House of Abhinandan Lodha Announces ₹2,500 Cr Real Estate Push in Mumbai

The House of Abhinandan Lodha (HoABL) has reportedly made its entry into Mumbai’s real estate landscape by unveiling three vertical development projects, marking a shift from its earlier focus on plotted layouts. These developments, backed by an estimated investment of ₹2,500 crore, include a commercial project at the iconic American Culture Center in Marine Lines, a sea-facing residential development near Chowpatty Beach, and a large-scale township in Naigaon under a joint development agreement with Mittal Builders.

Development Pipeline and Revenue Outlook

The collective potential of the three projects is pegged at 3.1 million sq. ft., with HoABL anticipating a revenue generation of around ₹3,500 crore. The company intends to roll out these projects from Q2 of FY 2025–26, aiming to complete them within five years. Construction is expected to begin by December 2025.

Financing Strategy and Market Positioning

Chairman Abhinandan Lodha was quoted saying that the company will fund the projects through a mix of internal accruals and working capital debt, while keeping total borrowings limited to ₹250–₹300 crore. He explained that the foray into vertical developments follows the success of HoABL’s horizontal ventures and reflects the company's ambition to apply its innovation-led approach to high-rise construction.

Project Highlights Across South and West Mumbai

The Marine Lines project, acquired in late 2024, is a 7-storey commercial building spread over 1,337.81 sq. m., offering views of Mumbai harbour and Marine Drive.

The Chowpatty development is a boutique residential offering with a built-up potential of 50,000 sq. ft.

The Naigaon township is set to become a major residential-retail hub with over 3 million sq. ft. of space.

Long-Term Vision: Pan-India Expansion

HoABL appears keen to replicate its vertical model in cities like Nagpur, Amritsar, and Vrindavan, aligned with its broader township vision. The company has already built and delivered 15 million sq. ft. of land and has 39 million sq. ft. in active development. It is targeting a footprint in 48 locations across India by FY 2030.

Horizontal Portfolio to Remain a Priority

Despite its new direction, HoABL has indicated it will continue to grow its horizontal real estate portfolio. The firm aims for a 30% CAGR and expects its vertical and horizontal business arms to contribute equally to revenues in the next two to three years.

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