Unitech raises ₹70 cr from Piramal

PTI New Delhi | Updated on January 24, 2018 Published on June 28, 2015

Realty firm Unitech Ltd has raised about ₹70 crore from Piramal group to complete construction of its joint venture housing project in Chennai.

The company is developing about 49 acres project ‘North Town’ in Chennai in partnership with another realty firm Arihant. About 2,400 flats and villas are being developed.

When contacted, Unitech spokesperson declined to comment. The JV has plans to develop another 1,200 flats in the second phase of this project.

Published on June 28, 2015
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