Unitech, India's fourth-biggest real estate firm, has put two hotels near Delhi and some land parcel

Unitech, India's fourth-biggest real estate firm, has put two hotels business travel news near Delhi and some land parcels in southern cities on the block as it seeks to raise 800-900 crore to pare debt, two people close to the development said.
"The two properties are likely to fetch the company 500-600 crore," one of the people quoted earlier said. The land parcels that the developer is selling are part of three townships that it owns in Bangalore, Mysore and Chennai. Unitech is looking to raise close to 300 crore from their sale.
Unitech is already in the process of selling a 3.6-million square feet IT SEZ in Gurgaon, which is part of its Corporate Park portfolio. The developer has 40% stake in it. US-based private equity company Blackstoneand Singapore's state fund GIC are in the fray to buy the property for around 2,600 crore.
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