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Unitech eyes Rs 250-cr sales realisation

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Real estate major said on Monday it eyes a sales realisation of about Rs 250 crore over two years from the luxury housing project in Bangalore. The company announced the launch of its luxury villas project 'Aranya'. It plans to develop 68 villas in the 15-acre project. The villas sizes range from 4,319-7,000 sq ft.

"The project is in line with the rising demand for the luxury living propositions in Bangalore... We expect to generate sales booking of Rs 250 crore from the project over two years," Unitech President said in a statement. Unitech's consolidated net profit stood at Rs 55.22 crore for the third quarter ended December, while net sales was Rs 513.90 crore.

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