Lancor Holdings has received an approval to borrow up to a total sum of Rs 130 crore from State Bank of India (SBI), Chennai. The Board of Directors of the company at their meeting held on January 13, 2018, approved the same.
The said borrowing is in connection with the promotion of the company’s projects - TCP Altura and Lumina, both projects being located in Chennai.
The aggregate development value of the both the projects will lead to revenue of Rs 360 crore approximately, which will be realized over the next 24 to 30 months.
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.
Company Name | CMP |
---|---|
Dilip Buildcon | 461.90 |
Macrotech Developers | 1213.30 |
NBCC (India) | 132.25 |
Prestige EstatesProj | 1307.10 |
DLF | 895.55 |
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