Real estate developer NeoLiv has announced plans to develop a 62-acre township in Faridabad, Haryana, with an estimated revenue potential of ₹2,300 crore, as part of its strategy to expand operations amid growing housing demand.
In a statement on Thursday, the company confirmed it has entered into a management agreement to develop land spanning Sectors 98 and 99A in Faridabad. The upcoming township will primarily feature housing plots and villas, with an estimated gross development value (GDV) of around ₹2,300 crore. However, the real estate developer did not disclose details about the landowner, total number of units, or the investment outlay for the project.
Mohit Malhotra, founder and CEO of NeoLiv, said, “This partnership represents a significant milestone for NeoLiv as we announce our largest foray to date in one of the fast-growing regions of NCR.”
Currently, NeoLiv is also developing projects in the Mumbai Metropolitan Region (MMR) and Sonipat, Haryana, as it continues to strengthen its presence across major real estate markets.
With this Faridabad project, NeoLiv aims to tap into the surging demand for plotted developments and premium housing in NCR, further solidifying its position as a fast-growing player in India’s real estate sector.
