The 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.