Maharashtra Industry Minister Uday Samant announced that action will be taken against developers who fail to comply with the RERA Act, ensuring stricter regulation in the real estate sector.
Rera ActReal EstateDevelopersGinger ResearchMaharashtraReal Estate MaharashtraJul 17, 2025
The RERA Act, or the Real Estate (Regulation and Development) Act, is a law in India aimed at protecting home buyers and promoting a more transparent and accountable real estate market.
According to the RERA Act, the RERA Authority has the right to take legal action against developers who fail to comply with the regulations, which may include fines, suspension of projects, or even cancellation of their registration.
The government is considering establishing a ginger research centre due to the increasing production of ginger in Maharashtra. This move aims to support and enhance the ginger cultivation sector in the state.
The proposal to establish a Ginger Research Centre at Galleborgaon, Mauje, has been approved, but it remains pending due to financial concerns. The government is considering modernising and expanding existing research centres instead.
Apart from ginger, research is also being conducted on turmeric and other crops at various research centres in Maharashtra, including the Agricultural Research Centre under Rahuri Agricultural University.
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IITL has announced the launch of a ₹500 crore Alternative Investment Fund (AIF) focused on real estate, along with a new housing finance subsidiary. This strategic move aims to bolster the company's presence in the rapidly growing real estate market.
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In a landmark real estate transaction, Gramercy Info Park Private Limited, a subsidiary of Panchshil Realty, has acquired a substantial industrial land parcel in Navi Mumbai for ₹615 crore. This acquisition is set to boost the region's industrial and infr
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