Abhinandan Lodha forays into high-rise real estate in Mumbai

The House of Abhinandan Lodha (HoABL), which is into plotted developments, on Wednesday announced its foray into vertical real estate development.

- RAGHAVENDRA KAMATH

The company, helmed by 43-year-old Abhinandan Lodha, said it will develop three projects in Mumbai—American Culture Center in Marine Lines, a project overlooking Chowpatty beach, and a joint development agreement (JDA) with Mittal Builders in Naigaon.

HoABL's announcement comes days after the Lodha Brothers—Abhishek and Abhinandan, sons of Maharashtra minister Mangal Prabhat Lodha, announced a settlement on the Lodha brand dispute.

With a total development potential of 3.1 million square feet, the company expects to generate revenue of ₹3,500 crore and plans to invest around ₹2,500 crore. All three projects are slated for launch in Q2 of FY 2025-26 and are expected to be completed over the following five years.