Unitech sales at Rs 4,000 cr in march to september

Delhi-based real estate firm Unitech has raised Rs 4,000 crore from the sales of projects spread over 10.1 million (mn) sq ft between March and September.

Delhi-based real estate firm Unitech has raised Rs 4,000 crore from the sales of projects spread over 10.1 million (mn) sq ft between March and September.

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Stressed by delays in conprojects launched during 2006-2009, Unitech is ramping up contract workforce employed in order to deliver these by March 2011.

The company has since launched over 30 projects totalling 21.30 million sq ft (17.79 mn sq ft residential and rest non-residential) since March this year.

These projects are across cities like Gurgaon, Chennai and Noida, of which it has so far sold about 47 per cent (10.1 mn sq ft).

Experts view 47 per cent sales in the current economic scenario as positive. “Close to 50 per cent sales indicate there is movement in the market,” said Anshuman Magazine, chairman & managing director, CB Richard Ellis, South Asia.

DLF, which recently launched the second phase of its residential apartment project Capital Greens in West Delhi, sold the entire lot of 1,250 apartments within hours of the launch.