Lohia Worldspace Plans Expansion into Delhi and Moradabad Real Estate Market
Lohia Worldspace eyes Delhi market entry, expansion in Moradabad in FY27
Business Standard
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Lohia Worldspace, part of the Lohia Group, is set to enter the Delhi real estate market with a high-rise project in Kirti Nagar and expand in Moradabad, Uttar Pradesh, with a ₹150 crore plotted development. The company anticipates investments of ₹500 crore for the Delhi project and plans multiple new projects in Moradabad by 2027.
- 01Lohia Worldspace aims to enter Delhi's real estate market with a high-rise project in Kirti Nagar.
- 02The anticipated investment for the Delhi project is around ₹500 crore.
- 03In Moradabad, the company is launching Lohia One, a ₹150 crore plotted development with 175 villas.
- 04Lohia plans to introduce three more projects in Moradabad, including a group housing project by Diwali 2027.
- 05The firm is also exploring a new project in Lucknow, targeting a launch by mid-2024.
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Lohia Worldspace, the real estate division of the Lohia Group based in Delhi, is planning to enter the capital's real estate market with a high-rise project in Kirti Nagar. The company expects to secure approvals for this project by late 2026 or early 2027, with an estimated investment of ₹500 crore. In its home market of Moradabad, Uttar Pradesh, Lohia Worldspace is preparing to launch Lohia One, a plotted development costing ₹150 crore, which will feature 175 villas priced from ₹1.5 crore and above. The project has already sold approximately 40% of its inventory since sales began in August 2022, with completion expected by late 2027 or early 2028. Furthermore, Lohia Worldspace has plans for three additional projects in Moradabad, including a group housing project set to launch by Diwali 2027, targeting a price range of around ₹75 lakh. The company is also considering a new plotted development project in Lucknow, with an investment of approximately ₹500 to 600 crore expected, funded through customer collections, internal accruals, and potential bank loans for market stability.
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The expansion into Delhi and Moradabad will create new housing options and potentially boost local employment in construction and real estate.
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