State govt cancels agreement with Unitech

SC relief for Unitech buyers, funding concerns linger

The recent Supreme Court (SC) order providing relief to buyers of Unitech homes has brought a glimmer of hope, but concerns about funding remain prevalent among the aggrieved buyers. The SC directed the Centre to explore funding options to complete pending projects of Unitech, offering some respite to the distressed home buyers grappling with delayed possessions and incomplete constructions.

While the SC's intervention is seen as a positive step towards resolving the long-standing issue, many buyers remain apprehensive about the feasibility of securing necessary funds. The uncertainty s..

Delhi Court Rejects Default Bail Plea of Unitech's Ex-Promoters in ED Case

A Delhi court has dismissed the default bail plea filed by the former promoters of Unitech Limited in a case pursued by the Enforcement Directorate (ED). This decision underscores the judicial scrutiny surrounding allegations of financial irregularities against the ex-promoters of the real estate company.

The rejection of the default bail plea indicates the court's stance on the gravity of the charges and the need for further investigation into the alleged financial misconduct. The case against the former promoters highlights the regulatory scrutiny faced by entities operating in the re..

Unitech Projects Restart After Supreme Court Approval

After a lengthy delay of 12 years, construction activity has recommenced on two long-stalled residential projects by Unitech Limited. This revival comes in the wake of a crucial nod from the Supreme Court, injecting new hope into homebuyers who have been grappling with uncertainty and financial strain.

The two projects, located in Gurugram and Noida, were initially launched by Unitech, one of India's prominent real estate developers. However, due to a combination of financial mismanagement and regulatory hurdles, construction came to a grinding halt, leaving thousands of buyers in limb..

India Surpasses Australia, Japan, and Singapore in Data centre Capacity

India has surpassed Australia, Japan, and Singapore in data centre capacity, cementing its position as a prominent player in the global digital infrastructure landscape. The country's rapid advancement in data centre infrastructure underscores its growing significance in the digital economy.

The surge in data centre capacity is attributed to several factors, including increasing internet penetration, rising demand for digital services, and government initiatives to promote digitalization. As businesses and consumers alike embrace digital technologies, the need for robust data infrastru..

India's data center industry growth to double by 2026; reach 2,000 MW

India's data centre industry is experiencing explosive growth, driven by the country's rapid digitisation. CareEdge Ratings predicts a data centre capacity surge, doubling to 2,000 MW by 2026. This expansion will attract significant investments, with an estimated Rs 500 billion flowing in over the next three years.

The data centre growth is driving/attracting large scale investments in the expansion of the network connectivity ecosystem which is critical for high volume data transfer at low latency levels. It is imperative that for such large-scale capacity addition, data centre playe..