NeoLiv enters into Agreement for purchase of prime land to develop a Marquee Mixed use Villa development in Alibaug, Maharashtra

NeoLiv, India’s foremost fund led developer, has announced the acquisition of 12 acres of prime land
in Alibaug, marking the company’s foray into the highly sought-after Mumbai Metropolitan Region
(MMR) market.
Situated within a 20-minute drive from the Mandwa Ferry Terminal, the key passenger transport link
to South Mumbai, and surrounded by premium neighbourhoods, the project aims to create a worldclass
living community.
The development, with an option to extend to 20 acres and projected gross value of more than INR
400 crore will offer an exceptional mix of premium villa & plots alongside world-class amenities such
as an internationally designed Club & Spa with a multi-cuisine restaurant and café. Residents can look
forward to one of its kind holistic development, promising a safe, secure, modern and sustainable
living environment.
Commenting on the announcement, Mohit Malhotra, Founder and CEO of NeoLiv, stated, “This
acquisition represents a significant milestone for NeoLiv as we announce our first mixed use villa and
plotted development project in the Mumbai region. Backed by UHNI investors through our SEBIapproved
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.”
Alibaug, known for its natural beauty, historic forts, pristine beaches, and vibrant water sports, has
long been a favoured destination for those seeking a coastal retreat. Alibaug provides a blissful life,
away from the hustle and bustle of city life.
Transforming itself over the years, Alibaug is being seen as a natural extension of South Mumbai,
from rapid water transportation RORO facilities to having direct access from the national highway,
this location enjoys seamless access to the Mumbai Metropolitan Region.
As infrastructure developments like the Revas-Karanje Bridge, Multi-Modal Corridor, and new jetty
terminals are announced and progressing rapidly, and for the lifestyle it offers, Alibaug has become
a prime destination for real estate investment and a popular choice for primary and weekend homes
for professionals and entrepreneurs.
Earlier in August 2024, NeoLiv had announced a 20 acres joint development project with a gross
development value of Rs. 600 Cr in North India.