Photo: MintNew Delhi: Realtor Unitech Ltd informed the Supreme Court on Monday that it had finalized a Rs400 crore deal for the sale of two land parcels in Chennai that would enable it to complete unfinished projects and refund buyers. Ltd for sale of the land parcels worth Rs400 crore. The amicus (friend of the court) is free to sell it if the company backs out,” Mukul Rohtagi, counsel for Unitech, told the court. The court directed that an official from the buyer be present in court with a demand draft for Rs400 crore in the registrar’s name to show its inclination of purchasing Unitech’s land. It is also developing a few housing projects on its own.

Source: Mint January 29, 2018 13:54 UTC