Next week I have to start an update of a Laravel API written with version 7 to version 11. I'm thinking of creating a new project then porting over the code then updating what's needed. Think it might be the less painful action.

What say you fellow Laravel Devs? Is there a better approach I'm missing?

No need you can just work with same code and set the path according to the new one recently i have migrated laravel 5 to laravel 11