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Thursday, July 5, 2007

Unitech Expects 150 Billion Rupee Sales From Project

Unitech Ltd., India's second-most valuable real-estate company, expects sales of 150 billion rupees ($3.7 billion) from a luxury housing project that it plans to build in Noida, near New Delhi.

The New Delhi-based developer acquired land for the project at 15.82 billion rupees in May last year, Unitech said in a statement today. The total cost of the project, to be built in Noida, will be 60 billion rupees. ....Bloomberg.com: India

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