A residential investment platform, NeoLiv has gone into a joint development understanding (JDA) with NCR-based Royal Green Realty to foster a 20-acre of township in Sonipat, Haryana.
This will be the company’s first project, and over the next three to four years, it intends to launch at least ten projects with an estimated total revenue of Rs.12, 000 crore.
Situated in Kundli-Sonipat Master Plan and a 25-minute drive from the impending 900 acre of land Maruti Suzuki plant, the task had a gross development worth of Rs.600 crore and will incorporate premium villas, free floors, custom-crafted plots and a globally planned clubhouse.
The transaction was worked with by Hardeep Lamba, an independent consultant. NeoLiv has gotten endorsement from the SEBI - Securities & Exchange Board of India to set up a category II AIF – Alternate Investment Fund with an intend to raise USD 150 million including a greenshoe choice of USD 60 million.
It intends to foster the private ventures in Delhi and Mumbai, in the principal round of funding. It offers manageable, a-list private spaces, through the procurement of this excellent land in acquiring elite experience for the purchaser.
NeoLiv, established by previous Godrej Properties Chief Mohit Malhotra, is an incorporated private residential platform with an asset the board business and an improvement arm. 360 ONE, recent IIFL Wealth and research management, has shaped an essential organization with NeoLiv with a minority equity investment.
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