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Abhinandan Lodha forays into high-rise real estate in Mumbai
Financial Express Mumbai
|April 24, 2025
The House of Abhinandan Lodha (HoABL), which is into plotted developments, on Wednesday announced its foray into vertical real estate development.
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.
Bu hikaye Financial Express Mumbai dergisinin April 24, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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