Institutional investor-backed residential development platform NeoLiv has acquired a 76-acre land parcel in Khopoli near Mumbai, to undertake a plotted residential development.This is the third such land transaction by NeoLiv in the Panvel-Khopoli belt near the government of Maharashtra’s upcoming Mumbai 3.0 development.The company is planning to develop a mixed-use community comprising of premium villa, plots and retail convenience including theme-based development with an estimated Gross Development Value (GDV) of Rs 800 crore."This acquisition represents a significant milestone for NeoLiv as we undertake our third key plotted development project in the most sought-after micro-market in the country. Backed by UHNI investors through our SEBI-approved fund…, we are committed to set new benchmarks for residential developments,” said Mohit Malhotra, Founder & CEO of NeoLiv.NeoLiv, founded by Mohit Malhotra, former Managing Director and CEO of Godrej Properties, operates as a fund-led developer in partnership with wealth management firm 360 ONE. The platform is backed by a SEBI-regulated alternative investment fund (AIF) and has commitments from ultra-high-net-worth investors.The Panvel-Khopoli belt is rapidly emerging as Mumbai Metropolitan Region’s prime growth corridor. This surge is catalysed by infrastructure upgrades, notably the Mumbai Trans Harbour Link (MTHL) and the Navi Mumbai International Airport.