India, Aug. 22 -- Mumbai-based NeoLiv, a fund-led real estate developer, has acquired a 17.5-acre land parcel in Khopoli, near Mumbai, for a plotted development and villas project with a development cost of Rs.150 crore.

The project will have a gross saleable area of 0.36 million sq ft and a total development cost of Rs.150 crore, the company said in a statement.

The company said that the project will offer a mix of premium residential plots and villas alongside amenities such as a club.

"This acquisition represents a significant milestone for NeoLiv as we announce our key plotted development project in the most sought-after micro-market in the country. Backed by UHNI investors through our SEBI-approved fund and led by a highly experie...