Lanco Gets Supreme Court Nod For Township Project

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p>Lanco Infratech has got an order from the Supreme Court to resume development on a 50-billion-rupee township project in Hyderabad, the company said.<br><br>The engineering and construction company had invested 25 billion rupees on the 100 acre Lanco Hills township, when a dispute with a religious group over ownership of the land halted work in 2011.<br><br>Lanco, which had bought the land from the government in 2005, can now resume development and start selling finished homes, the company said in a statement late on Tuesday.<br><br>Six residential towers are nearly complete and another six towers are under construction, it said.<br><br>(Reuters)</p>