Barclays, K Raheja Corp Seal Rs 3.06 Bn Mumbai Office Lease

Maharashtra to establish Green Integrated Data Centre Parks at an outlay of Rs.1.60 trillion

In a significant move to boost the state’s digital infrastructure, the Maharashtra government has approved the establishment of Green Integrated Data Centre Parks, with an expected investment of Rs.1.60 trillion. Maharashtra will become the first State in India to introduce a special policy for Green Integrated Data Centre Parks, a sector that is attracting multinational corporations. The project is expected to solidify the State’s position as a key player in the data centre industry. The initiative will not only strengthen Maharashtra’s data infrastructure but also generate l..

Homebuyers’association asks the government to curb unfair trade practices in the real estate sector

A homebuyers' body, Forum for Peoples’ Collective Efforts (FPCE) has written to the consumer affairs ministry, demanding that it frame specific guidelines for the real estate sector to curb unfair trade practices and protect consumer interests. The letter noted that in many cases, project completion deadlines are not adhered to and infinitely extended at the cost of the homebuyers. In advertisements, builders promise many amenities which in many cases, homebuyers do not find while taking possession of properties. Citing examples, the association said builders, at the time of givin..

Z-Morh tunnel: First attack on strategic J&K infrastructure project

The Z-Morh tunnel, which is being constructed by private company APCO Infratech and where seven staffers were killed recently in a militant attack, is a strategic project on the Srinagar- Sonamarg highway. This attack marks the first time a major infrastructure project in Jammu and Kashmir has been targeted by militants. The 6.4-km long Z-Morh tunnel is crucial because it would give all-weather connectivity to Sonamarg and eventually Ladakh. The name ‘Z-Morh’ refers to the Z-shaped road section near the construction site. The area where the tunnel is being constructed sits at a..