Lanco Horizon Properties to develop integrated township

By Staff
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Google Oneindia News

Chennai, June 11 (UNI) LANCO Horizon Properties, a new venture of LANCO group, has entered into an agreement for developing of 47.58 acres land located near SIPCOT in Siruseri in the outskirts of the city.

The property would be developed to an integrated township consisting of residential towers, shopping space and service apartments with a builtup area of about four million sq ft, a company release said here today.

The project was estimated to cost Rs 600 crore and would be completed within 36 months from the date of plan approval.

This would be the second largest property development initative undertaken by LANCO.

The maiden initative was the development of 100 acres of 'LANCO hills', technology park located at Manikanda in Hyderabad with a total built-up area of 30 million sq ft, the release added.

UNI

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