As part of this exercise, it is adding senior living projects, premium city developments and suburban communities. The company, which has completed 86 projects covering over six million square feet, has said that it is entering a growth phase with multiple launches across Chennai and Sriperumbudur.
Gross revenue of the company stood at Rs 137.98 crore in FY 2024 and Rs 186.20 crore in FY 2025, with projections of Rs 333 crore by FY 2027. The company’s active pipeline covers about 3 million sq. ft. India’s 60+ population, currently about 160 million in 2025, is projected to reach nearly 195 million by 2030. “The market for organised, lifestyle-orientated senior communities far exceeds current supply. Studies by JLL and ASLI indicate that organised senior living could grow about 300 per cent by 2030 and reach around Rs 64,500 crore,” said R. V. Shekar, Managing Director.
Lancor is scaling its senior living projects through the Harmonia Pavilion Senior Living Apartments at Town & Country in Sriperumbudur, a 90-acre mixed development. The project has 110 units ranging from 816 sq. ft. to 993 sq. ft. with access to community dining, recreation and shared amenities.
Chandrashekar, Chief Executive Officer, Lancor, said, “Today’s retirees are financially independent, health-conscious and socially active. They seek autonomy, wellness and community engagement. Senior living developments focus on secure designs with services such as food, healthcare access, housekeeping and recreation.”
Lancor has introduced its “Blue Circle Living” model for senior communities. “The model focuses on social connection, physical activity and nutritional excellence,” said V. K. Ashok, Director, Special Projects and Innovation.
The company is also expanding its city and redevelopment pipeline. Lancor Ananya on Warren Road and Lancor Avighna Residences in Alwarpet mark its urban additions. A development in Kalakshetra Colony, Besant Nagar and Temple Town plotted projects to support suburban expansion.
