+
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

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?