The House of Abhinandan Lodha (HoABL) is a Mumbai-headquartered real estate company that has built its identity around one product: branded, plotted land rather than constructed apartments. The House of Abhinandan Lodha (HoABL) is an Indian real estate company headquartered in Mumbai, Maharashtra, founded in 2020 by Abhinandan Lodha, developing residential plotted land projects. Abhinandan Lodha is the younger son of billionaire Mangal Prabhat Lodha, founder of the Mumbai-based Lodha Group, while his elder brother Abhishek Lodha runs the BSE-listed Macrotech Developers, with Abhinandan carving out a separate plotted land development business. In roughly four years the company has scaled to a national footprint that reads as a case study in where India's next land-value corridors are expected to form.
As of 2024, HoABL reported operations across 16 locations in India, including Goa, Himachal Pradesh, Maharashtra, Punjab, and Uttar Pradesh. According to company reports, HoABL has a portfolio of over 1,000 acres of plotted developments, with 13 million square feet of land sold and an additional 34 million square feet in the development pipeline. In January 2023, the company announced a capital expenditure plan of ₹11,000 crore to be deployed over a four-year period. The company has identified 48 cities for plotted development as it moves beyond its original Konkan coastline base into spiritual towns, industrial corridors, and emerging metros across the country.
Indore's relevance to HoABL is best read through the developer's existing Central India project rather than a hypothetical one. In Nagpur, roughly 500 km from Indore, HoABL has developed 1 Samruddhi, a project in Maharashtra's Orange City offering land parcels catering to industrial investors and residential buyers, built on a 100-acre acquisition. The project sits along the Samruddhi Mahamarg, the Mumbai-Nagpur expressway, and is registered under Maharashtra's RERA framework. It demonstrates HoABL's willingness to plant a flag in a tier-2 Central Indian city built around a single defining piece of infrastructure — an expressway in Nagpur's case, a metro-and-airport corridor in Indore's.
HoABL's chairman has spoken of starting construction in cities where the company already holds land, alongside plans to expand into 13 new cities beyond its existing base in Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh. The firm has also formed a joint venture with HDFC Capital Advisors, investing ₹1,500 crore in plotted and low-rise developments across India, underscoring the scale of capital chasing this expansion. Indore, as Madhya Pradesh's largest and most economically diversified city, fits squarely within the category of high-growth, non-metro markets that HoABL's national strategy is designed to capture.
Indore is not a coastal retreat or a pilgrimage town like the cities HoABL has favoured so far — it is a commercial and industrial engine. About three-and-a-half hours from the state capital Bhopal, Indore is the biggest city of Madhya Pradesh, unrivalled as the economic, cultural and commercial hub of central India, spread across around 530 sq. km. The city has a household income of about ₹6.5 lakh, placing it among India's more prosperous urban centres, with an economy sized at around $12 billion. Its population has surged past 3 million by 2025, a scale that mirrors the demand curve HoABL has targeted in Nagpur and its other second-tier city bets.
Indore has emerged as a real estate hotspot thanks to its infrastructural development, smart city ranking, and growing NRI interest, and the Super Corridor has become its most closely watched growth belt. The Indore Metro Rail Project enhances city connectivity with 31 stations over 31.5 kilometres, while the Super Corridor, a premium 8-kilometre stretch connecting the airport to Vijay Nagar, has emerged as a prestigious development zone hosting IT companies, luxury housing, and commercial centres. Establishing IT hubs like Crystal IT Park and campuses of TCS and Infosys on the Super Corridor have transformed Indore into Central India's technology hub.
The kind of large land parcels HoABL typically buys ahead of infrastructure completion align with what is currently under construction in Indore. Prime Minister Narendra Modi inaugurated the Super Priority Corridor of Indore Metro in May 2025, and the Metro administration is prioritising the connection between Gandhi Nagar Station and Devi Ahilya Bai Holkar Airport, with services expected to begin from Gandhi Nagar to Radisson by January 2026. The underground stretch of the Yellow Line will connect a ramp east of Indore Railway Station to a ramp west of the airport, featuring twin tunnels and seven underground stations.
Air connectivity is being scaled in parallel. Work has begun on developing a new airport terminal that will take total passenger capacity to 5.5 million from 4 million presently. A new ultramodern 12-km commercial stretch is planned connecting the airport with the Vipul Square market under the Indore Development Authority. This is precisely the airport-to-city-core corridor pattern that HoABL has built projects around elsewhere in the country, from Mopa in Goa to the Samruddhi Mahamarg in Nagpur.
Indore's residential property market is experiencing consistent growth, with the Super Corridor and Nipania remaining popular at average prices between Rs. 4,300 and Rs. 6,600 per sq. ft. Historically, property prices in the city have shown a steady rise, with average appreciation of 9% to 10% annually, while Pipliyahana has seen 140.9% appreciation over the last three years. Land specifically has moved faster than built product: land rates in the Super Corridor changed by 128.2% over the last five years and 256.0% over the last ten years. That land-versus-apartment appreciation gap is the same argument HoABL uses to justify its plotted-development model across its other markets.
HoABL's operating model is deliberately standardised regardless of city: the firm's business model utilises a digital-only approach, where all transactions are conducted through virtual platforms, and every land parcel undergoes rigorous legal due diligence, with all projects RERA-registered and customers receiving complete legal documentation. The company curates residential land across high-growth corridors in India spanning coastal retreats, spiritual cities, infrastructure hubs, and leisure destinations. A buyer evaluating HoABL's relevance to Indore is, in effect, evaluating whether the city's Super Corridor-metro-airport triangle matches the same infrastructure-led thesis that has driven the company's bets in Nagpur, Ayodhya, and Alibaug.
In 2025, the company entered the vertical housing segment through its Growth Housing initiative, beginning with a residential project in Naigaon, Mumbai, in partnership with Mittal Builders, and it inked a joint venture with Mittal Builders for an 11-acre township in the Mumbai Metropolitan Region, investing Rs 2,000 crore. These moves show a developer still primarily anchored in Maharashtra and Uttar Pradesh, but actively testing new formats and partnership structures — the same experimentation that has, elsewhere, preceded entry into new tier-2 cities such as Nagpur.
