REAL ESTATE
The specialists in our Real Estate practice have a comprehensive grasp of the demands of one of India’s most heavily regulated sectors.
Unity & Beyond Legals’s real estate lawyers advise some of India’s largest real estate-focused funds and companies on investments, joint ventures, and property acquisition, sale and lease transactions. We are well versed with a range of real estate structures and have extensive experience in handling complex issues in this sector.
The practice comprises a team of specialist lawyers who understand the unique commercial and regulatory issues of the sector and are particularly focussed on transactions in the infrastructure, education, hotel and hospitality sectors. The team has an incisive knowledge of property laws and development contracts.
The Partners regularly advise on conducting detailed title due diligence; structuring the acquisition of property, including stamp duty and registration procedures; and drafting and negotiating agreements relating to property acquisition, development, construction, project management and EPC. They are proficient in drafting and negotiating commercial leases, as also in structuring FDI into real estate projects in India. The team has worked with major international real estate brokers and consultants, and is familiar with their work practices and standard form documentation.
The firm’s Real Estate practice is empanelled by the Maharashtra Chamber of Housing Industry, the only recognised body of real estate developers in Mumbai and the MMR.
Chambers and Partners has rated the Real Estate Practice at Unity & Beyond Legals as: “A substantial practice with a broad geographical footprint, acting for developers, investors and corporates seeking commercial or industrial premises. It is able to provide support on all transactional and regulatory issues, thanks to the wider firm’s full-service capability, and is particularly well-equipped to advise on taxation questions and exit strategies.”
SELECT REPRESENTATIVE EXPERIENCE/CLIENTS
Apollo Global Management:
- on entering into a joint venture with Premsagar Infra Realty Pvt Ltd by investing in Pune Business Spaces Pvt Ltd
- on its joint venture with the Olympia group by way of an investment in Olympia Cyber Space Ltd
- on its arrangement with the Piramal group for debt investments in real estate companies across various States in India (including Maharashtra, Karnataka, Delhi-NCR and Gujarat) that are currently developing or have completed development of real estate projects
- on proposed debt investment in a real estate company developed by the BPTP group in Uttar Pradesh (NOIDA)
- on proposed debt investment in a real estate company housing a prominent mall in the state of Maharashtra, managed by the Lakeshore group
Fosun Group:
- on a joint venture with Ahuja Constructions to create a real estate platform that will develop marquee residential projects in and around Mumbai
- on a proposed joint venture with a Mumbai-based warehousing and logistics business group, and involving detailed title due diligence on the underlying assets forming a part of the group
Asia Pragati:
- on a debt investment in two special purpose vehicles (SPVs) of the Kalpataru Group, developing two projects at prime locations in Mumbai and Thane
- on a bridge finance investment in a SPV of the Satellite Group, for development of a prime property at Worli, Mumbai, in conjunction with Godrej Properties Ltd
- on debt investment in Phoenix Financial District Pvt Ltd, being a SPV of Phoenix Group (one of the renowned developers in southern India), developing and operating a IT Special Economic Zone project at a prime location in Hyderabad, Telangana, spread across ~ 27 acres of land (SEZ Project)
Edelweiss Alternative Asset Advisors:
- on structured financing for a project in Chennai
- on refinancing a portfolio of loans granted by specific Indiabulls finance entities to nine borrower entities for 11 projects across northern and western India
Bain Capital Credit Asia, LLC, on bidding for the real estate projects of IL&FS across India
Piramal Glass, on its sale of the glass business segment including the terms of sale of the lands underlying the glass manufacturing and packaging units, assistance during negotiations and evaluation of the risks from a seller’s perspective
Piramal Enterprises Ltd, on its bid for Dewan Housing Finance Ltd, including detailed due diligence on DHFL and its subsidiaries, and drafting the resolution plan to be submitted to the committee of creditors