Lancor Holdings has received ‘Stop Work Notice’ from Chennai Metropolitan Development Authority (CMDA), for alleged deviation in the construction of two projects. The company has taken necessary steps to sort out the matter. This will not materially affect the financial performance of the company.
Lancor Holdings is a professionally managed property development company, acquiring the business interest of erstwhile DBS Properties and is engaged principally in development of properties in Chennai, Bangalore and Coimbatore.
