NeoLiv Secures 47 Acres in Maharashtra for Premium Residential Development
NeoLiv, a leading residential investment and development platform, has entered into a management agreement to develop 47 acres of prime land in Khopoli, Maharashtra. The project, valued at Rs 600 crore, aims to create a mix-use community with premium villas, plots, and retail convenience.
Real EstateAffordable HousingPremium VillasNeolivMumbai MmrReal Estate MumbaiSep 12, 2025
This is one of the largest forays by NeoLiv into one of the most sought-after micro-markets in the country. Mohit Malhotra, founder and CEO of NeoLiv, stated, “Backed by UHNI investors through our SEBI-approved fund, we aim to deliver residential developments across the country.” The Panvel-Khalapur-Khopoli belt has emerged as a real estate hub in MMR due to significant infrastructure developments and economic boosts. Proximity to the Mumbai Trans Harbour Link, highways like Mumbai-Pune and Mumbai-Goa, and the Navi Mumbai International Airport has further enhanced its appeal.
Founded by Mohit Malhotra, the former managing director and CEO 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,’ completed its initial closing with over Rs 300 crore in 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, the demand for affordable housing has shrunk to just 17% in H1 2025, down from 40% in the same period in 2020. The supply of affordable housing has also declined significantly 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 highlights 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, indicating a shift toward premium and luxury properties. Additionally, 25% of buyers prefer homes priced between Rs 45 lakh and Rs 90 lakh. This trend underscores the growing preference for higher-end residential options, aligning with NeoLiv's strategic focus on premium developments.
NeoLiv's commitment to delivering high-quality, secure, and timely residential projects is evident in its strategic partnerships and financial backing. The company's focus on middle-income residential properties and plotted opportunities in key regions positions it well to meet the evolving demands of the real estate market.
Frequently Asked Questions
What is the projected gross development value of the project in Khopoli?
The projected gross development value of the project in Khopoli is around Rs 600 crore.
Who is the founder and CEO of NeoLiv?
The founder and CEO of NeoLiv is Mohit Malhotra.
What are the key features of the development in Khopoli?
The key features of the development in Khopoli include a mix-use community comprising premium villas, plots, and retail convenience for a lifestyle-oriented experience.
How much has the ‘Inliv Real Estate Fund’ raised in its initial closing?
The ‘Inliv Real Estate Fund’ has raised over Rs 300 crore in its initial closing.
What is the trend in the demand for affordable housing in recent years?
The demand for affordable housing has shrunk to just 17% in H1 2025, down from 40% in the same period in 2020, according to Anarock data.
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