Unitech Ltd on Tuesday claimed it has notched up sales of 10.11 million sq.ft of residential and non-residential space between March and September, with a value of Rs 4,000 crore.
In a detailed investor presentation, India’s second largest real estate company said it is working on delivery of projects by March 2011.
The company had last week faced customer ire over delay in completion of Unitech Habitat at Greater Noida.
More : thehindubusinessline.com
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Unitech Ltd
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Greater expectations
When Unitech launched its first project in Greater Noida in December 2004, it was a runaway hit. Despite the seemingly astronomical rate of Rs 1,725 per sq ft, all the apartments in Unitech Heights were sold out within three days. A 1,900 sq ft flat, along with additional charges for amenities, carried a price tag of close to Rs 35 lakh. But investors didnt care. They just poured money in. That recklessness has paid off. The rate has jumped to Rs 2,550 per sq ft today. A flat in Unitech Heights is now worth almost Rs 52 lakh. So great
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