Page 28 - Construction_Opportunities_June_2026

CONSTRUCTION TICKER TAPE design, exceptional craftsmanship, sustainability and creating

spaces that enhance quality of life. Lohia One embodies this
philosophy, and being recognised at both the national level
and as a Regional Nominee for Asia Pacific is a testament to
our team’s relentless pursuit of excellence. This achievement
motivates us to continue raising the bar and delivering residential
developments that meet global standards while exceeding
customer expectations.”
The award further strengthens Lohia Worldspace’s position as
an emerging leader in India’s premium residential real estate
market. At a time when homebuyers are increasingly seeking
developments that offer design excellence, sustainability, lifestyle
amenities and long-term investment value, the company’s focus
LOHIA WORLDSPACE ACHIEVES GLOBAL RECOGNITION on quality-driven, customer-centric development continues to
AS LOHIA ONE WINS ASIA PACIFIC PROPERTY AWARD distinguish its projects.
Lohia Worldspace has earned one of the real estate industry’s As India’s luxury housing segment witnesses sustained demand
highest international recognitions, with its flagship luxury residential driven by rising aspirations and evolving lifestyle preferences,
project Lohia One receiving the Asia Pacific Property Award globally recognised developments such as Lohia One are setting
2026–2027 in the Best Residential Development (20+ Units) – India new benchmarks for residential excellence. The recognition
category. The project has also advanced as a Regional Nominee also highlights the growing capability of Indian developers to
in the Best Residential Development (20+ Units) – Asia Pacific deliver projects that are competitive with the finest residential
category, placing it among an elite group of developments developments across the Asia Pacific region.
representing the highest standards of residential excellence across With an expanding portfolio of premium developments, Lohia
the region. Worldspace remains committed to delivering thoughtfully
Presented as part of the globally renowned International Property designed communities that integrate architectural innovation,
Awards, the Asia Pacific Property Awards recognise outstanding superior construction quality, environmental responsibility and
achievements in architecture, design, planning, construction future-ready living. The company continues to focus on creating
quality, sustainability, innovation and overall development landmark addresses that offer not only exceptional homes but
excellence. Judged by an independent panel of leading industry enduring value for generations to come.
experts, the awards are widely regarded as one of the most
prestigious benchmarks of quality in the global real estate sector. PRESTIGE ESTATES INVESTS `504 CRORE TO ACQUIRE
The recognition marks an important milestone for Lohia HALF STAKE IN MUMBAI COMMERCIAL PROJECT
Worldspace, reflecting its vision of creating future-ready residential Real estate developer Prestige Estates Projects Ltd. has acquired
developments that combine refined architecture, intelligent a 50% stake in Advent Convention and Hotels International Ltd.
planning and an elevated lifestyle experience. Designed for (ACHIL) for `504 crore as part of its expansion strategy.
discerning homeowners, Lohia One brings together contemporary Bengaluru-based Prestige Estates has entered into an investment
aesthetics, thoughtfully planned living spaces, premium amenities, agreement to acquire the stake in ACHIL, which is developing a
wellness-focused infrastructure and sustainable development commercial project in Mumbai, according to a regulatory filing
practices, creating a holistic living environment for modern urban dated July 3. Under the partnership, Prestige Estates and ACHIL will
families. jointly develop a commercial project on land measuring 21,978.22
More than just a residential project, Lohia One has been square metres in Andheri East, Mumbai.
conceptualised as a destination where luxury, comfort and The acquisition is expected to strengthen Prestige Estates’ presence
community seamlessly come together. Every aspect of the in the Mumbai real estate market and expand its commercial
development—from architectural detailing and landscape development portfolio in one of the country’s key business hubs.
planning to lifestyle amenities and open spaces—has been
designed to deliver lasting value while responding to the evolving GODREJ PROPERTIES STRENGTHENS SOUTH INDIA
expectations of today’s homebuyers. PRESENCE WITH 47-ACRE CHENNAI ACQUISITION.
Speaking on the achievement, Pyush Lohia, Managing Director, Realty major Godrej Properties has acquired a 47-acre land
Lohia Worldspace, said “Winning the Asia Pacific Property Award is parcel in South Chennai to develop a plotted residential project,
an incredible honour and a proud milestone for everyone at Lohia with the company estimating a revenue potential of around
Worldspace. This recognition reflects years `500 crore from the upcoming development. The company
of dedication, meticulous planning and said the land has been acquired through an outright purchase.
an unwavering commitment to creating The proposed project will primarily comprise residential plots,
homes that inspire confidence and enrich expanding Godrej Properties’ presence in the Chennai real
everyday living. At Lohia Worldspace, we estate market. The acquisition is part of the company’s strategy to
believe luxury goes beyond premium strengthen its residential portfolio and tap into demand for plotted
specifications—it is about thoughtful developments in key urban markets.

28 CONSTRUCTION OPPORTUNITIES|JUNE 2026