GODREJPROPBSEGodrej Properties LtdMediumNeutral
Announced Fri, 3 Jul · 22:07 IST

CGRERA imposes Rs 10 lakh penalty for advertising project before RERA registration

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AI summary

On July 3, 2026, Godrej Properties received an order from Chhattisgarh RERA (CGRERA), Raipur, imposing a Rs 10 lakh penalty under the Real Estate Act for allegedly advertising Project Greenvale Estate before obtaining RERA registration. The company says the ads were issued by third parties misusing the Godrej brand without its consent, and it took takedown action once aware. The project was registered with CGRERA on June 25, 2026. The company is evaluating legal remedies and states there is no material financial or operational impact.

Likely market impact

Minor Rs 10 lakh penalty with no material impact on operations or finances. Company plans to contest the order in court.