Worth a read!11 Dec 2008 14:07
Unitech, the country’s second largest property company by market value, is raising Rs 2,500 crore by January by selling of hotels and commercial space and transferring Rs 1,200 crore debt to its telecom joint venture, Unitech chairman Ramesh Chandra said recently. Unitech has plans to sell three of its projects that are nearing completion. The company is in the final stages of selling its Courtyard by Marriot, the 199-room budget hotel in Gurgaon, and 2.25 lakh sq feet of space in Saket, Delhi, before January.