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(From India Business Insight)
Lok Housing and Constructions Ltd (LHCL) is a housing construction company which has completed 40 projects involving the construction of 70,000-80,000 houses in and near Mumbai. The company is also involved in slum rehabilitation. LHCL has submitted a proposal to the Government of India to develop 55 acres of land, from its 125-acre land at Turbhe and 55-acre stretch at Mandale which are under litigation, as a slum- rehabilitation project consisting of 15,000 flats for slum dwellers and 300 cess buildings, as part of settlement of dues. …