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 world- class 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 developments, 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 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."
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.
