Institutional investor-backed residential development platform NeoLiv has secured a 76-acre land parcel in Khopoli, near Mumbai, to pursue a plotted residential development.
This acquisition marks NeoLiv’s third land transaction in the Panvel-Khopoli region, coinciding with the government of Maharashtra’s upcoming Mumbai 3.0 initiative.
The company plans to create a mixed-use community featuring premium villas, plots, and retail opportunities, complemented by theme-based developments, with an estimated Gross Development Value (GDV) of ₹800 crore.
“This acquisition is a significant milestone for NeoLiv as we embark on our third major plotted development project in one of the most desirable micro-markets in the country. Backed by ultra-high-net-worth investors through our SEBI-approved fund, we aim to set new standards for residential developments,” stated Mohit Malhotra, Founder & CEO of NeoLiv.
NeoLiv, established by Mohit Malhotra, former MD and CEO of Godrej Properties, operates as a fund-led developer in collaboration with 360 ONE, a wealth management firm. The platform is supported by a SEBI-regulated alternative investment fund (AIF) with commitments from ultra-high-net-worth investors.
The Panvel-Khopoli area is rapidly becoming a key growth corridor in the Mumbai Metropolitan Region, driven by infrastructure improvements, including the Mumbai Trans Harbour Link (MTHL) and the Navi Mumbai International Airport.
