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Unitech gets block with HDFC

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Second ranked realty Indian group – Unitech is getting ready for a new deal with the HDFC as its 2 lakhs square feet office space is on block at the upmarket Saket in the capital city. As per the sources of www.propertykhazana.com, both the realty teams have agreed about the block but no one came with the final verdict of the deal. Nothing can be revealed until and unless the deal is completed as stated by Ramesh Chandra – Chairman of the Unitech group.
On a short note with the joint MD of HDFC had said that the “Unitech is willing to sell out their Saket property but at present we are not interested in investing at any construction. She also adds that the “Saket asset was earlier kept on mortgage to the firm for a sum of Rs. 30 crore but the realty house has much more to pay to the HDFC”. But according to the sources of www.propertykhazana.com, an opposite comment was heard from Unitech executive saying that the HDFC is keen to buy the Saket property for a sum of Rs. 455 to Rs. 550 crore and already the formal documentation has been completed.
Sources of www.propertykhazana.com also reveal that it is not a new business for the tough time realty as many properties are on pipeline to get the cash flow in the market.
Source: NBTVLIVE

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