Unitech sales booking rises by 29% to Rs 678 crore in April-September period

19 Dec 2016

Unitech’s sales bookings has increased by 29% and stood at Rs 678 crore during the first six months of this fiscal mainly on the back of higher sales in the commercial segment. The realty firm had sold properties worth Rs 524 crore in the April-September period of last fiscal. The non-residential segment contributed 2.15 million square feet area worth Rs 539 crore, while housing segment accounted for merely 0.35 million square feet at Rs 139 crore.

In terms of volume, sales bookings rose to 2.5 million square feet in the first half of this fiscal from Rs 0.9 million square feet in the year-ago period. The average sales realization has dropped to Rs 2,714 per square feet during the period under review from Rs 5,815 per square feet in the corresponding period of last year.

Unitech, one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc.

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