LANCO HILLS | Signature Tower | 604m | 112 fl | Proposed - Page 5

ranga · March 26th, 2009, 03:02 PM

Another reliable insider information is that not only are they finding difficult to sell space but also trying hard to hold on to the existing customers who have booked earlier.

Jim856796 · June 21st, 2009, 06:48 AM

I hope the Lanco Hills Signature Tower's structural frame is made of steel. I don't know the circumstances of constructing a 2000-ft tower out of reinforced concrete.

ranga · June 23rd, 2009, 09:19 AM

Quote:

Originally Posted by Jim856796

I hope the Lanco Hills Signature Tower's structural frame is made of steel. I don't know the circumstances of constructing a 2000-ft tower out of reinforced concrete.

you can think of the material used for building the structure only if it is really constructed.

sravan2569 · August 3rd, 2009, 10:13 PM

Insider Info: Lots of IT professionals are defaulting on payments, which means the signature tower is on hold for now.

mooktada · August 4th, 2009, 12:01 AM

Quote:

Originally Posted by sravan2569

Insider Info: Lots of IT professionals are defaulting on payments, which means the signature tower is on hold for now.

ROFL ROFL... you really think we're going believe in a little snippet with no source cited like that from you. BTW.. IT companies are the ones that are going to be buying up space in the IT tower not IT professionals..

sravan2569 · August 6th, 2009, 12:27 AM

Quote:

Originally Posted by mooktada

ROFL ROFL... you really think we're going believe in a little snippet with no source cited like that from you. BTW.. IT companies are the ones that are going to be buying up space in the IT tower not IT professionals..

I was talking about the residential space....

mooktada · August 6th, 2009, 06:09 AM

Quote:

Originally Posted by sravan2569

I was talking about the residential space....

Sorry .. sorry.. I went and read what your post again..It said the singnature tower and for some reason I read it as the IT tower. Inspite of all the hot air and beautiful rendering, right from the start I knew there was no chance the signature tower was ever going to be built. The engineering ability and would not have been even in the best of times.

sravan I apologize for my previous post

sravan2569 · August 7th, 2009, 04:56 AM

Quote:

Originally Posted by mooktada

Sorry .. sorry.. I went and read what your post again..It said the singnature tower and for some reason I read it as the IT tower. Inspite of all the hot air and beautiful rendering, right from the start I knew there was no chance the signature tower was ever going to be built. The engineering ability and would not have been even in the best of times.

sravan I apologize for my previous post

It will be built, but it's on hold until those payments start coming in.

mgs4 · August 25th, 2009, 10:58 PM

Any news on the signature tower folks ?, will it be ever built ...

ranga · August 26th, 2009, 12:33 PM

Quote:

Originally Posted by mgs4

Any news on the signature tower folks ?, will it be ever built ...

NO

dannydesiliva · September 5th, 2009, 09:09 AM

Quote:

Originally Posted by Jai

For posterity's sake, here are the original pre-renderings of the tower, before the finalized design was released:

Came across this project, Looks great and very impressive. I heard that the rate is 4200/Sq Ft (inclusive all amenities like false ceilings, washing machine etc etc)

Any thoughts and is any one planning to buy...

________________________________________________________________________________________________________________
Steve.

chemical free swimming pool | pool designers | passing saliva drug test

european · September 13th, 2009, 05:55 PM

i think its about this thread should be closed because the possibilty of getting this tower being built is ZERO.

Hindustani · November 10th, 2009, 09:37 AM

Source

Lanco to quit Real Estate for good

Quote:

Lanco to move out of real estate
By Sarita C Singh Nov 08 2009 , New Delhi

the core area of power generation, besides taking up engineering, construction and procurement contracts, and orders for roads, highways and ports. Company’s managing director G Venkatesh Babu told Financial Chronicle on Sunday that the firm will, however, complete the two luxury housing projects in Hyderabad and Chennai.

“We have decided not to take up new realty projects going forward, as we have realised that there are too many players in the sector,” Babu said. He said the ever rising power shortage in the country and comparatively lesser number of players makes this sector lucrative.

Lanco is developing a Rs 5,500 crore project — Lanco Hills — spread over 100 acres in Hyderabad. The project includes 15 residential towers, special economic zones and various commercial properties.

The firm has also planned development of Lanco Horizon Properties at Chennai. The township is planned over 80 acres.

Last year, the company had lost about 250 customers of its residential apartments in Hyderabad during the market meltdown. The customers, mostly expatriates, cancelled bookings after paying 40 per cent of the sum required for construction of the apartments.

Each flat in the project costs around Rs 1.5 crore. Following the withdrawal, the company slowed down the project..

Babu said at present the company has a power generation capacity of 950 mw. This includes the 368-mw Kondapalli project in Andhra Pradesh, 120-mw Aban project and a 300-mw facility at Amarkantak in Chhattisgarh.

The company expects to increase the capacity to 4,000 mw in two years. The company also plans to go alone in bidding for upcoming ultra mega power projects. It had bid for the last UMPP at Tilaiya with Malaysia’s Genting. They later withdrew the bid.

India101 · November 10th, 2009, 11:21 AM

Oh, hell no!

Cov Boy · November 10th, 2009, 02:11 PM

A big shame & an opportunity lost.

ranga · November 10th, 2009, 05:31 PM

Quote:

Originally Posted by Cov Boy

A big shame & an opportunity lost.

NO, It is a wise decision...

Jai · November 10th, 2009, 06:09 PM

Um...

It says they won't take up any new projects, and that they would complete the ones in Hyderabad (Lanco Hills) and Chennai.

Whether or not this includes the Signature Tower remains to be seen. Way to soon to say RIP, guys.

mgs4 · November 10th, 2009, 06:11 PM

How can you say it is a wise decision ?, please elaborate

Quote:

Originally Posted by ranga

NO, It is a wise decision...

smertin · November 10th, 2009, 06:21 PM

i just think that they r not patient enough n pretty much frustrated with the prevailing economic downturn,it's just a great project that they have envisaged n if they complete it soon with all the amenities n infrastructure there will be many who would buy them,especially our nri andhriites.

Hindustani · November 10th, 2009, 06:53 PM

Quote:

Originally Posted by Jai

Um...

It says they won't take up any new projects, and that they would complete the ones in Hyderabad (Lanco Hills) and Chennai.

Whether or not this includes the Signature Tower remains to be seen. Way to soon to say RIP, guys.

Jai

for some reason, i do agree with you. I should've said RIP "for now". Yes, lanco said, it will not take any "NEW" real estate projects from now on. But who is to say, they will not or never build Signature tower.

at the speed that lanco is completing these towers, its incredible. They might as well start sig tower rightaway right after all the residential towers are sold out. Its almost like they wanna go out of top as a last hurray & complete much promised SIG tower at record pace

it could happen. just look at the speed they build these residential towers so far & infra around it. & they claim they've "SLOWED DOWN DUE TO ECONOMIC SLUMP"

I personally dont see any signs of slowing down at all.

I see roads, tunnels, streetlights, access roads done at record pace. looks like lanco standards are set high.

June 21st, 2009, 06:48 AM	#82
Jim856796 The Q&A Guy Join Date: Jun 2006 Location: Citizen of the World Posts: 6,774 Likes (Received): 12	I hope the Lanco Hills Signature Tower's structural frame is made of steel. I don't know the circumstances of constructing a 2000-ft tower out of reinforced concrete. __________________ I honestly think all development projects must be dashing, sustainable, and futureproof. You support the good projects... and oppose the bad.

August 3rd, 2009, 10:13 PM	#84
sravan2569 Registered User Join Date: Mar 2006 Location: Chico/Roseville/Hyderabad Posts: 147 Likes (Received): 0	Insider Info: Lots of IT professionals are defaulting on payments, which means the signature tower is on hold for now. __________________ A chain is only as strong as it's weakest link.

November 10th, 2009, 11:21 AM	#94
India101 . Join Date: Jul 2008 Location: Sydney ~ Mumbai Posts: 9,659 Likes (Received): 510	Oh, hell no! __________________ ███████ ███████ ███████

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March 26th, 2009, 03:02 PM	#81
ranga Registered User Join Date: Nov 2006 Location: Hyderabad Posts: 2,892 Likes (Received): 124	Another reliable insider information is that not only are they finding difficult to sell space but also trying hard to hold on to the existing customers who have booked earlier.

August 25th, 2009, 10:58 PM	#89
mgs4 Registered User Join Date: Apr 2009 Posts: 35 Likes (Received): 0	Any news on the signature tower folks ?, will it be ever built ...

September 13th, 2009, 05:55 PM	#92
european Registered User Join Date: Oct 2005 Posts: 1,447 Likes (Received): 7	i think its about this thread should be closed because the possibilty of getting this tower being built is ZERO.

November 10th, 2009, 02:11 PM	#95
Cov Boy Cov Boy Join Date: Jun 2006 Location: Coventry UK Posts: 4,084 Likes (Received): 2	A big shame & an opportunity lost.

November 10th, 2009, 06:09 PM	#97
Jai ॐ शान्तिः शान्तिः शान्तिः Join Date: Jan 2003 Location: Haleiwa, Oahu, HI :. Waianae, Oahu, HI :. DETROIT, MI Posts: 3,855 Likes (Received): 16	Um... It says they won't take up any new projects, and that they would complete the ones in Hyderabad (Lanco Hills) and Chennai. Whether or not this includes the Signature Tower remains to be seen. Way to soon to say RIP, guys.

November 10th, 2009, 06:21 PM	#99
smertin Registered User Join Date: Jun 2009 Location: hyderabad Posts: 233 Likes (Received): 0	i just think that they r not patient enough n pretty much frustrated with the prevailing economic downturn,it's just a great project that they have envisaged n if they complete it soon with all the amenities n infrastructure there will be many who would buy them,especially our nri andhriites.