Lavasa City, India's ambitious ₹25,000 crore private hill station near Mumbai and Pune, transformed from a luxury European-style dream into a cautionary tale of environmental violations, financial collapse, and stalled development.

CREDAI has urged Maharashtra's Environment Minister to expedite environmental clearances for real estate projects and proposed a 1 million tree plantation drive along the Coastal Road and Western Ghats. The dialogue focused on aligning urban development with sustainability goals.

Lavasa, the luxurious and private planned city in the Western Ghats of India, has been sold to Darwin Platform Infrastructure with the clearance of the National Company Law Tribunal (NCLT).