Lancor Holdings Expands Portfolio with Senior Living and Urban Projects
Filing Summary
Lancor Holdings Ltd has announced the launch of Harmonia Pavilion Senior Living Apartments as part of its portfolio expansion. This project is located in a 90-acre gated community in Sriperumbudur and includes 110 apartments. The company is also expanding its offerings with premium urban homes and strategic suburban developments. Lancor reported gross revenue of Rs. 186 crores for FY 2025, with projections of Rs. 333 crores by FY 2027. The company is focusing on senior living, premium urban residential, and suburban development to address evolving housing needs.
Lancor Holdings Ltd has announced the launch of the Harmonia Pavilion Senior Living Apartments as part of its strategic portfolio expansion. This development is situated within a 90-acre gated community in Sriperumbudur and comprises 110 apartments. The project is designed to cater to active retirees seeking a secure living environment. Lancor is also expanding its offerings with premium urban homes and strategic suburban developments, reflecting its multi-segment strategy for housing.
The company reported a gross revenue of Rs. 186 crores for the fiscal year 2025. Lancor projects its revenue to reach Rs. 333 crores by FY 2027. The company’s pipeline includes multiple projects at various stages, adding another 3 million square feet to its growing portfolio. This expansion aligns with Lancor’s focus on senior living, premium urban residential, and suburban development, addressing India’s evolving housing needs.
The Harmonia Pavilion project features apartments ranging from 816 to 993 square feet. The development includes a community dining hall and recreation center, along with access to all common amenities of the Town & Country community. The location in Sriperumbudur offers tranquility and connectivity, benefiting from industrial development, IT parks, and proposed infrastructure projects. The area provides access to GST Road, proximity to the OMR corridor, and various hospitals and educational institutions.
The Indian real estate sector shows a significant shortfall in affordable and mid-income housing. Chennai’s housing market has experienced growth, with a 7% increase in home sales in the first half of 2025. The senior living segment represents a significant opportunity, with organized senior living projected to grow substantially by 2030. Lancor’s focus on senior living communities aligns with the increasing demand driven by an aging population and a shift toward independent retirement communities.
The Harmonia Pavilion project is part of Lancor’s broader strategy to expand its portfolio across suburban markets and Chennai’s established urban neighborhoods. The company is launching premium city, redevelopment, and suburban developments, including projects like Lancor Ananya on Warren Road and Lancor Avighna Residences in Alwarpet. These initiatives demonstrate Lancor’s commitment to addressing demand for independent villas and premium residences.
Lancor Holdings Ltd is a listed public limited company with a four-decade track record of delivering commercial and residential development projects in Chennai. The company is entering a pivotal growth phase, launching several flagship developments and introducing innovative community concepts. Lancor is reinforcing its market leadership through an ambitious portfolio expansion, combining quality construction with emerging opportunities in senior living and residential development.