BackThe Practice
Consistent economic growth and increasing urbanisation has buoyed the Indian real estate industry. The last decade witnessed a remarkable growth in residential and commercial property projects. It also saw the emergence of a complex ecosystem that eventually drove the enactment of Real Estate Regulation Act. The country has also witnessed a large swing towards the development of sophisticated warehousing space.
Execution
Our real estate practice has the specialist skills and experience to deliver a seamless value proposition across most stages of the asset lifecycle. We complement our legal skills and commercial acumen to provide the most appropriate counsel on title due diligence, transactions, joint development projects, construction contracts, lease contracts, financing deals and dispute resolution.
The Khaitan Advantage
This team has worked on some of the largest, most prominent and complex engagements for a broad spectrum of clients such as land owners, developers, construction companies, investors, lenders, corporates, and HNI buyers. The team is able to leverage its experience and knowhow of local regulatory issues and past engagements with various state authorities and regulators to provide commercial and outcome-driven advice.
“The 'flexible', 'responsive', and 'knowledgeable' team at Khaitan & Co draws from its partners' expertise in other practice areas, including tax, white-collar criminal defence and disputes, to provide multi-disciplinary advice to clients.”
Legal 500, 2018Key Contacts
Key Deals
Brookfield Asset Management
Advising in relation to a joint venture with Bharti Enterprises for 4 (four)commercial properties totalling to 3.3 million square feet for a total consideration of INR 5000 crore in Delhi NCR, Gurgaon and Ludhiana.
Advising in relation to acquisition of assets from RMZ group equivalent to 12.5 million square feet across India for an aggregate consideration of USD ~2 Billion.
Advising in relation to acquisition of from 2 floors in Godrej BKC from Jet Airways undergoing an insolvency process for an aggregate consideration of ~INR 480 Crore.
Mirae Asset Credit Opportunities Fund, through its portfolio company Magnify Technologies Private Limited
Advising in relation to acquisition of 36,035 square meters of land along with a warehouse standing thereon, having a carpet area 24,544.18 square meters as pre- leased asset, for a consideration of ~INR 125 Crore.
read more +Digital Edge (Singapore) Holdings Pte. Ltd
Acted as legal counsel to Digital Edge (Singapore) Holdings Pte. Ltd. (joint venture partner in AGP DC Infra Two Private Limited) in relation to acquisition of 47 acres of land situated at Thane and Navi Mumbai for setting up a 300MW hyperscale data centre, for a consideration of ~INR 795 Crore.
read more +Chandler & Price (I) Private Limited
Advising on diligence and acquisition of a bungalow admeasuring approximately 10,000 square feet known as Laburnum House near Kemps Corner, Gamdevi, South Mumbai for a consideration of ~INR 100 Crore.
read more +Ravi Raheja and Neel Raheja, promoters of K Raheja Corp
Advising on title and acquisition of land and bungalow at Juhu from a promoter of a very large industrial house for a consideration of ~INR 265 Crore.
read more +Sureshchandra D Shah and family
Advised the owners (carrying on their business under the name of SDC Exports) on joint development of property admeasuring 28,935 square meters equivalent to ~7.25 Acres, situate at Mira Road, Thane with Sunteck Realty Limited which was a hybrid arrangement i.e., area share and revenue share model. Sunteck Lifespace Private Limited will develop a mixed used real estate project having an area of 1.4 million square feet on the property in multiple phases comprising high-rise luxury housing and a certain portion as retail component. The project is estimated to have a revenue stream of INR 3,000 crore.
read more +Embassy Developers through its subsidiary Birch Real Estate Private Limited
Advising on the joint development of land admeasuring approximately 10,354.5 square meters in Juhu, Mumbai with Eknath Buildco Private Limited (subsidiary of Naman Developers) under a revenue sharing model.
read more +Neosym Industry Limited (C.K Birla Group Company)
Advised on the sale of 7 acres of land in Thane in favour of Narang Realty for a consideration of ~ INR 110 crores.
read more +Insights
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Reduction in Penalty Payable on Deficit Stamp Duty upon Impounding of Registered Instruments in Maharashtra
read more + 19 Aug '24 -
Stamp Duty Amnesty Scheme 2023
read more + 15 Feb '24 -
Analysing Developments Impacting Business – Ministry of Commerce and Industries allows Floor-wise Denotification of Built-up Area in Special Economic Zones
read more + 04 Jan '24 -
Mediation in India - Is it as simple as lets talk it out
read more + 19 Dec '23 -
Mediation in India at a glance (CT-November-2023)
read more + 24 Nov '23 -
Update on IBC in India Real Estate
read more + 19 Oct '23
Awards
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Chambers Asia Pacific Tier I Indian Law Firm 2023
Firm Award
