The House of Abhinandan Lodha (HoABL), known for its plotted development projects, has entered Mumbai’s vertical real estate sector with three major developments totalling Rs 3,500 crore in expected revenue. This marks the company's first venture into high-rise urban developments, with launches planned for the second quarter of FY26 and completion expected over five years.

The three projects include a commercial development at the site of the former American Culture Center in Marine Lines, a premium residential property near Chowpatty beach, and a large-scale integrated township in Naigaon through a joint development agreement with Mittal Builders. The total development potential across these sites is 3.1 million sq. ft. HoABL plans to invest Rs 2,500 crore in the projects through internal accruals and debt, mainly for working capital and pre-sales funding.

The Marine Lines site, acquired in December 2024, offers a 60,000 sq. ft. development opportunity, while the Chowpatty project is expected to span around 50,000 sq. ft. The Naigaon township will be the largest, with over three million sq. ft. in development potential, forming a significant footprint in the north Mumbai Metropolitan Region. Founded in 2020, HoABL is aiming for Rs 10,000 crore in business volume by FY30.

The company expects Rs 2,200 crore in revenue for FY25 and around Rs 3,000 crore for FY26. HoABL is also scouting for land acquisitions in 13 new locations to further its plotted development portfolio, complementing its expansion into vertical real estate, thus aligning with the Centre’s broader urban infrastructure goals.