NeoLiv Plans ₹500 Cr Luxury Golf Township in Faridabad

REAL-ESTATE
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AuthorRiya Kapoor|Published at:
NeoLiv Plans ₹500 Cr Luxury Golf Township in Faridabad
Overview

NeoLiv announced a ₹500 crore investment to develop a 47-acre luxury golf-led plotted township in Faridabad. The company recently achieved Rs 1,251 crore in sales from plot launches, indicating strong demand for premium developments in the NCR region.

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NeoLiv is set to inject ₹500 crore into developing a sprawling 47-acre luxury township in Faridabad, featuring a significant golf component. This investment highlights NeoLiv's focus on premium, large-scale real estate projects.

Strong Recent Sales Boost Expansion

The developer recently reported strong sales performance, achieving ₹1,251 crore in sales from 285 plots. These plots sold for between ₹2.88 crore and ₹9.94 crore, showing strong demand for premium plotted developments. The new Faridabad project is expected to be completed by March 2031 and will be managed under a development management contract with a local partner.

Faridabad: A Growing Real Estate Hub

Faridabad has become a key market in the National Capital Region (NCR), driven by the operational Delhi-Mumbai Industrial Corridor. The area is seeing growing demand for high-end plots, thanks to good local amenities and infrastructure. This includes advanced healthcare facilities like Amrita Hospital and reputable educational institutions, making it an attractive location for buyers seeking quality.

Mohit Malhotra, NeoLiv's Founder and CEO, said, "We believe that well-designed, unique projects perform well in any market. This belief guided the creation of this golf-greens township from day one."

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