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Hines Group - Acquisition of development rights

  • 13-Jun-2025

Khaitan & Co advised and represented Hines Group through its group company Powai Lake Residential Private Limited in its acquisition of development rights in respect of land admeasuring approximately 3.4 acres at Chandivali, Powai for developing a mixed used asset.

The transaction involved acquisition of development rights and also release and reconveyance of existing mortgage which was created by the erstwhile developer.

Deal Team

Hines Group

The core team consisted of Aditya Cheriyan (Partner), Oishik Bagchi (Partner), Vivek Sriram (Partner), Varun Narayan (Partner), Ayushi Saumya (Senior Associate), Karthik Sridhar (Senior Associate) and Rexey Soosan Sabu (Associate).

Expertise

Real Estate

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