Good response to Lanco Hills project

About 4 million sft of residential space at Manikonda in Hyderabad has been booked within three days of the opening of the bookings to the public by Lanco Hills Technology Park Pvt Ltd "� a 74 per cent subsidiary of Lanco Infratech Ltd (LITL).

Lanco Hills is a mixed development project comprising residential accommodation, IT SEZ and non-SEZ area, commercial spaces, malls, entertainment zones and hotels.

The total area being developed would be around 30 million sft. The total cost of the project is estimated at Rs 5,00 crore and is to be completed over a period of four years.

"The phenomenal response received for the bookings of residential accommodation indicates the demand for quality apartment buildings in Indian cities. It would be our endeavour 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," LITL chairman L Madhusudhan Rao, stated in a press release here.