Latest news with #TheHouseofAbhinandanLodha
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.
Hindustan Times
13-05-2025
- Business
- Hindustan Times
Abhinandan Lodha-led Lodha Ventures rebrands to Abhinandan Ventures.
Abhinandan-Lodha-led Lodha Ventures has rebranded itself as Abhinandan Ventures while retaining ownership of the Lodha Ventures brand, the company said on May 13. A spokesperson of the company clarified that the rebranding is unrelated to the recent trademark dispute between Abhinandan and his elder brother, Abhishek Lodha. The new identity, Abhinandan Ventures, represents a confident step forward in distinguishing the group's independent vision and its innovative and transformative approach across sectors, the company's statement said. 'Over the years, our group has become synonymous with innovation, and we now would like to capitalize 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,' said Abhinandan Lodha, chairman, Abhinandan Ventures. '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,' he said. With Abhinandan Ventures, the group now moves forward with a distinct identity that better represents its values and forward momentum. The next chapter promises accelerated growth across its portfolio and a continued commitment to building future-facing businesses, the statement said. 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 with ventures spanning across real estate, private equity, education, and emerging consumer opportunities. All the businesses within the Abhinandan Ventures group are new-age and tech driven which allow them to scale up faster than any conventional business, it said. The group's portfolio includes ventures such as The House of Abhinandan Lodha, Tomorrow Capital, BeyondSkool, and Sheetal Lodha Foundation.
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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.
