Godrej Properties Limited — Others, 18-10-2024: News Verification

Godrej Properties Limited clarified that the National Consumer Disputes Redressal Commission ordered its subsidiary to refund over Rs 4 crore to homebuyers due to the non-construction of a road related to the 'Godrej Summit' project in Gurgaon. The company stated it will appeal this decision, asserting there is no material impact on its financials or operations. Additionally, they confirmed compliance with all mandatory disclosure requirements under the relevant regulations.