Godrej Properties Ltd. has confirmed the amicable settlement of disputes with Orris Infrastructure Private Limited concerning the Godrej Air Project in Gurugram. The settlement agreement, dated August 25, 2026, benefits project homebuyers. The company estimates the financial impact of this settlement at approximately INR 70 crore. Implementation of the settlement terms is currently underway.
Godrej Properties Confirms Dispute Settlement
Godrej Properties Ltd. has officially responded to inquiries regarding a news item concerning the settlement of disputes with Orris Infrastructure Private Limited. The company stated that following discussions over a month, disputes related to the Godrej Air Project, Gurugram, have been amicably and conclusively settled via a Settlement Agreement dated August 25, 2026. This agreement also benefits the project’s homebuyers.
Implementation Underway and Financial Impact
The parties are presently engaged in the necessary steps to implement the actions agreed upon in the Settlement Agreement, with this process currently underway. Godrej Properties notes that the Bombay High Court recorded the execution of this agreement on September 03, 2026, and has scheduled a hearing for September 24, 2026, to report compliance.
The company estimates the financial impact of this settlement on its books to be approximately INR 70 crore. Further updates will be provided in public disclosures once the actions under the Settlement Agreement are fully completed.
Disclosure Policy
Godrej Properties maintains that any disclosure before the conclusive fulfillment of the requisite actions would be premature. The company believes that disclosures should be made only upon the complete and accurate fulfillment of all agreed actions. The company reaffirms its ongoing compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and commits to making appropriate disclosures when required.
Source: BSE
