NeoLiv has successfully acquired a 76-acre land parcel located in Khopoli, close to Mumbai, to initiate a plotted residential development. This marks NeoLiv’s third land transaction within the Panvel-Khopoli region, coinciding with the Maharashtra government’s forthcoming Mumbai 3.0 initiative.
The company intends to create a mixed-use community that will feature premium villas, plots, and retail conveniences, including theme-based developments, with an anticipated Gross Development Value (GDV) of Rs 800 crore. “This acquisition signifies a major milestone for NeoLiv as we embark on our third significant plotted development project in the most desirable micro-market in the nation.
Supported by ultra-high-net-worth investors through our SEBI-approved fund, we are dedicated to establishing new standards for residential developments,” stated Mohit Malhotra, Founder & CEO of NeoLiv. NeoLiv, established by Mohit Malhotra, the former Managing Director and CEO of Godrej Properties, functions as a fund-led developer in collaboration with the wealth management firm 360 ONE.
The platform is supported by a SEBI-regulated alternative investment fund (AIF) and has secured commitments from ultra-high-net-worth investors. The Panvel-Khopoli area is swiftly becoming the primary growth corridor of the Mumbai Metropolitan Region. This growth is driven by infrastructure enhancements, particularly the Mumbai Trans Harbour Link (MTHL) and the Navi Mumbai International Airport.
