

Lodha's maiden Bengaluru project runs into legal hurdle
Subscribe to enjoy similar stories. Bengaluru: Mumbai’s Lodha Developers Ltd's maiden Bengaluru project has run into a legal tussle with a group of residents over the development of high-end residential towers. In June 2022, Lodha entered the Bengaluru market and signed its first joint development agreement, acquiring a 100% equity stake in G Corp Homes Pvt Ltd for a residential project.
On a part of these 20 acres, G Corp had built a project named Icon North with six towers. The Mumbai-based realty firm is developing its new project, Lodha Mirabelle, on the remaining land. In 2023, Icon residents filed a complaint with the Karnataka Real Estate Regulatory Authority, accusing Lodha of changing the approved plan without their consent.
The changes included building seven towers instead of six under the original plan, with some reaching up to 40 storeys. However, in May 2024, RERA ruled in Lodha's favour. The Icon petitioners then approached the Karnataka Real Estate Appellate Tribunal (K-REAT), which, on 18 December, passed an order stating that the developer largely abandoned the originally sanctioned plan and adopted and registered a new one.
It directed to de-register 'Mirabelle' and asked the developer to obtain consent from two-thirds of Icon North home owners who have registered sale deeds and apply for fresh registration. Mint has reviewed a copy of the tribunal's order. “Home buyers did not sign up for a project of this scale; it was supposed to be a premium society.
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