Unitech,launch,Uniworld,Resort business, insurance Unitech to launch Uniworld Resorts
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Unitech, India'sleading business group and an integrated developer of large-scale real estateprojects, is planning to launch Uniworld Resorts, a residential project inthe midst of bustling Electronic City, Phase - I, Bangalore.The project locationperfectly fits in the walk to- work culture as it is in close vicinity to themajor IT campuses.Uniworld Resorts,spread over 20 acres, is offering Ground plus four floors low rise towers. Eachtower comprises of Duplex and Simplex units with a choice of 2.5, 3 & 4bedrooms in sizes ranging from 1930 to 4100 sq.ft with unit cost starting atRs. 80 lakhs. The project, Designed by Element Design Studio, Singapore, offersa secure living environment to its residents and will have a slew ofenvironment friendly features like solar heating and lighting, rainwaterharvesting, less vehicular movement on surface etc. These homes will also havethe features like 100% power back-up, Club House( Billiards/Pool Table,Gymnasium, Lawn Tennis and Badminton Court, Swimming Pool, Basketball Court.)etc.Uniworld Resorts willalso provide relief from the daily city rush. It is in close proximity to majorIT campuses, signal free elevated Hosur Expressway, Koramangalam and JP Nagar.This project also offers proximity to world class schools such as ChristAcademy, Sunrise International Residential School, Sherwood High, PodarInternational Radcliffe School, NTTF, IHMR & BTL Institute of Technology;and hospitals such as Narayana Hrudayalaya, Apollo Ecity, Ramkrishna HealthCare, Swami Trauma Centre and Aggarwal National Hospital.Commenting on theproject, V.K. Chadha, Executive Vice-President, Unitech said, We are pleasedto offer this project to the people of Bangalore. The project is strategicallylocated in the heart of Electronic City, with all facilities needed forcomfortable and healthy living.Bangalore being amajor economic hub of India with its vibrant IT and software industry, thedemand for residential projects has been healthy. Unitech is well poised tocater to this growing demand of residential projects in Bangalore. Unitechexpects to generate sales of Rs. 20bn across different segments of real estatedevelopment (Residential & Retail) in Bangalore over next 3 years.The launch ofUniworld Resorts, Bangalore is in line with Unitechs overall business plan tolaunch almost 10 million square feet in the next few months. In the past,Unitech has successfully launched Espace Premiere, Arcadia 2, South Park,Nirvana Courtyard 2 in Gurgaon; Residences, Unihomes in Noida; Fresco inKolkata; Great India Place in Bhopal and Dehradun; Aspen Greens in Mohali;Greenwood City, Birch Court, Chaitanya in Chennai; Unihomes in Rewari andAmbala; Palace Court in Mysore.Unitech has beensteadily improving its cash flow on the back of improved realization fromOperations. Companys debt, net of cash, reduced by Rs. 228 Crores during theyear. Company has a healthy balance sheet with a real estate net debt to equityratio of 0.46 which is one of the lowest in the industry. Being comfortablefrom a financial leverage perspective, the company is focusing on its coreoperations ~ Launches, Execution and Delivery of Projects. Delivery of finishedproducts has commenced in most of the pre-March 2009 projects and is expectedto accelerate in the coming months.
Unitech,launch,Uniworld,Resort