Lohia Worldspace, the real estate arm of Delhi-based Lohia Global, will invest approximately Rs 2 billion to develop a 10-acre premium housing project in Moradabad, Uttar Pradesh, marking its formal entry into the real estate sector.

This maiden venture will comprise 175 luxury villas and is expected to be delivered by 2029.

Lohia Global, a privately held diversified group established in 1979, operates across four sectors — handicraft exports, electric vehicles, tiles, and solar energy — with an annual turnover of around Rs 12 billion.

Now entering real estate, the group aims to monetise its 200-acre land bank spread across several cities in North India.

“Our vision with Lohia Worldspace is to create homes that are modern, meaningful, and rooted in thoughtful design,” said Pyush Lohia, Director of Lohia Worldspace. He noted a strong demand for premium housing in Moradabad and underlined the company’s commitment to uplifting local infrastructure and aspirations.

Lohia Global had previously announced plans to invest Rs 10 billion over the next five years to develop real estate projects across India, primarily on its own prime land parcels.