Lancor Holdings Announces Updates on Upcoming Projects.

Lancor Holdings Ltd has announced updates on its upcoming projects, including multiple redevelopment ventures in Mylapore and Besant Nagar. These projects, undertaken through Joint Development Agreements (JDA), are expected to generate significant revenue and strengthen the company’s presence in the premium residential segment.

The company has signed a JDA for the redevelopment of Ananya Ashok in Mylapore, which will be transformed into a multistoried residential complex named Lancor Ananya. The project has a total turnover of ₹75 crore, with an estimated cost of ₹55 crore, and is expected to yield a profit margin of ₹20 crore.

Additionally, Lancor has finalized another JDA for the redevelopment of Prof. Palanisamy Apartments, also in Mylapore, into a high-rise residential building named Lancor Avighna Residences. This project has a total turnover of ₹220 crore, with a project cost of ₹170 crore, and a projected profit margin of ₹50 crore.

Furthermore, the company has successfully negotiated a Joint Development project in Besant Nagar’s Kalakshetra Colony. This redevelopment initiative has a total turnover of ₹150 crore, with a cost of ₹135 crore, and is expected to generate ₹15 crore in profit.

With these projects, Lancor Holdings continues to expand its footprint in Chennai's premium residential market, focusing on high-value redevelopment opportunities to drive growth and profitability.

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