8/12/2019 Unitech Ltd is a Leading Real Estate Developer in India

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Unitech Ltd is a leading real estate developer in India. The business operations of the company consists of construction,

contracts, development of real estate, consultancy and management services, hotels, manufacturing of power

transmission and telecom towers. The company is the first developer to have been certified ISO 9001:2000 in North

India and offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, amusement

parks and SEZs. The company has six segments, namely real estate, construction, transmission towers, consultancy,

hospitality and others. The construction activities include construction contracts of highways, roads, powerhouses,

manufacturing of transmission lines, refineries and various types of other buildings/structures. Real Estate Developmentincludes development of mini cities/ townships construction of residential and commercial complexes. Consultancy and

management services include overseeing of project execution, marketing of real estate ventures for associates and joint

ventures. The manufacturing of power transmission and telecom towers in India is carried out through a subsidiary,

Unitech Power Transmission Ltd. Unitech Ltd was incorporated in the year 1972 by four civil engineers as a soil testing

company. In the year 1975, the company entered into construction activities. In the year 1978, they forayed into the

Middle East for construction projects. In the year 1980, they started construction of power projects. In the year 1986,

they entered into real estate starting with Gurgaon. Also, they entered into capital market through public issue. In the

year 1995, the company established a joint venture with Hyundai for the transmission tower manufacturing. In the year

1996, they forayed into hospitality with the construction of Radisson Hotel, Delhi. In the year 2003, the company

commenced property and facilities management services. In the year 2004, they forayed into amusement parks, namely

Adventure Island, Delhi and Worlds of Wonder, Noida. In the year 2005, the company acquired the remaining stake

from Hyundai in the transmission tower manufacturing JV. In the year 2008, the company entered into telecom business

through Unitech Wireless. Also, Unitech Wireless received pan-India telecommunication licenses viz. Unified Access

Service Licences (UASL), in all 22 telecom circles. The company completed the construction of Gurgaon Central, a

retail mall spread over an area of 100,000 square feet. During the year 2008-09, the company received initial spectrum

(4.4 Mhz) in 21 telecom circles. The company and Unitech Wireless entered into a subscription agreement with Telenor

Mobile Communications AS, Norway and its subsidiary, Telenor Asia Pte Ltd, Singapore (Telenor), a global

telecommunications company wherein Telenor agreed to acquire 67.25% stake in Unitech Wireless. Telenor invested

Rs 12.50 billion and acquired 33.5% stake in Unitech Wireless. During the year, Unitech Wireless entered into an

infrastructure sharing agreement with Wireless-TT Infoservices Ltd (WTTIL), the tower arm of Tata Teleservices Ltd and

Quippo Telecom Infrastructure Ltd (QTIL), under which Unitech Wireless will lease tower infrastructure from WTTIL and

QTIL across India to operate their telecommunications business. In addition, Unitech Wireless also entered into an

agreement for the provision of transmission services with Tata Teleservices Ltd. Unitech Wireless also placed orders for

equipment with Alcatel-Lucent, Huawei and Ericsson and entered into an IT services outsourcing contract with Wipro.

During the year 2009-10, Telenor Asia Pte Ltd. Singapore (Telenor) increased their stake in Unitech Wireless

Companies from initial 33.5% to 67.25% by investing a further sum of Rs 48.85 billion. In December 2009, they

launched telecom services across 8 circles viz. Andhra Pradesh, Bihar, Karnataka, Kerala, Orissa, Tamilnadu (includingChennai), Uttar Pradesh (East) and Uttar Pradesh (West), under the brand name 'Uninor'. During the year 2010-11, the

company launched new projects totaling an area of 10.4 million square feet across different cities in India. Of the total

area launched in 2010-11, 3.9 million sq ft was launched in Gurgaon, 2.2 million sq ft in Noida and Greater Noida, 1.4

million sq ft in Chennai, 1.3 million sq ft in Kolkata and 1.6 million sq ft in other cities.