Celebrating Ram Navami, followed by a Bhoomi Poojan ceremony, Lohia Worldspace marked its entry into the real estate business. This is the new real estate venture of Lohia Global Enterprises – a business house of India.
This move by Lohia Global marks strategic diversification beyond their existing presence across many sectors including exports, manufacturing, automobile, building materials & renewable energy.
The new real estate venture will be spearheaded by Pyush Lohia.
The company aims to develop both residential and commercial projects. Lohia stated, “Building upon our robust expertise in related sectors, we are dedicated to extending our hallmark of excellence into real estate. Initially concentrating on NCR projects, our ambition extends to broadening our real estate presence across diverse regions.”
Lohia Global’s real estate venture intends to develop projects at locations such as Moradabad. Following this, the company plans to expand its real estate footprint to other regions in India.
“Moradabad’s strategic location near major economic centers like Delhi-NCR and Uttarakhand makes it an appealing destination for real estate investment. Its rich educational landscape and emerging commercial opportunities, coupled with steady population growth and urbanization, create a robust demand for residential and commercial properties,” he added.
The Rs 1200 crore Lohia Global Enterprise anticipates a sizable growth in the next 4-5 years with their foray into the real estate business.
