By Team Homes | Friday, 08 November 2024

House of Abhinandan Lodha expands portfolio with Exclusive Homes

On November 8, the Mumbai-based real estate company The House of Abhinandan Lodha (HoABL), which gained notoriety for launching the first opulent plotted development project in Ayodhya shortly after the consecration ceremony of the Ram temple, announced an investment of Rs. 3,000 crore to expand its presence in six additional cities: Amritsar, Shimla Varanasi, Nagpur, Khopoli, and Vrindavan.

Over the course of the six cities, the business has purchased 352 acres of property. According to the corporation, it has purchased over 60 acres in Vrindavan, over 50 acres in Khapoli, which is close to Mumbai, 11 acres in Mashobra, Shimla, more than 100 acres in Nagpur, 75 acres in Varanasi, and over 45 acres in Amritsar.

 

Abhinandan Lodha, founder, The House of Abhinandan Lodha says, “We are entering into six new locations. We are committing Rs. 3,000 crore investment in these new cities. The company will launch around 5,500 plots in these six new cities by June next year”.

Further he added, “Almost half of the investment has been made to buy 352 acres of land and the remaining will be development cost. The company will fund investments through internal accruals and from its platform with HDFC Capital and the company expects $1 billion in revenue from plotted development projects in these six cities”.

“The youngest investor is an 18-year-old and the oldest is 81 years old,” he said.

“We are working on acquiring land in the remaining 32 cities that include both cultural and tourist towns,” he said.

The opening of our new Gurgaon office marks a pivotal moment in our mission to reshape land ownership in India. This expansion isn’t just about scaling operations—it’s about driving a paradigm shift in how Indians perceive land as an investment. We see land as more than a commodity; it’s a catalyst for long-term growth and community empowerment,” said Lodha.

“With over Rs. 1,000 crores invested in strategic acquisitions across key growth markets, we are not only unlocking premium land for investors but also transforming these regions into thriving destinations. Our vision is to make Grade-A land ownership accessible, secure, and a cornerstone of wealth creation for generations to come,” he said.

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