Godrej Properties Penalized by CGRERA over Alleged Misuse of Brand in Project Advertisement

Godrej Properties Penalized by CGRERA over Alleged Misuse of Brand in Project Advertisement​

<p>Godrej Properties Limited has received an order from the Chhattisgarh Real Estate Regulatory Authority (CGRERA), Raipur, imposing a penalty following alleged contraventions related to the advertisement of 'Project - Greenvale Estate.'</p>

<p>The company received the certified true copy of the Order dated June 08, 2026, on July 3, 2026. The CGRERA imposed a total penalty of Rs. 10,00,000 (Rupees Ten Lakh only) on Godrej Properties Limited under Section 3(1) read with Section 59 of the Real Estate (Regulation and Development) Act, 2016.</p>

<p>The action stemmed from an alleged contravention related to advertisements for 'Project - Greenvale Estate' being circulated prior to the project receiving RERA registration. The authority noted that these specific advertisements were not issued or authorized by Godrej Properties Limited but were distributed by third parties, allegedly misusing the 'Godrej' brand name.</p>

<p>The company confirmed that it had acted diligently upon learning of such instances by initiating appropriate legal measures and undertaking takedown actions to prevent ongoing misuse of its brand. It is noted that Godrej Properties successfully obtained the registration certificate for the project from CGRERA on June 25, 2026.</p>

<p>Regarding the financial impact, Godrej Properties stated that there is no material effect of the Order on the company's finances or operational activities. The company is currently evaluating appropriate legal remedies concerning the imposed Order in accordance with applicable law.</p>

<p>Key details regarding the regulatory action are as follows:</p>

<table>
<thead>
<tr>
<th>Particulars</th>
<th>Details</th>
</tr>
</thead>
<tbody>
<tr>
<td>Name of Authority</td>
<td>Chhattisgarh Real Estate Regulatory Authority (CGRERA), Raipur</td>
</tr>
<tr>
<td>Nature of Action</td>
<td>Penalty of Rs. 10,00,000</td>
</tr>
<tr>
<td>Date of Order Receipt</td>
<td>July 03, 2026</td>
</tr>
<tr>
<td>Violation Details</td>
<td>Alleged contravention of Section 3(1) of the Real Estate (Regulation and Development) Act, 2016 arising from third-party advertisements of 'Project - Greenvale Estate' prior to registration. The company obtained the registration certificate on June 25, 2026.</td>
</tr>
<tr>
<td>Financial Impact</td>
<td>No material impact on financial or operational activities of the Company.</td>
</tr>
</tbody>
</table>

GODREJPROP Stock Price Movement​

On Friday, Godrej Properties Limited shares edged higher to close at ₹1996.40, settling up after gaining ₹19.30 or 0.98%. The stock recorded a robust session, with total traded volume reported at 1,001,835 shares.