NeoLiv Secures 47-Acre Land in Maharashtra for Premium Real Estate Development
NeoLiv, a residential investment and development platform, has entered into a management agreement for developing 47 acres of prime land in Khopoli, Maharashtra. The development, with a projected gross development value of around Rs 600 crore, will offer a mix-use community comprising premium villas, plots, and retail convenience for lifestyle.
“This is one of our largest forays in the most sought-after micro-market in the country. Backed by UHNI investors through our SEBI-approved fund, we aim to deliver residential developments across the country,” said Mohit Malhotra, founder and CEO of NeoLiv.
The Panvel-Khalapur-Khopoli belt has emerged as a real estate hub in MMR due to the infrastructure push and economic boost, with proximity to the Mumbai Trans Harbour Link, highways like Mumbai-Pune and Mumbai-Goa, as well as the Navi Mumbai International Airport. Founded by Mohit Malhotra, the former managing director and chief executive of Godrej Properties, NeoLiv projects are backed by a SEBI-regulated AIF Fund, ensuring financial security and timely project completion for customers.
In March 2024, the first scheme of its SEBI registered category II alternative investment fund, ‘Inliv Real Estate Fund’ of NeoLiv, completed its initial closing with over Rs 300 crore of its maiden fund raise. The funds are utilized to develop middle-income residential properties in Mumbai MMR, Delhi NCR, and plotted opportunities in Tier 2 cities.
According to Anarock data, affordable housing’s share of demand has shrunk to just 17% in H1 2025, down from 40% in the same period in 2020. At the same time, the supply of affordable housing has nosedived in the past two years across the top seven cities, from 18% in H1 2023 to just 12% in H1 2025. Back in 2019, affordable homes accounted for 40% of new launches.
The survey shows that homes priced between Rs 90 lakh and Rs 1.5 crore have emerged as the “most favoured” option for more than 36% of prospective buyers, pointing to a shift toward premium and luxury properties, while 25% prefer homes priced between Rs 45 lakh and Rs 90 lakh.
