In a bid to repay its debt, realty major Unitech has sold almost 10 acres of land in Bangalore and Mysore for about Rs 100-130 crore. These land parcels were non-core assets for the company.
At present, the company has debt of about Rs 6,200 crore, including Rs 150-200 crore from Life Insurance Corporation of India (LIC).
In January, Unitech was looking to sell plots in south India for about Rs 400 crore and had planned to divest two hotels in Noida and Gurgaon for an estimated Rs 600 crore.
Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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