Unitech sells properties worth Rs 5,553cr during Mar-Dec`09

Last Updated: Monday, January 11, 2010 - 18:47

New Delhi: Unitech Ltd, the country`s second largest realty firm, has sold properties worth Rs 5,553 crore in ten months till December 2009 on the back of improved demand for affordable housing.

The company is well on course to exceed the targeted Rs 6,000 crore of sales in 2009-10 fiscal.

In a presentation to investors, Unitech said it has sold 13.14 million sq ft of area during March-December 2009 valuing Rs 5,553 crore, of which housing segment had the lion`s share of Rs 4,003 crore.
In May last, Unitech had announced it would develop 20,000 affordable houses at a cost of Rs 1,700 crore to become India`s numero-uno realty firm in housing segment. It has launched affordable houses under `UniHomes` brand.

The average realisation for the residential segment was Rs 3,733 per sq feet, while sales from non-housing segment Rs 6,401 per sq ft, the presentation said.

Out of the total sales booked in the review period, Gurgaon contributed 47 per cent, Noida and Greater Noida together 19 per cent, Chennai 13 per cent, Mumbai 12 per cent, Kolkata 3 per cent and other cities 6 per cent.
Unitech, which till sometime back was concentrated in the national capital region, has also become a key player in Mumbai, Chennai and Bhopal, it added.

The company said that construction work is progressing as per plan and nearly 20,000 workers are currently deployed at various sites, up from mere 3,500 on April 1, 2009.


First Published: Monday, January 11, 2010 - 18:47

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