Unitech Ltd, Indias second-biggest real estate developer, has sold more than a quarter of its launched projects in the first two months of the financial year as it tweaked its product mix and lowered prices.
The New Delhi-based company, which had launched 9 million square feet of residential space, has sold 2.5 million square feet (over 2,000 units). The developer has been able to garner as much as Rs 850 crore ($170 million) from the sale, according to a presentation the developer made to its investors earlier this month.
We have received an overwhelming response to our residential projects. The strategy of launching the projects at an average Rs 3,000 per sq ft is paying off, said a company official.
More : tehrantimes.com
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