[10] As of 2023, a resolution plan has been approved by the National Company Law Tribunal, with Darwin Platform Infrastructure Ltd being declared as the successful bidder responsible for the city's construction.
[11] Billed as India's first hill station since independence,[12] the plans for this private grand township were unveiled by Ajit Gulabchand in 2006.
Oxford University had at one point associated itself with the project, but other, name-brand plans including future sports facilities have yet to be officially cancelled.
[31] An Indian Ministry of Environment and Forests team investigating Lavasa concluded that the city has caused environmental damage,[1][32] since Lavasa is built "in the scenic hills of the Western Ghats, a UNESCO World Heritage Site known for its evergreen tropical forests that shelter 325 species of vulnerable or endangered animals, birds and fauna.
"[33] Post reviewing the project, this ministry provided clearance on 9 November 2011 to Lavasa with specific conditions, such as a cessation of hill cutting activities, building of a sewage treatment plant, and anti-poverty CSR measures aimed at the local population.
[34] While Lavasa has stone crushing permits, its operations have been described as "hill cutting" and "quarrying" by the Indian Ministry of Environment and Forests, and the environmental impact of these activities was investigated.
[35] In 2014, Mrs. Jayanti Natarajan, in her open letter to Congress president, stated that she had got a specific input from Rahul Gandhi's office to stall the project.
A report by the Maharashtra environment department claims 600 hectares (1,500 acres) of land bought by Lavasa Corporation was purchased from farmers who had been granted it by the Indian State.
[38] However, a 2011 report by the Expert Appraisal Committee of the Union Environment Ministry concluded that there will be no impact on Pune's water supply.
[41] Sharad Pawar, an Indian politician born in the state of Maharashtra, is alleged to have demanded compensation for allowing Lavasa to be constructed.