Unity Infra in talks with developers to sell Mumbai land

Hopes to raise Rs 350 cr from selling 0.5 mn sq ft plot in Parel area

Mumbai-based Unity Infraprojects is looking to sell 0.5 million sq ft plot in Parel area of Mumbai, said sources in the know.

The company is looking at a valuation of Rs 350 crore and already in talks with several top developers such as Tata Housing, Peninsula Land, Godrej Properties among others, source said.

"The company is open to jointly developing the land or outright sale," sources said. The company could not be contacted for comments.