Abhinandan Lodha, President, A Abhinandan Lodha House (Hoabl)
The House of Abhinandan Lodha (HOABL), centered prior to the development of land outside Mumbai, has announced its incursion into the city’s vertical real estate market with three new projects that the Mumbai Metropolitan Region (MR) is expected.
The company will develop properties in marine lines, Chowpatty and Naigaon, which covers a combined development potential of 3.1 million SQ. FT. With a total investment of ₹ 2,500 million rupees. These will mark Hababl’s entry not only in the construction of great height, but also in the Mumbai real estate market.
“With our Big Bang incursion into vertical development, from South Mumbai to North MMR, our goal is to address the gaps in vertical real estate through multiple projects that prioritize timely delivery, premium lifestyles, the client of the tool and the center of modernity or modernity modernity and modernity and modern nedomer or modern Modernity and modernity and modern nedomer or modern and modernity and modernity and modernity and modernity, nedomers, in ausas, absentee, in ausas, in ausas, absent, absentee.
Premium projects
The project of the American Culture Center in marine lines, acquired in December 2024, will become 60,000 SQ. Ft. Commercial Property offered by Marine Drive views. The Chowpatty project will be a premium residential development with a similar scale and seen to the sea.
The Naigoon project, the largest of the three, will be developed as an integrated municipality with high -rise residential towers and high -qualification retailer, under a Joint Development Agreement (JDA) with mitteon builders.
The company plans to launch the three projects from the first quarter of fiscal year 2016, and the completion is expected about five years. The financing will come from internal acruals and debt, with loans limited to ₹ 250–3 billion rupees.
Affordable housing
Lodha pointed out Hoabl’s intention to serve the luxury and affordable housing segments. “At this time, we are open to play two ends on the market,” he said. The company points to a uniform income division between its vertical and horizontal businesses in the coming years.
The Horizontal land business of Hoabab, which forms 95 percent of its 1,500 acres countries, will continue the annual 30 percent expansion.
In adjusted family disputes, Lodha said: “Whatever the dispute within the family … we solved it and we are all happy as a result.” He added that a non -competence agreement that prohibits it with certain geographies expired in 2022.
Trustcap advised Hoabl about Naigaon Jda. The key members leading to this vertical impulse include Rakesh Pai, Shivayogi Hiremath and Jaimin Desai.
Posted on April 23, 2025
