Profit

Unitech offloads stakes to raise cash

PUBLISHED ON: December 10, 2008 | Duration: 1 min, 55 sec

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Real estate major, Unitech Ltd is getting ready to offload stakes in its hospitality as well as realty projects to raise some much-needed cash. Unitech's corporate office in South of Delhi is up for sale as the five storied building offers almost 240,000 square feet of space, which is sure to fetch one of India's biggest realty developers upwards of Rs 500 crore.
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