Unitech''s supremacy might have been taken over by DLF but Sanjay Chandra, Managing Director of Unitech is now taking off in another direction by moving into Airport Development. The company is now actively scouting for some international players as partners. Unitech has a fancy for foreign partners in most projects it undertakes. Unitech has tie-up with Canadian company for expressway and is in pact with a Dutch firm for building a 3.6-kilometer long and 50-meter high bridge on Hooghly river.
Apart from all these Unitech also diversified into hospitality sector and would build 28 hotels and is also exploring opportunities for ''Project Management'' tie-ups with foreign players. Quarterly numbers reflect the optimism with income for first quarter up by 158 per cent at Rs 788 crore while profit was up by 371 per cent at Rs 347 crore. For unitech, the next couple of years will be critical. With Rs75, 000 crore to be spent on Noida projects and further big investments in hotels, there''s a lot to look forward to.
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