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Lohia group: Lohia group to develop projects in Moradabad, Lucknow and Delhi

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Lohia group, which has a business of handicraft export, automobile and renewable energy, has entered the real estate sector with projects planned in Moradabad, Lucknow and Delhi.

The company has land bank in multiple cities and plan to use it for real estate development. Company’s first project Lohia One will be plotted development in 10 acre in Moradabad.

It plans to invest Rs 150 crore in development of this project.

“Moradabad will be our first project and then we are exploring other cities as well. We have capacity to further expand the Moradabad project,” said Pyush Lohia, director at Lohia Global.

Lohia group’s annual turnover is about Rs 1,200 crore and the real estate vertical will be called Lohia Worldspace. The company expects to start the first project by May 2024 and complete it within 4 years of launch.

It is expecting Rs 250 crore revenue from the project.

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