Land developer The House of Abhinandan Lodha (HoABL), a part of Abhinandan Lodha-led Lodha Ventures will invest Rs 3,000 crore in Uttar Pradesh (UP) ahead of the UP Global Investors Summit 2023 with Rs 1,200 crore to be invested in Ayodhya alone.
Abhinandan Lodha, managing director, The House of Abhinandan Lodha, said “With a vision of making land a trusted asset class and a hassle-free wealth generation source, we are partnering with the UP government to develop integrated housing townships in key towns of Ayodhya, Varanasi and Gorakhpur.”
HoABL is set to cross Rs 1,000 crore in net sales by March 2023. The company has sold about 3.3 million sq ft land so far across regions such as Dapoli, Anjarle and Foothills of Matheran in Maharashtra. In FY 2023-24, the company will deliver 6 million sq ft space to the customer base.