NeoLiv targets Rs 12,000 crore revenue in 3-4 years

NeoLiv, residential investment and development platform, founded by Mohit Malhotra, former MD and CEO of Godrej Properties plans to launch at least 10 projects with the revenue potential of Rs 12,000 crore on the next 3-4 years.

NeoLiv has already secured the permission from the Securities & Exchange Board of India (SEBI) for a category II Alternate Investment Fund (AIF) with a plan to raise $ 150 million including a green-shoe option of $60 million.

It plans to develop 10 residential projects in Delhi and Mumbai using the first round of fund.


“We have identified 13 projects in Delhi-NCR and Mumbai and due diligence is on. We should be able to announce our first project in 2-3 months,” Malhotra told ET.

Wealth and alternates-focused asset firm
360 ONE, erstwhile II FL Wealth & Asset Management, has entered into a strategic partnership with strategic partnership with NeoLiv by making a minority entity-level equity investment.

“In the real estate sector, financial institutions and developer are two separate institutions but we have brought it together. While the fund raising should be completed by December this year, the project we will launch won’t be dependent on any other factor for completion,” Malhotra said.

NeoLiv is an integrated residential platform with a fund management business and a development arm.

The company will enter into joint venture or joint development agreement with the land owner and will share the profit with them.

“Developers historically have faced challenge of funding and in this company that will never be a challenge. We will do mid income housing and plotted development and will maintain the project also for better customer experience,” said Malhotra.

NeoLiv intends to utilize the funds to set up robust investment, corporate governance, and execution processes, hire top talent and establish a unique competitive edge in the real estate sector.

As India's leading wealth and alternatives-focused asset firm, 360 ONE has more than $40 billion in assets under management and helps over 6,800 high net-worth individuals (HNI) and ultra-HNI families, manage, grow and preserve their wealth.

NeoLiv is built in partnership as key management team members are equity partners with long-term commitment in the business. During founder Mohit Malhotra's 12 years tenure at Godrej Properties, sales grew by 30 times, and over 90 projects with a development potential of 150 million sq ft were added to the company's portfolio.

The integrated residential platform is designed to control the entire life cycle of a real estate project, from financing to handover, providing homebuyers the security of timely delivery. For investors, the platform aims to provide an opportunity to invest at the land stage and derive developer-level margins in the residential real estate sector.