Indian real estate firm Unitech to raise additional long-standing funds

There were quite a lot of deliberations in the air regarding the next approach of the widely acclaimed Indian real estate firm Unitech but now everything has become calm. This is because of the annunciation of Unitech that its board approved raising additional long-standing funds by selling securities and issuing share warrants to its founders. What is the amount? Well, the company is yet to come out with a report on this. It is to be noted that the company last month sold shares for $325 million to institutional investors to tide over tight liquidity. It is also true that
Indian real estate firms have been hit by a severe cash crunch after high prices kept away buyers of homes, offices and shops.

Established in 1972, Unitech today is one of India’s leading Real Estate Developers. Initially, Unitech was only focusing to National Capital Region (NCR), and now Unitech has fast established a pan-India presence, and is one of the largest real estate developers in the country.

Unitech has always believed that real estate development is about creating state-of-the-art destinations that offer a much better lifestyle - whether in terms of living, working, or entertainment. They specialize in creating self-sustaining destinations by imbibing them with high quality housing, office spaces, retail spaces, amusement parks and even hotels. The company has the most diversified products, comprising of residential, commercial, IT parks, retail, amusement parks, hotels and SEZs which are known for their quality. In 1998, Unitech became the first real estate company in India to receive the ISO 9001:2000 certification for design, planning, construction and marketing of real estate. Recently, Unitech was awarded the prestigious title of Super Brand by Super Brand India.

Unitech is associated with internationally-renowned consultants such as Callison Inc. (USA), RMJM (UK), FORREC (Canada), SWA and HOK (USA) for superior quality and designs. Further, Unitech has a dedicated CRM department, which continues to monitor after-sales satisfaction and provides customer service.