The House of Abhinandan Lodha, a real estate firm specializing in residential plotted developments, is set to invest ₹1,800 crore in the current fiscal year to expand its land holdings and develop new projects. This investment will focus on purchasing land and advancing construction as part of the company’s broader growth strategy, according to HoABL.
Since its inception in 2021, the Mumbai-based company has launched around 10 plotted development projects spanning 650 acres in key locations such as Maharashtra, Goa, and Ayodhya. HoABL highlighted the surge in demand for residential plots, particularly in the wake of the COVID-19 pandemic, which has driven buyers toward land ownership.
“In the past three years, we have introduced over 6,000 plots, and by the end of this year, we aim to launch 2,000 more,” HoABL shared during an interview. He detailed the company’s fiscal plans, indicating that of the ₹1,800 crore capital outlay for FY 2024-25, ₹550 crore will be allocated to construction, while the remainder will go toward acquiring land. The company is in a robust financial position, operating debt-free and relying on internal funds to cover this expenditure.
Expanding on future plans, HoABL mentioned that the company has identified 48 cities across India as promising locations for future plotted developments. These cities have been selected based on their infrastructure growth and increasing tourist traffic, which boost their real estate potential. Upcoming projects are set to launch in major cities like Amritsar, Varanasi, and Shimla.
Reflecting on the company’s rapid growth, noted, “The past three years have been remarkable. We’ve developed 650 acres and delivered 150 acres to our buyers.” The company’s journey began in April 2021 with its first 100-acre development in Dapoli, Maharashtra. Uniquely positioned as a technology-driven real estate firm, The House of Abhinandan Lodha markets its properties online, often selling plots without prospective buyers visiting the sites. “Many high-profile individuals, including Amitabh Bachchan, have purchased plots in our projects,” revealed, adding that properties typically sell out within weeks of being launched.
The firm’s pricing strategy has catered to a wide range of buyers, offering plots priced from ₹10 lakh to ₹15 crore, depending on the location. HoABL emphasized the enduring value of land as an asset, particularly when held with clear ownership and long-term goals. “Land in India, with clear title and purpose, is the safest investment,” he stated, underscoring the company’s mission of promoting land as a robust asset class.
Thus far, the company has successfully delivered two projects, including the Dapoli development and an 18-acre project in Goa, with more scheduled for completion by the end of the year.