Close on the heels of announcing a Rs 750 crore deal with Lehman Brothers Real Estate Partners for its Mumbai project, Indias second largest listed realty company Unitech today said that it is in talks with Lehman for raising funds for other commercial projects in the country.
The deals are set to be finalised in the next 5-6 months. Unitech is developing nearly 25 million sqft of commercial space in cities including Delhi, Gurgaon, Noida and Kolkota and the company could dilute the stake in the specific projects, the company
The company is also in talks with other private equity players to raise nearly Rs 1260 crore to fund its mall and hotel projects across the country, according to company sources. The company is setting up nearly 26 hotels in the next couple of years and 15 malls with an investment of Rs 20,000 crore.
More : business-standard.com
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