The offer for sale of residential apartments at Manikonda, Hyderabad by LANCO Hills Technology Park Pvt Ltd – a 74% subsidiary of LANCO Infratech Ltd (LITL) – has received tremendous response. About 4 million square feet of residential space has been booked within three days of the opening of the bookings to the public.

LANCO Hills is one of the largest mixed development projects in the world comprising residential accommodation, IT SEZ and Non-SEZ area, commercial spaces, malls, entertainment zones and hotels. The signature tower being planned at LANCO Hills would be the world’s highest residential tower. The total area being developed would be around 30 million square feet. The complete project is targeted for completion in various phases ranging from 2 to 4 years.

Commenting on the tremendous response, LITL Chairman L Madhusudhan Rao said, "The phenomenal response received for the bookings of residential accommodation at LANCO Hills indicates the demand for quality apartment buildings in Indian cities. It would be our endeavor to undertake high quality property initiatives and deliver them within committed time schedules. The confidence reposed in the company by the public has been a humbling experience."

LANCO Infratech Ltd is one of the fastest growing corporate entities in India with gross revenue of Rs 16,473 million and a net worth of Rs 15,105 million.


Source: moneycontrol.com
Date: 19/07/07
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