NeoLiv Acquires 76 Acres Near Mumbai for ₹800 Cr GDV Project

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AuthorAarav Shah|Published at:
NeoLiv Acquires 76 Acres Near Mumbai for ₹800 Cr GDV Project
Overview

NeoLiv, backed by institutional investors, has bought a 76-acre plot in Khopoli near Mumbai for a new residential project. The development is projected to reach a Gross Development Value (GDV) of ₹800 crore and will feature premium villas, plots, and retail. This marks NeoLiv's third land purchase in the fast-growing Panvel-Khopoli area, boosted by infrastructure like the Mumbai Trans Harbour Link.

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NeoLiv Plans Mixed-Use Development

The new project will be a mixed-use community featuring premium villa plots, retail spaces, and a theme-based development. This strategic acquisition by NeoLiv, led by former Godrej Properties executive Mohit Malhotra, shows strong investor interest in prime locations within Maharashtra's expanding economic zones.

Location Benefits from Infrastructure Growth

The Panvel-Khopoli stretch is becoming a key growth area for the Mumbai Metropolitan Region. Major infrastructure projects, including the Mumbai Trans Harbour Link (MTHL) and Navi Mumbai International Airport, are spurring development and drawing investment. NeoLiv's purchase is well-timed to leverage this enhanced connectivity and planned urban expansion.

NeoLiv's Funding and Strategy

NeoLiv operates as a fund-led developer, founded by Mohit Malhotra, in partnership with wealth management firm 360 ONE. The company is supported by a SEBI-regulated alternative investment fund (AIF) and investments from ultra-high-net-worth individuals. This solid financial backing and clear strategy aim to establish new standards for residential development in key Indian property markets.

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