The House of Abhinandan Lodha to invest Rs 18 Bn: Chairman
Real Estate

The House of Abhinandan Lodha to invest Rs 18 Bn: Chairman

According to a top company official, The House of Abhinandan Lodha, a real estate firm specialising in residential plot development, plans to invest Rs 18 billion this fiscal year on land acquisition and project construction as part of its expansion strategy. Formed in 2021 and based in Mumbai, the company has already launched nearly 10 plotted development projects spanning 650 acres across Maharashtra, Goa, and Ayodhya in Uttar Pradesh.

The Chairman, Abhinandan Lodha, highlighted that the demand for housing plots has surged following the Covid pandemic. He mentioned that over the past three years, the company has introduced more than 6,000 plots and intends to launch an additional 2,000 plots by the end of the current calendar year.

Regarding the investment plan for the fiscal year 2024-25, Lodha stated that the total capital expenditure is estimated to be around Rs 18 billion, with Rs 5.5 billion allocated for construction and the remainder for land acquisition. He also noted that the company is net debt-free and will finance this expenditure through internal accruals.

Lodha elaborated on the expansion plan, revealing that the company has identified 48 cities across India with significant potential for plotted development due to existing or upcoming infrastructure projects and increased tourism. The company is set to launch housing plots in cities such as Amritsar, Varanasi, and Shimla.

Reflecting on the company?s progress, Lodha described the past three years as "quite tremendous," citing the launch of approximately 650 acres of housing plots and the delivery of 150 acres. He mentioned that the company?s first development, which began in April 2021, was a 100-acre project in Dapoli, Maharashtra. As a technology-driven company, it markets its properties online globally, with very few customers visiting sites before making a purchase.

Lodha also shared that several celebrities, including Amitabh Bachchan, have purchased plots from the company's projects, and noted that these projects typically sell out within weeks of their launch. The price range for plots has varied from Rs 10 lakh to Rs 15 crore, depending on location. He emphasised that land in India, when held properly with clear possession, title, and goals, is a valuable asset. Promoting land as an asset class has been a core theme of the company.

The company has delivered two projects to date: the first at Dapoli and another 18-acre development in Goa. The House of Abhinandan Lodha is a part of Lodha Ventures, which was established by Abhinandan Lodha after his departure from Macrotech Developers (formerly Lodha Developers). Abhishek Lodha, his elder brother, manages the listed entity Macrotech Developers under the Lodha brand. Abhinandan Lodha clarified that while the names may sound similar, House of Abhinandan Lodha is distinct from Macrotech Developers, highlighting the clear branding distinction between the two entities.

According to a top company official, The House of Abhinandan Lodha, a real estate firm specialising in residential plot development, plans to invest Rs 18 billion this fiscal year on land acquisition and project construction as part of its expansion strategy. Formed in 2021 and based in Mumbai, the company has already launched nearly 10 plotted development projects spanning 650 acres across Maharashtra, Goa, and Ayodhya in Uttar Pradesh. The Chairman, Abhinandan Lodha, highlighted that the demand for housing plots has surged following the Covid pandemic. He mentioned that over the past three years, the company has introduced more than 6,000 plots and intends to launch an additional 2,000 plots by the end of the current calendar year. Regarding the investment plan for the fiscal year 2024-25, Lodha stated that the total capital expenditure is estimated to be around Rs 18 billion, with Rs 5.5 billion allocated for construction and the remainder for land acquisition. He also noted that the company is net debt-free and will finance this expenditure through internal accruals. Lodha elaborated on the expansion plan, revealing that the company has identified 48 cities across India with significant potential for plotted development due to existing or upcoming infrastructure projects and increased tourism. The company is set to launch housing plots in cities such as Amritsar, Varanasi, and Shimla. Reflecting on the company?s progress, Lodha described the past three years as quite tremendous, citing the launch of approximately 650 acres of housing plots and the delivery of 150 acres. He mentioned that the company?s first development, which began in April 2021, was a 100-acre project in Dapoli, Maharashtra. As a technology-driven company, it markets its properties online globally, with very few customers visiting sites before making a purchase. Lodha also shared that several celebrities, including Amitabh Bachchan, have purchased plots from the company's projects, and noted that these projects typically sell out within weeks of their launch. The price range for plots has varied from Rs 10 lakh to Rs 15 crore, depending on location. He emphasised that land in India, when held properly with clear possession, title, and goals, is a valuable asset. Promoting land as an asset class has been a core theme of the company. The company has delivered two projects to date: the first at Dapoli and another 18-acre development in Goa. The House of Abhinandan Lodha is a part of Lodha Ventures, which was established by Abhinandan Lodha after his departure from Macrotech Developers (formerly Lodha Developers). Abhishek Lodha, his elder brother, manages the listed entity Macrotech Developers under the Lodha brand. Abhinandan Lodha clarified that while the names may sound similar, House of Abhinandan Lodha is distinct from Macrotech Developers, highlighting the clear branding distinction between the two entities.

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Next Story
Equipment

JK Tyre opens Truck Wheels Centre in Muzaffarnagar

JK Tyre & Industries has expanded its retail footprint with the launch of a new JK Tyre Truck Wheels Centre in Muzaffarnagar, Uttar Pradesh. Operated by Hemkunt Transport Company, the facility is located strategically on the Muzaffarnagar-Bhopa State Highway and spans 7,500 square feet.The brand shop offers a complete range of services for commercial vehicles, including tyre sales, fittings, servicing, and a product display to guide customer choices. It is equipped with trained technical advisors, an information kiosk, and JK Tyre’s range of Smart and Fuel Efficient tyres.“In key trans..

Next Story
Products

World Health Day: Merino pushes wellness with FABWood innovation

On World Health Day, Merino Industries highlighted the importance of health-first materials in interior spaces with its advanced chipboard solution, FABWood. Designed to promote indoor well-being, FABWood uses E1-grade chipboard that significantly reduces formaldehyde emissions—addressing key concerns about indoor air quality and safety.FABWood is built with Merino’s proprietary ChipWeave Technology, delivering strength, impact resistance, and screw-holding power—making it ideal for furniture, panelling, and structural applications. The product blends durability with sustainable innovati..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?