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Unitech to invest Rs 2,000 cr this year


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The announcement comes a day after
the Reserve Bank increased the short-term lending rate which may make home
loans costlier by up to one percentage point.

Unitech has also fixed a target to
achieve a 20 per cent growth in sales booking this fiscal to about Rs 5,500
crore as it plans to launch more projects this year in cities where it is
already present as well as new locations.

“We have a land bank of about Rs
7,500 acres across the country. We want to monetize our land bank and therefore
the company has decided to focus this year on getting approvals for more
projects and then launching it,classic nike air,” Unitech Vice President (Corporate
Planning and Strategy) R Nagaraju said.

He said the company has earmarked an
investment of Rs 2,000 crore in the current fiscal year on construction against
Rs 1,my team jersey,500 crore during last fiscal.

Nagaraju said the company has
launched 14 projects since January and plans to bring more this fiscal.

In February, Unitech had announced
that it would launch 10 million sq ft of area in next six months, out of which
the company has so far launched three million sq ft.

The company plans to enter new cities
like Hyderabad,jordan sneaker sale, Cochin, Bangalore,cheap celtics gear, Dehradun and Cochin by September.

“We are aiming for about 20 per
cent growth in sales booking in 2011-12 fiscal from about Rs 4,500 crore last
fiscal,” he said and claimed that the company’s sales booking have not
been affected because of controversies related to 2G telecom scam.

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