Latest news with #AbhinandanLodha
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Business Standard
13-05-2025
- Business
- Business Standard
Lodha Ventures rebrands as Abhinandan Ventures, keeps original trademark
Lodha Ventures has rebranded itself as Abhinandan Ventures. However, the company, which belongs to Abhinandan Lodha, will continue to own the brand 'Lodha Ventures'. The rebranding exercise has nothing to do with the recent trademark dispute between Abhinandan and his elder brother, Abhishek Lodha, a company executive confirmed. 'This (rebranding) resonates with the future-focused, new-age group built on technology, transparency, agility and customer-centricity,' the company stated. Founded in 2015, Lodha Ventures began as a platform to incubate and accelerate high-growth, consumer-centric businesses. Over the years, the group has expanded its reach with ventures spanning real estate (The House of Abhinandan Lodha), private equity (Tomorrow Capital), and education (BeyondSkool). 'Over the years, our group has become synonymous with innovation, and we now would like to capitalise on that equity with a name that truly reflects our identity and evolution. This shift is intended to further reflect the strength and depth of our presence across sectors — from private equity to branded land and differentiated real estate development, among others. While we continue to own the brand 'Lodha Ventures', with all our businesses being new-age, tech-driven, consumer-centric businesses, the new branding allows us to clearly communicate our innovation-first philosophy and ambitious plans for the future,' said Abhinandan Lodha, Chairman, Abhinandan Ventures. Earlier, HoABL, the real estate arm of Abhinandan Ventures, announced its entry into the vertical real estate sector (high-rise buildings) with an investment of Rs 2,500 crore. In January 2025, Abhishek Lodha's Macrotech Developers filed a lawsuit in the Bombay High Court against HoABL over the use of the 'Lodha' name, seeking Rs 5,000 crore in damages. However, the court suggested that both parties resolve the matter through mediation. Later that month, both parties submitted their willingness to pursue mediation. In April 2025, HoABL and Macrotech amicably resolved all outstanding disputes through mediation and under the guidance of their parents.
Indian Express
23-04-2025
- Business
- Indian Express
HoABL enters vertical realty business, to invest Rs 2,500 crore
The House of Abhinandan Lodha (HoABL), a leading land developer, has officially announced its strategic entry into the vertical real estate sector with an investment of Rs 2,500 crore. 'Marking this foray are three marquee projects located across the length of Mumbai —American Culture Centre in Marine Lines, a project overlooking Chowpatty beach and a joint development agreement (JDA) with Mittal Builders in Naigaon,' the company said in a statement. 'With a collective development potential of 3.1 million sq ft, the company expects to generate revenue of Rs 3,500 crore, with a total investment of Rs 2,500 crore. All three projects are expected to be launched from Q2 of FY 2025–26 and would be completed over the next five years,' it added. The funding would be through mix of internal accruals and debt for working capital and pre- sales, said Abhinandan Lodha, Chairman of HoABL. 'With our big bang foray into vertical development — from South Mumbai to North MMR — we aim to address gaps in vertical real estate through multiple projects,' he said. Acquired in December 2024, the American culture centre project has a development potential of approximately 60,000 sq ft and is being developed as a commercial property. The Chowpatty (South Mumbai) project, which has a development potential of around 50,000 sq ft, will be a premier residential project.
Mint
23-04-2025
- Business
- Mint
Brother vs. Brother: Lodha firms face off in Mumbai's hot housing market
Days after an "amicable settlement" hinted at peace in the Lodha family, Abhinandan Lodha's House of Abhinandan Lodha (HoABL) is set to challenge his elder brother Abhishek's Macrotech Developers with a foray into Mumbai's coveted housing market. HoABL, which earlier mainly sold plots outside the Mumbai Metropolitan Region (MMR), is now staking its claim with three initial projects, signaling a fresh battle for market share in India's financial capital. 'The right way to get into this business was horizontal, which was largely unexplored and had a massive room for innovation. We believe now is also the right time to replicate the same on the vertical development side,' said Abhinandan Lodha, chairman of HoABL, during a press briefing in Mumbai on Wednesday. 'Most of our land parcels across India also lend themselves to vertical development in some way or the other.' HoABL will make the foray starting with three projects in the Mumbai region, including an American Culture Center in Marine Lines, a project overlooking Chowpatty beach, and a joint development agreement (JDA) with Mittal Builders in Naigaon. The company plans to invest ₹ 2,500 crore in the three projects, expecting to generate a revenue of about ₹ 3,500 crore. 'We think it will be largely funded through internal accruals and sales. We don't expect to take a debt in excess of ₹ 250 to 300 crore for these projects,' said Lodha. Since its inception, the Abhinandan Lodha firm has focused on plotted development outside the Mumbai Metropolitan Region, a market which is dominated by Macrotech Developers. "MMR is the most lucrative property market among all the top cities, and also the most competitive. Macrotech has scaled up its business solely from a single market like MMR. While the entry of Abhinanda Lodha into Mumbai doesn't threaten Macrotech as of now, it signals direct competition with Macrotech," said a property analyst, who didn't wish to be named. 'While we will be starting vertical development in Mumbai now, which is the hangout of development, we also believe we will be able to carry the same vertical development to a lot of places like Amritsar, Nagpur and, Vrindavan," Lodha said. The announcement comes on the back of the company receiving approvals for two of the three projects including the American Culture Center and the JDA project, construction for both of which will start by December. HoABL also expects to initiate the development of the third project within this fiscal. HoABL also expects the vertical business to make up almost half of their revenues in the next 2-3 years. 'The horizontal business will continue to expand at 30% per annum, that's our stated goal. The vertical business is just starting up but there is an enormous scope to scale it up and in next two or three years both will contribute equal revenue to the business,' he added. HoABL has a land bank of about 3 million square feet in Mumbai and about 1,200 acres in total. Close to 5% of this land is appropriate for vertical construction, Lodha added. Macrotech, which operates under the 'Lodha' brand name, is a dominant real estate player in MMR, followed by Oberoi Realty Ltd and Bengaluru's Prestige Group. In recent years, a number of developers have entered the country's most valuable market, which offers better profit margins compared to any other city. In the coming months, India's largest developer DLF Ltd is set to make its entry into MMR. Bengaluru's Sattva Group is also set to launch its first two projects in the city this year. First Published: 23 Apr 2025, 10:04 PM IST
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Business Standard
23-04-2025
- Business
- Business Standard
HoABL to build high rises in Mumbai; to invest ₹2.5K cr across 3 projects
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 of ₹2,500 crore. The upcoming three high-rise projects are located across the length of the Mumbai-American Culture Centre in Marine Lines, a project overlooking Chowpatty Beach, and a Joint Development Agreement (JDA) with Mittal Builders in Naigaon. All three projects are expected to be launched from the second quarter of 2025-26, and is expected be completed over the next five years, the company said. The company has been conducting planned plotted developments and villas in Mumbai, Maharashtra, Uttar Pradesh, and Goa. The funding would be done through a mix of internal accruals and debt for working capital and pre-sales. "With our big bang foray into vertical development-from South Mumbai to North MMR-we aim to address gaps in vertical real estate through multiple projects that prioritise timely delivery, premium lifestyles, customer centricity and modern infrastructure designed around the needs of today's home buyers,' Abhinandan Lodha, chairman of HoABL, said. In vertical real estate, the company will be operating in the affordable and super-premium segments in cities like Amritsar, Vrindavan, and Nagpur, apart from Mumbai. The company has a land bank of 1,200 acres across India and 3 msf in Mumbai. The company acquired the former American Culture Centre's existing structure with a ground floor and seven-storey spread across 1,337.81 square meters in December 2024 for ₹56 crore. The property will be developed for commercial purposes and has a development potential of 60,000 sq ft. Meanwhile, the planned project at Chowpatty in South Mumbai has a development potential of around 50,000 sq. ft. This will be a premier residential development. The project in Naigaon (Western Mumbai) is being designed as a well-integrated township with a development potential of over 3 msf and will be developed on a revenue-sharing model. HoABL has delivered over 15 msf of land and has another 39 msf of land under active development. Its horizontal real estate business has grown at a compound annual growth rate of 30 per cent for the last five years. It aims to be present in 48 locations across India by FY30. Lodha also stated that the company doesn't see any need to go public but may explore equity participation at the project level. In January 2025, Macrotech filed a lawsuit against HoABL before the Bombay High Court over the use of the brand name 'Lodha', seeking ₹5,000 crore in damages. However, the dispute was recently resolved through mediation.
Hindustan Times
23-04-2025
- Business
- Hindustan Times
HoABL forays into Mumbai real estate market with the launch of three vertical projects, to invest ₹2500 crore
The House of Abhinandan Lodha (HoABL) on April 23 announced its foray into the Mumbai real estate market with the launch of three vertical development projects, backed by an investment of nearly ₹2,500 crore. The projects include an American Culture Center in Marine Lines, a development overlooking Chowpatty Beach, and a Joint Development Agreement (JDA) with Mittal Builders in Naigaon. With a collective development potential of 3.1 million sq. ft., the company expects to generate a revenue of ₹3,500 crore. All three projects are expected to be launched from Q2 FY 2025–26 and would be completed over the next five years, the company said. The funding would be through a mix of internal accruals and debt for working capital and pre-sales, Abhinandan Lodha, chairman of HoABL told reporters, adding the company does not expect to take a debt in excess of ₹250 crore to ₹300 crore. 'We initially chose to explore the horizontal development space, as it was a largely untapped segment with significant potential for innovation. Having successfully established our brand there, we now believe we can bring the same level of innovation and consumer-centric approach to vertical developments. With approvals already secured for two projects, we felt this was the right time to enter the vertical space. While we're in discussions for several land parcels, we currently see strong opportunities in both the ultra-premium and affordable housing segments—areas that offer substantial room for innovation in both consumer experience and construction,' he said. He said that construction for the projects will start by December 2025. The company also aims to replicate its vertical development model in other cities like Amritsar, Nagpur, and Vrindavan—locations that align well with the township concepts it is developing. 'We believe technology, customer-centricity, and innovation are key to delivering on this vision. The gap is especially evident in the affordable housing and super luxury segments,' he said. The overall landbank of HoABL in Mumbai is around 3 mn sq ft. 'We hope to keep expanding as the right opportunity presents itself,' he said. The three vertical assets in Mumbai have a GDV of ₹3700 crore and that is 'a sizable amount to start with and get our development cycle moving. The commercial development will be an iconic development in Mumbai and automatically lend itself to tenants of its nature. The total commitment in terms of project cost is ₹2500 crore,' he said. He said that the company will continue to expand its horizontal business. 'We plan to maintain our targeted growth rate of 30% CAGR annually and aim to continue this momentum in the foreseeable future. While we're still in the early stages, we see tremendous potential to scale rapidly. Our goal is to reach a point within the next two to three years where revenues from vertical and horizontal developments are on par,' he said. The American Culture Center, Marine Lines (South Mumbai), was acquired in December 2024 . This is a ground + 7-storey structure spread across 1,337.81 sq. m., with views of Mumbai harbour to the east and Marine Drive to the west. This project has a development potential of approximately 60,000 sq. ft. and is being developed as a commercial property. Also Read: Lodha versus Lodha: Real estate tycoons settle trademark dispute through mediation Chowpatty in South Mumbai enjoys views of Marine Drive and has a development potential of around 50,000 sq. ft. This will be a premier residential development. Naigaon in Western Mumbai is being designed as a well-integrated township with a development potential of over 3 million square feet and features high-rise residential towers alongside high-street retail. The House of Abhinandan Lodha is a branded land developer. The company has a fully digital sales model and has delivered over 15 mn sq ft of land in less than five years. It has another 39 mn of land under active development. These four plotted developments are located in Anjarle, Dapoli, Neral and Goa. The company has also launched plotted developments in Alibaug, Khopoli, Nagpur and Ayodhya and has launches planned in Amritsar, Shimla, Vrindavan and Varanasi. It aims to be present in 48 locations across the country by FY 2030.
