New Delhi: Faced with cash crunch, realty firm Unitech has sold 74-acre land in Gurgaon, Chennai and Hyderabad for Rs260 crore to boost its cash flow and complete ongoing projects. The Gurgaon-based developer has sold 41 acres in Hyderabad for Rs160 crore, 19.05 acres in Chennai for Rs67 crore and 13.55 acres in Gurgaon for Rs33 crore. More From Livemint »On the operational front, Unitech sold 2.75 million sq ft for Rs851 crore last fiscal against 1.28 million sq ft for Rs963 crore in 2015-16. Out of the total sales, the commercial segment contributed 2.24 million sq ft for Rs 673 crore while housing segment, which is affected the most, accounted for only 0.51 million sq ft for Rs 178 crore. Unitech delivered 5.18 million sq ft last fiscal and has to complete 33.16 million sq ft area.

Source: Mint June 25, 2017 09:11 UTC