Unitech Ltd has a very large Land Bank in North India, only next to DLF in our research. Here is the details and current market pricing of the same.
Gurgaon Sohna Road and others (860 acres) Value of Rs 35MM to Rs 10MM/Acre. - Rs 4300 Cr
Gurgaon Karma Lakelands (125 acres) Value of large (100 acre+) contiguous land parcels is Rs 70-100MM/acre - Rs 875 Cr
Gurgaon Manesar (230 acres) - Rs 460 Cr
Noida Grande (350 acres) Most of the revaluation comes from Grande Parcel (350 acres) which the co acquired in 2005 for Rs 1700 Cr currently valued at Rs 5250 Cr
Noida - Sec 113 and Expressway (100 acres), Recent 58 acres acquisition - Rs 1350 Cr
Unihomes noida greater noida (320 acres) - Rs 480 Cr
Others - Mostly relate to Chennai/ Hyd and rest of India parcels. Co. trying to monetize the same With Unihomes but progress there is slow - Rs 5500 Cr
Debt - Rs 2500 Cr
Thus Net of liabilities this translates into a value of Rs 62/Share of Unitech listed on BSE & NSE.
