The House of Abhinandan Lodha (HOABL) is an Indian land development company based in Mumbai.[1] It was founded by Abhinandan Lodha and operates as a part of Lodha Ventures. The company focuses on plotted land developments and has projects in Maharashtra, Goa, and Uttar Pradesh.[1]
 | |
| Company type | Private |
|---|---|
| Industry | Land development |
| Founded | 2021 |
| Founder | Abhinandan Lodha |
| Headquarters | |
Area served | India |
Key people | Abhinandan Lodha (Managing Director) |
| Parent | Lodha Ventures |
History
editThe 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's first project was launched in April 2021 in Konkan, Maharashtra. In 2022, it acquired land in Ayodhya.[10] At the Uttar Pradesh Global Investors Summit in February 2023, the company announced plans to invest approximately ₹1,800 crore in over 600 acres of land across Uttar Pradesh.[11] By 2023, The House of Abhinandan Lodha had acquired over 500 acres of land and planned to develop additional land across India, including 25 acres in Ayodhya. The company also announced plans for a mixed-use development in Ayodhya.[12]
Partnership
editIn June 2023, HOABL partnered with Indigo Hospitality for a restaurant project in Alibaug.[13] Later that year, it formed a joint venture with HDFC Capital Advisors, investing ₹1,500 crore in plotted and low-rise developments across India.[14] 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.[15] Additionally, it partnered with The Leela Palaces Hotels & Resorts to develop a hotel in Ayodhya.[16]
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.
- ^ 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.
- ^ "Realty firm House of Abhinandan Lodha plans ₹3,000 cr investment in UP". Mint. 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.
- ^ "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.
- ^ 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.
- ^ "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.