Lancor Holdings enters budget housing
Townshire gated community will have 520-590 sft sized apartments for a price of Rs 13.50-15.50 lakh
Mar 07, 2015
Source : Business Standard

 

Chennai: Realty firm Lancor Holdings Ltd has forayed into budget housing segment by launching a project near Chennai.

Announcing 30 years of its entry into real estate business, Mallika Ravi, group CEO of Lancor Holdings said the company had forayed into budget housing segment by launching residential project in Sriperumbudur to cater to the needs of large number of employees working in companies near Oragadam, Sriperumbudur and Thiruvallur.

Townshire gated community will have 520-590 sft sized apartments for a price of Rs 13.50-15.50 lakh, Lancor said.  

She said the company had been managing the project cost through bank loans, while it may even look at private equity funding at the project level. It had the potential to develop five million sft of new residential space with the available land bank, she said.

Lancor has clocked a turnover of Rs 137 crore in the last financial year; and in the first nine months of the current fiscal, turnover has been at Rs 117 crore.

The total built-up area of the company's existing projects is over two million sft, with a total 700 residential units completed, said RV Shekar, chairman of Lancor.

 

Latest Realty News

RBI-eases-norms-for-home-loans-for-up-to-Rs-10-lakh
Mar 07, 2015
NEW DELHI: Giving a boost to affordable housing, the RBI eased the norms for home loans for up to Rs 10 lakh
Ambience-Group-may-list-commercial-assets-as-real-estate-investment-trust
Mar 07, 2015
NEW DELHI: The Ambience Group, a New Delhi-based real estate firm, is looking to list its commercial assets as a real estate investment trust
Indians,-largest-investors-in-Dubai-realty-market:-Report
Mar 07, 2015
DUBAI: Indians were the largest investors in the promising Dubai real estate market in terms of number of buyers
Realtor-in-EOW-Net
Mar 05, 2015
BHUBANESWAR:The Economic Offences Wing (EOW) of the Crime Branch on Wednesday arrested a 57-year-old realtor
Construction-industry-to-tap-potential-of-real-estate-market-in-north-east
Mar 05, 2015
Guwahati: A lot of focus is being given to infrastructure development in the northeastern states
Real-estate-firms-want-banks-to-pass-on-the-rate-cut
Mar 05, 2015
MUMBAI: The real estate sector, which has been seeing inventory pile-up, negative investor sentiment and continuous raw material price rise, cheered RBI’s repo rate cut, saying consumers could benefit if financial institutions pass on the same
‘Raw-deal’-may-burst-realty-bubble-in-Capital-region
Mar 05, 2015
Hyderabad: The real estate sector in Andhra Pradesh, more particularly in the Capital region, is likely to take a beating in the days to come
Goldman-Sachs,-Piramal-in-talks-for-Rs-800-cr-realty-deal
Mar 05, 2015
Mumbai: The US-based investment bank, Goldman Sachs, through its private equity operations, is in advanced talks with Piramal Realty to pick up a stake in some of the latter’s real estate assets
Ahmedabad's-realty-investors-eyeing-properties-in-Dubai
Mar 05, 2015
Ahmedabad: Some high net worth individuals (HNIs) are parking their funds in the safe realty haven of Dubai
Economic-revival-and-receding-Inflation-will-boost-Housing-demand:-J-C-Sharma
Mar 05, 2015
Bengaluru: The demand for real estate properties will increase in future, given the slew of initiatives in the offing by the ruling NDA Govt,says Mr. J.C. Sharma, Vice Chairman & Managing Director, Sobha Limited

Latest Realty News Of State

Realty Talk's