The House of Abhinandan Lodha (HoABL) is an Indian real estate company headquartered in Mumbai, founded in 2020 by Abhinandan Lodha. For its first four years, the firm focused on land developments in the Konkan region of Maharashtra before expanding into Goa and North India, acquiring 51 acres in Ayodhya between 2022 and 2023. By its own reporting, HoABL holds 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. That track record in horizontal, plotted product is the foundation on which the company is now building something categorically different in Mumbai.
The House of Abhinandan Lodha has announced its strategic entry into Mumbai's vertical real estate market with an investment of ₹2,500 crore across three landmark projects — a move that marks a significant shift from the company's traditional focus on horizontal developments to high-rise constructions. With a total development potential of 3.1 million square feet, HoABL is targeting ₹3,500 crore in revenue from this vertical portfolio, backed by a ₹2,500 crore investment sourced via a mix of internal accruals and structured debt. Two of those three sites are residential plays that span opposite ends of Mumbai's geography — and its price spectrum.
Overlooking Chowpatty Beach, the Chowpatty Residential Project is tailored for luxury seekers, with approximately 50,000 sq. ft. of residential space that combines views with visionary design at the heart of coastal South Mumbai. This is HoABL's most acutely located residential bet: Girgaon Chowpatty is not a suburb or a growth corridor — it is an established, land-scarce address in the island city.
Girgaon has a dedicated station on the Aqua Line of Mumbai Metro, which links the neighbourhood to key Central Mumbai hubs, while the key commercial districts of Nariman Point and Lower Parel are within 5 km and Mumbai Central Railway is barely 2 km away. The locality's strategic position along the Coastal Road provides seamless connectivity northward and southward. For buyers who work in South Mumbai's financial corridors or Bandra-Kurla Complex and want to live close to the office, the address needs little further justification.
Average property prices in South Mumbai remain among the highest in India, with capital values between ₹52,500 and ₹1,01,000 per sq. ft. and rentals between ₹79,800 and ₹7,30,000 per month. The average registry rate specifically in Chowpatty runs at approximately ₹38,048 per sq. ft. — a figure grounded in recent transactions. Appreciation in this part of the city is driven by limited land supply, redevelopment restrictions, and high replacement costs, which is precisely the context in which HoABL's 50,000 sq. ft. Chowpatty project operates. New, institutionally backed residential supply at this address is genuinely scarce.
In 2025, HoABL entered the vertical housing segment through its Growth Housing initiative, beginning with a residential project in Naigaon, Mumbai, in partnership with Mittal Builders. HoABL's Naigaon project involves over 3 million sq. ft. developed into an integrated high-rise township, with vibrant retail streets, residential towers, and premium lifestyle amenities, emphasizing community living close to renowned schools, hospitals, and retail zones.
At the heart of Naigaon East's transformation stands The Great Western Mumbai by HoABL and Impactum Lands, RERA-registered under ID P99000080106 and launched in August 2025. In Naigaon, HoABL brings thoughtfully designed 1 and 2 BHK apartments with a balance of functionality, comfort, and aesthetics.
The choice of Naigaon East is deliberate. Located in the Vasai-Virar Municipal Corporation area, Naigaon's population has grown by 347% over the past decade, making it one of Mumbai's fastest-growing suburbs. Property consultants report that average land prices in Naigaon have increased from ₹8,500 per sq. ft. in 2020 to ₹15,750 per sq. ft. in 2025 — an 85% appreciation in five years. For a developer running a "Growth Housing" thesis, this is the data that validates the location.
Naigaon sits right on the Western suburban railway line, immediately after Vasai, linking residents to all the vital Mumbai stations — Borivali, Andheri, Dadar, Churchgate — and the business hubs of Lower Parel and BKC through the Western Railway network. From a road perspective, Naigaon offers direct access to the Western Express Highway via well-developed link roads, with Borivali reachable in approximately 30 minutes by car.
Several infrastructure projects are reshaping the suburb's commute equation further. A proposed Virar-Alibaug Multimodal Corridor — a 126 km route passing through Naigaon — is designed to boost regional connectivity and economic activity. Mumbai Metro Line 9, extending the Dahisar East-Andheri East corridor to Mira-Bhayandar, will integrate Naigaon more seamlessly into Mumbai's suburban network. The Naigaon East-West Bridge has also significantly improved traffic flow between the eastern and western parts of the locality.
A 2 BHK flat in Naigaon East currently costs between ₹5,000 and ₹6,200 per sq. ft., with homes inside gated communities near the station and major roadways reaching ₹6,500+ per sq. ft. That stacks up against Mira Road at ₹9,000–₹11,500 per sq. ft. and Borivali at ₹18,000+ per sq. ft. — a differential that explains why the township format makes structural sense at this location.
HoABL's business model uses a digital-first approach where all transactions are conducted through virtual platforms — a practice it has refined across 16 locations nationally and is now carrying into its Mumbai vertical projects. Every land parcel and project offered by HoABL undergoes rigorous legal due diligence, with all projects RERA-registered and complete legal documentation provided to buyers.
In January 2023, the company announced a capital expenditure plan of ₹11,000 crore to be deployed over a four-year period — a commitment that frames the Mumbai vertical push not as an experiment but as a sustained programme. All three vertical projects are scheduled to launch from Q2 of FY 2025-26, with a five-year development window. The pairing of a Chowpatty ultra-premium product and a Naigaon township product within the same portfolio reflects a deliberate decision to address two entirely different buyer profiles within Mumbai: the sea-facing South Mumbai buyer with capital to deploy, and the first-home or investment buyer seeking entry into a structured, branded community on the city's western growth corridor.