Unitech Ltd., India's second-biggest real estate developer, is planning to raise $200 million (nearly Rs 1,000 crore) within the next three months by selling stake in its affordable housing projects to private equity players.   

Reports suggest that real estate major is presently in advance stage of talks with some domestic and global private equity firms to raise funds for its affordable housing projects being developed under the brand 'Uni Homes'.     

The company intends to raise $200 million in the next quarter and is currently evaluating proposals received from various private equity (PE) firms.     

It should be recalled that last month, Unitech announced its plans to construct 20,000 affordable houses at a cost of Rs 1,700 crore to become India's numero-uno realty company within a year. The company aims to sell 15,000 flats in the current fiscal.     

Ashwani Gujral, one of the well-known technical analysts, is of the view that one can buy Unitech at this level with a stoploss of Rs 65.

The scrip of the company closed on Friday at Rs 82 on BSE. The counter has made 52-week-high and low of Rs 191 and Rs 22 respectively.