Lanco Infratech - Updates

Lanco Infratech Ltd has informed BSE that Lanco Horizon Properties Pvt Ltd, a Group Company, has entered into a Joint Development Agreement for development of 47.58 Acres land located near SIPCOT Industrial Estate, Siruseri on Old Mahabalipuram Road, Chennai. The property would be developed as an Integrated Township consisting of Residential Towers, Shopping Space and Service Apartments with a built-up area of approximately 4 million sq. ft. The project is estimated to cost Rs 600 Crores and would be completed within 36 Months from the date of plan approvals.