 "The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.")
NeoLiv, a Mumbai-based fund-led real estate developer, has acquired 17.5 acres of land in Khopoli, a growing corridor within the Mumbai Metropolitan Region (MMR), for ₹150 crore.
Premium housing project planned in Khopoli
The company plans to develop the land into a premium residential community offering a mix of plotted developments and villas. The project will have a gross saleable area of 0.36 million square feet (msf).
Mohit Malhotra, founder and chief executive officer of NeoLiv, said the acquisition marked a defining step in the firm’s growth journey. “This acquisition represents a significant milestone for NeoLiv as we announce our key plotted development project in the most sought-after micro-market in the country. Backed by ultra-high net worth individual investors through our Sebi-approved fund and led by a highly experienced team with over 100 years of combined expertise, we are committed to delivering exceptional living experiences that will set new benchmarks for residential developments,” he said.
Khopoli’s rising prominence in MMR
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According to the company, the Panvel-Khalapur-Khopoli belt has emerged as one of the most promising growth clusters in MMR. The region is benefiting from large-scale infrastructure upgrades, including the Mumbai Trans Harbour Link, the Navi Mumbai International Airport, and enhanced connectivity via the Mumbai-Pune and Mumbai-Goa highways. These developments are expected to transform Khopoli into a hub for both end-users and investors looking for long-term appreciation.
World-class amenities planned
The upcoming project will feature amenities such as an internationally designed clubhouse and landscaped green zones. NeoLiv said it aims to create a holistic residential ecosystem that emphasises safety, sustainability, and modern design, catering to aspirational homebuyers seeking premium lifestyles outside Mumbai’s urban core.
Backed by Sebi-approved fund
NeoLiv’s projects are backed by an alternative investment fund registered with the Securities and Exchange Board of India (Sebi). The firm was founded by Malhotra along with a group of industry veterans, in partnership with 360 ONE, a wealth management platform with more than $65 billion in assets under management.
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