NEW DELHI: NeoLiv has entered into an agreement to acquire 12 acres of land in Alibaug, Maharashtra to develop a mix of villas and plots.
The development, with an option to extend to 20 acres, has projected gross development value of more than Rs 400 crore.
Mohit Malhotra, founder and CEO of the company said, “This acquisition represents a significant milestone for NeoLiv as we announce our first mixed use villa and plotted development project in the Mumbai region.”
In August 2024, the company had announced a 20 acres joint development project with a gross development value of Rs 600 crore in North India.
