Due to advancement in reconfigurable computing, Field Programmable Gate Array (FPGA) has gained significance due to its low cost and fast prototyping. Parallelism, specialization, and hardware level adaptation, are the key features of reconfigurable computing. FPGA is a programmable chip that can be configured or reconfigured by the designer, to implement any digital circuit. One major challenge in FPGA design is the Placement problem. In this placement phase, the logic functions are assigned to specific cells of the circuit. The quality of the placement of the logic blocks determines the overall performance of the logic implemented in the circuits. The Placement of FPGA is a Multi-Objective Optimization problem that primarily involves minimization of three or more objective functions. In this paper, we propose a novel strategy to solve the FPGA placement problem using Non-dominated Sorting Genetic Algorithm (NSGA-II) and Simulated Annealing technique. Experiments were conducted in Multicore Processors and metrics such as CPU time were measured to test the efficiency of the proposed algorithm. From the experimental results, it is evident that the proposed algorithm reduces the CPU consumption time to an average of 15% as compared to the Genetic Algorithm, 12% as compared to the Simulated Annealing, and approximately 6% as compared to the Genetic Annealing algorithm.