L&T Emerald Isle

Location

L&T Emerald Isle is located on Adjacent to L & T Business Park, Saki Vihar Road, Powai (Mumbai 400072), in the Mumbai Suburban district. Across 110 recent resale listings on MPE, homes in Powai have a median asking rate of ₹28,500 per sq ft, and a 2 BHK typically rents for about ₹90,000 a month.

MahaRERA record

L&T Emerald Isle is registered with MahaRERA under P51800003307, dated 5 August 2017. The registered promoter is Larsen & Toubro Ltd. (Realty Division). The filing lists 3 wings: T4 over 29 floors; T5 over 29 floors; T6 over 29 floors. According to MahaRERA, the architect on record is Dsp Design Associates Pvt Ltd Associate Architect and the project escrow account is with Kotak Mahindra Bank Ltd. The current MahaRERA source record reports no litigations.

Homes and prices

Configurations recorded are 2 BHK of 650–812 sq ft; 2½ BHK of 974 sq ft; 3 BHK of 1,152–1,241 sq ft; Duplex of 1,171 sq ft (carpet area). Prices are indicative and should be reconfirmed with the developer before booking.

Construction and possession

The latest MahaRERA progress report shows foundation at 100%, structure at 100%, finishing at 100%, services at 100%. Proposed possession is Jun 2018, revised to Dec 2017.

Developer track record

L and T Realty has 5772 projects tracked on Mumbai Property Exchange, 4765 of them delivered (ready or sold out).

Buyer demand in Powai

In the last 90 days, buyers and tenants registered 23 requirements for Powai with Mumbai Property Exchange, 11 of them to buy and 7 specifically for 2 & 3 BHK homes.