The House of Abhinandan Lodha (HoABL) projects in Matheran Foothills, Neral

The House of Abhinandan Lodha at the Matheran Foothills

The House of Abhinandan Lodha (HoABL) is a Mumbai-headquartered land development company. The House of Abhinandan Lodha (HoABL) is an Indian real estate company headquartered in Mumbai, Maharashtra. Founded in 2020 by Abhinandan Lodha, the company develops residential plotted land projects. It initially focused on land developments in the Konkan region of Maharashtra, and between 2022 and 2023 expanded its land holdings into Goa and North India, acquiring 51 acres in Ayodhya. The company scaled that model with a formal capital commitment: in January 2023, the company announced a capital expenditure plan of ₹11,000 crore to be deployed over a four-year period. By late 2024, the firm reported additional investments totaling ₹3,000 crore for land acquisitions in Amritsar, Khopoli near Mumbai, Nagpur, Shimla, Varanasi, and Vrindavan. Within Maharashtra, Neral is one of six locations the company actively develops in the state: the company develops and manages land projects in Maharashtra (Alibaug, Anjarle, Dapoli, Khopoli, Nagpur, and Neral), Uttar Pradesh (Ayodhya and Vrindavan), Goa, Punjab (Amritsar), and Himachal Pradesh (Shimla). Group-wide, 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. Every transaction, including at Neral, follows the company's standard operating model: the firm's business model utilizes a digital-only model, where all transactions are conducted through virtual platforms.

Golden Triangle: HoABL's Branded Land at Neral

Golden Triangle, also referenced by HoABL as Forever Land, is the company's plotted-land project at the base of Matheran, in Neral. On its own project page, HoABL frames it as follows: Golden Triangle, Neral is a premium land development set against the scenic backdrop of Matheran hills, offering well-planned plots with high appreciation potential, combining nature, infrastructure, and accessibility in one dynamic address. Inspired by the golden triad of Nature, Connectivity, and Growth, the project embraces the serenity of the hills, the promise of infrastructure-driven appreciation, and the ease of access to Mumbai. Independent project listings describe it as an 80-acre parcel positioned around a Blue Zone-inspired living concept: this project is India's first blue zone inspired 80-acre multi sensorial branded land development at Neral, less than 2 hours from Mumbai. Plotted inventory is structured in tiers rather than a single size — reseller listings for the development show 1248 sqft+ plots starting ₹44.99 lakh, 1550 sqft+ plots starting ₹53.99 lakh, and 1862 sqft+ plots starting ₹60.99 lakh — giving buyers a choice between an entry plot and a larger villa-format holding within the same gated layout. The address itself sits close to the town's rail hub: the project is located near Neral Railway Station, along Karjat Murbad Road, in Raigad District, Maharashtra – 410101.

Why HoABL Picked This Corridor

HoABL's own positioning for Neral leans on three infrastructure triggers rather than the town's tourism identity alone. Spanning 90,000 acres, NAINA is India's largest upcoming smart city and a key satellite urban node, and its planned development will catalyze real estate growth in peripheral zones, including Neral. The Mumbai Trans Harbour Link (Atal Setu) dramatically reduces travel time from South Mumbai to Navi Mumbai and beyond, making second-home and investment destinations like Neral much more accessible. Neral lies within reachable distance from the Navi Mumbai International Airport, benefiting from the rising tide of infrastructure-led growth. Day-to-day connectivity rests on rail and two state roads: Neral is well-connected via the Central Railway line with direct trains from Mumbai, while improved road networks via Karjat and Panvel make for smoother drives from both Navi Mumbai and Pune. Locally, State Highway 79, also known as Karjat-Murbad Road, runs through the area and links Karjat, Panvel, and Badlapur, with a new Panvel-Karjat double line railway corridor also underway; the Navi Mumbai International Airport in Ulwe sits about 51 km from Neral.

Matheran's Protected Status as a Scarcity Argument

Part of the investment case HoABL builds around Neral rests on what cannot be built next door. Matheran, immediately above the project site, is under statutory protection: it is a demarcated Eco-sensitive zone (ESZ) of 214 sq. km, where all industrial, development, and vehicular activities are prohibited — a status that sets Matheran apart from other Asian hill stations. The hill station is reached only by the century-old Neral-Matheran line: the Neral to Matheran narrow gauge railway was constructed under the leadership of Lord Elphinstone, the erstwhile Governor of Mumbai during the British Raj, and opened in 1907. Beyond Aman Lodge, cars are barred altogether, which HoABL cites directly: Matheran is Asia's only automobile-free hill station, offering a peaceful, pollution-free environment that makes it a magnet for wellness, leisure, and eco-tourism. Because Matheran itself cannot absorb new construction, Neral, at its base, is positioned as the practical entry point for anyone wanting a legally titled plot in this landscape. Land prices in the broader Neral micro-market reflect that scarcity narrative over time: land rates in Neral changed by 15.4% over three years, 36.4% over five years, and 150.0% over ten years, against a locality average of around ₹750 per sq ft for land parcels tracked in the open market — well below built-up flat rates in the same pincode, which is the differential HoABL's plotted format is built to capture.

HoABL's Wider Footprint as Context

Neral sits within a portfolio that spans very different categories of land. The developer's Alibaug and Dapoli holdings target coastal second-home buyers, while its Ayodhya and Vrindavan parcels target spiritual-city demand; in 2024, property acquisitions in HoABL projects were made by Amitabh Bachchan at The Sarayu in Ayodhya and Kriti Sanon at Sol de Alibaug. The company has also brought in institutional and hospitality partners elsewhere in its portfolio — it formed a joint venture with HDFC Capital Advisors, investing ₹1,500 crore in plotted and low-rise developments across India, and partnered with The Leela Palaces Hotels & Resorts to develop a hotel in Ayodhya within The Sarayu project. More recently, the group has moved beyond pure plotted land: 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. Set against that spread, Neral represents HoABL's Mumbai-periphery, hill-adjacent second-home category — closer to the city than Alibaug or Dapoli, and positioned around infrastructure timelines (NAINA, MTHL, NMIA) rather than a coastline.

What a Golden Triangle Buyer Should Note