360 One-backed NeoLiv raises ₹300 crore as first close of maiden fund
₹300 crore as first close of its alternative investment fund (AIF), Inliv Real Estate, said founder Mohit Malhotra, formerly the managing director and chief executive of Godrej Properties, on Thursday. The maiden fundraise of NeoLiv, registered as category II AIF, attracted interest from ultra-high net worth investors and family offices across India, with roadshows conducted in major cities including Mumbai, Delhi-NCR, Kolkata, Ahmedabad, Lucknow, Kanpur, Bhavnagar, Udaipur, and Bangalore.
Backed by 360 One, NeoLiv operates as an integrated residential platform that combines a fund management business with a development arm. The company plans to use the funds to develop middle-income residential properties in key areas such as Mumbai MMR and Delhi NCR, as well as to explore plotted development opportunities in tier II cities.
A significant portion, 50%, of the raised capital will be allocated to plotted development. Now that some capital has been raised, NeoLiv can proceed with deploying the funds for land deals and joint ventures, Malhotra said.
“We are right now in active discussions for land deals in Lucknow, Sonipat, Khalapur, Alibaug, western suburbs in Mumbai and the Chembur belt," said Malhotra, adding that the company was in “very advanced stages of signing" land deals. Land parcels have already been identified in Mumbai and Delhi, and the first land deal is expected to be finalized within the next few months, Malhotra said.
NeoLiv is exploring opportunities for plotted developments in tier II cities like Sonipat, Lucknow, Panipat, Jaipur, Alibaug, and Nashik, and considering villa and low-rise projects in Mumbai and Gurgaon. It aims to launch 10 residential projects in the next couple of years, with a mix of six
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