“Over the last four years, we have acquired 850 acres of land, and delivered over 150 acres out of this within the timelines along with returns of over 30% CAGR (compounded annual growth rate). The new land parcels and the proposed development hold a revenue potential of nearly $1 billion. These acquisitions have been funded through internal accruals, sales, and financial support of HDFC Capital,” Abhinandan Lodha, Chairman, HoABL, told ET.
The company is currently in the process of securing layout and other related approvals and will start working on the new land parcels from January. These new land parcels, according to Lodha, hold a total development potential of over 15.3 million sq ft and will be delivered over the 2-3 years.
The company has identified a total of 48 cities across the country for investments based on the ongoing and proposed infrastructure development and economic growth potential. According to Lodha, the company has built the expertise to deliver even a 100-acre project within 15-18 months.
“We are a direct-to-consumer company and given that a large number of individuals are looking at land for investment and returns potential, we will be able to double our consumer base over the next 2-3 years,” he said.Apart from already delivered 150 acres, the remaining 700 acres is currently under development in locations across Anjarle, Dapoli, Neral, Alibaug, Goa and Ayodhya.The company is set to deliver 180 acres or nearly 5 million sq ft of development to over 2,000 customers in Anjarle and Neral in Maharashtra in December. It is also working on large-scale deliveries in Dapoli and Alibaug in Maharashtra, Ayodhya, and Goa in the next 10-12 months, ahead of schedule.
“This investment is not just about scaling operations, but driving a paradigm shift in how Indians perceive land as an investment. We see land as more than a commodity; it’s a catalyst for long-term growth and community empowerment. With investment in strategic acquisitions across key growth markets, we are not only unlocking premium land for investors but also transforming these regions into thriving destinations,” Lodha said.
HoABL is part of Lodha Ventures started by Abhinandan Lodha as his second entrepreneurial stint in 2016.
As part of its larger development plan ‘The Sarayu’ spread over 51 acres, HoABL has already entered partnership with Brookfield Group-owned the Leela Palaces, Hotels & Resorts for a luxury modern palace hotel in Ayodhya near the Shri Ram Janmabhoomi Temple.
The first palatial hotel in Ayodhya will be spread over a five-acre land parcel on the banks of the sacred Sarayu River and will be developed around the theme of Indian culture and heritage.
Over the last few years after the Covid19 pandemic, plotted development has emerged as one of the most attractive segments in India’s real estate market. With the evolving preferences of homebuyers and investors alike, this trend is reshaping how Indian real estate caters to new and diverse demands.
The demand for plotted development has been particularly fueled by a shift in buyer psychology, with many Indians now prioritizing space, flexibility, and independent living. This shift, combined with government initiatives and strategic investments has contributed to the same.
