Real estate major Unitech today said it plans to launch 12-13 new projects, most of them residential, in the next few months.
"We will be launching 12-13 new projects, predominantly in the residential side, in next 2-3 months across the country," Unitech Managing Director Sanjay Chandra told reporters here.
The total space of these new projects would be 7-8 million square feet, Chandra said.
The company is also focussing on reducing debt. The realty firm has already brought down its debt from Rs 10,000 crore to below Rs 6,000 crore.
"In FY11, we plan to reduce our debt by another Rs 1,000 crore," Chandra said.
Going forward, Unitech focus would be on affordable housing, except in Mumbai where it would concentrate on premium segment due to high land prices, he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app