Lanco Hills for sale – T by-polls effect

With the Telangana supporters making a clean sweep in the recently held t by-polls it looks like all the leaders irrespective of the political party have come to the conclusion that Telangana state formation will very soon be reality.

The latest news in the real estate market is that Lanco hills of Lagadapati family has come onto the sale in open market and big players are trying for acquisition of entire property.

Former Maha Cement major share holders who accumlated good money by selling their stake recently (later acquired Happy Homes) are front runners to win the lanco hills. As a first step towards disinvesting lanco hills, their corporate headquarters is already known to have been shifted from Hyderabad to Gurgaon.

CEO of lanco hills hasn’t made anything clear about their future strategy but ‘Sale of lanco hills’ has become the major topic in real estate market of Hyderabad showing the Telangana Effect on Hyderabad real estate.

Media reports say that, L Rajagopal and Co. are planning to sell of all the major properties in Hyderabad as formation of Telangana is almost imminent with yesterdays by poll results.

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