Real Estate

Real Estate Transactions

NGT orders demolition of Godrej Properties' JV project in B'lore

Economic Times  

The National Green Tribunal has quashed the environmental clearance (EC) granted to a high-rise luxury project by Godrej Properties Limited and Wonder Projects Development Private Limited in Bengaluru and directed its immediate demolition. The green panel also imposed a penalty of Rs 31 crore on the project proponent and said the amount shall be used for demolition of the constructions, restoration of the area to the original position, rejuvenation and reforestation of the Kaikondarahalli lake and its surrounding area. The order came on a petition filed by Bengaluru resident H P Rajanna against the project, Godrej Reflections, being built at Kasavanahalli village in Varthur Hobli in Battleground Urban district.