Lancor Holdings has received approval to avail Asset Backed Loan (ABL) from the State Bank of India (SBI), overseas branch, Chennai for an amount not exceeding Rs 50 crore against the security of 840815 square feet of immomovable properties situated at Town and Country, Sriperumbudur. The board of company at its meeting held on April 26, 2017 has approved for the same.
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.
