Neoliv’s Residential Real Estate Fund Secures Over ₹300 Crore in Initial Closing

NeoLiv Funding
Preeti Bali / 11:37 am / March 15, 2024

Neoliv, a rising player in the residential real estate sector, announced a significant milestone today. Their inaugural fund, the “Inliv Real Estate Fund,” has achieved an initial closing, securing over ₹300 crore. This fund falls under Neoliv’s Category II Alternative Investment Fund (AIF) registered with the Securities and Exchange Board of India (SEBI).

Neoliv expressed confidence in exceeding their initial target corpus, aiming to reach a total of ₹1,000 crores to ₹1,500 crores within a two-year timeframe. This strong performance reflects the growing investor interest in high-quality residential development projects.

“The Inliv Real Estate Fund,” Neoliv stated, “stands out as the first-of-its-kind residential equity fund in India. It has attracted participation from prominent family offices and Ultra High Net Worth Individuals (UHNIs) across the nation.” The secured funds will be strategically allocated towards developing middle-income residential properties in key areas – Mumbai Metropolitan Region (MMR), Delhi National Capital Region (NCR), and plotted developments within Tier 2 cities.

A Pioneering Approach of Neoliv with Strategic Backing

Neoliv, led by Mohit Malhotra, a seasoned industry veteran and former CEO of , Godrej Properties, boasts a unique business model. The company benefits from the investment and expertise of 360 ONE, a leading asset management firm specializing in wealth and alternative investments, with over $50 billion in AUM. Established in January 2023, Neoliv operates as an integrated platform, combining fund management capabilities with in-house development expertise.

Commenting on the successful closing, Karan Bhagat, Founder, Managing Director, and CEO of 360 ONE, expressed his satisfaction. “We are thrilled to be the exclusive manager and advisor for Neoliv’s inaugural fundraise,” he said. “The initiative witnessed active participation and strong commitments from UHNIs, family offices, and CXOs eager to capitalize on innovative and professionally driven business opportunities in the real estate sector.”

Mohit Malhotra, addressing a press briefing, highlighted Neoliv’s commitment to swift deployment of capital. “With a well-defined pipeline of projects in place,” he stated, “we aim to utilize the secured funds within the next few months and deliver on our promises to investors and future residents.”

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