edited by: Namit Singh Sengar
Last Update: January 19, 2023, 11:14 AM IST
Abhinandan Lodha’s gathering will also invest in Varanasi.
UP Global Investors Summit 2023: There will be an investment of Rs 1,200 crore in Ayodhya alone.
The House of Abhinandan Lodha has announced an investment of Rs 3,000 crore in Uttar Pradesh ahead of the UP Global Investors Summit 2023.
The realty firm, which is part of Abhinandan Lodha-led Lodha Ventures, will launch housing projects in Ayodhya, Varanasi and Gorakhpur.
Out of this Rs 1200 crore will be invested in Ayodhya alone.
Abhinandan Lodha, Managing Director, The House of Abhinandan Lodha said, “The infrastructure sector in UP is witnessing a boom. The initiatives taken by Uttar Pradesh Chief Minister Yogi Adityanath to ensure ease of doing business through favorable policies and better governance Due to concerted efforts, investment opportunities have become increasingly attractive and profitable.With a vision to make land a reliable asset class and hassle-free wealth creation source, we are committed to developing integrated residential townships in the major cities of Ayodhya, Varanasi and Gorakhpur. We are committed to investing in Uttar Pradesh. Being the largest state of India, UP has its own unique needs and we are committed to its positive development.
“Our experience investing in UP so far has been exemplary. Due to this, we intend to invest disproportionately in the state. Under the leadership of Yogi Adityanath, we envision UP becoming a hub for investment in real estate and we would definitely like to be a part of this process in future as well.
The company said it has so far sold 3.3 million sq ft of land in popular locations in Maharashtra like Dapoli, Anjarle and Matheran foothills. In FY 23-24, HOABL will successfully provide 6 million sq ft of space to the customer base.
“We are creating a new category and a unique proposition for land buyers India By working with large firms that are global experts in the design and development of open spaces. HoABL works in harmony with nature and seeks to deliver high quality and sustainable development,” said Lodha.
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