Unitech plans to launch Uniworld Resorts in Bangalore

Unitech Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 507878 | NSE: UNITECH

03 Jun 2011 Evaluate

Unitech is planning to launch -- Uniworld Resorts -- a residential project in the midst of bustling Electronic City, Phase-I in Bangalore. The project location perfectly fits in the walk-to-work culture as it is in close vicinity to the major IT campuses.

Uniworld Resorts, spread over 20 acres, is offering ground plus four floors low rise towers. Each tower comprises of Duplex and Simplex units with a choice of 2.5, 3 & 4 bedrooms in sizes ranging from 1930 to 4100 sq.ft with unit cost starting at Rs 80 lakhs. The project, Designed by Element Design Studio, Singapore, offers a secure living environment to its residents and will have a slew of environment friendly features like solar heating and lighting, rainwater harvesting, less vehicular movement on surface etc. These homes will also have the features like 100% power back-up, Club House( Billiards/Pool Table, Gymnasium, Lawn Tennis and Badminton Court, Swimming Pool, Basketball Court.) etc.

The resorts will also provide relief from the daily city rush. It is in close proximity to major IT campuses, signal free elevated Hosur Expressway, Koramangalam and JP Nagar. This project also offers proximity to world class schools such as Christ Academy, Sunrise International Residential School, Sherwood High, Podar International Radcliffe School, NTTF, IHMR & BTL Institute of Technology; and hospitals such as Narayana Hrudayalaya, Apollo Ecity, Ramkrishna Health Care, Swami Trauma Centre and Aggarwal National Hospital.

The launch of Uniworld Resorts, Bangalore is in line with the company’s overall business plan to launch almost 10 million square feet in the next few months. In the past, Unitech has successfully launched Espace Premiere, Arcadia 2, South Park, Nirvana Courtyard 2 in Gurgaon Residences, Unihomes in Noida Fresco in Kolkata Great India Place in Bhopal and Dehradun Aspen Greens in Mohali Greenwood City, Birch Court, Chaitanya in Chennai Unihomes in Rewari and Ambala Palace Court in Mysore.

Unitech 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 decreased by 2.41% at Rs 2168.13 crore for the year from Rs 2221.71 crore in previous year.

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