Unitech (UNITECH) is engaged in the business of industrial and residential construction. It was incorporated on Feb. 9, 1971 as a private limited company and converted into a public limited company on Oct. 3, 1971. The company`s construction projects include residential, hotels, transmission lines, highways, and overseas turnkey projects. It has completed residential projects such as Karma Lakelands, Uniworld City, Greenwood City, Nirvana Country and The Palms; commercial projects in Gurgaon including Global Business Park, Signature Towers, Infospace, Unitech Business Park, and Millennium Plaza to name a few; retail and leisure projects in Gurgaon and Noida including Greenwood Center, The Great India Place and the Shikshantar School in Gurgaon, and the Radisson Hotels in Delhi. In 2007, the company signed a pact for a mega deal valued at Rs 33.28 billion over a 10-year period to set up the Vizag Knowledge City on 1,750 acres of land near Vishakapatnam. It is investing USD 720 million in four years to build 28 hotels with help from partners like Marriott International. With work started on four hotels in Kolkota, Noida, and Gurgaon, the company starts 10 more projects by the end of 2007.
It is investing INR 60 billion to develop a residential project of 5,300 apartments called Unitech Grande in Noida. It will be developed in four phases over 347 acres of land to be completed in six to seven years. In 2006, the company co-promoted New Kolkota International Development, which entered into an agreement with West Bengal Industrial Development Corporation, Government of West Bengal, for developing various projects over a period of 15 years. The company has an overseas office in Dubai and its registered office is located at 6, Community Centre, Saket, New Delhi-110017.
