Lanco Infratech sells 4 Million Square Feet of its new project LANCO Hills

Lanco Infratech Ltd has announced that the offer for sale of Residential Apartments, at Manikonda, Hyderabad by M/s. Lanco Hills Technology Park Pvt Ltd, a Subsidiary of the Company, 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.

The stock closed the day at Rs.243, down by Rs.6.40 or 2.57%. The stock hit an intraday high of Rs.252.30 and low of Rs.236.20. The total traded quantity was 590011 compared to 2 week average of 813222.

Source : Equity Bulls

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