Lohia Global Diversifies into Real Estate: A Strategic Move

Lohia Global, renowned for its contributions to exports, automotive, and renewable energy sectors, has unveiled a strategic expansion into the real estate domain with the launch of Lohia Worldspace. This venture marks the company's proactive response to the escalating demand for modern, high-quality housing in India's urban centers and Tier-II markets.

Focus Areas

Initially targeting Tier-II cities, Lohia Global plans to progressively extend its operations to major markets such as the Delhi National Capital Region (NCR). The primary focus will be on developing luxury residences in Moradabad as the inaugural project, followed by the rollout of five residential projects spanning 3 million square feet over the next half-decade.

Expansion Plans

By 2030, Lohia Worldspace envisions expanding its footprint to additional cities like Lucknow and Delhi NCR, with a substantial investment of Rs 1,000 crore. This expansion strategy underscores the company's commitment to addressing evolving consumer needs and tapping into emerging market opportunities.

Revenue Projections

Anticipating a notable surge in revenue, Lohia Global foresees a 30% growth in its total earnings, with real estate poised to become a significant revenue contributor. Presently generating around Rs 1,200 crore across diverse business segments, the company envisions the cumulative revenue from its real estate ventures to reach Rs 4,000 crore by 2030.

Industry Context

Lohia Global's strategic foray into real estate comes amidst a burgeoning demand for properties across India. This move aligns with the broader trend of corporates diversifying their portfolios to capitalize on the lucrative real estate sector.

Market Landscape

Lohia Global's entry into real estate mirrors similar moves by other corporations. For instance, Lloyds Enterprises recently ventured into real estate by acquiring a majority stake in Lloyds Realty, while US-based Forbes Global Properties entered the Indian market to provide brokerage and financial services.

By expanding into real estate, Lohia Global underscores its adaptability and forward-thinking approach to business. This strategic diversification not only positions the company to leverage burgeoning market opportunities but also reinforces its commitment to meeting evolving consumer demands. With a meticulous expansion roadmap and a focus on quality and innovation, Lohia Worldspace is poised to make significant strides in the real estate landscape, contributing to India's urban development narrative.