The country's second largest real estate developer Unitech today said it will invest Rs 4,000 crore in construction of up to 30m sq ft of residential and commercial spaces to be launched by next year.

The company is also planning to hike the prices of its upcoming properties by 10-12% in 2010.

'We are going to launch 25-30 million sq ft of spaces next year, of which 90% will be residential... It will require us to invest about Rs 4,000 crore for developing these properties,' Unitech Managing Director Sanjay Chandra told reporters here.

Times of India