 |
-
News by Month
-
News by Category
Unitech Books Sales worth Rs 4000cr
Unitech, India’s second-biggest real estate player by revenue, on Tuesday said it has booked sales worth Rs 3,913 crore in the first six months of the fiscal 2010, selling 10.11 million sq ft, which is almost the same space sold by it in each of fiscal 2007 and 2008 — the boom years for real estate.
Out of 10.11 million sq ft, 8.16 million sq ft was booked in the residential segment, the company said in a presentation dated September 30, which was made public on Tuesday. It said these figures did not cover PLC, parking and club charges. In the past fiscal, Unitech had sold only about 3 million sq ft in 2008-09, as buyers shied away from the real estate sector in the face of the global slowdown.
“The target is to sell 20 million sq ft this year,” said a Unitech spokesperson. The average basic sale price of its projects though has dropped to Rs 3,234 per sq ft during March-September 2009, compared to an average of over Rs 4,000 per sq ft for its projects before September 2008, indicating that the company’s strategy to sell smaller units at lower prices drew response from buyers.
News Published Under: Real Estate Developers | No Comments »