Mumbai-based fund-led real estate developer NeoLiv has entered into a management agreement to develop a 47-acre mixed-use villa project in Khopoli, near Mumbai, with an estimated revenue potential of Rs 600 crore. 

The project marks NeoLiv’s expansion into a high-growth micro-market within the Mumbai Metropolitan Region (MMR). The development will feature a premium residential community offering villas and plotted residences, complemented by retail convenience spaces, lifestyle amenities, and what is billed as the region’s first theme-based development. An internationally designed clubhouse will also be part of the offering.

NeoLiv said the project underscores its strategy of creating benchmark residential communities backed by institutional capital. The venture is supported by ultra-high-net-worth investors through its SEBI-approved fund. Founder and CEO Mohit Malhotra highlighted that the initiative represents one of the company’s largest forays into a sought-after location, backed by a leadership team with more than 100 years of combined industry experience. The company aims to deliver exceptional living experiences that redefine premium housing in emerging markets.