Royal Green Realty was founded in 2018 and is run by Yashank Wason and Varun Kumar Makhija.
Real estate firm NeoLiv has entered into a partnership with Royal Green Realty to jointly develop a 20-acre residential project in Kundli-Sonipat in Haryana. The estimated revenue potential is over Rs 600 crore.
The company on Tuesday announced its entry into the North Indian market through a joint development partnership with Royal Green Realty. The residential project, located in Kundli-Sonipat Master Plan, will be spread over an area of 20 acres.
“The 20-acre development with a gross development value of over Rs 600 crore will consist of premium villas, independent floors, custom-designed plots and an internationally designed clubhouse,” NeoLiv said in a statement.
Mohit Malhotra, Founder and CEO of NeoLiv, said, “This acquisition is a significant milestone for NeoLiv as we announce our first project in the NCR region.
“With the support of UHNI (ultra high net worth individual) investors through our Sebi-approved fund and led by a highly experienced team with over 100 years of collective expertise, we aim to provide an exceptional living experience to our customers,” he added.
To expand their operations in a time of high demand for housing, real estate developers are buying up land and partnering with landlords to build real estate projects.
Strategically located at the intersection of the Delhi Peripheral Road and a major arterial route to North India, Sonipat is fast emerging as a major hub in the National Capital Region (NCR), the company said.
NeoLiv was founded by Mohit Malhotra (former MD & CEO of Godrej Properties) and industry experts in collaboration with 360 ONE, an asset manager with over USD 50 billion in assets under management.
All NeoLiv projects are backed by a Sebi regulated AIF fund, ensuring clients financial security and timely completion of projects.
Founded in 2018, Royal Green Realty is headed by Yashank Wason and Varun Kumar Makhija. Royal Green Realty has been committed to raising the standards of residential, commercial and industrial developments since its inception.
(Only the headline and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First publication: Aug 27, 2024 | 4:08 PM IST