Delhi-based realty major Unitech has booked properties worth Rs 4,000 crore in its various

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projects since March. The developer has said residential space accounted for a chunk of the sales and contributed Rs 2,639 crore, while the rest was mopped up through the sale of non-residential projects.

The company gave the figures in a presentation to the investors. “We have already received the booking amounts towards space sale,” a Unitech spokesperson told the Financial Chronicle. He, however, did not divulge the exact amount. The booking amount usually amounts to 10 per cent of the total price of a residential unit.

In terms of space, the developer sold 10.11 million sq feet in its newly launched projects. The projects are coming up in Gurgaon, Chennai, Noida, Greater Noida, Mumbai, Kolkata, Lucknow, Bhopal, Mohali and Bangalore.

The total space being developed is about 21.30 million sq ft. The maximum space – 4.85 million sq ft — was sold in Gurgaon out of the 6.56 million sq ft being developed since March. The realtor has more than 60 ongoing projects across 10 cities and has committed to deliver 32 million sq ft over the next three years.

The company has clarified that the data on recent projects sales do not include sale from inventory of past projects or from non-residential plots. In order to expedite construction activities, the realtor claims to have increased the workforce by around 300 per cent at the project sites. .

The realtor had accumulated a gross debt of around Rs 9,000 crore by the end of March. It, however, managed to repay around Rs 2,000 to Rs 2,200 crore debt during the present financial year. Its present debt is estimated to be around Rs 6,800 to 7,000 crore.

Unitech managed to raise nearly Rs 4,500 crore through qualified institutional placement of shares in the current financial year. It also mopped up around Rs 1,000 crore through the sale of its hotel properties and office complex in Gurgaon and Delhi.