The House of Abhinandan Lodha announced a foray into six new cities, including Amritsar, Varanasi and Vrindavan, to build plotted development projects with an investment of Rs 3,000 crore. Mumbai-based The House of Abhinandan Lodha, which was formed in 2021, sells only residential plots across Maharashtra, Goa and Ayodhya in Uttar Pradesh.
Of the total Rs 3,000 crore investment, Lodha said half of the investment has been made to buy 352 acres of land and the remaining will be development cost.
Lodha said the company will fund investments through internal accruals as well as from its platform with HDFC Capital.
The company expects around USD 1 billion in revenue from plotted development projects in these six cities, he added. Since its inception, The House of Abhinandan Lodha has already launched many plotted development projects covering 850 acres. It has already delivered 150 acres.
The company aims to make Grade-A land ownership accessible, secure, and a cornerstone of wealth creation for generations to come, he added.
