NeoLiv, a Mumbai-based fund-led real estate developer, announced on September 11 that it has signed a management agreement to develop a 47-acre mixed-use villa project in Khopoli, located within the Mumbai Metropolitan Region (MMR). The project is expected to generate a revenue potential of ₹600 crore, reflecting the company’s strategic expansion into a fast-growing micro-market near Mumbai.
The upcoming development will feature a premium residential community comprising villas and plotted residences, along with retail and lifestyle amenities designed to enhance the living experience. NeoLiv stated that the project will have a gross saleable area (GSA) of 0.36 million square feet and a total development cost of ₹150 crore.
The company plans to integrate lifestyle-focused amenities, including the region’s first theme-based development and an internationally designed club. This positioning aims to attract high-net-worth individuals (HNIs) and investors seeking luxury residential options within the MMR.
NeoLiv described the agreement as a major milestone in its expansion into one of the most sought-after micro-markets in the country. Mohit Malhotra, Founder and CEO of NeoLiv, noted that the project is backed by UHNI investors through the company’s SEBI-approved fund and will be executed by a team with over a century of combined experience. Under his leadership, NeoLiv aims to deliver high-quality residential experiences that are designed to set new benchmarks in the villa and plotted development segment.
The Khopoli region has witnessed increasing interest from developers due to its improving connectivity and upcoming infrastructure projects. The Panvel–Khalapur–Khopoli belt is strategically located near the Mumbai Trans Harbour Link, major highways such as the Mumbai–Pune and Mumbai–Goa expressways, and the Navi Mumbai International Airport. These developments are expected to enhance accessibility and drive demand for residential projects in the area.
NeoLiv’s announcement follows its August 2025 acquisition of a 17.5-acre land parcel in Khopoli for a plotted development and villas project with a development cost of ₹150 crore. This indicates the company’s continued focus on scaling its presence in emerging micro-markets within the MMR.
The mixed-use villa project aims to offer a comprehensive living experience, combining residential spaces with retail convenience and leisure facilities. The inclusion of premium villas and plots alongside thematic amenities aligns with current market trends that emphasize lifestyle-driven residential projects.
Industry analysts note that developers are increasingly exploring micro-markets like Khopoli due to relatively lower land costs compared to central Mumbai locations, alongside growing infrastructure connectivity. These factors have made such areas attractive for high-value residential projects catering to investors and homebuyers seeking long-term capital appreciation.
.png)