Abhinandan Lodha's Mega Expansion: A Rs 1800 Crore Real Estate Venture
The Mumbai-based real estate firm has embarked on an ambitious expansion plan, launching 10 plotted development projects across Maharashtra, Goa, and Uttar Pradesh.
Real EstatePlotted DevelopmentMaharashtraGoaUttar PradeshReal Estate MaharashtraAug 05, 2024
As part of its expansion strategy, the company aims to develop over 1,000 acres of land, with a focus on creating self-sustaining communities. The projects will offer a range of plot sizes, from 1,000 to 10,000 square feet, and will be equipped with modern amenities such as roads, water supply, and streetlights.
According to industry sources, the company has already acquired the necessary land parcels for the projects and has obtained the required approvals from the regulatory authorities. The projects are expected to be completed within the next 3-5 years, depending on market conditions.
The company's expansion plan is in line with the government's initiative to promote affordable housing and boost the real estate sector. The plotted development projects will cater to the growing demand for housing in the region, particularly in the affordable segment.
Abhinandan Lodha has a strong presence in the Mumbai real estate market, with several successful projects in the city. The company's expansion plan is expected to further strengthen its position in the market and establish it as a major player in the real estate industry.
In a statement, a company spokesperson said,
Frequently Asked Questions
What is the total investment in Abhinandan Lodha's expansion plan?
The total investment in Abhinandan Lodha's expansion plan is Rs 1800 crore.
How many plotted development projects has the company initiated?
The company has initiated almost 10 plotted development projects across Maharashtra, Goa, and Uttar Pradesh.
What is the focus of the plotted development projects?
The projects will focus on creating self-sustaining communities with modern amenities such as roads, water supply, and streetlights.
What is the expected completion timeline for the projects?
The projects are expected to be completed within the next 3-5 years, depending on market conditions.
What is the company's expansion plan aimed at achieving?
The company's expansion plan is aimed at catering to the growing demand for housing in the region, particularly in the affordable segment.
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