Real estate firm House of Abhinandan Lodha plans to invest ₹1,800 crore in the financial year 2024-25 to expand its residential business, acquire land, and construct new projects. Chairperson Abhinandan Lodha shared this information with PTI on Sunday, August 4.
According to Lodha, the total capital expenditure for this fiscal year will be around ₹1,800 crore, with ₹550 crore allocated for construction and the remainder for land acquisition.
Founded in 2021, the Mumbai-based company has launched nearly 10 plotted projects across 650 acres in Maharashtra, Goa, and Ayodhya, Uttar Pradesh. Post-pandemic, demand for residential plots has surged, prompting the company to launch over 6,000 plots in the last three years and plan to introduce more than 2,000 plots by the end of the current year.
House of Abhinandan Lodha, which operates debt-free and finances its capital expenditures through internal accruals, has identified 48 cities in India for expansion. The firm aims to capitalize on the potential of these cities, driven by upcoming infrastructure projects and increased tourism.
Plots are sold at prices ranging from ₹10 lakh to ₹15 crore, depending on location, with upcoming launches planned for Amritsar, Varanasi, and Shimla.
The company has already delivered two projects this year and expects to complete more by year-end. House of Abhinandan Lodha is part of Lodha Ventures, established by Abhinandan Lodha after his departure from Macrotech Developers, which operates under the “Lodha” brand. Abhinandan Lodha clarified that while Macrotech Developers and House of Abhinandan Lodha share a common surname, they are distinct entities.
(Legal Parivar has not independently verified this report.)
