NeoLiv Alibaug: A Premium Villa Project Set to Transform the MMR Real Estate Landscape

Residential real estate platform NeoLiv has acquired a 12-acre land parcel in Alibaug, a prime location near Mumbai, with plans to launch a premium mixed-use villa project. This marks the company’s entry into the coveted Mumbai Metropolitan Region (MMR). The project also includes a provision to extend the development to 20 acres, with an estimated gross value exceeding INR 400 crore.

Strategic Location Near Key Connectivity Points

The acquired site is strategically located within a 20-minute drive from the Mandwa Ferry Terminal, offering seamless connectivity to South Mumbai. Surrounded by affluent neighborhoods, the location promises exclusivity and convenience for future residents, enhancing its appeal as a premium investment destination.

NeoLiv’s Expanding Footprint Across India

This development follows NeoLiv’s earlier announcement in August regarding a 20-acre joint project in North India, with a Gross Development Value (GDV) of INR 600 crore. The Alibaug venture underscores NeoLiv's commitment to delivering high-value projects across India, strengthening its position in the luxury real estate segment.

Boost from Upcoming Infrastructure Projects

Alibaug is set to benefit significantly from infrastructure upgrades, including the Virar-Alibaug corridor, the roll-on-roll-off (RORO) ferry service from Mumbai, and the Mumbai Trans-Harbour Link (MTHL). These projects are expected to reduce travel time from over three hours to just over an hour, making Alibaug more accessible and attractive for investment and residential purposes.

Key Highlights of NeoLiv Alibaug

• Land Acquisition: NeoLiv secures 12 acres in Alibaug, with potential to extend to 20 acres.
• Development Plan: Mixed-use project featuring premium villas and plots.
• Gross Value: Project valuation exceeds INR 400 crore.
• Strategic Location: 20-minute drive from Mandwa Ferry Terminal, close to premium neighborhoods.
• Infrastructure Boost: Key projects like MTHL and RORO service to enhance connectivity and appeal.
• National Expansion: Follows a successful 20-acre project announcement in North India worth INR 600 crore.

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