The House of Abhinandan Lodha (HoABL) is a Mumbai-headquartered real estate company founded in 2020 by Abhinandan Lodha, with a track record built on residential plotted land projects across India's highest-conviction growth corridors. Its entry into Nashik marks a deliberate move into vertical housing — the developer's Growth Housing initiative — which takes the same location-first thesis it applied to Alibaug, Ayodhya, Goa, and Shimla, and applies it to a city whose residential demand data is now hard to ignore.
Since its founding, HoABL has expanded from an initial focus on Konkan Maharashtra into a national footprint. Between 2022 and 2023, the firm moved into Goa and North India, acquiring 51 acres in Ayodhya. In January 2023, it announced a capital expenditure plan of ₹11,000 crore over four years. By late 2024, a further ₹3,000 crore had been committed to land acquisitions spanning Amritsar, Khopoli, Nagpur, Shimla, Varanasi, and Vrindavan.
As of 2024, HoABL reported 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 — figures drawn from company-reported data. The firm operates on a digital-first transaction model; all purchases proceed through virtual platforms, which is a structural distinction from most developers working in Tier-II Maharashtra cities. It has also formed institutional partnerships — a ₹1,500 crore joint venture with HDFC Capital Advisors for plotted and low-rise developments, and a hospitality tie-up with The Leela Palaces Hotels and Resorts for its Ayodhya project.
In 2025, HoABL formally entered the vertical housing segment through its Growth Housing initiative. The first project under this banner launched in Naigaon, Mumbai, in partnership with Mittal Builders. Nashik is part of the same expansion wave that also includes Kharghar, Sion, and other parts of the Mumbai Metropolitan Region.
The Nashik entry is structured as a Mega Growth Housing Scheme — HoABL's branded residential format that combines 1, 2, and 3 BHK homes with community infrastructure across a large land parcel. The scheme is designed to serve both homebuyers seeking a completed address and investors looking for an entry into a market that has demonstrated consistent demand growth. Every land parcel offered by HoABL undergoes legal due diligence, and all projects are RERA-registered with complete documentation provided to buyers.
Nashik's residential market posted 8,583 apartment sales in 2024 — a 22 percent increase over 2023 — while new supply fell 30 percent over the same period, from 6,205 units to 4,325. Unsold inventory dropped 15 percent as a result. Price per square foot across the city ranges from ₹3,134 to ₹15,833 depending on location and product type, with the market remaining broadly stable even as sales volume expanded sharply. For a developer identifying cities where demand has outrun supply, those numbers present a clear entry point.
Nashik sits 180 km from Mumbai and 200 km from Pune, with NH3 and the Mumbai-Nashik Expressway forming its primary highway links. The Samruddhi Mahamarg — the 701-km expressway connecting Mumbai to Nagpur — passes through Nashik district; its final 76-km Igatpuri-to-Thane stretch was inaugurated in June 2025, completing the full corridor and halving the Mumbai-Nagpur travel time from approximately 16 hours to 8. For Nashik, that completion locks in its position as a midpoint logistics and industrial node on Maharashtra's most significant inter-city expressway.
The Ozar airport, located 20 km northeast of Nashik city centre, handled 7,155 tonnes of cargo between January and November 2025 — a 183 percent increase year-on-year. In November 2025, the Nashik-Trimbakeshwar Kumbh Mela Development Authority approved a ₹556 crore airport expansion project ahead of the Simhastha Kumbh Mela, scheduled from 2026 to 2028. A new parallel runway was also announced by HAL in March 2025. The expansion trajectory at Ozar directly benefits freight-linked industries in the city and underpins the case for sustained residential demand from a growing professional workforce.
On the industrial side, Nashik's Ambad, Satpur, and Sinnar MIDC belts house manufacturers from automotive to pharmaceuticals — names including Mahindra and Mahindra, Bosch, Hindustan Aeronautics Limited, Graphite India, Siemens, and Kirloskar Oil Engines. The Sinnar MIDC in particular is growing on the back of highway access, and along the Samruddhi Mahamarg corridor, logistics and warehousing operations are expanding steadily. This industrial base converts directly into housing demand: both blue-collar worker colonies and mid-market gated communities for management and technical staff.
The planned MetroNeo rail network, which proposes to link Gangapur, CBS (Central Bus Stand), Satpur, and New Nashik, would further concentrate demand around its proposed stations. While its timeline is still evolving, localities near planned stops — Gangapur Road, Pathardi Phata, and Nashik Road — are already among the city's fastest-appreciating residential belts.
| Locality | Approx. Rate (₹/sq ft) | Character |
|---|---|---|
| Gangapur Road | ₹7,500 – ₹15,833 | Established premium belt; luxury apartments and villas |
| Pathardi Phata | ₹4,000 – ₹6,500 | Mid-market growth corridor between city core and Sinnar |
| Nashik Road | ₹5,000 – ₹7,500 | Rail-linked commuter belt; strong rental demand |
| Ambad MIDC Zone | ₹4,200 – ₹6,000 | Industrial-adjacent; mid-market apartments and plots |
| Sinnar / Ojhar Belt | ₹1,800 – ₹3,500 | Emerging industrial periphery; land value growth driven by HAL proximity |
HoABL's entry into this market at the Growth Housing price band — structured around 1 BHK, 2 BHK, and 3 BHK configurations — is designed to capture the segment that Nashik's market data suggests is most active: first-time buyers, industrial professionals, and investors from Mumbai seeking affordable alternatives where the price-to-space equation remains favourable.
For buyers evaluating HoABL's credibility in Nashik, the developer's track record across Maharashtra is relevant background. Its established projects in the state span Alibaug, Anjarle, Dapoli, Khopoli, Nagpur, and Neral — each selected for a specific growth rationale, whether coastal leisure, expressway proximity, or urban expansion. The Nashik Growth Housing scheme follows that same site-selection discipline applied to a fundamentally different product category: mid-market vertical homes in a Tier-II city showing structural undersupply.
The firm's digital transaction model — through which all steps from property selection to possession are managed on a virtual platform — is particularly relevant for the NRI and Mumbai-based investor segment that Nashik is increasingly attracting, given the city's expressway accessibility and significantly lower entry prices relative to Mumbai's prime residential market.
