | Powai, Mumbai |
| Status | New launch; launched in April 2024 |
| Configurations | 1 and 2 BHK homes |
| Listed price range | ₹1.66 crore to ₹4.53 crore |
| MahaRERA number | P51800055830 |
| Registered proposed completion | 30 December 2026 |
Launch and project details
IBIS is a residential project within L&T Realty’s larger Elixir Reserve development in Powai. It was listed as a new launch in April 2024 and registered with MahaRERA under number P51800055830 on 22 April 2024.
The listed configurations are 1 and 2 BHK homes. Reported carpet areas for the 1 BHK options are 272 sq ft and 393 sq ft. A carpet-area figure for the 2 BHK homes is not included here.
Prices and timeline
Listings put prices at ₹1.66 crore for a 272 sq ft 1 BHK, ₹2.4 crore for a 393 sq ft 1 BHK, and from ₹4.53 crore for a 2 BHK. These are listed prices; the available information does not provide a date for the price sheet.
The MahaRERA record gives a proposed completion date of 30 December 2026. That date is still in the future as of October 2026; it is a registered timeline, not confirmation that the homes have been completed or handed over.
Powai location and transport
The project is on Saki Vihar Road in Powai, near the Jogeshwari–Vikhroli Link Road. The locality includes Powai Lake and IIT Bombay, as well as nearby residential and corporate areas.
Mumbai Metro Line 6, planned between Swami Samarth Nagar and Vikhroli, is under construction. In January 2026, its opening was reported as targeted for the second half of 2026. That target does not by itself confirm that services had started as of October 2026.
Frequently asked questions
Where is L&T Elixir Reserve – IBIS?
It is in Powai, Mumbai, on Saki Vihar Road.
What configurations are listed for IBIS?
The listed homes are 1 and 2 BHK. Reported 1 BHK carpet areas are 272 sq ft and 393 sq ft.
What prices are listed for the homes?
Listings give prices of ₹1.66 crore and ₹2.4 crore for the two 1 BHK options, and from ₹4.53 crore for a 2 BHK.
What is the MahaRERA number for IBIS?
The project’s MahaRERA registration number is P51800055830.
What completion date is registered for IBIS?
The proposed completion date recorded for the project is 30 December 2026.