Unitech shelves 2 IT parks

India's second-largest real estate developer Unitech has dropped plans to develop two of its six information technology parks in the face of a slump in demand from the IT industry. At least 38 per......

Unitech to raise $1 bn for hotel, retail projects

Unitech, the country's second-largest property developer, is planning to raise nearly $1 billion (Rs 4,200 crore) in the current financial year from private equity players for its hotel, commercial......

Unitech in talks with PEs to sell Gurgaon IT SEZ

Approaches Morgan Stanley, GIC and Blackstone Real estate developer Unitech Group, through its bankers, had approached global investors like Morgan Stanley, the Singapore government-owned GIC and......

Slowdown, approval delays hit Unitech's IT SEZs

Six infotech special economic zone projects of the Unitech Group, which owns the country's second-biggest real estate company, have been delayed by as much as three years owing to slowing demand......