Godrej Properties received a penalty of Rs 10,00,000 from the Chhattisgarh Real Estate Regulatory Authority (CGRERA), Raipur, for an alleged contravention of the Real Estate (Regulation and Development) Act, 2016. The order, dated June 08, 2026, was received by the company on July 03, 2026. The penalty was imposed under Section 3(1) read with Section 59 of the Act, relating to the advertisement of "Project – Greenvale Estate" prior to obtaining RERA registration.

The company disclosed that the advertisements in question were not issued or authorized by it but were circulated by third parties without its knowledge or consent. It stated that these parties allegedly misused the "Godrej" brand name. Upon becoming aware of the instances, the company initiated legal measures and takedown actions to prevent continued misuse. The company also noted that it obtained the registration certificate for the project from CGRERA on June 25, 2026.

Regulatory Disclosure Details

The disclosure was made to BSE Limited and The National Stock Exchange of India Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific reference cited includes SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The following table summarises the key details of the regulatory action:

Godrej Properties is evaluating appropriate legal remedies against the order in accordance with applicable law. The company confirmed that the penalty does not have a material impact on its financial, operational, or other activities.

Godrej Properties emerged as the highest bidder for a 4.95-acre residential land parcel in Sector 151, Noida, acquiring it for ₹331.75 crore. The company projects the development to generate estimated revenues exceeding ₹2,000 crore, marking a significant expansion in the National Capital Region. The strategic acquisition was finalized through an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA), with the allotment letter expected following due process.

Acquisition Details

The land parcel, measuring 20,050 sq. m., was secured as reflected on the e-tendering portal of HDFC Bank. Godrej Properties intends to develop a residential group housing project featuring premium apartments in diverse configurations. The plot offers connectivity to the Noida-Greater Noida Expressway and proximity to the Noida International Airport at Jewar.

Strategic Expansion

This acquisition aligns with the company's strategy of deepening its presence in key micro-markets across India's leading cities. The surrounding neighbourhood benefits from robust infrastructure, including planned educational institutions and healthcare facilities. Earlier, the company also successfully acquired a 23.2-acre residential land parcel in Greater Noida, with an estimated revenue potential exceeding ₹7,000 crore.

Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are pleased to announce the addition of this new project in Noida to our portfolio. Building on the consistent demand witnessed for our existing developments in the region, we remain confident in the strength of this market. This project will further enhance our development portfolio in the National Capital Region and aligns seamlessly with our strategy of deepening our presence in key micro-markets across India's leading cities."