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Lancor Holdings commences construction on two projects

05 Sep 2014 Evaluate

Lancor Holdings’ has commenced the construction on two projects which were earlier stopped on directives of CMDA. The company had earlier on August 8 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.

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.

Peers
Company Name CMP
Lodha Developers 1136.70
Prestige EstatesProj 1475.00
Dilip Buildcon 422.00
DLF 665.25
Oberoi Realty 1826.15
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