In a bold move signaling its expansion into new territories, the House of Abhinandan Lodha (HoABL) has announced its entry into vertical real estate development. Led by Abhinandan Lodha, a visionary in the industry at just 43 years old, the company aims to launch three significant projects across Mumbai. These include the American Culture Center in Marine Lines, a stunning development overlooking Chowpatty Beach, and a collaborative venture with Mittal Builders in Naigaon.

Strategic Expansion in Real Estate

This announcement follows a recent resolution between the Lodha Brothers—Abhishek and Abhinandan, who are the sons of Maharashtra minister Mangal Prabhat Lodha—regarding a long-standing brand dispute. With a total development potential of 3.1 million square feet, HoABL projects an impressive revenue of ₹3,500 crore, supported by an investment plan of around ₹2,500 crore. The company aims to launch all three developments in the second quarter of FY 2025-26, with completion anticipated over the next five years.

Project Breakdown and Investment Plans

HoABL’s funding strategy will leverage a combination of internal funds and debt to cover working capital and pre-sales. Here’s a quick overview of the upcoming projects:

• American Culture Center: A commercial space with nearly 60,000 sq ft of development potential, acquired in December 2024.
• Chowpatty Beach Project: Positioned as a premium offering, this project will span around 50,000 sq ft.
• Naigaon Integrated Township: A massive development with over 3 million sq ft of potential, aimed at creating a vibrant community.

Abhinandan Lodha expressed enthusiasm about this venture, stating, “Our strategic entry into vertical development—from South Mumbai to North MMR—addresses the existing voids in the market. We focus on timely delivery, premium lifestyles, and infrastructure tailored to modern homebuyers.” He emphasized that their teams are dedicated to meeting strict timelines and maintaining regulatory compliance to ensure seamless project execution.

Vision for the Future

Lodha further elaborated on the project designs, noting that each location will embody a unique character and atmosphere. Whether it’s the luxury developments at New Marine Lines and Chowpatty or the thoughtfully planned spaces in Naigaon, the goal remains consistent: to create inspiring environments that resonate with future residents.

Founded in 2020, HoABL is setting ambitious targets, aiming for a business size of ₹10,000 crore by FY30, and intends to achieve an annual growth rate of 30%. The company is forecasting revenues of ₹2,200 crore in FY25 and about ₹3,000 crore in FY26. Additionally, plans are underway to acquire land in 13 new locations for future plotted developments.

Abhinandan Lodha initially established Lodha Ventures in 2015 after a family settlement, and later launched the PE fund Tomorrow Capital in 2018. The non-compete agreement with his brother expired in 2022, allowing both to pursue their respective paths in real estate freely.

In contrast, Macrotech Developers, led by Abhishek Lodha, stands as the second-largest listed developer in India, boasting a market capitalization of ₹136,274 crore.

This strategic expansion by HoABL reflects a dynamic shift in Mumbai’s real estate landscape, promising exciting opportunities for both the company and prospective buyers.