- Business
- Unitech Limited engages in real estate development and related activities in India, developing residential projects including group housing apartments, plotted colonies, and independent floors; commercial complexes such as IT/ITeS parks, SEZs, malls, hotels, and office spaces; and infrastructure projects encompassing schools, golf courses, amusement parks, highways, roads, powerhouses, and power transmission towers. The company, founded in 1971 and headquartered in Gurugram, Haryana, operates primarily across major Indian cities including Gurugram, Noida, Greater Noida, Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore, Mohali, Ambala, and Bhopal, with subsidiaries such as Unitech Power Transmission Limited, Unitech Chandra Foundation, and Unitech Buildwell Pvt. Ltd. supporting its property management, hospitality, construction, consultancy, rental, and investment businesses. In recent developments, Unitech completed the divestment of its wholly-owned subsidiary Unitech Power Transmission Limited to Auro Infra Private Limited for approximately Rs. 51 crore in March 2025, following Supreme Court approval; issued audited financial results for FY 2024-25 on May 29, 2025, reporting a consolidated net loss of Rs. 309.96 crore; received occupation certificates for over 1,000 flats and EWS units in Gurugram projects including Uniworld Garden-II, The Residences, and The Close in early 2023; and continues under a government-appointed board per Supreme Court directives since 2020 to complete stalled projects amid ongoing resolution framework proceedings and homebuyer refund-to-possession options as of November 2025.