Rising debt is a major concern for all the leading realtors of the country. Sources reported at www.propertykhazana.com says that along with the others, Unitech is making its fast foot forward for clearing the debts with their recent sale of many land banks along with some concrete structures. These are been offered with few discounts to make the process faster and easier for their varied segments like education, healthcare and hospitality.
At present Unitech maintains a long chain of construction at various prime locations at the capital city, Mumbai, Kolkata and Hyderabad as per the sources added on www.propertykhazana.com. It is estimated that this selling activity will arrange another Rs 1000 crore for the company to get relief from their debts.
It also includes few of the joint venture hospitality projects in Gurgaon with the Marriot which were in the range of premium categories. This may make them richer by another Rs 250 crore along with other two under construction projects which were purchased by the company during the peak hours of the realty. Now with the dry up scene in the realty all the leading realtors are making a set back with few luxurious and premium homes as compared to the situation a couple of years ago. For more updates visit www.propertykhazana.com.
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