Private Sector | Himachal Pradesh - India | PID: 203302
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The House of Abhinandan Lodha will invest ?1,800 crore in the current financial year for land acquisition and project construction as part of its expansion strategy. The Mumbai-based firm has launched nearly 10 plotted development projects across 650 acres in Maharashtra, Goa, and Ayodhya in Uttar Pradesh.
Of the total investment, ?550 crore will be allocated for construction, with the remaining amount dedicated to land acquisition. The investment will be funded through internal accruals.
The company has identified 48 cities across India to leverage existing or upcoming infrastructure projects and tourist influx. Additionally, The House of Abhinandan Lodha plans to launch housing plots in Amritsar, Varanasi, and Shimla.
| Updated on: 23 - Aug - 2024
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