News
Lohia Global Forays into Real Estate, Earmarks Rs 1000 Crore Investment
New Delhi, April 25, 2024: Lohia Global has announced its venture into the Indian real estate market with Lohia Worldspace.
Led by Pyush Lohia, an alumnus of Arizona State University, Lohia Worldspace aims to develop innovative and sustainable residential and commercial projects.
“With our deep-rooted experience across diverse industries, we are ready to channel our expertise into real estate. We want to set new benchmarks in living standards and community building with Lohia Worldspace”, stated Pyush Lohia, Director of Lohia Worldspace.
“We recognize the rising demand for modern and high-quality housing in India’s urban areas and tier 2 markets. We want to first concentrate on projects in the Tier 2 cities and then expand to NCR, creating premium living “, added Pyush Lohia. The company plans to develop five residential projects across a 30 lakh square feet area in the next Five years, beginning with luxury residences in Moradabad, which has robust market potential and is home to the Lohia group.
With a total investment of Rs. 1000 crores across Moradabad, Lucknow, and Delhi NCR to develop state-of-the-art residential projects by 2030, Lohia Global is committed to making an impact and contributing significantly to India’s developmental narrative.
Looking ahead, Lohia Global plans to capitalize on the opportunities presented by India’s booming real estate market. The company already has a rich land bank to leverage its real estate foray.
Lohia Global, with current revenues of 1200 crore across all business segments, anticipates growth of around 30% YoY with their foray into the real estate business. With the projected cumulative revenue of the real estate venture reaching Rs. 4000 crores by 2030, real estate alone will constitute a significant portion of the group’s revenue.
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores