Lohia Global to develop 5 residential projects, plans Rs 1000 cr investment
Lohia Global, a business group with 44 years of global presence in sectors like exports, manufacturing, and energy, has announced its venture into the Indian real estate market with Lohia Worldspace.
Under the direction of Pyush Lohia, 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,” said Pyush Lohia, Director of Lohia Worldspace.
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“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 Tier 2 cities and then expand to NCR, creating premium living,” added Lohia.
The company plans to develop 5 residential projects across a 30 lakh square feet area in the next five years, beginning with luxury residences in Moradabad, which is home to the Lohia group.
With a total investment of Rs 1000 crore across Moradabad, Lucknow, and Delhi NCR to develop residential projects by 2030, the 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 revenue of Rs 1200 cr across all business segments, anticipates growth of around 30% YOY with their foray into the real estate business.
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