House of Abhinandan Lodha To Buy Land In 13 Cities
He said the company has so far bought land parcels in 17 locations across various states, of which it has already started development and sales activities at 10 locations
House of Abhinandan Lodha To Buy Land In 13 Cities
New Delhi: Bullish on rising demand for housing plots, realty firm The House of Abhinandan Lodha is looking to buy land in 13 new cities for plotted development projects as part of its strategy to expand presence in 30 towns by March next year. The company's founder Abhinandan Lodha said the company is likely to sell plots worth Rs 2,200 crore during this fiscal year and is targeting to reach an annual sales of Rs 10,000 crore by 2029-30.
He said the company has so far bought land parcels in 17 locations across various states, of which it has already started development and sales activities at 10 locations. The House of Abhinandan Lodha currently has presence in Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh.
"We will be starting construction in the 7 remaining locations where we already have land in the next six months," he said. "We are constantly looking to buy land. It's a daily exercise for us. We are looking to buy land in 13 new cities which we hope to finish acquiring by March 2026," Abhinandan said while speaking on sidelines of a CREDAI conference held recently at Nashik, Maharashtra.
