Lancor Holdings Expands Portfolio with Senior Living Project and Reports Revenue Growth
Lancor Holdings Limited has launched Harmonia Pavilion Senior Living Apartments in Sriperumbudur, featuring 110 units within a 90-acre gated community. This move aligns with the projected growth of the organized senior living market in India. The company is also diversifying into premium urban homes and suburban developments. Lancor reported gross revenue of 137.98 crores in FY2024, with projections reaching 333.00 crores by FY2027. The expansion targets the growing senior population in India, expected to reach 190-195 million by 2030, with the organized senior living market potentially hitting INR 64,500 crore by the same year.

*this image is generated using AI for illustrative purposes only.
Lancor Holdings Limited has announced an expansion of its real estate portfolio, highlighting its strategic focus on the growing senior living market and premium urban developments. The company's latest initiatives and financial performance underscore its commitment to diversification and growth in the Indian real estate sector.
Launch of Harmonia Pavilion Senior Living Apartments
Lancor Holdings has unveiled its latest project, Harmonia Pavilion Senior Living Apartments, located in Sriperumbudur. This development is part of a larger 90-acre gated community and features:
- 110 apartment units
- Part of the 'Lancor Town Country' project
- Targeted at the senior living market
The launch of Harmonia Pavilion comes as the organized senior living market is projected to grow significantly by 2030. This expansion aligns with the increasing demand for specialized housing solutions for India's aging population.
Portfolio Diversification
Lancor's strategic expansion extends beyond senior living, encompassing:
- Premium urban homes
- Suburban developments
This diversified approach allows the company to cater to various segments of the real estate market, potentially reducing risk and capturing growth opportunities across different demographics and locations.
Financial Performance
Lancor Holdings has reported financial growth:
| Fiscal Year | Gross Revenue (in Crores) |
|---|---|
| FY2024 | 137.98 |
| FY2025 | 186.20 |
| FY2027* | 333.00 |
*Projected
The company has demonstrated year-over-year revenue growth, with projections indicating continued performance through FY2027.
Market Outlook
The expansion into the senior living segment is noteworthy given the market dynamics:
- India's population aged 60+ is expected to reach 190-195 million by 2030
- The organized senior living market could potentially reach around INR 64,500 crore by 2030
- Southern states, including Tamil Nadu and Chennai, are emerging as key hubs for senior living communities
Lancor's strategic moves position it to potentially capitalize on these demographic trends and market opportunities.
Conclusion
Lancor Holdings' latest developments, including the Harmonia Pavilion project and its broader portfolio expansion, reflect an approach to the evolving real estate market in India. The company's focus on senior living, coupled with its presence in premium urban and suburban developments, suggests a growth strategy. With reported financial performance and projections, Lancor appears positioned to navigate the Indian real estate landscape.
Investors and market watchers may keep an eye on Lancor's execution of these projects and its ability to meet the projected financial targets in the coming years.
Historical Stock Returns for Lancor Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.01% | -12.84% | +11.48% | +14.12% | -37.33% | -51.59% |































