NeoLiv, a residential investment and development platform founded by Mohit Malhotra, plans to launch 10 projects with a revenue potential of Rs 12,000 crore over the next 3-4 years. The company has already received permission from SEBI to raise $150 million through a category II Alternate Investment Fund. NeoLiv intends to develop residential projects in Delhi and Mumbai and has identified 13 projects for due diligence.
Welspun One Logistics Parks (WOLP) plans to invest over Rs 600 crore to develop a Grade-A, in-city warehousing facility in Thane near Mumbai. The facility will support urban last-mile delivery and is expected to be operational in the second half of 2025. WOLP aims to create a portfolio of 16-18 million sq ft over the next 4-5 years across tier 1 and 2 cities, with an overall investment of over Rs 8,000 crore.
Mittal, with over 20 years of experience in the real estate industry across ICICI Prudential AMC, ICICI Bank, ASK Property Investment Advisors and First Rand Bank, is planning to start his own real estate fund. He has been instrumental in building MO Alternates real estate investment platform and following this development, the firm has elevated Saurabh Rathi and Anand Lakhotia as the co-heads for the real estate platform.
Wealth and alternates-focused asset firm 360 ONE, erstwhile IIFL Asset Management, has entered into a strategic partnership with residential investment and development platform NeoLiv by making a minority entity-level equity investment. 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.