Unitech Group Says No To Land Buying
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Published: April 28, 2009 at 8:56 AM |
Author: Administrator
News Source: 18 April 2009 - Business Standard |
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Unitech Ltd has assured investors that it won't purchase more land in the near future to expand its business. The company said that it does not have any plans to acquire land in the future, except for extremely attractive opportunities. The developer has sufficient land bank to meet its development plans for the next seven-eight years, the company told its investors. It plans to utilize the money to cut debt and expand affordable housing projects to generate liquidity.
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