Business Today

5 steps to here

A quick take on the Lavasa stand-off in five steps.

     Print Edition: Feb 20, 2011

The Lavasa stand-off

1 February 2000 India's first private hill station, Lavasa, registered as Pearly Blue Lake Resorts

2 March 2004 Lavasa granted environmental clearance by the Maharashtra Govt

3 November 2010 The environment ministry bans construction at Lavasa citing violation of environmental norms

4 December 2010 Lavasa defers proposed initial public offering of Rs 2,000 crore by six months.

Jairam Ramesh
Jairam Ramesh
5 January 2011 The ministry declares Lavasa illegal but says the project can continue by paying a hefty penalty.

T.V. Mahalingam

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