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Real Estate

The tremendous significance of the real estate sector and its impact on other sectors like infrastructure and industry strengthens our position to have this particular practice as one of our core practice areas. The Indian real estate industry is constantly evolving and the regulatory environment demands greater accountability from developers which augurs well for the sector in the long run.

The structuring and financing of real estate transactions is getting more and more complex and sophisticated by the day. Deal structuring in this space requires not only an excellent understanding of the relevant regulations but also an in depth knowledge of the existing market and practices.

The Firm has built a real estate and real estate finance team which has developed significant expertise in this area of practice and offers creative and pragmatic solutions on all matters. Our lawyers are well-versed with our clients’ businesses and the real estate market surrounding them. We have both the technical as well as practical expertise to meet the business requirements of our clients.

We represent several developers, banks & financial institutions and private equity funds in real estate projects and transactions ranging from acquisition of real estate, development, leasing, funding, financing etc. and the regulatory compliances in respect of the same.

We advise developers and landowners on joint development projects, residential condominiums, commercial spaces, integrated townships, special economic zones, industrial parks, re-development projects, slum rehabilitation projects and various other real estate projects. From structuring transactions in light of the central and local regulatory framework, carrying out due diligence on the property, negotiating on behalf of our clients with counter parties to preparing sale kits – our team offers end to end solutions to developers.

Apart from issues under the Real Estate (Regulation and Development) Act, 2016 and the regulations thereunder, our lawyers also have an understanding of local laws of various states with respect to ownership, development controls, leasing, land ceiling, stamp duty and registration.

Select Experiences

  1. Advised HDFC Limited (now merged with HDFC Bank) on its investment in Brookfield, which raised Rs. 950 crores via preferential issue, making it the first Indian REIT to secure institutional investor commitments.
  2. Advising SWAMIH Investment Fund I on a continuous basis regarding investments in real estate projects across Mumbai, Gurugram, Bengaluru, and Rajasthan.
  3. Advised Altico Capital on its investment in a township project of Kumar Urban Development Private Limited in Pune.
  4. Advised HDFC Limited (now merged with HDFC Bank) on its investment in HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3).
  5. Advised KKR on its credit facilities granted to real estate developers, including Omkar Group and Prince Foundation, for residential and commercial projects in Maharashtra and Tamil Nadu.
  6. Advised State Bank of India on issuing credit facilities to Rustomjee Group for the development of a residential project in Mumbai.
  7. Advised on credit facilities extended by SBI, Bank of India, and Allahabad Bank to Lodha Group for the township project ‘Palava City’ in Mumbai
  8. Advised Dawat-E-Hadiyah, owners of Fort House, Mumbai, on leasing over 1 lakh sq. ft. to Tata Digital for its headquarters on a leave and license basis.
  9. Conducted title due diligence and advised Phoenix Mills Limited on acquiring 5.6 acres of mixed-use land in Alipore, Kolkata, for Rs. 400 crores.
  10. Advised the Heritage Xperiential Schools in Gurugram on the real estate aspects of its partnership with Lighthouse Learning Private Limited (KKR Group).
Key Partners
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Key Partners

Arka Majumdar

Partner

Arka’s experience of over a decade in corporate transactions is both rich and...

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Namitha Mathews

Partner

Namitha’s experience and expertise over the last 15 years has been varied and...

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Nidhi Arya

Partner

Nidhi’s primary practice areas are banking & finance, real estate and...

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REAL ESTATE

  1. Advised HDFC Limited (now merged with HDFC Bank) on its investment in Brookfield, which raised Rs. 950 crores via preferential issue, making Brookfield the first Indian REIT to secure institutional investor commitments.
  2. Advised SWAMIH Investment Fund I on its investment of INR 300 crores in the Hubtown Group project ‘Rising City.’
  3. Advised SWAMIH Investment Fund I on an ongoing basis regarding its investments in real estate projects across Mumbai, Gurugram, Bengaluru, and Rajasthan.
  4. Advised Altico Capital on its investment in a township project of Kumar Urban Development Private Limited in Pune.
  5. Advised HDFC Limited on its investment in HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3).
  6. Advised Kotak Investment Advisors Limited on their investment in Strata, a Bengaluru-based real estate investment start-up.
  7. Advised KKR on its grant of credit facilities to real estate developers, including Omkar Group and Prince Foundation, for residential and commercial projects in Maharashtra and Tamil Nadu.
  8. Advised State Bank of India on issuing credit facilities to Rustomjee Group for the development of a residential project in Mumbai.
  9. Advised in credit facilities extended by SBI, Bank of India, and Allahabad Bank to Lodha Group for the township project ‘Palava City’ in Mumbai.
  10. Advised Altico Capital on granting credit facilities to developers like Jatia Group, Manjeera Group, Naiknavare Group, Geopreneur Group, and Guardian Group for projects in Maharashtra and Telangana.
  11. Advised HDFC Limited on various credit facilities provided to real estate developers under the ECLGS Scheme formulated by the Ministry of Finance.
  12. Advised the Heritage Xperiential Schools in Gurugram on the real estate aspects of its partnership with Lighthouse Learning Private Limited (KKR Group).
  13. Advised the subsidiary of Conscient Infrastructure in drafting and negotiating documents for the sale and purchase of land and building in Gurugram from Benetton India.
  14. Advised Tata Power on acquiring land in Noida to set up its back-end services office.
  15. Advised Dawat-E-Hadiyah, owners of the Fort House, Mumbai, on leasing over 1 lakh sq. ft. to Tata Digital for its HQ in Mumbai.
  16. Advised in developing integrated townships in West Bengal by Bengal Aerotropolis Projects Limited and Riverbank Developers Private Limited.
  17. Advised on the acquisition of tea estates by M.K. Shah Exports Limited from Mcleod Russel Limited.
  18. Advised in lease rental discounting facilities extended by SBI to Sheth Developers for the development of the “Viviana” shopping mall in Mumbai.
  19. Advised Madhav Constructions on its joint development arrangement with Puravankara Group in Thane, Maharashtra.
  20. Advised in structuring and documentation for real estate projects promoted by Salarpuria Group, Primarc Group, Shrishti Group, Canopy Group, Luxmi Group, and Hiland Group.
  21. Advised Mitsui & Co. Limited on leasing approx. 39,379 sq. ft. of commercial space for its corporate office in Delhi.
  22. Advised Credit Suisse on leasing a commercial space for its corporate office in Gurugram.
  23. Advised Mentor Graphics on leasing commercial spaces for its offices across India and extensions of leases, including applicable stamp duty and registration fees.
  24. Advised Sumitomo on its rights as a lessee upon transfer of property by the original lessor.
  25. Advised Capita Symonds on the lease deed for a commercial property in Delhi.
  26. Advised Engie Power on acquiring 100 acres of land in Punjab for a solar PV project.
  27. Advised T. Solar on mitigating risks associated with acquiring land for solar power projects.
  28. Advised Mogul Resources on acquiring and using agricultural and non-agricultural land for mineral exploration.
  29. Advised Santos on extending the lease for its Indian branch office.
  30. Conducted title due diligence for Tata Starbucks in Mumbai, Kolkata, Dehradun, Jaipur, Ambala, and Barnala.
  31. Conducted title due diligence for Tata Steel regarding residential properties in Bengaluru.
  32. Conducted title due diligence for HDFC Bank regarding Project Ten BKC, Mumbai.
  33. Conducted title due diligence and advised Mitsui & Co. Limited on mitigating risks in acquiring land for projects in India.
  34. Conducted title due diligence for ABB India Limited, Oakridge Rooftops, and Whitestone Estate Private Limited in Delhi NCR and Haryana.
  35. Conducted title due diligence for Caparo Energy regarding land rights for wind power projects across various states.
  36. Conducted title due diligence for ECL Finance Limited regarding redevelopment projects by Tattva Mittal Group in Mumbai.
  37. Conducted title due diligence for Navi Mumbai SEZ Private Limited (Reliance Group) over 1831.10 hectares of land for an Integrated Industrial Area.
  38. Conducted title due diligence on leasehold lands in Pant Nagar, Ghatkopar (East), Mumbai, for ‘The Views’ by Adani Developers.
  39. Conducted title due diligence and advised Phoenix Mills Limited on acquiring 5.6 acres in Alipore, Kolkata, for Rs. 400 crores.
  40. Conducted title due diligence and advised Mindstone Mall Developers (Phoenix Mills subsidiary) on acquiring 7.48 acres of land in Alipore, Kolkata, for Rs. 300 crores.
  41. Conducted title due diligence for Barings/BPEA regarding property in Hyderabad, Telangana.
  42. Conducted title due diligence for Bengal Shapoorji Developers Private Limited and Ambootia Group.
  43. Conducted title due diligence on land in Chengalpattu District (Chennai) owned by Radial IT Park Private Limited.
  44. Conducted title due diligence in respect of the ‘One BKC’ project by DB Realty and Prestige Group in Mumbai.
  45. Conducted title due diligence and advised on leasing arrangements for multinational companies, including Dell, Samsung, Castrol, TM International Logistics, and ITD Cementation.
  46. Assisted in lease rental registrations for HDFC School’s premises in Bengaluru.