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House of Abhinandan Lodha to invest over Rs 1,250 crore in new land acquisitions across India in FY25

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House of Abhinandan Lodha to invest over Rs 1,250 crore in new land acquisitions across India in FY25

Mumbai-based real estate firm The House of Abhinandan Lodha (HOABL) plans to invest over Rs 1,250 crore in acquiring more land across India by FY25. The majority of the investment will be in states where HOABL is already operational, such as Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh. The company also plans to acquire new lands in Madhya Pradesh, Rajasthan, and Gujarat. HOABL aims to deliver 6 million square feet of development by December 2024, and have about 700 acres of development and an additional land bank of 1,000 acres by March 2025. The company also plans to develop projects in six more cities, including Amritsar, Khopoli near Mumbai, Nagpur, Varanasi, Shimla, and Vrindavan.

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