In an ambitious bid to transform India’s residential property landscape, Neoliv, the brainchild of real estate veteran Mohit Malhotra and a collaboration with the global asset management firm 360 ONE, is on the verge of a significant financial milestone.
The company is in the process of raising an impressive $150 million for its Inliv Real Estate Fund within the next year. This move underscores a growing trend of investment in middle-income housing and plotted development projects, especially within burgeoning markets.
A Strong Start with a Promising Future
Having already secured ₹300 crore for the initial close of their fund, Neoliv is off to a promising start.
The capital raised will be strategically invested in developing residential properties for the middle-income bracket predominantly in Mumbai’s Metropolitan Region and Delhi’s National Capital Region, along with planned developments in tier-II cities.
This targeted approach not only caters to a significant demand within these regions but also taps into the potential of emerging urban centers.
Driving Growth in Residential Real Estate
Mohit Malhotra, the founder and CEO of Neoliv and former managing director and CEO of Godrej Properties, highlighted the industry’s robust growth trajectory.
“The residential sector has been experiencing phenomenal growth since 2021,” Malhotra stated. This growth, fueled by both demand and the need for developers in tier-II cities to access funding, sets the stage for Neoliv’s strategic investments.
Malhotra’s vision is clear: to support the scale-up of quality residential developments across identified markets, backed by a firm belief in the sector’s continued strength over the next 8-10 years.
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Strategic Investments and High Interest
Neoliv’s initial fund closure has attracted investments from ultra-high-net-worth individuals and family offices, indicating a strong vote of confidence in the firm’s strategic direction.
Plans are in place to fund 3-4 projects from the first closure and an additional 8-10 projects through the maiden fund. With a focus on plotted development, which is slated to receive about 50% of the raised capital, Neoliv is positioning itself as a key player in shaping the landscape of Indian residential real estate.
The company has already pinpointed land parcels across various locales, including Lucknow, Jaipur, Sonipat, Alibaug, and Chembur, with advanced discussions underway for their acquisition.
These selections demonstrate Neoliv’s commitment to diversifying its investment portfolio while responding to market demands.
Looking Ahead:
In an industry ripe with opportunities yet challenged by the need for strategic funding and development, Neoliv stands out with its ambitious fund-raising efforts and sharp focus on middle-income and plotted development projects.
The company’s approach not only caters to the needs of a growing middle class but also stimulates economies in tier-II cities, fostering broader economic growth and development.
As Neoliv moves forward with its plans to deploy capital in the coming months, the industry watches with interest. This significant infusion of funds and the targeted strategic development it enables could well set a new standard for residential real estate investments in India, promising better homes and communities for thousands.
In an era of rapid urbanization and evolving consumer preferences, Neoliv’s journey from a bold vision to a transformative force in real estate highlights the power of strategic investment and innovation. With a clear focus on sustainable, inclusive growth, Neoliv is not just raising funds; they are raising futures, one project at a time.
