In celebration of the consecration of the Ram Mandir in Ayodhya, Mumbai-based real estate developer, The House of Abhinandan Lodha (HOABL), has introduced plots of 1,250 sq ft, with prices starting at Rs 1.72 crore. Coinciding with the Ram Mandir Pran Pratishtha ceremony, HOABL has unveiled nearly 250 plots as part of a luxury project. The company has invested approximately Rs 1,200 crore in 51 acres of land, primarily in Ayodhya, and the initial phase of the development is currently in progress.
The project in Ayodhya has received domestic inquiries from Mumbai, Delhi-NCR, Lucknow, Kanpur and Meerut, as well as non-resident Indians (NRIs) based in the UK, US and Southeast Asia.
In the next 3-4 years, the company plans to invest close to Rs 3,000 crore in Uttar Pradesh. The company's proposed project in Ayodhya is about 12-15 minutes away from the upcoming Ram temple.
HOABL has an online presence through which customers can purchase land directly.
For those who want the flexibility to design their own space, Lodha offers real estate developments, ultra-luxury villas, and residential towers that combine modern amenities with community living.
The company is also collaborating with Leela Palace to build a first-of-its-kind all-vegetarian five-star hotel, adding luxury and sophistication to the Ayodhya property. The company strategy is to expand its operations to Mathura and Vrindavan, Varanasi and more.
Bollywood actor Amitabh Bachchan has also bought a plot in Sarayu in Ayodhya, a seven-star mixed-use enclave, worth Rs 14.5 crore from a Mumbai-based developer.