MahaRERA Property Intelligence · Mumbai Suburban

CYGNUS at L and T Realty Elixir Reserve

P51800055987 · Powai · promoter Larsen Toubro Ltd

Certificate SignedDue 30 Apr 2028

Delivery & Registration

MahaRERA registrationP51800055987
Registered on02 May 2024
Promoter-declared completion30 Apr 2028
Current statusCertificate Signed
Against today21 months to the declared date

Regulatory Standing

MahaRERA's own defaulter/deregistration lists and the project's quarterly-progress-report filing — the regulator's view of whether this project is in good standing.

Builder Track Record

Across MahaRERA, Larsen Toubro Ltd is the promoter of record on 30 projects, of which 1 carries a MahaRERA regulator flag (insolvency, deregistration, completion-lapse or QPR default). Read the pattern across the portfolio, not just this project's brochure — matched on the promoter name in the MahaRERA register.

Construction Progress

MahaRERA's cost filing puts construction at ~41.7% of the estimated project cost incurred as of the last certificate (₹102.70 Cr spent against a ₹246.36 Cr estimate). This financial % is the regulator's own proxy for how much is physically built — the closest public read on real progress, and one a brochure never shows.

Cost-incurred % as last certified to MahaRERA; it can lag on-site reality between filings. Confirm the current stage and the latest Form 2 before you book.

Sales & Inventory

Of 121 homes filed with MahaRERA, 85 are sold/booked (80 with registered agreements + 5 booked) and 36 remain available (~70% sold) — selling steadily. Buyers have committed ₹694.38 Cr in agreement value so far. Of that, ₹376.37 Cr (~54%) is already collected, ₹318.01 Cr receivable — a read on how far along these sales really are. This is the promoter's own reported inventory as at the last compliance filing; confirm current availability directly.

What buyers actually paid: across 85 registered agreements, the effective carpet rate is ₹46,176/sqft (typical range ₹38,765–₹57,655) — computed from the agreement values and carpet areas the promoter filed, not broker quotes. Compare your quote against this before negotiating.

The unsold units on the filing — if you're quoted a unit NOT on this list, ask why it shows as sold/booked on the RERA record:

FloorUnitCarpetReckoner value
BasementShop 11,793 sqft (166.6 sqm)₹1.51 Cr
BasementShop 101,793 sqft (166.54 sqm)₹1.51 Cr
BasementShop 111,486 sqft (138.08 sqm)₹1.25 Cr
BasementShop 121,404 sqft (130.4 sqm)₹1.18 Cr
BasementShop 141,432 sqft (133.04 sqm)₹1.20 Cr
BasementShop 15795 sqft (73.9 sqm)₹66.15 Lakh
BasementShop 21,494 sqft (138.76 sqm)₹1.26 Cr
BasementShop 31,405 sqft (130.52 sqm)₹1.18 Cr
BasementShop 41,773 sqft (164.75 sqm)₹1.49 Cr
BasementShop 41,773 sqft (164.75 sqm)₹1.49 Cr
BasementShop 51,429 sqft (132.78 sqm)₹1.20 Cr
BasementShop 6825 sqft (76.64 sqm)₹69.36 Lakh
BasementShop 91,710 sqft (158.85 sqm)₹1.44 Cr
Floor 11011,987 sqft (184.63 sqm)₹1.14 Cr
Floor 11021,872 sqft (173.92 sqm)₹1.08 Cr
Floor 11041,811 sqft (168.23 sqm)₹1.04 Cr
Floor 22011,987 sqft (184.63 sqm)₹1.14 Cr
Floor 2222011,987 sqft (184.63 sqm)₹1.14 Cr
Floor 2222021,872 sqft (173.92 sqm)₹1.08 Cr
Floor 2222031,280 sqft (118.89 sqm)₹73.69 Lakh
Floor 2222041,811 sqft (168.23 sqm)₹1.04 Cr
Floor 2525011,987 sqft (184.63 sqm)₹1.14 Cr
Floor 2525021,872 sqft (173.92 sqm)₹1.08 Cr
Floor 2525031,280 sqft (118.89 sqm)₹73.69 Lakh
Floor 2525041,811 sqft (168.23 sqm)₹1.04 Cr
Floor 2626011,987 sqft (184.63 sqm)₹1.14 Cr
Floor 2626021,872 sqft (173.92 sqm)₹1.08 Cr
Floor 2626031,280 sqft (118.89 sqm)₹73.69 Lakh
Floor 2626041,811 sqft (168.23 sqm)₹1.04 Cr
Upper GroundShop 271,322 sqft (122.8 sqm)₹1.11 Cr
Upper GroundShop 281,428 sqft (132.65 sqm)₹1.20 Cr
Upper GroundShop 291,243 sqft (115.52 sqm)₹1.05 Cr
Upper GroundShop 301,131 sqft (105.04 sqm)₹95.06 Lakh
Upper GroundShop 311,426 sqft (132.51 sqm)₹1.20 Cr
Upper GroundShop 321,333 sqft (123.83 sqm)₹1.12 Cr
Upper GroundShop 33798 sqft (74.18 sqm)₹67.13 Lakh

No units are declared mortgaged, reserved, investor-held or not-for-sale in this inventory filing — still confirm your specific unit's status in the agreement.

Buildings & Wings

The buildings and wings registered under this project, with each tower's sanctioned height and declared completion date. Here the tallest tower rises to G+30 and 121 homes are registered across the project.

BuildingWingsFloorsHomesDeclared completion
T1-CYGNUS at L and T Realty Elixir Reserve1G+30121-

Unit mix on the filing: 101 residential and 20 non-residential (shops/offices).

Complaints

No buyer complaints were on this project's MahaRERA record at the time of reading — a clean sheet worth re-checking near booking.

Legal & Litigation

The promoter has declared 4 court cases on this project to MahaRERA. Litigation can cloud the land title or stall the build — have a lawyer pull the cause list for each and confirm whether it touches the title to your flat. This is declared by the promoter; there may be further cases not on the RERA record.

CourtCase no.YearStatus
High Court Of Judicature At Bombay9486/20192019Petition Is Not Admitted Till Date As Per Uploaded Tc Title Of Land Is Clear And Marketable
District Superintendent Of Land Records298 of 20222022Appeal Is Admitted
Deputy Director Of Land Records290 of 20232023Revision Is Pending For Hearing
High Court9486/20192019Ongoing

Location, Land & Connectivity

Located at Powai, Saki VIhar Road, Mumbai City, Mumbai City, 400072. Per the filed land record, the plot is bounded to the north by 87 part of Village Paspoli, to the south by 87 part of Village Paspoli, to the east by 87 part of Village Paspoli Saki Vihar Road and to the west by 87 part of Village Paspoli. Confirm these against the 7/12 extract and the sanctioned plan before you rely on them.

🔒 The verdict & buyer playbook · Compliance report

The paid report opens with the overall risk read on this MahaRERA filing, exactly what I'd do as a buyer in this project, who it suits, and the questions to put to the promoter before you commit.

Unlock in the ₹999 report →

🔒 Unit-by-unit guidance · Unit Guidance report

Which building/wing and unit to prefer and the sanctioned-plan read for this project — the ₹2,999 guidance layer.

Unlock in the ₹2,999 report →

🔒 Full financial records — escrow, funding & the document catalog · Compliance report

The RERA 70% designated-escrow account activity, the declared means-of-finance, the professionals of record, and every document filed with MahaRERA — the raw records the read above is built on.

Unlock in the ₹999 report →

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Builder track record

Larsen & Toubro Ltd. is the promoter on 25 MahaRERA-registered projects, with none currently carrying a regulator flag — a reassuring wider track record (matched on the promoter name in the register; it doesn't guarantee this specific project, but a clean portfolio is a good sign).

See every Larsen & Toubro Ltd. project & its RERA track record →

Other flagged projects by Larsen & Toubro Ltd.

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Other RERA-registered projects in Powai

Godrej Urban Park
possession by Sep 2026 · Godrej Properties Limited
55 Corporate Avenue Building NO 2
possession by Dec 2026 · THE Cannonade Construction Company PVT L
Ibis At L And T Realty Elixir Reserve
possession by Dec 2026 · Larsen & Toubro Ltd.
Leo Heights
Not filing quarterly progress reports · possession by Dec 2026 · Sir George P Joseph
Somani 72 East
possession by Dec 2026 · Nircon Developers PVT LTD
72 Marina - Phase I - Tierra And Torres
possession by Dec 2026 · D S Developers

Major developers building in Powai

Other RERA-registered projects in Mumbai Suburban

Cypress Heights
possession by Dec 2029 · CAB Construction LLP
Cyrilyn
possession by Dec 2026 · Not Available
D J Nest
possession by Mar 2027 · Dhiraj Narayandas Jadhwani
D N Nagar Dwarka CHS Ltd
declared completion Mar 2021 · Sssc Escatics Pvt. Ltd.
D N Nagar Jai Bhavani CHS Ltd
declared completion Dec 2021 · Sai Siddhant Developers
D N Nagar Krishna CHS Ltd
declared completion Dec 2023 · Sai Siddhant Developers

What to verify before you book

  1. Confirm the MahaRERA registration is live and read the project page on the MahaRERA portal for the sanctioned plan, approvals and the promoter's quarterly progress reports.
  2. Check the declared completion date against actual site progress — registration is not the same as a delivered, occupancy-certified building.
  3. Verify the exact carpet area, floor and unit number in your agreement match the sanctioned plan (not the brochure's saleable area).
  4. Confirm the title, the 7/12 land extract and that your payments go to the project's designated RERA escrow account.

Flags are from MahaRERA's own published problem lists — not a claim about the developer's intent. Explore every flagged project on our Mumbai, Thane & the MMR RERA red-flag register.

Last checked against the RERA register: 27 Jul 2026