Real estate company, The House of Abhinandan Lodha also known as HoABL is specializing in residential plot development. It has announced plans to invest Rs 1,800 crore in the current fiscal year to acquire land and advance construction projects as part of its ambitious expansion strategy. Established in 2021 and based in Mumbai, the company has already launched nearly 10 plotted development projects, spanning 650 acres in key locations such as Maharashtra, Goa, and Ayodhya, Uttar Pradesh.
Chairman Abhinandan Lodha, in an interview with PTI, highlighted the robust demand for residential plots following the Covid-19 pandemic. “Over the past three years, we have launched more than 6,000 plots, and by the end of this calendar year, we aim to launch over 2,000 more,” Lodha stated.
Discussing the company’s financial strategy for the 2024-25 fiscal year, Lodha revealed that Rs 1,800 crore has been earmarked for capital expenditure, with Rs 550 crore allocated for construction and the remainder designated for land acquisition. He emphasized that the company remains net debt-free and plans to finance these investments through internal accruals.
As part of its expansion efforts, The House of Abhinandan Lodha has identified 48 cities across India with significant potential for plotted development, driven by existing or upcoming infrastructure projects and a growing influx of tourists. The company is set to launch new housing plots in cities like Amritsar, Varanasi, and Shimla.
Reflecting on the company’s growth, Lodha described the past three years as “quite tremendous,” noting the successful launch of around 650 acres of housing plots and the delivery of 150 acres. “We started this company in April 2021, with our first project covering 100 acres in Dapoli, Maharashtra. As a technology-driven company, we market our properties globally online, with most customers purchasing without site visits,” he added.
The company’s projects have attracted high-profile buyers, including Amitabh Bachchan, and typically sell out within weeks of launch. Plots have been sold in a price range of Rs 10 lakh to Rs 15 crore, depending on the location. Lodha emphasized the value of land as a long-term investment, stating, “Land in India, when held with clear possession, title, and goals, is the best bet.”
HoABL Group has successfully delivered two projects, including its inaugural 100-acre project in Dapoli and an 18-acre development in Goa. The company expects to complete and deliver more projects by the end of this calendar year.
As part of Lodha Ventures, Lodha HoABL operates independently from Macrotech Developers, the publicly listed entity managed by Abhinandan’s elder brother, Abhishek Lodha. “We are very clear about the distinction between our companies. While Macrotech Developers markets its properties under the ‘Lodha’ brand, our brand, ‘House of Abhinandan Lodha,’ is entirely separate and distinct,” Abhinandan Lodha clarified.