Unitech’s Hidden Treasure: Unleashing ₹2 Lakh Crore from India’s Real Estate Goldmine

From Noida to Chennai: Hidden Treasure Behind Unitech’s Comeback

New Delhi: Once caught in legal and financial turmoil, real estate giant Unitech Limited is now on a path to revival. With over 1,000 acres of prime land across major Indian cities, the company is projected to generate revenue exceeding ₹2 lakh crore, unlocking immense value from properties spread across Noida, Greater Noida, Agra, Varanasi, Gurgaon, and Chennai.

The Indian real estate sector is expected to grow from $332.85 billion in 2025 to $985.80 billion by 2030, positioning Unitech’s portfolio at the heart of this growth wave.

Noida’s Goldmine: ₹88,000 Crore Potential in Just One Sector

In Noida sectors 96, 97, and 98, Unitech holds 347 acres of land, where earlier plans proposed around 7,000 apartments, each averaging 5,000 sq. ft. At current market prices (₹25,000/sq. ft.), the estimated revenue from these residential projects alone could touch ₹85,000 crore.

The land use is divided into:

• 52% Residential
• 12% Institutional
• 36% Recreational & Public Utilities

Despite this high potential, the land was valued at just ₹5,641 crore in a recent resolution plan—a mere fraction of its actual worth.

Pan-India Land Holdings: 1,000 Acres Across Key Markets

Unitech’s strength lies in its expansive and diversified land portfolio, which includes:

• 76 acres in Greater Noida (projects like Verve, Habitat)
• 246 acres in Agra (after ADA acquisition)
• 244 acres in Varanasi
• High-value land parcels in Gurgaon and Chennai

For perspective, developers like Godrej Properties are creating ₹7,300 crore worth of projects on just 30 acres. By that metric, Unitech’s 1,000-acre land bank supports a ₹2 lakh crore revenue estimate, making it both realistic and conservative.

Challenges Persist, But Hope Remains

Unitech currently faces dues of nearly ₹11,000 crore to Noida and Greater Noida Authorities, which the company deems excessive and legally disputable. A recalibrated liability estimate of ₹505.80 crore could help restore financial viability and restart stalled projects.

Notably, in July 2024, Noida Authority approved layout plans for Sectors 96, 97, and 98. In January 2025, the Supreme Court granted RERA exemptions, improving homebuyer financing access.

Path to Revival: Transparency, Fair Valuation & Execution

Unitech still holds one of India’s most valuable urban land portfolios. The key to revival lies in:

• Transparent operations
• Fair asset valuation
• Strategic completion of stalled projects

If executed well, Unitech could not only reclaim its market position but also restore trust among millions of homebuyers and investors, catalyzing a broader sectoral revival.