"HoABL leverages India’s first fully digital allotment process to sell 1,419 homes in Naigaon."

The House of Abhinandan Lodha (HoABL) has completed the allotment of 1,419 residential units at its Growth Housing project in Naigaon, located in western Mumbai. The company said it has already received payments for nearly 80 per cent of the allotted apartments in line with the scheduled timeline.

The allotment was carried out entirely through a digital process, without the involvement of sales personnel, sample flats or physical site visits. Homebuyers completed the allotment through a three-stage online system that included registration, submission of KYC documentation and final allotment. Digital allotment letters were issued immediately and shared with customers via email, SMS, WhatsApp and dedicated customer portals.

The allotted homes consisted of a mix of configurations, with one-bedroom units accounting for 51 per cent of the total and two-bedroom units making up the remaining 49 per cent.

To facilitate home financing, HoABL has tied up with major lending institutions and arranged advance processing facilities with banks and housing finance companies, including State Bank of India, HDFC Bank, Axis Bank, Bajaj Housing Finance, ICICI Home Finance, IIFL Housing Finance and Tata Capital Housing Finance.