The House of Abhinandan Lodha (HoABL) has announced a significant shift in its real estate strategy, entering the vertical development space with three ambitious projects in Mumbai. Known for its plotted developments, the company, led by 43-year-old Abhinandan Lodha, is now set to deliver premium and integrated residential and commercial offerings across Marine Lines, Chowpatty, and Naigaon.
This strategic move follows a recent resolution between the Lodha brothers, Abhishek and Abhinandan, over the use of the Lodha brand, clearing the way for independent growth trajectories. The three new Mumbai projects mark HoABL’s first foray into vertical real estate and together represent a total development potential of 3.1 million sq ft, with an estimated revenue generation of Rs 3,500 crore. The company has earmarked an investment of Rs 2,500 crore, which will be funded through a mix of internal accruals and debt, primarily to support working capital and pre-sales activities.
HoABL’s Mumbai expansion includes a commercial redevelopment of the former American Culture Center in Marine Lines, acquired in December 2024. This project will offer approximately 60,000 sq ft of premium space. Meanwhile, the Chowpatty beach-facing project—positioned as a luxury development—will span 50,000 sq ft. The largest of the three, a joint development agreement (JDA) with Mittal Builders in Naigaon, will transform into a sprawling integrated township with a development potential of over 3 million sq ft.
Speaking about the launch, Abhinandan Lodha, chairman of HoABL, stated, “With our big bang foray into vertical development—from South Mumbai to North MMR—we aim to address gaps in vertical real estate through multiple projects that prioritise timely delivery, premium lifestyles, customer centricity, and modern infrastructure designed around the needs of today’s homebuyers.” He added that each site has been selected and conceptualised with a unique design language reflective of its local character—from luxury offerings in South Mumbai to functional, modern townships in the suburbs.
Established in 2020, HoABL is targeting a business size of Rs 10,000 crore by FY30, aiming for an annual growth rate of 30%. The company has projected revenues of Rs 2,200 crore for FY25 and Rs 3,000 crore for FY26, alongside plans to acquire land across 13 new locations for future plotted projects. Abhinandan Lodha had previously founded Lodha Ventures in 2015 after parting ways with his brother and launched Tomorrow Capital, a private equity fund, in 2018. Their five-year non-compete agreement—prohibiting real estate development in Mumbai and London—expired in 2022, opening new doors for competition and innovation in the sector.
While Macrotech Developers, run by Abhishek Lodha, remains a dominant player with a market capitalisation of Rs 1.36 lakh crore and the second-largest listing among Indian developers, HoABL is now poised to establish a strong foothold in the vertical real estate space with its uniquely curated, customer-first projects. As the Mumbai real estate market continues to evolve, this bold step could mark a new chapter in the city’s development narrative—one rooted in design excellence, urban integration, and timely execution.
Source: Financial Express
