Real estate major, Unitech is planning to garner about Rs 250 crore over two years from the luxury housing project -- Aranya -- in Bangalore. The company plans to develop 68 villas in the 15-acre project. The villas size range from 4,319-7,000 sq ft.
In the first nine months of this fiscal, Unitech sold 5.4 million sq ft for a sales value of Rs 3,029 crore, while it launched projects totaling 7.17 million sq ft of area.
Unitech’s consolidated net profit stood at Rs 55.22 crore for the third quarter ended December, while net sales stood at Rs 513.90 crore. The company's net debt reduced by Rs 383.59 crore in the first nine months of the current fiscal and stood at Rs 5,190.26 crore as on December 31, 2011.
