Realty major Unitech is developing about 80 projects across the country covering 40 million sq ft of area and focusing on improving its execution capabilities. These projects are reached over different geographies in India further increasing the complexity in terms of project execution. The company is confident of providing high quality housing to all their customers with the internal initiatives undertaken for improving execution.
The company has taken some initiatives such as product standardization, in-house architectural and engineering design, expansion of contractor base and higher mechanization. In FY11, Unitech launched projects covering 10.44 million sq ft area. It booked 9.16 million sq ft for Rs 4,323 crore and delivered 4.25 million sq ft of completed area.
The company has registered a fall of 6.29% in its net profit for the year under review at Rs 510.08 crore as compared to Rs 544.30 crore for the last year. Its total income has decreased by 2.41% at Rs 2168.13 crore for the year from Rs 2221.71 crore in previous year.