NeoLiv and Royal Green Realty Partner to Develop ₹600 Crore Township in Sonepat

NeoLiv, a residential investment and development platform, has partnered with NCR-based Royal Green Realty to develop a 20-acre township in Sonepat, Haryana. This project marks NeoLiv's first venture, with plans to launch at least 10 additional projects over the next three to four years, targeting a total revenue of around ₹12,000 crore. The Sonepat project, located within the Kundli-Sonipat Master Plan and just 25 minutes from the upcoming Maruti Suzuki plant, has a gross development value of ₹600 crore.

The new township will feature premium villas, independent floors, custom-designed plots, and an internationally designed clubhouse, catering to the growing demand for high-quality residential spaces in the region. The transaction was facilitated by independent consultant Hardeep Lamba, adding strategic value to the project.

NeoLiv has also received approval from the Securities & Exchange Board of India (SEBI) to establish a category-II Alternate Investment Fund (AIF). The company aims to raise USD 150 million, with an additional greenshoe option of USD 60 million, to support the development of residential projects in Delhi and Mumbai in its initial round of funding. This fund will enable NeoLiv to deliver sustainable and world-class living experiences.

Founded by former Godrej Properties CEO Mohit Malhotra, NeoLiv integrates a fund management business with its development arm, focusing on premium residential projects. The company’s partnership with 360 ONE, formerly known as IIFL Wealth & Asset Management, further strengthens its financial backing and market presence, with 360 ONE making a minority equity investment in NeoLiv.

As NeoLiv embarks on its first project in Sonepat, the company is poised to make a significant impact on the real estate landscape in India, with ambitious plans for future developments and strategic partnerships.

News by Rahul Yelligetti