Lanco Infratech, engineering and construction company has received approval from Supreme Court for the development of Rs 5,000 crore township project in Hyderabad. In 2011, dispute with a religious group over ownership of the land halted the work of Lanco Hills Township, where company had invested Rs 2,500 crore.
The company, which had bought the land from the government in 2005, can now resume development and start selling finished homes. Six residential towers are nearly complete and another six towers are under construction.
Lanco Infratech is one of the India’s top business conglomerates and among the fastest growing. The company has subsidiaries and divisions across a synergistic span of verticals. These include EPC, construction, power, infrastructure and property development.
