Real estate major Unitech today said it plans to launch 12-13 new projects, most of them residential, in the next few months.
"We will be launching 12-13 new projects, predominantly in the residential side, in next 2-3 months across the country," Unitech Managing Director Sanjay Chandra told reporters here.
The total space of these new projects would be 7-8 million square feet, Chandra said.
The company is also focussing on reducing debt. The realty firm has already brought down its debt from Rs 10,000 crore to below Rs 6,000 crore.
"In FY11, we plan to reduce our debt by another Rs 1,000 crore," Chandra said.
Going forward, Unitech focus would be on affordable housing, except in Mumbai where it would concentrate on premium segment due to high land prices, he said.