Mumbai-based real estate giant, The House of Abhinandan Lodha (HoABL), has successfully acquired the American Center property in Marine Lines, South Mumbai, for ₹55.98 crore. This strategic acquisition adds another feather to HoABL’s cap as it expands its portfolio in premium real estate.
The iconic Sandeep Building, a seven-storey structure, sits on a prime plot measuring 1,337.81 sq m. Previously serving as the residence for US ambassadors until the early 1990s, the property had been vacant since the US consulate’s relocation to Bandra Kurla Complex.
Transaction Highlights:
Market Valuation:
The Marine Lines property market is one of Mumbai’s most sought-after areas:
This acquisition reinforces HoABL’s position as a key player in the Mumbai real estate sector, further solidifying its reputation for acquiring prime properties.
HoABL’s Expansion Journey:
In less than four years, HoABL has developed over 150 acres of plotted land and has an additional 700 acres under development across key locations like Anjarle, Dapoli, Neral, Alibaug, Goa, and Ayodhya.
This deal highlights HoABL’s commitment to premium real estate and its focus on strategic growth in South Mumbai’s high-value property market.
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