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Easy scheme to be introduced by pooling in Rs 600 in housing sector by Unitech

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A new scheme termed as ‘Unihomes’ is being contemplated by the second biggest realtors i.e. Unitech Ltd. spreading at different places in India. The same would be started in Noida, Greater Noida, Chennai, Kolkata, Rewari, Bhopal and Mohali with an estimated cost of Rs. 30 Lakh in a 4.5 million area of land comprising of nearly 5000 apartments, added the source at www.propertykhazana.com. The pooling of money for the same would be undertaken by the company.
DLF had initially stated that it may start 30 million Sq.ft for execution of these housing and business establishments during the year 2009 of which 20 million housing sectors would come up by the end of 2009. The scheme which came effect in August, of which 17 million sq. ft housing projects have already taken shape and have let out 6000 apartments.
Having mobilized nearly Rs.4, 500 crores under QIPs, the company plans to mobilize Rs. 500 crores by letting around 25 area of land as its hotel sector diversification programmes is delayed due to a downtrend for want of the same. The company is currently having a liability of nearly Rs.7000 crores which may see a decline of Rs. 4000 crores by the end of the year, added the source at www.propertykhazana.com. For more and latest real estate updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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