NeoLiv to Develop ₹2,300 Crore Township in Faridabad: A Major Step in Real Estate Expansion
NeoLiv, a prominent real estate firm, is set to develop a 62-acre township in Faridabad, Haryana, with an estimated gross development value of ₹2,300 crore. This project marks a significant milestone for the company, expanding its presence in the rapidly growing NCR region.
Real EstateTownshipFaridabadNeolivDevelopmentReal Estate MumbaiOct 09, 2025
In a recent statement, the company announced that it has entered into a management agreement for developing the 62-acre land at Sector 98 and 99A in Faridabad. The township will primarily offer housing plots and villas, with an estimated gross development value of around ₹2,300 crore. NeoLiv did not disclose the name of the landowner with whom it has signed the management agreement, nor did it reveal the number of plots and villas to be offered or the total investment required to develop this township.
Mohit Malhotra, Founder and CEO of NeoLiv, expressed his enthusiasm about the project, stating, 'This partnership represents a significant milestone for NeoLiv as we announce our largest foray till date in one of the fast-growing regions of NCR.' NeoLiv is already developing projects in the Mumbai Metropolitan Region (MMR) and Sonipat, Haryana, further solidifying its position in the real estate market.
The development of this township is expected to contribute significantly to the local economy and provide much-needed housing solutions in the National Capital Region (NCR). Faridabad, a key city in Haryana, has seen rapid urbanization and economic growth, making it an attractive location for real estate investments. NeoLiv's entry into this market is a strategic move to capitalize on the region's potential and meet the increasing demand for quality housing.
The township project in Faridabad is not just a business venture but also an opportunity to create a sustainable and well-planned community. NeoLiv is committed to delivering high-quality living spaces that meet the needs of modern families. The company's focus on offering housing plots and villas aligns with the growing preference for spacious and customizable homes in the suburban areas.
NeoLiv's expansion into Faridabad is part of a broader trend in the real estate sector, where developers are increasingly focusing on Tier-II and Tier-III cities to tap into the growing demand for affordable and quality housing. The township project is expected to attract a diverse range of homebuyers, including young professionals, families, and investors looking for long-term value appreciation.
In conclusion, the ₹2,300 crore township project in Faridabad is a major step for NeoLiv, marking its largest foray into the NCR region. The project is expected to enhance the company's market presence and contribute to the development of a vibrant and sustainable community in Faridabad.
Frequently Asked Questions
What is the estimated gross development value of the township project in Faridabad?
The estimated gross development value of the township project in Faridabad is around ₹2,300 crore.
What type of properties will be offered in the township project?
The township project will primarily offer housing plots and villas.
Who is the Founder and CEO of NeoLiv?
Mohit Malhotra is the Founder and CEO of NeoLiv.
In which regions is NeoLiv currently developing projects?
NeoLiv is currently developing projects in the Mumbai Metropolitan Region (MMR) and Sonipat, Haryana.
What is the significance of the township project for NeoLiv?
The township project in Faridabad represents a significant milestone for NeoLiv, marking its largest foray into the NCR region and a strategic move to meet the growing demand for housing properties.
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