New Launch28 Mar 2025, 07:34 pm
Lancor Holdings Ltd Announces Three New Residential Projects with Promising Margins
AI Summary
Lancor Holdings Ltd has signed agreements for the redevelopment of three buildings in Mylapore and Besant Nagar, Kalakshetra Colony. The new buildings, Lancor Ananya, Lancor Avighna Residences, and the yet-to-be-named project at Besant Nagar, are expected to generate margins of Rs.20.00 Crores, Rs.50.00 Crores, and Rs.15.00 Crores respectively. The total turnover for these projects is estimated to be Rs.75 Crores, Rs.220 Crores, and Rs.150.00 Crores, with respective project costs of Rs.55.00 Crores, Rs.170.00 Crores, and Rs.135.00 Crores.
Key Highlights
- Lancor Holdings Ltd has signed Joint Development Agreements for three residential projects in Mylapore and Besant Nagar, Kalakshetra Colony.
- The new buildings, Lancor Ananya, Lancor Avighna Residences, and the yet-to-be-named project at Besant Nagar, are expected to generate healthy margins.
- The total turnover for these projects is estimated to be Rs.445.00 Crores, with respective project costs of Rs.360.00 Crores.
- The highest margin of Rs.50.00 Crores is expected from the Lancor Avighna Residences project.
- These new projects are a testament to Lancor Holdings Ltd's commitment to providing quality residential spaces.