Unitech to launch 13 new projects in 2-3 months

12 Feb 2010 03:40 AM

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 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.