Real Estate

Godrej’s Massive Rs 7,000 Crore Kandivali Project In Jeopardy Due To This Reason

The Defence Ministry has raised objections against a residential project by Godrej Properties in Mumbai, demanding a halt to the construction, which boasts an estimated revenue potential of Rs 7,000 crore. According to The Economic Times report, the ministry’s concern stems from the project’s proximity to the Central Ordnance Depot (COD) in Kandivali.

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The Godrej Reserve development spans an 18.6-acre land parcel. According to the company’s FY24 regulatory filing, approximately 1.91 million sq ft has already been launched, with bookings amounting to 1.51 million sq ft valued at Rs 2,693 crore.

The report added that the Defence Ministry has requested the Municipal Corporation of Greater Mumbai (MCGM) to issue a ‘stop-work notice’, arguing that the site lies within 500 metres of the COD Kandivali complex. A Defence Ministry unit highlighted that the Union government’s guidelines from May 2011 prohibit construction within 100 metres of any defence establishment. Moreover, within the 100-500 metre range, construction is restricted to a maximum of four storeys and requires a no-objection certificate (NOC) from the Defence Ministry.

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A spokesperson from Godrej Properties asserted that all their projects begin only after obtaining necessary approvals from relevant authorities. “In this case too, all requisite approvals from concerned authorities and RERA (Real Estate Regulatory Authority) are intact. We have not received communication from any concerned authority citing any non-compliance on our part,” the spokesperson added.

This situation underscores the tensions between urban development and national security requirements. The COD’s reliance on the 2011 guidelines emphasizes the necessity for stringent adherence to regulations around defence establishments to ensure operational security.

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The dispute may potentially impact Godrej Properties’ substantial revenue expectations from the project, as the company navigates the complexities of compliance and regulatory approvals amid defence ministry concerns.

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