NeoLiv Secures 17.5 Acres in Mumbai for Rs 150 Crore Housing Project
Realty firm NeoLiv has acquired a 17.5-acre plot in the Mumbai Metropolitan Region (MMR) to develop a housing project. The company plans to invest Rs 150 crore in the project, which will include 180 plots and villas.
Real EstateMumbaiNeolivHousing ProjectKhopoliReal Estate MumbaiAug 23, 2025
In a statement, NeoLiv founder and CEO Mohit Malhotra said, “We will develop a housing project on this land comprising around 180 plots. The total project cost will be Rs 150 crore.” The project will also include the development of villas, adding a premium touch to the housing options available in the region. This will be the company’s third project, further solidifying its presence in the Mumbai real estate market.
The acquisition of the 17.5-acre land plot at Khopoli is a strategic move by NeoLiv to tap into the growing demand for residential properties in the MMR. Khopoli, known for its strategic location and connectivity, is an attractive area for real estate developers and homebuyers alike. The region has seen a steady rise in property prices and demand, driven by its proximity to major commercial and industrial hubs.
NeoLiv’s decision to invest in this project reflects the company’s commitment to providing high-quality, affordable housing options in Mumbai. The project is expected to cater to a diverse range of homebuyers, from first-time buyers to those looking for luxury villas. The development of 180 plots and villas will not only enhance the local real estate market but also contribute to the overall economic growth of the region.
Mohit Malhotra, a seasoned real estate professional, has been at the helm of NeoLiv since its inception. Under his leadership, the company has successfully completed two projects, earning a reputation for delivering quality and timely completions. The new project in Khopoli is expected to follow the same high standards, ensuring that homebuyers receive the best value for their investment.
The real estate sector in Mumbai has been witnessing significant growth, driven by factors such as urbanization, economic development, and increasing population. The MMR, in particular, has emerged as a preferred location for both residential and commercial developments. NeoLiv’s latest acquisition and project development are well-aligned with the growing demand and future potential of the region.
In conclusion, NeoLiv’s investment in the 17.5-acre land plot in Khopoli is a strategic move that is poised to benefit both the company and the local real estate market. The development of 180 plots and villas will not only provide much-needed housing options but also contribute to the economic and social development of the region. As the project progresses, it will be interesting to see how it shapes the future of real estate in the MMR.
Frequently Asked Questions
What is the size of the land plot acquired by NeoLiv in Mumbai?
NeoLiv has acquired a 17.5-acre land plot in the Mumbai Metropolitan Region (MMR).
How much is NeoLiv investing in the housing project?
NeoLiv is investing Rs 150 crore in the housing project.
Where is the land plot located?
The land plot is located at Khopoli in the Mumbai Metropolitan Region (MMR).
What will be included in the housing project?
The housing project will include around 180 plots and villas.
Who is the founder and CEO of NeoLiv?
The founder and CEO of NeoLiv is Mohit Malhotra.
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