Sky-High Ambitions: HoABL's Bold Mumbai Expansion

The House of Abhinandan Lodha (HoABL), known for its expertise in plotted developments, has forayed into Mumbai’s vertical real estate market with three major projects collectively expected to generate Rs 3,500 crore in revenue. This marks HoABL’s debut in high-rise urban development, with project launches scheduled for Q2 FY26 and completion projected over five years.

The developments include:

A commercial project at the former American Culture Center site in Marine Lines (60,000 sq. ft.),

A premium residential project near Chowpatty beach (approx. 50,000 sq. ft.), and

A large-scale integrated township in Naigaon (over 3 million sq. ft.), developed in partnership with Mittal Builders.

With a combined development potential of 3.1 million sq. ft., HoABL plans to invest Rs 2,500 crore—funded through internal accruals and debt—primarily for working capital and pre-sales support.

Founded in 2020, the company is targeting Rs 10,000 crore in business volume by FY30. It expects to generate Rs 2,200 crore in revenue in FY25 and around Rs 3,000 crore in FY26. In parallel, HoABL is actively exploring land acquisitions in 13 new locations to grow its plotted development portfolio, aligning with broader national urban infrastructure initiatives.

News by Rahul Yelligetti.