Unitech holds about 80 pan-India projects in its kitty

NEW DELHI: Real estate major Unitech Limited, is soaring high as currently the company has nearly 80 pan-India projects under its kitty covering 40 million sq ft of area and is actively working on improving its execution capabilities.

In the annual report of the last fiscal, Mr Ramesh Chandra, the Chairman of the company told shareholders, “Going forward, the quality of execution will determine whether Unitech will move to the next level or not. And, this is where most of the company's attention is now centred. These projects are spread over different geographies in India further increasing the complexity in terms of project execution. However, with the internal initiatives undertaken on improving execution, we are confident of providing high quality housing to all our customers.”

Moreover, the company has also some initiatives, such as product standardisation, in-house architectural and engineering design, expansion of contractor base and higher mechanisation.

During the financial year 2010-2011, the company has launched projects covering 10.44 million sq ft area. About 9.16 million sq ft projects were booked for Rs 4,323 crore and has delivered 4.25 million sq ft of completed area.