Unitech Ltd, the country’s second largest builder, is mulling over to raise Rs 2,500 crore through sale of some assets and equity to retire part of its Rs 8,000 crore debt by March, 2009.

"We are working on many options to raise funds," Ramesh Chandra, chairman, Unitech said, adding that it could be through sale of some completed projects or offloading equity at project level to private equity funds.

"Debt is about Rs 8,000 crore. I feel that in another 4-5 months, we should be able to bring it to half. Disposal of assets could be anything between Rs 1,200-1,500 crore. Private equity will be another Rs 1,000 crore. And transfer of loans to telecom business will be about Rs 2,000 crore," Chandra said.

Chandra pointed out that the company would have anyways dispose of its completed assets, but probably it would now be doing six months earlier.

Giving details about sale of properties, Chandra said the company would mainly sell completed or nearing completion hotels and office buildings. Chandra also highlighted that the company had always planned to exit from hotel business after developing it.

"Hotels we anyway sell. In office, there are two choices, either you give it on lease or you sell it. So in current scenario, if you can sell it, that is better," Chandra said.

Unitech has forayed into telecom business and recently tied up with Norway-based Telenor to launch mobile services.