BSECompany Update25 Aug 2026 · 25 Aug 2026, 04:45 pm
Press release dated August 25, 2026, made by The House of Abhinandan Lodha Estate Holdings Pvt Ltd.
Nitco Ltd · 532722
✦ AI Summary▲ PositiveJoint Venture
The House of Abhinandan Lodha Estate Holdings Pvt Ltd has entered into a joint venture with NITCO Limited for the development of land parcels at Alibaug, Raigad, expected to generate Rs 3000 crore in revenue over five years.
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Nitco Ltd - 532722 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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NITCO/SE/2026-27/36 August 25, 2026
Corporate Service Department The Listing Department
BSE Limited National Stock Exchange of India Limited
Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Script code: 532722 Script code: NITCO
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements), Regulations 2015 - Press Release
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith
a press release dated August 25, 2026, made by The House of Abhinandan Lodha Estate
Holdings Pvt Ltd.
Kindly take the above information on your records.
Thanking You,
Yours Sincerely,
For NITCO Limited
Vivek Talwar
Chairman & Managing Director
DIN: 00043180
Encl: A/a
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra,
India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547.
Email: investorgrievances@nitco.in Website: www. nitco.in
The House of Abhinandan Lodha Enters into JV for Premium Mixed-Use Development at
the exotic Alibaug
Mumbai, August 25, 2026 - The House of Abhinandan Lodha Estate Holdings Pvt Ltd. (HoABL),
through its wholly owned subsidiary HoABL Impactum Land Pvt. Ltd. (HoABL Impactum), has
entered into a Memorandum of Understanding with NITCO Limited, its wholly owned
subsidiary NITCO Realties Pvt. Ltd., and promoter Vivek Talwar for the development of land
parcels at Thal and Lonare in Alibaug, Raigad.
The proposed joint development is expected to generate Rs 3000 crore in revenue over five
years for HoABL and 1500 crores for NITCO.
HoABL, under this strategic joint venture, is set to develop a premium multi-development
project, comprising of luxury apartments and townhouses, over 40 acres of land parcel at
Alibaug further strengthening its presence in the high-value residential real estate segment.
It would be HoABL’s 2nd project at Alibaug after Sol-de-Alibaug, where the gentry has been
“crème de la crème”.
The development is expected to be designed by global architects and partners as an
integrated, premium destination offering a combination of high-quality residences, curated
amenities and hospitality.
A boutique luxury hotel, proposed to be operated under Miros, is expected to complement
the residential development and create a differentiated lifestyle experience for residents and
visitors.
The project marks HoABL’s continued evolution from a branded land developer into a broader
real estate platform, with a focus on creating differentiated destinations across residential and
hospitality formats.
Speaking about the partnership, Mr. Abhinandan Lodha, Chairman, The House of
Abhinandan Lodha said, “This joint venture represents an important step in our journey to
create differentiated, high-quality destinations. By bringing together premium residential
formats such as apartments and townhouses with a boutique hospitality offering, we aim to
create an integrated development that delivers long-term value and a distinctive lifestyle
experience.”
The project is expected to be developed in phases, with further details on the location,
configuration, project timeline, and hospitality partner to be announced in due course. HoABL
envisages an investment of Rs 1,000 crores largely towards construction.
According to NITCO, the transaction remains subject to conditions precedent, statutory
approvals, and execution of definitive agreements. Importantly, NITCO has clarified that
HoABL Impactum is not related to NITCO’s promoter group and the transaction does not
constitute a related-party transaction.
About HoABL’s Sol-de-Alibaug:
The House of Abhinandan Lodha has built a strong presence in Alibaug through its 20+ acre
uber premium plotted and villa developments, positioning the region as a high-end coastal
investment destination. This flagship project distinguishes itself through 25+ amenities and
two grand clubhouses serviced by Miros Hotels, including Château de Alibaug and Sol de
Alibaug, offer curated land parcels and luxury villas with world-class amenities, seamlessly
blending tranquil coastal living with modern infrastructure. Alibaug has rapidly evolved from
a quiet coastal town into one of India’s most premium housing destinations, driven by its
unique blend of natural beauty, lifestyle appeal, growing infrastructure support and rising
demand for high-quality living. Reflecting this evolution and the premium proposition of the
destination, the project has attracted a distinguished customer base comprising celebrities
including Shri Amitabh Bachchan, Kriti Sanon and Kartik Aaryan, as well as several prominent
personalities from the Indian corporate world.
About The House of Abhinandan Lodha
Founded in 2020 by Abhinandan Lodha, House of Abhinandan Lodha (HoABL) is India’s largest
branded land developer, focused on transparent, technology-led land ownership. In just five
years, the company has sold over 13 million sq. ft. and has 25 million sq. ft. under active
development across 19 high-growth locations in five states. HoABL has delivered projects such
as Imperial Goa and Isle of Bliss ahead of timelines, operating through a fully digital model
without meeting a single customer in person, a first in India and possibly globally. It has a
customer base of 8,500+, with over 65% comprising CEOs and CXOs from leading BFSI,
pharma, and multinational companies, along with respected celebrities from various fields.
For more details, visit www.hoabl.com
Disclaimer: ‘House of Abhinandan Lodha’ has been established in 2020 and is not, in any
manner, associated with ‘Lodha’ / ‘Lodha Group’.