Unitech, the country’s second largest real estate developer, plans to generate Rs 900 crore from the sale of two hotels in Gurgaon and a commercial office complex in Saket,
The Sanjay Chandra-led company also plans to reduce its debt to Rs 4,000-Rs 5,000 crore by the second quarter of the next financial year from the sale of assets. As on March 2009, Unitech had Rs 8,900 crore worth of debt on its books. It intends to repay Rs 1,000 crore debt by the end of June.
The company is also looking to sell its school and hospital plots. “We have around 20 school and hospital plots in the national capital region (NCR) and are negotiating with prospective buyers.
crackcrack| Company Name | CMP |
|---|---|
| Lodha Developers | 827.75 |
| Dilip Buildcon | 434.80 |
| DLF | 569.60 |
| Oberoi Realty | 1671.50 |
| Ahluwalia Contract(I | 782.75 |
| View more.. | |
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