Unity Infraprojects Ltd (UIL) has announced that the company has received the Letter of Intent (LoI) from Magarpatta Retail Pvt. Ltd. for Civil Construction works of the proposed building for Magarpatta Retail Mall Project at Magarpatta City, Hadapsar, Pune. Infrastructure and Real Estate developers are having many orders in pipeline. The whole sector has witnessed a re-rating by stock market experts. Some big-cap companies from the sector have recently announced big value contracts.

The Contract is valued at Rs 102.14 crores (exclusive of VAT (WCT) & service tax) and the project is to be completed with 9.5 months from commencement of work, an official release stated.

UIL operates as a construction and engineering company in India. It provides integrated engineering, procurement, and construction services for civil construction and infrastructure projects. The company also provides a range of specialized construction and operational services, including electrical, fire prevention and control, plumbing, and air conditioning, as well as offers design-build services.

Today, the stock closed at Rs. 911 on NSE, up by 4% compared with previous close of Rs. 877. It touched an intraday high and low of Rs. 955 and Rs. 880 respectively. Stocks in real estate sector are looking good for long term investment. Real estate prices have declined in last quarter, but the stock prices for most of the companies have touched their yearly high in last quarter of 2007. DLF, Omaxe and Unitech are good stocks in Real estate sector for long term investment.