Supertech Chairman R K Arora said the demand for independent plots has surged after the outbreak of the COVID-19 pandemic.
He said the company estimates "a total revenue of Rs 2,300 crore on sale of developed plots, out of which Rs 1,000 crore will be utilised for liquidating the existing loans, Rs 300 crore to clear the authorities' land dues and Rs 1,000 crore to complete the ongoing housing projects".
Arora said the company is targeting to deliver 7,000 flats in the year 2021.
By offering independent plots, Arora said the "company's bottom-line (profit) will be slightly impacted, but delivery of flats to allottees would be speeded up".
The plotted development would take maximum 12 months to develop including provision of infrastructure, facilities, road, sewer, drainage and power supply.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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