Mumbai, India, May 20: NeoLiv, India’s foremost fund led developer, has acquired a ~76-acre land parcel in Panvel Khopoli belt paving way to develop a marquee project, thereby strengthening its position into the highly sought-after Mumbai Metropolitan Region (MMR). This is the 03rd transaction by NeoLiv in this belt, demonstrating a consistent and robust market presence in the Mumbai 3.0 vision.
Situated just an hour drive from Navi Mumbai International Airport as well as Mumbai Trans Harbour Link (Atal Setu), the project aims to create a world-class living community having serene green and mountain views.
The project with GDV of INR 800 Cr, will offer an exceptional mix use community comprising of premium villa & plots and retail convenience for lifestyle needs alongside world-class amenities such as a marquee theme-based development and an internationally designed club. Residents can look forward to one of its kind holistic developments, promising a safe, secure, modern and sustainable living environment.
Commenting on the announcement, Mohit Malhotra, Founder and CEO of NeoLiv, stated, “This acquisition represents a significant milestone for NeoLiv as we announce our third key plotted development project in the most sought-after micro-market in the country. Backed by UHNI 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.”
The Panvel–Khopoli belt is rapidly emerging as MMR’s prime growth corridor. This surge is catalysed by infrastructure upgrades, notably the Mumbai Trans Harbour Link (MTHL) and the Navi Mumbai International Airport, which are just an hour from the project. The site further enjoys greater national connectivity due to proximity to Mumbai-Pune and Mumbai-Goa highways.
NeoLiv recently recorded India’s highest sales of ~INR 1,251 Cr in plotted inventory at NeoLiv Golf One, its 47 acres golf-led luxury township project in Faridabad, NCR. Its first project NeoLiv Grand Park, Sonipat was sold out on the very first day of launch with inventory valued at ~INR 300 Cr.
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