Monday 16 February 2015

Unitech firms up despite reporting 38% fall in sales bookings during April- December

     Unitech has reported 38% fall in its sales bookings to Rs 663 crore in the first nine months of the current financial year due to slowdown in housing demand. The Gurgaon-based firm had achieved sales bookings of Rs 1,071 crore in the April-December period of the last financial year. The company has sold 1.1 million sq ft for a value of Rs 663 crore during the April-December period. The average realisation stood at Rs 6,027 per sq ft.
     Delhi-NCR contributed about Rs 455 crore of sales bookings. Out of Rs 663 crore sales bookings in the first nine months of this financial year, Rs 307 crore were in housing and the remaining Rs 356 crore in the non-residential segment. Unitech launched 0.6 million sq ft while delivered 3 million sq ft area in the first three quarters of this financial year.
     Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.
     Unitech is currently trading at Rs. 18.60, up by 1.90 points or 11.38 % from its previous closing of Rs. 16.70 on the BSE.

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