NeoLiv Signs Management Agreement for 47-Acre Mixed-Use Villa Project in Khopoli, Near Mumbai
Mumbai-based fund-led real estate developer NeoLiv announced on September 11 that it has signed a management agreement to develop 47 acres of prime land in Khopoli, near Mumbai. The mixed-use villa project is expected to generate a revenue potential of ₹600 crore.
With this project, NeoLiv expands its footprint into a fast-growing micro-market within the Mumbai Metropolitan Region (MMR). The development will feature a premium community of villas and plotted residences. The project aims to cater to the growing demand for high-end residential spaces in the region, which has seen significant infrastructure development in recent years.
The development will offer a mixed-use community comprising premium villas and plots, along with retail convenience for lifestyle needs. Additionally, the project will include amenities such as the region's first theme-based development and an internationally designed club. These features are designed to enhance the living experience for residents and set new benchmarks for residential developments in the area.
Mohit Malhotra, founder and CEO of NeoLiv, said, 'This partnership represents a significant milestone for NeoLiv as we announce one of our largest forays 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–Khalapur–Khopoli belt in the MMR has gained momentum due to upcoming infrastructure projects. Key infrastructure developments in the region include the Mumbai Trans Harbour Link, key highways like the Mumbai–Pune and Mumbai–Goa expressways, and the Navi Mumbai International Airport. These projects are expected to significantly enhance connectivity and drive real estate growth in the area.
NeoLiv's project in Khopoli is strategically positioned to benefit from these infrastructure developments, making it an attractive option for both investors and homebuyers. The company's focus on creating a premium community with a mix of residential and retail spaces, along with world-class amenities, is expected to attract a diverse range of buyers, including young professionals, families, and high-net-worth individuals looking for a luxurious lifestyle.
In conclusion, NeoLiv's 47-acre mixed-use villa project in Khopoli is a significant step in the company's expansion plans and is poised to contribute to the growing real estate market in the MMR. With a strong focus on quality and innovation, NeoLiv is set to deliver a project that will redefine luxury living in the region.
