NeoLiv, a residential investment and development platform, has signed a management agreement for developing 47 acres of prime land in Khopoli, Maharashtra.
The project, with an estimated gross development value of around ₹600 crore, will feature a mixed-use community, including premium villas, plots, and retail conveniences for a lifestyle-focused environment.
“This represents one of our largest ventures in the country’s most sought-after micro-market. Supported by ultra-high-net-worth investors through our SEBI-approved fund, we aim to deliver residential developments nationwide,” stated Mohit Malhotra, founder and CEO of NeoLiv.
The Panvel-Khalapur-Khopoli region has become a real estate hotspot in the Mumbai Metropolitan Region (MMR) due to significant infrastructure developments, proximity to key highways, and the Navi Mumbai International Airport.
Founded by Mohit Malhotra, the former MD and CEO of Godrej Properties, NeoLiv’s projects are supported by a SEBI-regulated AIF Fund, offering financial security and ensuring timely project completion for clients.
In March 2024, NeoLiv’s ‘Inliv Real Estate Fund,’ a SEBI-registered category II alternative investment fund, successfully completed its initial closing with over ₹300 crore raised from its inaugural fund.
The capital will be used to develop middle-income residential properties across Mumbai MMR, Delhi NCR, and to capitalize on opportunities in Tier 2 cities.
According to Anarock data, the share of affordable housing in demand dropped to just 17% in H1 2025, down from 40% during the same period in 2020. Simultaneously, the supply of affordable housing in the top seven cities plummeted, falling from 18% in H1 2023 to a mere 12% in H1 2025. In 2019, affordable homes had made up 40% of new launches.
Currently, homes priced between ₹90 lakh and ₹1.5 crore have become the preferred choice for over 36% of prospective buyers, indicating a shift towards premium and luxury properties, while 25% favor homes priced between ₹45 lakh and ₹90 lakh.
