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Unitech: Hope to achieve FY08 revenues of Rs 3000 Cr, Current land bank at 14000 acres
Thursday, September 13, 2007
Unitech sees office rental growing by 30-40% over 7-8 months. Residential prices in tier-1 cities have gone up by 15-20% since beginning of year.
"I think most of the Tier I cities, we are still seeing a healthy growth in pricing, it depends on the asset class and the location. We see office rentals across the board, office as well as commercial retail properties, are still climbing very steadily. Residential is also growing but not as much as the offices. We have seen office rentals go up 30-40% over the last 7-8 months," said Chandra.
Unitech is hoping to achieve FY08 revenues of Rs 3000 crore. Company has no intention to raise capital they are adequately funded. Their land bank is at 14000 acres.
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