Unitech to benefit as NOIDA Extension buyers scout options


Unitech has been upgraded to "BUY" by JP Morgan and the stock is offering good Buying opportunity. The stock had jumped as much as 10 per cent yesterday...Holding at 34.45...
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Re: Unitech

Above Rs 40, Unitech can test Rs 48: Jitendra Mehta Edelweiss

"Yesterday Unitech did rally on very high volume. In fact if you see BSE realty index you can see the kind of a movement in lot of other names also. I think Rs 40-41 remains a crucial resistance for Unitech. Once it starts trading above Rs 41 levels you can see a rally all the way till Rs 48."

Unitech has yet to receive R3,000 crore cash flows from two large parcels in the companys portfolio 1.) Nine hundred acres of high value land parcels along the companys traditional stronghold of Sohna Road, Gurgaon region (Land transactions at R35-100 mm/acre versus book value R15mm/acre); and 2.) Noida land holdings especially on its 350 acre parcel in Noida (Grande).
Re: Unitech

Technical analyst Pankaj Jain of Satguru Capital has maintained 'hold' rating on Unitech Limited stock with a stop loss of Rs 33 or 36.

The analyst said that the investors can exit on a rally to around Rs 42-43.

# Earler, Unitech announced that it will make an investment of Rs 2,000 crore in 2011-12, 33% more than 2010-11 in construction of novel projects, largely housing, across India.

Unitech has also determined an objective to attain a 20% growth in sales booking in 2011-12 to around Rs 5,500 crore as it plans to roll out more projects during the year in cities where it is already present in addition to new locations.
Hold Unitech; target of Rs 39: KRChoksey

KRChoksey has recommended hold rating on Unitech with a target of Rs 39, in its May 31, 2011 research report.

Unitechs consolidated revenue stood at Rs. 1,054 crore in Q4FY11, against of Rs. 660 crore i.e. 60% growth QoQ, while 4.8% decline YoY. The company booked ~2 msf in Q4FY11 against 2.2 msf in Q3FY11 (i.e. 10% de-growth QoQ). Average realizations for residential projects in Q4FY11 stood at Rs. 4,341 psf against Rs. 4,656 psf in Q3FY11; while average realization improved 8% over the last 3 quarters. Unitechs revenue for the year FY11 was Rs. 3,187 crore against Rs. 2,931 crore in FY10 which is 8.7% growth YoY. The company booked about 9.2 msf of sales for FY11 missing its guidance of 10 msf.

Unitech launches Nirvana Courtyard 2 and the Willows in Nirvana Country 2, Gurgaon

Unitech, India's leading business group and an integrated developer of large-scale real estate projects, has launched two projects in Nirvana Country 2, Gurgaon ~ Nirvana Courtyard 2 and The Willows. Nirvana Country 2, a 100 acre integrated township located in sector 71,72 Gurgaon, has luxurious developments like Alder Grove (villas), Espace Premiere (villas) and Exquisite (apartments).

Nirvana Courtyard 2 offers a combination of world-class office spaces and retail outlets. It is offering ready to move office suits, in sizes starting from 486 sq. ft., with false ceiling & lighting, flooring, split ACs in all units, 100% power back up, etc. The office block has been planned with spacious lobbies, common areas, independent access to it, etc. It also has retail options, in sizes starting from 300 sq. ft., such as health clubs, beauty clinics, restaurants with open terrace & seating for a fine dining experience, cafes, boutiques. It also offers high visibility for all shops, split ACs in all units, 100% power backup etc.
Re: Unitech launches Nirvana Courtyard 2 and the Willows in Nirvana Country 2, Gurgao

Unitech has been steadily improving its cash flow on the back of improved realization from Operations. Company's debt, net of cash, reduced by Rs. 228 Crores during the year. Company has a healthy balance sheet with a real estate net debt to equity ratio of 0.46 which is one of the lowest in the industry. Being comfortable from a financial leverage perspective, the company is focusing on its core operations ~ Launches, Execution and Delivery of Projects. Delivery of finished products has commenced in most of the pre-March 2009 projects and is expected to accelerate in the coming months.
Unitech ramping up retail business, to invest Rs.2,000 cr

Unitech Ltd, Indias second largest real estate company, is expanding its retail development business and plans to invest around Rs.2,000 crore over the next three years to develop about 2 million sq. ft of premium and luxury shopping malls.

The road map is to monetize the existing land parcels we have spread across various cities and to also acquire new land to build shopping malls, said Munish Baldev, head, retail, Unitech.
The Supreme Courts verdict upholding the denotification of 156 hectares of land allotted for residential development to developers in Greater NOIDA has come as a blessing in disguise for Unitech and Parsvnath, which is seeing upswing in enquiries since trouble began in this area in May this year.

Unitech which do not has projects in NOIDA Extension, has seen sales and enquiries rising for its projects in adjoining areas as buyers are now scouting for options elsewhere. It has come as a handy opportunity for Unitech.

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