Private Equity

Other Private Equity/Strategic Investments

Residential realty investment co NeoLiv raises funding from 360 ONE

Economic Times  

360 ONE (formerly IIFL Wealth & Asset Management) has entered into a strategic partnership with residential investment and development platform NeoLiv by making a minority entity-level equity investment. Founded by Mohit Malhotra, former managing director of Godrej Properties, NeoLiv is a Sebi-recognized Category II Alternative Investment Fund (AIF) with a plan to raise USD 150 million including a green-shoe option of USD 60 million. It intends to use the funds to set up corporate governance and execution processes, hire top talent and establish a competitive edge in the real estate sector. The integrated residential platform will focus on middle- income housing in the Mumbai Metropolitan Region (MMR) and the Delhi-National Capital Region (NCR) markets. It 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.