Abhinandan Lodha Group to invest Rs 110 bn for land acquisition
Real Estate

Abhinandan Lodha Group to invest Rs 110 bn for land acquisition

India's first branded land developer, House of Abhinandan Lodha (HoABL), plans to spend more than Rs 110 billion over the next three to four years to acquire and develop land parcels nationwide in an effort to meet the growing demand for plotted developments and land investments.

The acquisition of land parcels covering at least 3,000 acres in important locations will account for one-third of the planned deployment, or more than Rs. 350,00 million, while the remaining funds will be used for development and operations.

Abhinandan Lodha, MD of HoABL, stated to ET, "We have managed to create a new category of branded land and are looking to take this further by making it more transparent, liquid, and trustworthy with the use of technology." Our belief that there is a significant latent demand for purchasing and investing in land has been bolstered by the responses to our projects thus far.

Since it began operations two years ago, the company has launched four planned developments in Goa, Dapoli, Anjarle, and Neral, and it is on track to achieve sales of Rs 1,000 crore by the end of 2022 and 2023. The business intends to increase its turnover by 2.5 times its performance in 2022-23 in the following fiscal year. HoABL is a division of Lodha Ventures, which Abhinandan Lodha established in 2016 as his second venture into business ownership.

With a top-line of more than Rs 140 billion supporting multiple plotted development launches across India, it hopes to grow its customer base from 5,400 to over 55,000 in the next four years.

India's first branded land developer, House of Abhinandan Lodha (HoABL), plans to spend more than Rs 110 billion over the next three to four years to acquire and develop land parcels nationwide in an effort to meet the growing demand for plotted developments and land investments.The acquisition of land parcels covering at least 3,000 acres in important locations will account for one-third of the planned deployment, or more than Rs. 350,00 million, while the remaining funds will be used for development and operations.Abhinandan Lodha, MD of HoABL, stated to ET, We have managed to create a new category of branded land and are looking to take this further by making it more transparent, liquid, and trustworthy with the use of technology. Our belief that there is a significant latent demand for purchasing and investing in land has been bolstered by the responses to our projects thus far.Since it began operations two years ago, the company has launched four planned developments in Goa, Dapoli, Anjarle, and Neral, and it is on track to achieve sales of Rs 1,000 crore by the end of 2022 and 2023. The business intends to increase its turnover by 2.5 times its performance in 2022-23 in the following fiscal year. HoABL is a division of Lodha Ventures, which Abhinandan Lodha established in 2016 as his second venture into business ownership.With a top-line of more than Rs 140 billion supporting multiple plotted development launches across India, it hopes to grow its customer base from 5,400 to over 55,000 in the next four years.

Next Story
Infrastructure Urban

bauma Conexpo 2024 is the largest edition, with 1,000 exhibitors

India's construction equipment industry is experiencing significant growth, fueled by rapid infrastructure development, expanding mining activities, and increasing urbanisation. bauma Conexpo India will bring together leaders, global players and decision-makers from the international trade fair for construction machinery, building material machines, mining machines and construction vehicles under one roof. The exhibition will host its biannual event at the India Expo Centre, Greater Noida  from 11 to 14 December 2024.In 2023, the exhibition attracted 41,108 participants as well as 601 exh..

Next Story
Infrastructure Transport

Mamnoor Airport to Join Global Aviation Network

The Mamnoor airport in Warangal is gearing up for a transformational milestone that will integrate it into the global aviation network. Once operational, the airport will be capable of accommodating international aircraft such as the Airbus A320 and Boeing B737, widely used by airlines like Air India, Akasa Air, IndiGo, and SpiceJet. The upgrades include a new runway, signal tower, security systems, and other critical infrastructure aligned with DGCA technical and safety standards under the Aircraft Act. Initially, the airport will cater to domestic routes with 100-passenger capacity aircraft,..

Next Story
Building Material

UltraTech Cement's NCD Issuance, Profit Drop

UltraTech Cement Ltd. has approved issuing ?1,000 crore in unsecured redeemable non-convertible debentures (NCDs) through private placement. The NCDs, with a 10-year tenor and an interest rate of 7.22%, will mature on November 24, 2034, and be listed on the National Stock Exchange (NSE). The company’s financial performance in Q2 FY25 revealed a 36% drop in net profit to ?825 crore from ?1,280 crore in the corresponding period last year. Revenue stood at ?15,635 crore, marking a 2% decline year-on-year. Additionally, EBITDA fell by 21% to ?2,019 crore from ?2,550 crore in Q2 FY24, while the o..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000