NeoLiv has entered into a management agreement to develop a 47-acre mixed-use villa project in Khopoli, located near Mumbai, with an anticipated revenue potential of Rs 600 crore. This project signifies NeoLivās expansion into a rapidly growing micro-market within the Mumbai Metropolitan Region (MMR).
The development will include a premium residential community that offers villas and plotted residences, along with retail convenience spaces, lifestyle amenities, and what is described as the regionās first theme-based development.
An internationally designed clubhouse will also be included in the offering. NeoLiv stated that the project highlights its strategy of establishing benchmark residential communities supported by institutional capital.
The venture is backed by ultra-high-net-worth investors through its SEBI-approved fund. Founder and CEO Mohit Malhotra emphasized that this initiative represents one of the companyās most significant entries into a highly desirable location, supported by a leadership team with over 100 years of combined industry experience. The company aims to provide exceptional living experiences that redefine premium housing in emerging markets.
