House of Abhinandan Lodha
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| Company type | Private |
|---|---|
| Industry | Land development |
| Founded | 2021 |
| Founder | Abhinandan Lodha |
| Headquarters | |
Area served | India |
Key people | Abhinandan Lodha (Managing Director) |
| Parent | Lodha Ventures |
The House of Abhinandan Lodha (HOABL) is an Indian land development company headquartered in Mumbai.[1] It has been founded by Abhinandan Lodha and is a subsidiary of Lodha Ventures. The company focuses on residential plotted land developments and has projects in Goa, Himachal Pradesh, Maharashtra, Punjab, and Uttar Pradesh.[1]
History
[edit]The House of Abhinandan Lodha was founded in 2021 by Abhinandan Lodha,[2][3] who previously served as the Deputy Managing Director at Lodha Group,[4][5] a real estate company also based in Mumbai.[6] The company operates as a subsidiary of Lodha Ventures,[7] which was founded by Abhinandan Lodha in 2015.[8] HOABL focuses on land development projects in various locations, including Alibaug, Anjarle, Dapoli, and Neral in Maharashtra, as well as Ayodhya and Goa.[9]
The company launched its first project in April 2021 in the Konkan region of Maharashtra. In 2022, it acquired 51 acres of land in Ayodhya.[10] By 2023, HOABL reported acquiring over 500 acres of land and committed to investing ₹11,000 crore to acquire and develop 3,000–3,500 acres across India in the next 3–4 years.[11][12] As part of this plan, ₹3,000 crore will be invested in Uttar Pradesh alone, including ₹1,200 crore in Ayodhya.[13] By 2024, HoABL had acquired a total of 75 acres in Ayodhya.[14]
HoABL also stated its intention to invest ₹3,000 crore in six other cities, including Amritsar, Khopoli near Mumbai, Nagpur, Shimla, Varanasi, and Vrindavan.[15] In January 2024, media reports indicated that Bollywood actor Amitabh Bachchan purchased land in The Sarayu, a mixed-use project in Ayodhya. In July 2024, actress Kriti Sanon was also reported to have acquired land in the company's Alibaug project, Sol de Alibaug.[16]
In November 2024, HoABL acquired the American Center in the Marine Lines area of South Mumbai for Rs 56 crore.[17]
Partnership
[edit]In June 2023, HOABL partnered with Indigo Hospitality for a restaurant project in Alibaug.[18] Later that year, it formed a joint venture with HDFC Capital Advisors, investing ₹1,500 crore in plotted and low-rise developments across India.[19] In January 2024, HOABL announced a ₹2,000 crore investment in hotels for its existing and upcoming projects, including locations like Ayodhya, Varanasi, Vrindavan, Shimla, and Amritsar.[9] Additionally, it partnered with The Leela Palaces Hotels & Resorts to develop a hotel in Ayodhya in their The Sarayu project.[20]
References
[edit]- ^ a b Mukherjee, Anubhav (4 August 2024). "House of Abhinandan Lodha to invest nearly ₹1,800 crore in residential business expansion, says Chairman". Mint. Retrieved 2024-09-05.
- ^ Sethi, Riya. "FP Journal". Free Press Journal. Retrieved 2024-09-05.
- ^ Babar, Kailash; Somvanshi, Kiran Kabtta (2015-07-20). "Mangal Prabhat Lodha's elder son to helm realty business in succession plan". The Economic Times. ISSN 0013-0389. Retrieved 2024-09-05.
- ^ "Lodha Group buys MacDonald House for Rs. 3,120 crore". The Hindu. 2013-11-29. ISSN 0971-751X. Retrieved 2024-09-05.
- ^ "The high rise of Lodha". www.fortuneindia.com. 2013-03-12. Retrieved 2024-09-05.
- ^ Bundhun, Rebecca (2015-04-16). "Branded Homes Make Waves Among the Elite in India". The New York Times. ISSN 0362-4331. Retrieved 2024-09-05.
- ^ "BS-IMGC India conclave: Redefining role of financiers in housing ecosystem". Business-standard. Retrieved 2024-09-05.
- ^ Khatri, Bhumika (2020-03-12). "Lodha Ventures Backs Real Estate Startup MultiLiving". Inc42 Media. Retrieved 2024-09-05.
- ^ a b Ramnani, Vandana (29 July 2024). "After Ayodhya, The House of Abhinandan Lodha plans to launch projects in Shimla, Amritsar and Vrindavan this year". Hindustan Times. Retrieved 2024-09-05.
- ^ "House of Abhinandan Lodha invests ₹300 crore for a 25-acre land parcel in Ayodhya ahead of Ram Mandir inauguration". Hindustan Times. 13 December 2023. Retrieved 2024-09-05.
- ^ Babar, Kailash (2023-01-18). "Abhinandan Lodha Group to invest over Rs 11,000 crore to acquire, develop land parcels". The Economic Times. ISSN 0013-0389. Retrieved 2024-09-05.
- ^ "Realty firm House of Abhinandan Lodha plans ₹3,000 cr investment in UP". Mint. Retrieved 2024-09-05.
- ^ "The House of Abhinandan Lodha expands footprint in 6 new cities, to invest ₹3000 cr in plotted development projects". Hindustan Times.
- ^ "House of Abhinandan Lodha buys over 352 acres in key cities for Rs 3,000 cr". Business Standard.
- ^ Ramnani, Vandana. "After Ayodhya, The House of Abhinandan Lodha plans to launch projects in Shimla, Amritsar and Vrindavan this year". Hindustan Times.
- ^ "After Amitabh Bachchan, Kriti Sanon now buys a 2,000 sq ft property in Alibaug". Hindustan Times.
- ^ Babar, Kailash (2024-11-30). "House of Abhinandan Lodha buys American Center in South Mumbai's Marine Lines". The Economic Times. ISSN 0013-0389. Retrieved 2024-12-16.
- ^ "The House of Abhinandan Lodha brings Indigo Hospitality to Alibaug". BW Hotelier. Retrieved 2024-09-05.
- ^ Babar, Kailash (2023-08-23). "HDFC Capital, Abhinandan Lodha Group ink JV to invest Rs 1,500 crore in low-rise projects". The Economic Times. ISSN 0013-0389. Retrieved 2024-09-05.
- ^ "Leela Palaces Joins Hands With Abhinandan Lodha Group For Ayodhya's First Luxury Joint Venture - Details". Times Now. 2024-01-08. Retrieved 2024-09-05.