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Epic Research Update : Unitech

Epic Update Unitech
Epic Update Unitech

Unitech has entered into leasing agreement with Aricent and Fidelity to lease about 10 lakh square feet (sq ft) in Gurgaon Infospace Tikri special economic zone (SEZ). This 15-year agreement is likely to fetch about Rs 1,000 crore to Rs 1,100 crore to Unitech. The current leasing rate at the Tikri SEZ is about Rs 60 to Rs 65, and the rentals go up by about 10-15% every 3-5 years. The SEZ is being developed by the Unitech and its group firm Unitech Corporate Parks (UCP), which is listed in London.

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