Lancor Holdings: Updates on residential project

Lancor Holdings Ltd has informed BSE that the Company had acquired 6.44 acres of land at Potheri, GST Road from L&T Urban Infrastructure Limited. Further, the Company has obtained permission for conversion of wet land and is in the process of launching a residential project.

Lancor Holdings Ltd has informed BSE that the Company had acquired 6.44 acres of land at Potheri, GST Road from L&T Urban Infrastructure Limited.Further, the Company has obtained permission for conversion of wet land and is in the process of launching a residential project, which has the potential of 8,00,000 sq.ft of built up area, with an estimated turnover of Rs. 400 crores at a margin of 25%.Source : BSE

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