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Godrej Properties clocks Rs 1,000 crore plot blitz in Panipat debut
PANIPAT: Godrej Properties has stormed into Panipat with a Rs 1,000 crore-plus sales haul at the launch of its first plotted development in the city, underscoring fierce demand in emerging residential markets.
The developer sold more than 600 plots covering about eight lakh square feet at Evora Estate in Sector 40, Panipat, since its debut in December 2025. The project marks Godrej Properties’ most successful plotted development launch by sales value to date.
Spread across 43 acres along NH 44A, Evora Estate is styled on a Mediterranean theme and features a premium clubhouse and lifestyle amenities. It is the company’s first project in Panipat and its fourth plotted township in north India.
The strong uptake reflects Panipat’s rising appeal as a residential micro-market, driven by infrastructure upgrades, improved connectivity via NH-44 and a growing industrial base.
Godrej Properties MD and CEO Gaurav Pandey, said the response reaffirmed demand for “thoughtfully designed neighbourhoods” offering long-term value in fast-evolving cities, adding that the group would continue expanding its footprint across Haryana with a focus on sustainable, high-quality developments.
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Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
