New Delhi, 25 April 2024: Lohia Global, a prominent business group with 44 years of global presence in sectors like exports, manufacturing, and energy, announced its venture into the Indian real estate market with LOHIA WORLDSPACE.
Under the direction of Pyush Lohia, an alumnus of Arizona State University, 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”, stated Pyush Lohia, Director of Lohia Worldspace.
“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 the Tier 2 cities and then expand to NCR, creating premium living “, added Pyush Lohia. The company plans to develop five residential projects across a 30 lakh square feet area in the next Five years, beginning with luxury residences in Moradabad, which has robust market potential and is home to the Lohia group.
With a total investment of Rs. 1000 crores across Moradabad, Lucknow, and Delhi NCR to develop state-of-the-art residential projects by 2030, 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, Stands strong with current revenues of 1200 crore across all business segments, anticipates growth of around 30% YOY with their foray into the real estate business. With the projected cumulative revenue of the real estate venture reaching Rs. 4000 crores by 2030, real estate alone will constitute a significant portion of the group’s revenue.
About Lohia Global:
Founded in 1980, Lohia Global has been at the forefront of industry innovation and growth, holding a significant legacy in exports, energy, manufacturing, and automobiles. With a vision for the future, Lohia Global continues to lead with transformative strategies and a commitment to excellence. As Lohia Global looks to the future, its real estate venture, Lohia Worldspace, is set to become a cornerstone of its business, driving substantial growth and reinforcing its position as a leader in global and local markets.
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