House of Abhinandan Lodha to invest nearly ₹1,800 crore in residential business expansion, says Chairman
7 months, 3 weeks ago

House of Abhinandan Lodha to invest nearly ₹1,800 crore in residential business expansion, says Chairman

Live Mint  

Real Estate firm the House of Abhinandan Lodha will invest ₹1,800 crore on the residential business expansion, purchase of land and construction of projects in the financial year 2024-25 as a part of the company's expansion plan, reported PTI quoting Chairperson Abhinandan Lodha on Sunday, August 4. “The total capital expenditure outlay for 2024-25 fiscal is around ₹1,800 crore of which ₹550 crore will be on construction and the remaining on land buying,” Abhinandan Lodha, Chairperson of the House of Abhinandan Lodha told news agency on the context of investment plan for the current financial year. House of Abhinandan Lodha has identified 48 cities in India as a part of its expansion plan, cities having great potential for plotted development fueled by upcoming infrastructure projects and the rise of tourists visiting the places, according to the report. It's a common surname but House of Abhinandan Lodha is completely distinct from Macrotech Developers," said Abhinandan Lodha, as per the report.

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