NeoLiv, in partnership with Royal Green Realty, is entering North India's real estate market with a major project in the Kundli-Sonipat Master Plan area. This 20-acre development, valued at over INR 600 crore, will feature premium villas, independent floors, and custom plots, along with a clubhouse designed by international architects. The project aims to meet the rising demand in the National Capital Region (NCR) driven by the nearby Maruti Suzuki plant, Asia's largest automobile facility. NeoLiv's CEO Mohit Malhotra and Royal Green's Managing Director Yashank Wason highlight the project's potential to enhance Sonipat's real estate landscape.
NeoLiv, a developer in India, is making its entry into the North Indian real estate market through a new partnership with Royal Green Realty. This collaboration focuses on a significant development project located in the Kundli-Sonipat Master Plan area, just a short drive from the upcoming Maruti Suzuki manufacturing plant, which is set to become Asia's largest automobile facility. This strategic move aims to create a modern living community that caters to the needs of the growing population in the National Capital Region (NCR).
The planned development spans 20 acres and has an estimated gross development value exceeding INR 600 crore. It will feature a mix of residential options, including premium villas, independent floors, and custom-designed plots. Additionally, the project will include a clubhouse designed by international architects, enhancing the living experience for future residents. The layout promises spacious internal roads and one of the largest central parks in the region, promoting a safe and sustainable environment for families.
Mohit Malhotra, the Founder and CEO of NeoLiv, expressed enthusiasm about this new venture, stating that it marks a significant milestone for the company as it expands its footprint in the NCR. He highlighted the support from ultra-high-net-worth individual (UHNI) investors and emphasized the team's extensive experience in delivering quality living spaces. This development is expected to attract a range of buyers, from young professionals to families seeking a modern lifestyle.
Sonipat is rapidly evolving into a key hub within the NCR, thanks to ongoing urbanization and infrastructure improvements. The city is well-connected through a network of highways and roads, making it an appealing choice for both residents and businesses. The demand for real estate in Sonipat has surged, driven by the influx of people seeking better living conditions and job opportunities. The establishment of the Maruti Suzuki plant is a significant factor in this growth, as it promises to create thousands of jobs and stimulate the local economy.
Yashank Wason, Managing Director of Royal Green Realty, emphasized the importance of this partnership in transforming the real estate landscape in Haryana. He noted that both companies share a vision of creating sustainable and high-quality residential spaces. This project is seen as a vital step towards meeting the increasing demand for modern housing in the region. As the real estate market continues to expand, collaborations like this one are essential for addressing the needs of a growing population and enhancing the overall quality of life in Sonipat.
With the backing of experienced developers and a clear vision for the future, the Kundli-Sonipat project is poised to set new standards in residential living. As North India continues to develop, initiatives like this will play a crucial role in shaping the region's real estate market and providing residents with the amenities and environment they desire.
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