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Unitech to restructure Business

December 6, 2007

North Indian Realty Developer, Unitech with not so good quality of construction [Visible from the Cracked Wall in Unitech’s Uniworld City, Picture on your left] has chalked out an ambitious plan to develop 48 malls across India involving an investment of Rs 20,000 crore / $5 Bn.

Unitech wants to retain these malls under its proposed ReIT for fixed commercial rental income. Unitech is also planning to list on Foreign bourse [speculated to be Singapore, not certain yet]. A unit of Unitech Ltd is already listed on London’s Alternative Investment Market.

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