Lanco Infratech Limited has informed the stock exchanges that Lanco Horizon Properties, a Lanco Infratech group company would take up joint development of about 47.6 acres of land located near the SIPCOT Industrial Estate on the IT Highway at Siruseri on the Old Mahabalipuram Road (OMR) in the outskirts of Chennai city. The Lanco Infratech stock seems to be a good buy, considering the order book size and its new ventures.