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Unitech Plans To Raise $560 Million From PE Funds

Realty major, Unitech is in talks with private equity funds for investments up to $560 million (Rs 275 billion). According to sources, the company is also in negotiations with banks to restructure an additional Rs 500 crore (Rs 5 billion) of loans as Read More...
Posted Friday, February 13, 2009 2:48 PM by Ehsaan M.W | 0 Comments

Good News For Realtors, Borrowing Costs To Eas

This New Year has brought some good news for real estate companies, many of which were believed to be on the threshold of bankruptcy due to a liquidity crunch, mounting debts and little chances of loan refinancing. The interest rates at which realtors Read More...
Posted Friday, February 13, 2009 2:45 PM by Ehsaan M.W | 0 Comments

Tough Time Ahead for Indian Builders

Unitech is the worst performing Nifty stock of 2008, the stock has crashed 92 per cent. Its peer, DLF is no better, it has fallen 80 per cent while developers such as Parsvnath and Sobha too have lost 90 per cent. The real estate market has been the worst Read More...
Posted Sunday, January 25, 2009 6:32 PM by Ehsaan M.W | 0 Comments

Knowledge City to be set up in Visakhapatnam

Unitech Ltd has come to an agreement with the Andhra Pradesh government to set up the Vizag Knowledge City on 1,750 acres of land near Vishakapatnam, for which it will pay Rs 3,328 crore over a ten-year period. At Rs 52 lakh per acre, it may not be the Read More...
Posted Thursday, December 13, 2007 5:22 PM by Farooq M | 3 Comments

Manesar is being developed by the Govt. of Haryana as the new area for development

With the growing scarcity of land in the existing Gurgaon Master plan, Manesar is being developed by the Govt. of Haryana as the new area for development. Most of the builders have already acquired lands in Gurgaon Manesar Expressway to develop townships Read More...
Posted Tuesday, October 23, 2007 2:12 PM by Farooq M | 0 Comments

NRIs Boost indian property market

India has a housing shortfall of 26 million units with the bulk of demand coming mostly from non-resident Indians (NRIs), making it a rich property market for developers to tap, a Citibank official yesterday said. Mumbai-based Ashish Mehrotra, business Read More...
Posted Tuesday, October 23, 2007 1:47 PM by Farooq M | 2 Comments

Telecom, The Next Big Thing In Real Estate

The uncertainty in the prices of property has made real estate companies to integrate into telecom. Developers want to tap the opportunities as telecom offers more revenue stability. Developers are lining up in droves to offer telecom services-or, more Read More...
Posted Friday, October 19, 2007 5:07 PM by Ehsaan M.W | 1 Comments

Unitech annouces luxury residential project - Unitech Grande in Noida

New Delhi, India, July 07, 2007 - Indian real estate major Unitech Ltd has announced the launch of a premium residential project, Unitech Grande, in Noida. Unitech Grande is a premium lifestyle destination offering super luxury apartments in sylvan surroundings Read More...
Posted Friday, July 13, 2007 3:46 PM by Ehsaan M.W | 2 Comments