Unitech Ltd has sold properties worth Rs 7,033 crore during the last fiscal on the back of a revival in housing demand, particularly in the affordable segment. In a presentation to investors, the company said it has become a key player in all four metros. Earlier, Unitech had a greater presence in the national capital region (NCR). “Value of sales booked in last fiscal year is more than Rs 7,000 crore,” Unitech said. Of the total sales booked, nearly Rs 5,000 crore came from housing, while the non-residential segment contributed Rs 2,056 crore to overall sales, the presentation said. Last year, Unitech started to focus on the affordable segment to boost its sales and launched a separate brand, Uni Homes, to focus on this category. As per the presentation, the company sold 16.6 million sq ft of area during the 2009-10 fiscal out of 26.2 million sq ft that it launched. It has sold 13.5 million sq ft of housing and 3.1 million sq ft of non-residential property. The company aims at launching 30 million sq ft of area in 2009-10. Unitech said it has increased the number of workers at its various sites to 21,000 from about 3,000 at the start of the last fiscal. On the delivery status of past projects, the company said 6.8 million sq ft has been delivered, while 15.6 million sq ft is yet to be delivered. “Work progressing as per plan in all projects. Construction or pre-construction activities have commenced in 99 per cent of recently launched projects,” Unitech said. Source: www.indianrealtynews.com
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