Residential real estate platform NEOLIV announced that the first scheme of its SEBI registered category II alternative investment fund, ‘Inliv Real Estate Fund’ has successfully completed initial closing with above Rs. 300 Cr of its maiden fund raise and is confident of achieving the target corpus well ahead of its timelines. The first of its kind residential equity fund has garnered participation from family offices and well respected UHNWI’s from across the country. The funds shall be utilized to develop high quality, middle-income residential properties in Delhi NCR, Mumbai MMR, and plotted opportunities in Tier 2 cities.
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 Bangalore. We are thankful to our esteemed investors for participating heartily in this unique product in the Indian residential growth story.”
NEOLIV was founded by Mohit Malhotra (Ex MD and CEO of Godrej Properties), leading industry experts and 360 ONE (India’s leading wealth and alternates-focused asset management firm with USD 50 Bn+ AUM). The unique integrated platform with fund management and in-house development capabilities was launched in January 2023 by Mohit Malhotra who helped grow listed company Godrej Properties over the course of 12 years, the last 06 of which as MD & CEO until December 2022.
Mohit Malhotra, Founder and CEO, NEOLIV, said, “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.
Having built its foundation on three central pillars (Professionally Built, Financially Secure and Customer Centric), NEOLIV adheres to an industry-first approach, “Partnering for Life” to bring the JOY back to the homebuying journey and homeownership/living experience. • Professionally Built by industry experts with 100+ years of experience of capital raise, land investments and 200 Mn Sq ft of project execution in Indian real estate. • Financially Secure with SEBI-approved and regulated domestic equity AIF backed by marquee financial institutions and Ultra HNI’s • Customer Centric through our long-term commitment of post possession partnership keeping customer interest at the core of our organization through transparency, technology, product & service excellence.
NeoLiv is a built-in partnership structure. Key management team members, who have joined from reputed real estate development companies like DLF, Godrej, Lodha, Wadhwa, EMAAR, Raymond, Mahindra & Rustomjee, are equity partners in the business demonstrating their long-term commitment.
During founder Mohit Malhotra’s 12 years career at Godrej Properties, sales grew by 30X, and 90+ projects were added to the portfolio with a development potential of 150 mn sq ft. Under Mohit’s last 6 years as MD and CEO of Godrej Properties, the market cap of the company grew by 6X.
The residential sector in India has been on a phenomenal growth trajectory since 2021, following a 10-year downturn marked by significant reform. Yearly home sales are at an all-time high and inventory overhang at an all-time low. This surge underscores the fundamental need for quality housing in all major key cities of India which is expected to last for many years to come as a result of the demographic advantage of the country.
About 360 ONE
As India’s leading wealth and alternates-focused asset firm, 360 ONE has more than Rs. 4,53,000 Cr AUM in assets under management and help over 7,000 HNI and ultra-HNI families, manage, grow and preserve their wealth and legacy (https://www.360.one/ )
About NEOLIV
NeoLiv is an integrated residential platform that includes a fund management business as well as a development arm. It has been designed to control the entire life cycle of a real estate project: from financing to handover and occupancy, providing the security of timely delivery to customers. For investors,the platform provides an opportunity to invest at the land stage and enjoy developerlevel margins in the residential real estate sector, which is on the cusp of a major upcycle. Both customers and investors benefit from access to the best talent in the industry with unparalleled experience and the capability to execute projects (www.neoliv.in)
