Unitech Realty Project

A Delhi court on Tuesday sent ex-promoter brothers of the Unitech realty group - Sanjay and Ajay Chandra - to custodial interrogation for a week in a money laundering case.

To the relief of aggrieved home buyers of Unitech, the Supreme Court Tuesday directed the realty firm to construct 514 flats in its five projects out of the funds generated from auctioning of its Kolkata property.

Realty stocks plunged up to 20 per cent in early trade today with scrips of Unitech and DLF taking a major hit following the government's measures to clamp down on the black money menace.

Facing consumer complaints over delay in project completion, realty firm Unitech on Friday said it will raise about Rs 300 crore from financial institutions and sale of land parcels to complete over 40 housing projects comprising 13,000 flats within the next two years.

The government has approved the proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares.

Realty firm Unitech Ltd has raised about Rs 70 crore from the Piramal group to complete construction of a joint venture housing project in Chennai.

Realty firm Unitech plans to raise about Rs 200 crore from private equity players to part finance its ongoing housing projects as the real estate market continues to remain sluggish.

Unitech shares slumped as much as 14 per cent on Tuesday after the National Consumer Disputes Redressal Commission asked the realty developer to compensate buyers for delay in delivering homes under its Vistas project in Sector 70 in Gurgaon.

Unitech Corporate Parks (UCP), group firm of the London-listed Unitech, said on Wednesday that it has completed a deal to sell its stakes in six IT-Special Economic Zone (SEZ) projects in India to Canada's Brookfield Asset Management for 188.9 million pounds (about Rs 1,850 crore).

Unitech Corporate Parks, a Unitech group firm listed in London, on Wednesday said it will sell its entire 60 per cent stake in six IT Special Economic Zone/Park projects in India to global realty firm Brookfield for over Rs 2,000 crore.

Unitech Corporate Park, a London Stock Exchange-listed group firm of Unitech, is in talks to sell its entire stake in 6 commercial projects being developed in India in partnership with the realty major.

MUMBAI, AUGUST 25: Unitech Ltd Wednesday denied media reports suggesting that Lehman Brothers' realty fund was exercising put option on its investment in the company's realty project in Mumbai. In a release to Bombay Stock Exchange, Unitech said it has not received any notice regarding the exercise of put option by Lehman Brothers' realty fund's ...

A Delhi court on Tuesday sent ex-promoter brothers of the Unitech realty group - Sanjay and Ajay Chandra - to custodial interrogation for a week in a money laundering case.

To the relief of aggrieved home buyers of Unitech, the Supreme Court Tuesday directed the realty firm to construct 514 flats in its five projects out of the funds generated from auctioning of its Kolkata property.

Realty stocks plunged up to 20 per cent in early trade today with scrips of Unitech and DLF taking a major hit following the government's measures to clamp down on the black money menace.

Facing consumer complaints over delay in project completion, realty firm Unitech on Friday said it will raise about Rs 300 crore from financial institutions and sale of land parcels to complete over 40 housing projects comprising 13,000 flats within the next two years.

The government has approved the proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares.

Realty firm Unitech Ltd has raised about Rs 70 crore from the Piramal group to complete construction of a joint venture housing project in Chennai.

Realty firm Unitech plans to raise about Rs 200 crore from private equity players to part finance its ongoing housing projects as the real estate market continues to remain sluggish.

Unitech shares slumped as much as 14 per cent on Tuesday after the National Consumer Disputes Redressal Commission asked the realty developer to compensate buyers for delay in delivering homes under its Vistas project in Sector 70 in Gurgaon.

Unitech Corporate Parks (UCP), group firm of the London-listed Unitech, said on Wednesday that it has completed a deal to sell its stakes in six IT-Special Economic Zone (SEZ) projects in India to Canada's Brookfield Asset Management for 188.9 million pounds (about Rs 1,850 crore).

Unitech Corporate Parks, a Unitech group firm listed in London, on Wednesday said it will sell its entire 60 per cent stake in six IT Special Economic Zone/Park projects in India to global realty firm Brookfield for over Rs 2,000 crore.

Unitech Corporate Park, a London Stock Exchange-listed group firm of Unitech, is in talks to sell its entire stake in 6 commercial projects being developed in India in partnership with the realty major.

MUMBAI, AUGUST 25: Unitech Ltd Wednesday denied media reports suggesting that Lehman Brothers' realty fund was exercising put option on its investment in the company's realty project in Mumbai. In a release to Bombay Stock Exchange, Unitech said it has not received any notice regarding the exercise of put option by Lehman Brothers' realty fund's ...