Unitech raises Rs 70 crore to complete its housing project in Chennai

29 Jun 2015 Evaluate

In a bid to complete construction of its joint venture housing project in Chennai, realty firm Unitech has raised around Rs 70 crore from Piramal group. The company is developing about 49 acres project 'North Town' in Chennai in partnership with another realty firm Arihant. About 2,400 flats and villas are being developed.

The company, whose net debt stood at Rs 6,332 crore as on March 31, 2015, is facing problems in some of the housing projects due to delay in delivery. Unitech presently has ongoing projects in Delhi-NCR, Chennai, Bengaluru and Kolkata. It would raise funds in projects where substantial sales bookings have been achieved.

Unitech Share Price

11.21 0.53 (4.96%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 456.85
Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
DLF 898.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.