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DSK Legal advised and assisted KUMARI JETHI T. SIPAHIMALANI CO-OPERATIVE HOUSING SOCIETY LIMITED (“Society”) in respect of redevelopment of its property being land admeasuring 14,600.45 square meters together with 20 (twenty) residential buildings standing thereon situate, lying and being at Mahim, Mumbai by TEN X REALTY WEST LIMITED.
DSK Legal advised the Society on its redevelopment project by guiding it through compliance with the guidelines issued under Section 79A of the Maharashtra Co-operative Societies Act, 1960. The firm advised the Society on structuring the transaction and conversion of part of the property from Class II to Class I Occupancy The firm also assisted the Society in negotiating, and finalizing key transaction documents such as Development Agreement, Power of Attorney, Permanent Alternate Accommodation Agreement, and other ancillary documents.
Mr. Sajit Suvarna (Deputy Managing Partner) was the lead engagement partner for the transaction.
DSK Legal team representing the Society comprised of Mr. Viral Rathod (Associate Partner), and Mr. Manav Majmudar (Associate).