Listening Post

Betting big on realty growth

Wealth and alternatives-focused asset firm 360 ONE (erstwhile IIFL Wealth)- backed residential real estate platform NeoLiv has raised over R300 crore as first close of its alternative investment fund (AIF ), Inliv Real Estate Fund, from family offices and ultrahigh net-worth individuals across the country. The fund, SE BI registered category II AIF , is aiming to raise a total of over R1,200 crore including a greenshoe option, to develop high quality, middle-income residential properties in MMR and NCR regions, and plotted development opportunities in Tier II cities. The RE platform, Neo- Liv is founded by Mohit Malhotra, former MD & CEO of Godrej Properties, and 360 ONE , the wealth and alternatives- focused asset management firm with $50 billion assets under management to explore the opportunities in the growing realty market. The integrated platform launched in January 2023, will have both fund management and in-house development capabilities. A significant portion (around 50 per cent) of the raised capital will be allocated to plotted development. NeoLiv aims to launch 10 residential projects in the next couple of years, with a mix of six plotted in Tier II cities and four group housing projects, primarily in Delhi-NCR and Mumbai. The platform is designed to control the entire life cycle of a real estate project, from financing to handover, providing homebuyers the security of timely delivery. For investors, the platform aims to provide an opportunity to invest at the land stage and derive developer-level margins in the residential real estate sector.

Exploring avenues

The Singapore-headquartered ETP Group, one of the leading retail and e-commerce software companies is betting big on the fast-growing Indian organised retail market. The company founded in 1988 by Naresh Ahuja and catering to 500 global brands like Lacoste, Addidas, ITC , Titan DKNY, Bose, Mango, Rolex and Rado, across 24 countries in Asia, has launched two innovative platforms – Or dazzle and ETP Unify – to redefine the retail and e-commerce landscape in India. Built for both online only and onlineoffline retail businesses of all sizes, the two platforms offer top-of-the-line capabilities in streamlining multiple operations to ensure seamless and consistent customer experiences, there by driving loyalty and business growth. With these two innovative software solutions, ETP which serves 40,000 stores & web stores and facilitates sale of $20 billion worth merchandise across 30 million end consumers annually through its software solutions, is all set to boost its offering in a big way in the R3,500-crore Indian retail and e-commerce software market. So far, the company had only one software product – ETP V5 that provides omni-channel solutions including omni-channel POS , mobility, CRM , marketing & promotion campaigns, order management & supply chain management, and merchandise & assortment planning. Ordazzle and ETP Unify, are being simultaneously launched in India. The cloudnative, AI -powered SAAS platforms are built for scale. The platforms offer unmatched scalability and a beautiful, intuitive user interface that ensures rapid adoption with minimal training time. With these platforms, retailers can effortlessly navigate the complexities of both physical retail and e-commerce, improve cash flow management and profitability, and deliver exceptional customer experiences that are consistent and channel-agnostic.