Announced Fri, 3 Jul · 22:13 IST
CGRERA imposes Rs 10 lakh penalty on Godrej Properties over Greenvale ads
Regulatory & Legal View source PDF
GODREJPROP · price
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Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹1990.70
prior close
₹2016.00
base price
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AI summary
Godrej Properties received a Rs 10 lakh penalty from CGRERA Raipur for advertising Project Greenvale Estate before obtaining RERA registration. The company says the ads were not issued by it but by third parties misusing the Godrej brand without its consent. The project has since received CGRERA registration on June 25, 2026. The company is evaluating legal remedies and states there is no material financial or operational impact.
Likely market impact
Minor penalty with no material financial impact; company plans to challenge the order through legal remedies.