Latest news with #HoABL
Hindustan Times
27-05-2025
- Business
- Hindustan Times
Amitabh Bachchan expands real estate portfolio in Ayodhya with 25,000 sq ft land purchase worth nearly ₹40 crore
Bollywood icon Amitabh Bachchan has expanded his real estate footprint in Ayodhya, home to the Ram Mandir, with the purchase of another land parcel—this time a 25,000 sq ft plot adjacent to The Sarayu, a luxury plotted development by Mumbai-based real estate firm The House of Abhinandan Lodha (HoABL). The deal is valued at nearly ₹40 crore, sources told HoABL declined to comment on the deal. The Bollywood actor could not be reached. This latest acquisition follows Bachchan's earlier investment in 2024, when he purchased a 10,000 sq ft plot in The Sarayu, HoABL's flagship 7-star mixed-use enclave in Ayodhya, for ₹14.5 crore. In March 2025, a report published in TOI revealed that Bachchan had acquired a 54,454 sq ft plot located about 10 km from the Ram Mandir, under the name of the Harivansh Rai Bachchan Trust. Reports suggested that the land may be used to establish a memorial dedicated to the life and literary contributions of his father, the iconic Hindi poet Harivansh Rai Bachchan. Before the grand inauguration of the Ram Temple in 2024, Amitabh Bachchan had bought a 5,372-square-foot plot in Haveli Avadh for ₹4.54 crore, the report had said. Additionally, the veteran actor had purchased a 10,000 sq ft land parcel in Alibaug for ₹10 crore—also from HoABL—further diversifying his luxury real estate portfolio. According to a report by Liases Foras titled "Ayodhya – A Rising Global Spiritual Capital," the city's real estate market is undergoing a significant transformation, driven by rising land values and increasing interest in both spiritual tourism and long-term investment. The report notes that land prices in Ayodhya have grown at a compound annual growth rate (CAGR) of 19%, with projections suggesting this could reach 25% by 2035. Over the past five years, Ayodhya's growth has been fueled by large-scale infrastructure projects, including the expansion of the international airport, improved road and rail connectivity, and the construction of the Ram Mandir. Land values in key areas such as the Sarayu riverfront and the Ram Mandir corridor have appreciated more than 4.5 times between 2020 and 2025, the report noted. The city is also witnessing a hospitality boom, with over 50 new hotel projects underway. Leading luxury hotel chains such as The Leela, Taj, and The Oberoi are setting up properties in Ayodhya, further cementing its status as a high-potential destination. The House of Abhinandan Lodha (HoABL), a branded land developer established in 2020, has delivered over 15 million sq ft of developed land and has more than 30 million sq ft under active development. HoABL has expanded across key locations including Ayodhya, Goa, Alibaug, Anjarle, Dapoli, Neral, Khopoli, and Nagpur in Maharashtra, with upcoming projects in Shimla, Amritsar, Varanasi, Vrindavan, Khopoli, and Nagpur. It aims to expand to 48 cities across India. HoABL has also entered vertical real estate development in Mumbai, with three projects across Marine Lines, Chowpatty, and Naigaon, offering a combined development potential of over 3.1 million square feet.
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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.
Time of India
24-04-2025
- Business
- Time of India
House of Abhinandan Lodha (HoABL) announces 3 mega projects in Mumbai, eyes Rs 3,500 crore revenue
MUMBAI: The House of Abhinandan Lodha (HoABL) on Wednesday announced its entry into the vertical real estate sector with three marquee projects located across Mumbai—American Culture center in Marine Lines, a project 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 said it 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 FY 2025–26 and would be completed over the next five years.
Time of India
24-04-2025
- Business
- Time of India
House of Abhinandan Lodha launches three major real estate projects in Mumbai
Representative image The House of Abhinandan Lodha (HoABL) on Wednesday announced its entry into the vertical real estate sector with three marquee projects located across Mumbai—American Culture center in Marine Lines, a project 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 said it 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 FY 2025–26 and would be completed over the next five years. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
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.
