Three new schemes for Indian property investment developer

An Indian developer is starting 2009 on a positive note as it pushes ahead with three major new projects.

Unitech Group issued a statement declaring it had now become India’s leading real estate builder with 22 huge residential schemes across the country. Its latest projects include Iconic Towers in the National Capital Region, Harmony at Uniworld City in Kolkata and Uniworld City in Mohali.

The latter is a particularly ambitious residential plan and covers a huge space of three city sectors including landscaping and a shopping mall.

The company said:

“Unitech today has a market capitalization of around US$10 billion and possess a large land bank of 14,500 acres that spreads across some of the fastest growing cities in the country like Delhi, NCR, Kolkata, Chennai, Hyderabad, Bangalore and Kochi.”

Last month the company said it had been given approval to start work in four more designated service areas – taking its approvals to 20 in 22 Indian service areas.

Founded in 1972, the company also specialises in the likes of retail, construction and wireless services.

The firm is credited with developing the first ‘ultra-luxury’ residential property project in India – Unitech Grande, built in Noida and covering 347 acres.

Related posts:

  1. India’s Unitech not affected by Lehman crisis
  2. Developer to push on with Indian investment property builds
  3. Research suggests which new Indian real estate schemes are in demand
  4. Indian property developer builds four townships
  5. Foreign investment in Indian property to reach $25 billion

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