Mumbai: We’ve all heard—and often believed—that real estate prices in India’s major cities are on an unstoppable rise, with property values expected to skyrocket in the coming years. But here’s a game-changing update from the real estate sector that might surprise you. In response to the soaring demand for housing plots, real estate firm The House of Abhinandan Lodha (HOABL) is aggressively expanding, planning to acquire land in 13 new cities for plotted development projects.
As part of its ambitious strategy to establish a presence in 30 cities by March next year, HOABL, which is already active in Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh, has set a bold target: reaching an annual sales figure of ₹10,000 crore by 2029-30.
Founder Abhinandan Lodha revealed in an interview with PTI that the company expects to sell plots worth ₹2,200 crore during the current fiscal year. By the financial year 2029-30, the firm aims to scale up its annual sales to a staggering ₹10,000 crore. Currently, the company has already acquired land in 17 locations across multiple states and is actively seeking to expand further.
“We are constantly looking to buy land. It’s a daily exercise for us. We are looking to acquire land in 13 new cities, which we hope to finalize by March 2026,” Abhinandan Lodha stated while speaking on the sidelines of a CREDAI conference in Nashik, Maharashtra.
Additionally, HOABL plans to begin construction in the seven remaining locations where it already owns land within the next six months.
Founded in 2021, The House of Abhinandan Lodha has rapidly emerged as a major player in the real estate market. The company has already launched multiple plotted development projects spanning 1,000 acres across 10 cities in Maharashtra, Goa, and Uttar Pradesh.
With a firm belief that land ownership will see a significant rise in demand, HOABL is positioning itself to capitalize on this trend by offering legally approved, clean-titled land parcels to both end-users and investors.
It’s worth noting that in November last year, HOABL announced an investment of ₹3,000 crore to fuel its expansion into six new cities. The company has already secured 352 acres of land in Amritsar, Vrindavan, Varanasi, Shimla, Nagpur, and Khopoli near Mumbai as part of this aggressive growth plan.
With the real estate market evolving rapidly, this bold expansion strategy by The House of Abhinandan Lodha is one to watch, as it could reshape property investment trends and demand across multiple cities in India.
