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Unitech to invest Rs 2,000 cr in affordable housing projects

Unitech to invest Rs 2,000 cr in affordable housing projects
PTI
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First Published: Sun, Apr 10 2011. 05 59 PM IST
Updated: Sun, Apr 10 2011. 05 59 PM IST
New Delhi: Real estate developer Unitech Ltd on Sunday said it plans to invest Rs 2,000 crore in the affordable housing category in the country in 2011-12.
“We plan to invest Rs 2,000 crore in cities like Chennai, Bangalore, Delhi NCR, Bhopal, Mohali, Ambala in this financial year,” Unitech Limited vice-president Routhu Nagaraju told PTI.
He said the company will be investing Rs 75 crore in the first phase of its affordable housing project ‘Unihomes´ in Ambala, Haryana which is a part of about 150 acre Unitech township project.
In the first phase the company would be offering 300 units of two and three bedrooms, he said. The starting price of a unit in Ambala would be Rs 18.4 lakh.
He said ‘Unihomes´ is a part of the business plan of covering 10 million square feet and will be launched in multiple phases.
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First Published: Sun, Apr 10 2011. 05 59 PM IST