Unitech sales down by 31% in Q1
Real estate major Unitech Ltd registered decrease in sales by 31 per cent in Q1 as compared to the year-ago period.
While the company sold properties worth Rs 701 crore during the first quarter of this fiscal, they had registered a sales booking of Rs 1,020 crore during April-June quarter of last fiscal.
Unitech sold 1.51 million sq ft of area in the first quarter of 2012-13 fiscal as against 1.9 million sq ft in the corresponding period of previous year. The average sales realisation also fell to Rs 4,632 per sq ft in the first quarter of this fiscal as against Rs 5,361 per sq ft in the year-ago period.
Out of the total sales booking of Rs 701 crore during April-June quarter, housing contributed sales of Rs 607 crore and non-residential segment Rs 94 crore. Statistics show that Noida and Greater Noida contributed bulk of sales for the company during last quarter.
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