NITCO joins HoABL for Rs 4,500 crore premium mixed-use project in Alibaug
NITCO has signed an MoU with The House of Abhinandan Lodha for a 40-acre Alibaug development spanning luxury homes, amenities, hospitality and a boutique hotel. The project is expected to generate Rs 4,500 crore in revenue over five years, with NITCO’s share estimated at Rs 1,500 crore.
What happened
Nitco · NITCO and The House of Abhinandan Lodha have signed an MoU for a 40-acre premium mixed-use development in Alibaug, featuring luxury homes, amenities,
Key facts
- Rs 4,500 crore expected project revenue over five years
- 40-acre project
- Rs 1,500 crore estimated NITCO share over five years
- NITCO operates in more than 55 countries
- More than 650 dealers
- Nine Le Studio experience centres
- More than 90 franchise stores across India and Nepal
Why this matters
The HoABL MoU gives NITCO Realties a scaled entry into mixed-use luxury development, pairing NITCO’s premium-materials brand with a specialist developer to accelerate expansion beyond its core category.