Lancor Holdings had acquired 6.44 acres of land at Potheri, GST Road from L&T Urban Infrastructure. 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 square feet of built up area, with an estimated turnover of Rs 400 crore at a margin of 25%.
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.
