HoABL unveiled its arrival through a paramotor display that lit up Nagpur’s skies on November 4, 2025. Three pilots soared above Futala Lake carrying massive aerial banners announcing the brand’s foray into the Orange City. The visual spectacle was not only a marketing masterstroke but also a symbolic nod to the project’s central theme — the harmony of land, water, and legacy.

Nagpur’s Rise on India’s Growth Map

Explaining the company’s move into Nagpur, Samujjwal Ghosh, Chief Executive Officer, The House of Abhinandan Lodha, said:

“As the third-largest contributor to Maharashtra’s GDP, Nagpur is redefining its position on India’s economic map. Our foray into Nagpur marks a new chapter for us. With HoABL’s hallmark of curated and transparent developments, we aim to usher in a new wave of luxury—creating experiences that are aspirational yet deeply meaningful.”

Strategically positioned at the heart of India, Nagpur is undergoing a major transformation driven by the Samruddhi Mahamarg expressway, Smart City initiatives, and expanding industrial infrastructure. HoABL aims to capture this momentum with its first plotted development in central India, integrating nature, design, and technology into a new urban lifestyle template.

Brand Philosophy Meets Experiential Marketing

Saurabh Jain, Chief Marketing Officer, The House of Abhinandan Lodha, described the launch as a deliberate extension of the brand’s creative identity:

“Our debut in Nagpur was envisioned as a strategic brand experience that brings our philosophy to life through creativity and innovation. The aerial display over Futala Lake exemplifies how we engage meaningfully with our audience—through immersive, distinctive, and purposeful experiences.”

He added that Nagpur Marina will redefine waterfront-inspired living for the city, bringing leisure, wellness, and celebration into everyday life — a first-of-its-kind concept in the region.

Also Read: HoABL’s Growth Housing in Naigaon Oversubscribed 6X: Affordable Meets Aspirational

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The offer, with a face value of ₹5 per equity share, comprises an Offer for Sale (OFS) of up to 3.55 crore shares by the company’s promoter, Mr. Vijay Surana J. No fresh issue component has been announced.

Company Overview

Incorporated in 2004, Grand Housing focuses on plotted real estate development primarily in Tamil Nadu, especially in and around Chennai. The company’s business model involves:

• Acquiring parcels of land
• Building basic infrastructure — roads, power, sewage, water
• Converting the parcels into developable land for residential or industrial use

In some cases, Grand Housing acquires contiguous parcels to create larger tracts for more economically viable development.

Project Segments

1. Residential Plotted Development
   • Target buyers: individual homeowners constructing houses or villas
   • Plot sizes: 600–2,400 sq. ft.
   • Pricing: ₹1,500–₹5,000 per sq. ft.
2. Industrial Plotted Development
   • Focuses on large contiguous parcels for industrial use

The company’s operations are concentrated in Chennai, one of India’s most urbanized and economically dynamic cities, benefiting from cultural heritage, moderate climate, and robust population growth.

Land Bank and Financials

As of March 31, 2025, Grand Housing had land reserves of 83.13 million sq. ft. (1,908.52 acres), excluding ongoing, completed, and upcoming projects.

• Revenue from operations: ₹156.66 crore in FY25 (vs ₹94.61 crore in FY23)
• Net profit: ₹84.59 crore in FY25 (vs ₹30.92 crore in FY23)

IPO Structure & Listing Plan

The IPO will be carried out through the book-building process:

• QIBs: Not more than 50% of the offer
• Non-institutional bidders: Not more than 15%
• Retail investors: At least 35%

Smart Horizon Capital Advisors is the Book Running Lead Manager, and Bigshare Services Pvt. Ltd. is the Registrar. The company’s equity shares are proposed to be listed on BSE and NSE.

Also Read: WeWork India Files DRHP with SEBI for IPO

The post 🏠 Grand Housing Files DRHP for ₹5 Face Value IPO; Entire Offer is OFS by Promoter appeared first on Square Feat India.

The newly acquired land is situated on Ajwa Road, a rapidly emerging residential corridor in Vadodara known for its villa and plotted housing developments. The location boasts strong connectivity to the city’s key commercial and educational hubs, with easy access to Vadodara Airport and the city center, making it an attractive destination for homebuyers.

This marks GPL’s second land acquisition in Gujarat within a year. In October 2024, the company had entered the Ahmedabad market by acquiring a 3-acre parcel in the upscale Vastrapur area. The latest deal underlines GPL’s strategic focus on expanding its presence in high-growth markets through plotted development projects.

Gaurav Pandey, MD & CEO of Godrej Properties, said, “We are happy to announce our entry into the vibrant city of Vadodara. Reinforcing our commitment to the state and confidence in the market potential, this acquisition aligns strategically with our focus on entering high-growth cities through plotted developments. With residential plotted developments gaining significant traction, Ajwa Road offers an excellent opportunity for expansion. Our goal is to create a sustainable and thriving community that delivers long-term value to residents while leveraging Vadodara’s immense growth potential.”

The acquisition adds to GPL’s growing pipeline of plotted housing projects, a segment that has witnessed rising demand across tier-2 cities. With this latest investment, the developer aims to cater to aspiring homeowners seeking premium yet accessible residential options in one of Gujarat’s fastest-growing urban pockets.

Also Read: Godrej Properties enters Hyderabad

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Strategically located near the Satellite Town Ring Road (STRR), the land parcel offers excellent connectivity and growth potential. The development will primarily focus on plotted residential layouts, aligning with the rising demand for open, flexible housing formats in this part of the city.

Doddaballapur is witnessing rapid transformation due to its proximity to Kempegowda International Airport, infrastructure projects like STRR, expanding industrial zones, and natural attractions such as Nandi Hills. These factors are making the region increasingly attractive to both homebuyers and developers.

Speaking about the acquisition, Gaurav Pandey, Managing Director & CEO, Godrej Properties, said:

“We are pleased to announce the acquisition of this prime land parcel in Doddaballapur, a high-potential micro market in North Bengaluru. This investment reinforces our focus on expanding our presence in key growth corridors through well-planned residential communities. Bengaluru continues to be a priority market for us, and we look forward to creating a development that offers long-term value to its residents.”

With this move, Godrej Properties strengthens its presence in North Bengaluru, a region that’s quickly emerging as a hotspot for plotted and villa developments.

Also Read: Godrej Properties purchases 89 acres of land in Khalapur

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Panorama spans 100 acres, with the first phase covering 50 acres and featuring 539 plots ranging from 1,200 sq. ft. to 7,000 sq. ft. Phase 1 is expected to be completed by December 2027, with further phases planned for the future.

The project is designed to reflect the cultural heritage of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, and Kerala, integrating regional architectural elements with modern infrastructure. The development is centered around the Pancha Bhutas (Five Elements of Nature) – Earth, Water, Fire, Air, and Space – promoting sustainable living.

Madhusudhan G, CMD of Sumadhura Group, stated that the strong market response highlights the growing demand for custom-built homes and the appeal of plotted development as an investment. He emphasized that Devanahalli was chosen for its strategic location, growth potential, and robust infrastructure.

Devanahalli has been a key real estate hub, accounting for approximately 15% of North Bengaluru’s residential supply from 2016 to 2023, with 13,600 units supplied in that period, according to a study by property consultancy firm Anarock.

Panorama will feature a 45,000 sq. ft. premium clubhouse offering sports, recreation, and leisure facilities. The project will also include cycling infrastructure, a soccer ground, indigenous plantings, community spaces, party lawns, and a camping zone to enhance resident engagement and lifestyle.

Sumadhura Group aims to expand its presence in plotted development while continuing its focus on urban real estate projects.

Also Read: Bengaluru property market

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