Real estate prices: We all have heard and somehow believed that real estate prices of every important city of the country is on a rise and the prices are expected to reach sky-high however here is an update from the real-estate market that will blow your minds. Keeping in mind the rising demand for housing plots realty firm The House of Abhinandan Lodha is planning to buy land in 13 new cities for plotted development projects. Here are all the details you need to know about the project. As a part of its strategy to expand its presence in 30 cities by March next year the The House of Abhinandan Lodha which already has a presence in Maharashtra Goa Uttar Pradesh Punjab and Himachal Pradesh is planning to target to reach an annual sales of Rs 10000 crore by 2029-30. The companys founder Abhinandan Lodha was quoted as saying in an interview with news agency PTI that the company is likely to sell plots worth Rs 2200 crore during this fiscal year. By the financial year by 2029-30 the House of Abhinandan Lodha is targeting to reach an annual sales of Rs 10000 crore . Notably the house has also said the company has so far bought land parcels in 17 locations across various states. Why is Abhinandan Lodha is constantly buying land? We are constantly looking to buy land. Its a daily exercise for us. We are looking to buy land in 13 new cities which we hope to finish acquiring by March 2026 Abhinandan said while speaking on sidelines of a CREDAI conference held recently at Nashik Maharashtra. We will be starting construction in the 7 remaining locations where we already have land in the next six months he said. About The House of Abhinandan Lodha Talking about The House of Abhinandan Lodha the Mumbai-based house was formed in 2021 and after its launch it has already launched many plotted development projects covering around 1000 acres at 10 cities in Maharashtra Goa and Uttar Pradesh. Abhinandan on concept of land ownership Abhinandan has also said that the concept of land ownership will increase in coming years and the company is trying to address this demand by providing clean titled land with all approvals to its customers who are end users as well as investors. Readers must note that The House of Abhinandan Lodha had announced Rs 3000 crore investment to expand its business in six new cities in November last year. The house acquired 352 acres of land across six new cities -- Amritsar Vrindavan Varanasi Shimla Nagpur and Khapoli near Mumbai as part of its business. (With inputs from agencies)