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

New Delhi: Real estate developer Unitech Ltd on Sunday said it plans to invest ₹ 2,000 crore in the affordable housing category in the country in 2011-12.

“We plan to invest ₹ 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 ₹ 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 ₹ 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.