HoABL to build high rises in Mumbai; to invest ₹2.5K cr across 3 projects

The funding would be through a mix of internal accruals and debt for working capital and pre-sales

Branded land developer, The House of Abhinandan Lodha (HoABL), on Wednesday announced its foray into the vertical real estate sector, with the construction of three marquee projects located across Mumbai.

 

With a collective development potential of 3.1 million square feet, the company expects to generate revenue of ₹3,500 crore, with an investment of ₹2,500 crore.

 

This is the first time HoABL is getting into vertical real estate, as it was in a non-compete agreement with his elder brother Abhishek Lodha’s Macrotech Developers from 2017 to 2022.

 

The upcoming three high-rise projects are located across the length of the Mumbai-American Culture