Mumbai-based real estate platform Neoliv raises INR 300 crore for its first equity-based real estate alternative investment fund.

Mumbai-based residential real estate platform Neoliv, backed by 360 ONE, a wealth and alternatives-focused asset management firm, has raised INR 300 crore in its first fund, which has a total corpus of INR 1,500 crore. This marks the first equity-based real estate alternative investment fund in several years, as most funds are debt-based. The funds will be used to buy land parcels for mid-income high rises and plotted developments in Mumbai MMR, Delhi NCR, and Tier 2 cities.