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Unitech to pump in Rs 9000 crore in two properties at Hyderabad
Posted by Srini Uppala | February 25, 2008 | 685 views
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Loading ...Unitech, the country`s second largest realty firm, has secured two real estate projects in Hyderabad and will be developed over the next eight years at an investment of about Rs 90 billion, reports Business Line.
The company has bagged a mixed-use project located at Budvel from Hyderabad Urban Development Authority (HUDA) for development of residential, commercial and retail space over 164 acre of land.
The total investment on this project would be Rs 30 billion, including about Rs 6,640 million for land.
The company expects to generate revenue of Rs 60 billion from this project. The construction work is expected to start in the next fiscal.
Unitech has also bagged a project from Andhra Pradesh Industrial Infrastructure Development Corporation (APIIDC) to develop an integrated airport township in Hyderabad on public-private partnership.
Shares of the company gained Rs 12.35 , or 3.34% to settle at Rs 382.15. The total volume of shares traded was 666,421 at the BSE.(Monday ).
SOURCES:
My Iris
Topics: Real Estate |
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