Unitech sells 450 floors under Gurgaon project for Rs 350 cr

Realty major Unitech today said it has sold 450 independent floors for about Rs 350 crore under a township project in Gurgaon.  "Unitech sold more than 450 units of its newly launched project, Anthea Floors, and garnered a sale of about Rs 350 crore from these," the country's second largest realty firm said in a statement. The project, which was launched a week back, is part of a 100-acre township that the company is developing in Gurgaon. The independent floors were launched at a starting price of Rs 55 lakh, a company official said. The construction cost for these 450 independent floors would be about Rs 100 crore, he added. The township will comprise of villas, apartments, floors, plots and retail developments, the statement said. "Unitech expects to generate revenues of over Rs 1,500 crore over the next 3-4 years from this township," it added. The company said that it has launched 7 million square feet of area in the last seven months. Unitech is currently developing about 80 projects across the country, spanning 40 million square feet of area. The company has a presence in the national capital region, Chennai and Kolkata. In 2010-11, Unitech launched projects covering 10.44 million square feet area. It booked 9.16 million square feet for Rs 4,323 crore and delivered 4.25 million square feet of completed area.

Source: http://economictimes.indiatimes.com/markets/real-estate/news-/unitech-sells-450-floors-under-gurgaon-project-for-rs-350-cr/articleshow/9442364.cms