HoABL Enters Mumbai Vertical Real Estate with ₹3,500 Crore Development

The House of Abhinandan Lodha (HoABL), renowned for its land development outside Mumbai, has announced its entry into the city's vertical real estate sector with three new projects spanning the Mumbai Metropolitan Region (MMR), anticipating a revenue generation of ₹3,500 crore.

With a total investment of ₹2,500 crore, the company will develop properties in prime locations: Marine Lines, Chowpatty, and Naigaon. These projects collectively encompass a development potential of 3.1 million sq. ft. This move signifies HoABL's expansion into high-rise construction and its debut in the Mumbai property market.

Abhinandan Lodha, Chairman of HoABL, stated, "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."