India > Real estate > New Delhi
Index of tables
Real estate: New Delhi
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Other recommended firms
Leading individuals: India
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- Akshay Chudasama J Sagar Associates
- Rajiv Luthra Luthra & Luthra
- Kalpana Merchant AZB & Partners
- J N Mistry Mulla & Mulla & Craigie Blunt &Caroe
- Sunil Seth Seth Dua & Associates
- Shailesh Vaidya Kanga & Co
AZB & Partners is particularly accomplished at handling fund-related and capital markets aspects of real estate work. In this regard, Gautam Saha represented Sun-Apollo on the $23m acquisition of Parsvnath Buildwell.
‘One of the best’, Luthra & Luthra’s team has a ‘solid grasp of the real estate market and how it functions’. It regularly handles the real estate elements of major corporate M&A and projects transactions; Amaresh Singh advised Abbott Laboratories on its $3.72bn acquisition of Piramal’s healthcare business which involved extensive real estate due diligence and statutory approvals. The group acts for a mix of developers, financial institutions, private equity firms and multinational corporates including Aman Resorts, Oman Investment Fund, HDFC Bank, Blackstone Group, CapitaLand and Tishman Speyer.
Amarchand & Mangaldas & Suresh A. Shroff & Co’s sizeable real estate team advises on everything from land acquisition and conveyancing to real estate financing and funds work. Recent highlights include advising India Property Fund’s Rs120 crore buyout of Ramprastha Group’s Skyz housing project. Other more traditional work included advising the Bill and Melinda Gates Foundation on leasing of commercial premises in New Delhi.
J Sagar Associates’ extensive real estate practice has handled a raft of work for Khajrana Ganesh Properties including the leasing of two separate properties in Gurgaon, to Nokia and Li & Fung Private. The team also regularly advises real estate funds on their investments.
At Seth Dua & Associates, the ‘very commercial’ Sunil Seth heads a team that represents numerous leading clients, among which are Emaar MGF, Woodside Developments and Pro-India Investments. The team is advising the Ministry of Housing on the drafting on a new real estate bill to harmonise development processes across India. The practice is praised for its ‘excellent commercial sense’ and is particularly accomplished on the development side; it is advising Woodside Developments on the development of a high-end luxury residential resort in Himachal Pradesh.
Dua Associates has a particular niche advising and structuring both financial and strategic investments in real estate companies in India such as Emaar MGF, Metro Cash & Carry, Eldeco, IL&FS and Banyan Real Estate Company. Neeraj Sharma and Shashivansh Bahadur are recommended.
FoxMandal Little benefits from a pan-India presence and tie-ups with a number of local law firms. It advises domestic and international clients on various matters including due diligence, title searches and handling property transfer documentation.
Kochhar & Co displays ‘excellent client service and responsiveness’, and is ‘very business and results oriented’. Able to ‘navigate the nuances of local cultural differences and business practices’, and benefiting from numerous offices, the firm is particularly accomplished at advising foreign corporates on the real estate elements of businesses in India. Recent highlights include advising Panasonic in acquiring land and setting up a factory. Other clients include PwC, Honeywell International, HSBC and Regus. Team head Alok Tewari is ‘very good on real estate matters and is a client service standout, always responding with sound advice in a very timely manner’.
At Titus & Co, managing partner Diljeet Titus handles real estate work for developers, lessors and end users. Recent work includes advising Knorr-Bremse on its $15m real estate acquisition project for the purposes of expanding its business operations.
Trilegal handles a significant amount of financing work out of its Mumbai office, and represents a sizeable roster of real estate fund clients. Real estate is not a core area of focus for the New Delhi office, but it often contributes projects-related expertise. Sitesh Mukherjee is the principal contact.
Archer & Angel represents owners, operators, developers, project managers and contractors across a broad mix of real estate transactions including the development of healthcare centres and hospitals.
Bhasin & Co has a strong reputation for advising hospitality sector clients on real estate and construction projects.
Although the bulk of DSK Legal’s work is led from Mumbai, the New Delhi office also has significant real estate experience, particularly for advising on traditional real estate matters and foreign direct investment (FDI).
Jafa & Javali regularly acts on FDI instructions and has been advising UK-based Ready2invest on the legal, policy and regulatory framework and approvals pertaining to foreign investment in India. Other clients include Renaissance Furniture, Aakar Developers and Nile Tech.
K. R. Chawla & Co is well regarded in the market for its advice to clients establishing resorts and hotels. Other more traditional work includes development and planning work for domestic and foreign entities.
KSB Partners advises real estate funds on commercial and retail real estate project investments.
The ‘proficient, professional and committed’ team at Kaden Boriss Partners advises domestic and foreign corporates on acquiring land. The team recently handled due diligence and title reports for Bayer BioScience, which is seeking to build a new research and development laboratory. Amiya Ranjan Nayak heads the practice.
LexCounsel has an excellent reputation for advising retail and education sector clients on real estate maters. For example, Seema Jhingan led the team in representing Educomp Infrastructure on several matters including advising it on the leases associated with setting up a school in a township. Other clients include Power Machines, Conversion Management Associates and Omaxe.
O.P. Khaitan & Co. Solicitors and Advocates advised a leading domestic realty and infrastructure company on FDI in township projects. Other clients include Emaar MGF, Agni Properties and RMJM Group.
P H Parekh & Co has particular expertise at real estate work within the hospitality and construction industries.
At Vaish Associates, the ‘very experienced’ Vinay Vaish often handles real estate matters as part of his varied practice.