With a blend of expansion, innovation, strategic partnerships, and remarkable sales, HoABL solidified its position as a trailblazer in the real estate sector
2023 marked a transformative period for The House of Abhinandan Lodha (HoABL), establishing its dominance as India's largest branded land developer. With a blend of expansion, innovation, strategic partnerships, and remarkable sales accomplishments, HoABL solidified its position as a trailblazer in the real estate sector.
HoABL ventured into new geographies while securing additional land parcels in existing locations, broadening its footprint across Maharashtra, Goa, UP, and Himachal Pradesh. This strategic move aimed at diversification and scalability, laying the groundwork for future growth.
Notably, HoABL achieved significant milestones in project delivery, with the successful completion of projects in IOB and advanced stages reached in Anjarle, Neral, and Imperial Goa, setting the stage for their slated deliveries in 2024.
The collaboration between HoABL and HDFC Capital Affordable Real Estate Fund-3 marked a monumental step, infusing INR 1500 crore into the development of low-rise projects, projecting a Gross Development Value (GDV) of INR 4500 crores. This joint venture aimed at revolutionizing real estate development across India.
The year was also adorned with accolades, including the prestigious Economic Times Realty Award 2023 and the Outlook Business Award, acknowledging HoABL's excellence and innovation in the real estate landscape.
HoABL showcased its prowess in sales with triumphs in flagship projects like TomorrowView, Ayodhya, and Goa Vasco, witnessing remarkable inventory sell-outs and substantial revenues, amplifying their market presence. The introduction of innovative products such as built villas at the A Alibaug Project further diversified their offerings, catering to evolving consumer preferences.
With a substantial increase in manpower, scaling from 193 to over 380 employees by November 2023, HoABL invested in the future through APEXS, an internal sales training program in collaboration with Korn Ferry, aiming to elevate their sales capabilities. Embracing technology, the launch of a dedicated app and revamped website streamlined customer experiences and accessibility.
In terms of sheer numbers, HoABL recorded impressive financial figures, boasting a revenue of INR 1130 crore, selling over 3.2 million sq. ft. of land and 1850+ units by December 1st, 2023, showcasing robust growth and market penetration.
Now, with a firm foundation set in 2023, HoABL's vision and momentum are poised to continue into the future. The company's commitment to innovation, strategic partnerships, and customer-centricity position it favourably to lead the real estate market, setting new benchmarks in the years to come.
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