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Supreme Court slaps Rs 105 crore fine on Pune realtor for damaging environment

Supreme Court  slaps Rs 105 crore fine on Pune realtor for damaging environment

Supreme Court slaps Rs 105 crore fine on Pune realtor for damaging environment

The Supreme Court on Friday came down heavily on Pune-based real estate company Goel Ganga Developers for causing environmental damage while building residential towers in violation of law and slapped a fine of Rs 105 crore but refused to order demolition of the buildings as possession of flats had already been given to home-buyers.

 

A bench of justices Madan B Lokur and Deepak Gupta granted the company six months’ time to deposit the money before its registry and said all the assets of the company as well as its directors shall be attached if it failed to comply with its order.

 

The court said the construction done by the company was in violation of environment clearance given to the project and it had also expanded the built-up areas without permission. The company had built 738 flats and115 shops on Sinhagad Road in Pune.

 

The court upheld the National Green Tribunal order which had concluded that the developer had violated law and slapped the fine. It said the company shall not be allowed to build the two buildings in which it was to construct 454 flats and directed it to return the money with interest at the rate of 9% per annum to buyers.