Unitech, the country's second-biggest property firm, scrapped plans for a $600 million sale of shares in a real estate investment trust in Singapore, joining rival DLF in shunning equity markets after stocks plummeted.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The Gurgaon-based developer will seek $300 million from PE firms to build hotels and shopping malls in India this year, Managing Director Sanjay Chandra said on Monday. He didn&#39;t say when the initial share sale may be revived. India&#39;s benchmark Realty Index shed 54 per cent this year. </P></p><p class='TableClas'></p></table>


Unitech drops plan to sell S`pore REIT shares worth $600mn

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