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Unitech eyes sales realisation from B'lore project; Stk rises-news13032012

Tuesday, March 13, 2012

Shares of Unitech advanced over 3%, touching the day's high of Rs31.30, after company said that it is eyeing sales realisation of about Rs250 crore over two years from the luxury housing project in Bangalore.

The company announced the launch of its luxury villas project 'Aranya'. It plans to develop 68 villas in the 15-acre project. The villas sizes range from 4,319-7,000 sq ft.

'The project is in line with the rising demand for the luxury living propositions in Bangalore... We expect to generate sales booking of Rs250 crore from the project over two years,' Unitech President V K Chadha said in a statement.
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