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NeoLiv to invest INR 500 crore in 76-acre housing project near Mumbai

#Builders & Projects#Residential#India#Maharashtra#Mumbai City
Last Updated : 20th May, 2026
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Synopsis

• NeoLiv plans to invest around INR 500 crore in a 76-acre residential project in the Panvel-Khopoli belt of the Mumbai Metropolitan Region (MMR).
• The upcoming development will include housing plots and villas with a total saleable area of nearly 13 lakh sq ft.
• The project is expected to generate an estimated revenue potential of around INR 800 crore.
• This will be NeoLiv’s third project in the MMR region as the company expands its presence beyond Delhi-NCR.
• The company has already launched two housing projects in Delhi-NCR and plans to launch three projects in MMR during the current financial year.

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Real estate developer NeoLiv plans to invest nearly INR 500 crore to develop a large residential project spread across 76 acres in the Panvel-Khopoli belt of the Mumbai Metropolitan Region (MMR), as the company looks to strengthen its presence in the western market.


The company said in a statement that it has acquired the land parcel in the MMR region. However, it did not disclose the transaction value of the land acquisition. The upcoming development will be NeoLiv’s third project in the Mumbai metropolitan region.

The planned project will comprise housing plots and villas. According to the company, the development will have an estimated saleable area of around 13 lakh sq ft and is expected to generate revenue of nearly INR 800 crore.

The latest acquisition comes at a time when several real estate developers are expanding into peripheral areas of Mumbai, including Panvel and the surrounding belts, driven by infrastructure growth and improving connectivity. The region has witnessed rising residential activity due to projects such as the Mumbai Trans Harbour Link, Navi Mumbai International Airport, and other transport upgrades.

NeoLiv has been gradually expanding its residential portfolio across key markets. The company has already launched two housing projects in the Delhi-NCR market and is now increasing its focus on MMR. It plans to launch three projects in the Mumbai Metropolitan Region during the current financial year.

Industry experts believe plotted developments and villa projects are seeing stronger interest from homebuyers seeking larger living spaces and second-home investments near metro cities. Developers have also been increasing investments in emerging suburban locations where land availability remains comparatively better than core city areas.

Source PTI
Next (Hyderabad land auction: Thorrur plots record INR 45,500 per sq yard amid strong demand)

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