NeoLiv to Develop INR 150 Cr Residential Complex in MMR

Real estate firm NeoLiv has bought a 17.5 acre land plot in Khopoli, Mumbai Metropolitan Region (MMR) to build a residential complex worth Rs.150 crore.

The complex will comprise approximately 180 plots and villas, designed to meet the increasing need for high-end housing in the area.

This is NeoLiv's third major project. It recently completed and entirely sold out 263 plotted units at NeoLiv Grand Park in Haryana, recording sales in excess of Rs.300 crore, and also launched a luxury housing project at Alibaug worth around Rs.400 crore. 

Key Highlights:

• NeoLiv acquires 17.5 acre land in Khopoli to build Rs.150 cr housing project
• Project to feature 180 plots and villas and is backed by SEBI-regulated AIF
• Follows successful projects in Haryana worth of Rs.300 cr and Alibaug  worth of Rs.400 cr

On the deal, Mohit Malhotra, Founder and CEO of NeoLiv, stated, "The Panvel–Khalapur–Khopoli belt is fast emerging as a significant real estate growth corridor in the MMR backed by swift infrastructure and connectivity upgradation. The overall project cost will be Rs.150 crore."

The firm reiterated that all its projects are supported by a SEBI-regulated Alternative Investment Fund (AIF), which offers customers higher financial transparency, timely delivery, and risk protection.

Also Read: The Future of Ultra-Luxury Housing: Innovations in Design & Exclusivity

NeoLiv, started by Malhotra, erstwhile MD & CEO of Godrej Properties, is developing a robust pipeline of residential projects along primary growth avenues. The company has also joined hands with wealth management firm 360 ONE to arrange structured funding support for its ventures.

With its recent land purchase in Khopoli, NeoLiv is further strengthening its foothold in the MMR and its position as an institutional capital-backed developer of high-end housing.