03-Jul-2026 22:08:51
GODREJ PROPERTIES : IMPOSES PENALTY OF RS 10 LAKH
• Chhattisgarh Real Estate Regulatory Authority (CGRERA) imposed a penalty of Rs 10,00,000 on the company. • The penalty arises from alleged contravention of Section 3(1) of the Real Estate (Regulation and Development) Act, 2016. • The contravention is linked to advertisements of "Project - Greenvale Estate" prior to obtaining RERA registration. • The company states the advertisements were circulated by third parties without its knowledge or consent, misusing the "Godrej" brand name. • The company has obtained registration for the project on June 25, 2026, and is evaluating legal remedies against the order. • No material impact on financial, operational or other activities of the company is expected.
Godrej Properties Ltd
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