NeoLiv lifts Rs. 300 Crore to widen the profits of Housing Properties

Neoliv, the Residential real estate platform announced that it has uplifted more than Rs.300 crore in very first close of its Alternate Investment Fund & the raised funds will be set up to develop the middle-income residential properties in major cities like Delhi NCR, Mumbai MMR & other scheduled opportunities in Tier 2 cities.

This residential equity fund saw participation from prominent family offices & UHNWIs across the nation. NEOLIV is established by Mohit Malhotra, Former MD & CEO of Godrej Properties & foremost industry expert in 360 ONE, one of the well-known wealth & alternates-focused asset Management Company. The company was launched in the month of January 2023.

Speaking to this, Karan Bhagat, Founder, MD & CEO of 360 ONE said, “We are happy to be the sole manager and advisor for NeoLiv’s maiden fundraise, which saw active participation and firm commitments from UHNIs, family offices, CXOs with an appetite for new age professionally driven business opportunities. The roadshows for the fundraise were held in Mumbai, Delhi- NCR, Kolkata, Ahmedabad, Lucknow, Kanpur, Bhavnagar, Udaipur and Bengaluru.”

Similarly, Mohit Malhotra, Founder & CEO of NEOLIV stated, “We are humbled by the trust and belief bestowed on us by the highly prestigious family offices and esteemed individual investors who have shown their conviction on the NeoLiv platform and our team. With a robust pipeline of projects, we aim to deploy the capital within the next few months and deliver on our promise”.