Unitech kick starts the process to raise upto Rs 1200 crore from Gurgaon IT SEZ

Unitech has kick-started the process to raise Rs 1100-1200 crore from Gurgaon IT SEZ. Unitech Corporate Parks (UCP), promoted by the Unitech group’s Chandra’s and listed on London’s Alternative Investment Market (AIM), holds a 60% stake in the SEZ, while real estate firm Unitech holds the rest. The company has fixed July 12 as the last date to submit the bids.

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.