New Delhi: Bollywood star Amitabh Bachchan has purchased a 2.67-acre land parcel in Ayodhya, Uttar Pradesh, for ₹35 crore from real estate developer House of Abhinandan Lodha (HoABL), the company said on Friday.
In a statement, HoABL said the transaction was executed by AB Corp Ltd, represented by its managing director Rajesh Yadav.
The land parcel is located near HoABL's 75-acre luxury land development project, 'The Sarayu', in Ayodhya.
This marks Bachchan's third investment in Ayodhya through HoABL and his fourth overall land investment with the developer. In January 2024, the actor had purchased land parcels in the company's 'The Sarayu' project.
He has also previously invested in HoABL's 'Sol de Alibaug' project, where he acquired a 10,000 sq ft plot.
Commenting on the investment, Abhinandan Lodha, chairman of HoABL, said the purchase reflects confidence in land as a long-term asset.
"Mr Bachchan's investment reflects a shared belief in land as an inter-generational asset that preserves value over the long term. Faith in Ayodhya is a legacy shared by generations," Lodha said.
He added that sustained infrastructure development and public investment are helping position Ayodhya as an attractive destination for long-term land ownership and value creation.
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Founded in 2020, HoABL focuses on branded land developments and aims to transform land ownership through transparency and technology. The company said it has sold more than 13 million sq ft of developed land within five years and currently has around 34 million sq ft under active development.
HoABL has projects in locations including Alibaug, Anjarle, Vrindavan, Dapoli, Goa, Khopoli, Nagpur and Neral, with upcoming developments planned in Amritsar, Shimla and Varanasi.
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The company also plans to expand to 48 cities across India, targeting growing demand for plotted developments in infrastructure-led destinations and tourism-driven markets.
Recently, HoABL also entered the vertical real estate segment, launching three residential projects in Mumbai with a combined development potential of 3.1 million sq ft.
(PTI)