Unitech to invest Rs 4,000 crore to develop 13 shopping malls

26 Nov 2011

Realty firm, Unitech is planning to invest about Rs 4,000 crore to develop 13 shopping malls over the next four years. The company is exploring land for another five malls in the metros and state capitals.

At present, the company has nine malls under construction and acquired land for another four malls. The nine malls, which are under construction would be operational by 2013-end.

The company currently has three operational malls in Noida, Delhi and Gurgaon with a total area of 1.3 million sq ft since 2006. The upcoming malls would be in Noida, Kochi, Bhopal, Bhubaneswar, Bangalore, Dehradun, Mohali, Lucknow, Gurgaon, Hyderabad, Mumbai and Kolkata.

Recently, the company sold over 300 housing units worth Rs 250 crore under a recently launched project at Gurgaon. Apartment prices at Crestview start from Rs 70 lakh. Group housing project ‘Crestview’ is a part of the 500-acre integrated township that the company is developing in Gurgaon in Haryana.

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