Law Point > Mumbai, India > Firm Profile

Law Point
301 VAIBHAV CHAMBERS
BANDRA-KURLA COMPLEX, BANDRA (EAST)
MUMBAI 400 051
India

India > Real estate and construction Tier 2

Instructed by a roster of construction companies and developers, Law Point‘s team of commercial real estate and tax experts advises on large-scale projects predominantly in and around Mumbai. Co-heads Joyita Sabharwal, Samir Sanghavi and Dharmesh Shah are regularly instructed on residential developments, joint ventures and land acquisitions. The team's strong regulatory knowledge supports the growing litigation practice, particularly in regards to land title investigations and actions under the RERA Act. High-net-worth individuals are also present in its client roster which it handles a mix of contentious and non-contentious matters.

Testimonials

‘Law Point is very strong on the technical front in real estate and expertly guides you through a transaction. More importantly, their knowledge of individual properties and their ability to know the history of the property in chaotic Mumbai, is the most compelling part of why I would use their services. They have the ability to suss out whether one should pursue a particular transaction or drop it immediately due to a dubious history and inadequate documentation. Their focus on a clean title to the property is their most enduring quality.’

‘‘Samir Sanghavi is a seasoned professional who knows history of various buildings and individual properties. Even if he does not recognise a particular property he has the ability to dig and reveal hurdles, if any.’

‘Joyita Sabharwal is very strong technically and also has the ability to push a client away from a dubious transaction.’

Key clients

Atul Ruia (Phoenix Mills Ltd.)

Radius Developers Pvt. Ltd.

The Wadhwa Group

Hubtown Ltd.

Shree Naman Developers Ltd.

HDFC Capital Advisors

Mr. Ajoy Kapoor

Rashtriya Metal Industries Ltd.

National Happy Home Group

Trust Capital Services (I) Pvt. Ltd.

NHP Realty

Vijaygroup Housing Pvt. Ltd.

Lokhandwala Builders

Bell Weather Capital Pvt. Ltd.

Enam Asset Management Company Pvt. Ltd.

Tulsiani Sumer Group of Builders

Sumer Group of Builders

Rajhans Infracon (I) Pvt. Ltd.

Ariisto Group of Builders

Paradigm Realty

Suraksha Group of Companies

Work highlights

  • Advised Jairaj Happy Homes, an entity of Happy Home Group, in its undertaking of a large-scale residential redevelopment project in Ghatkopar (East), Mumbai on land leased by Maharashtra Housing and Area Development Authority to a Co-operative Housing Society comprising of six buildings.
  • Advised Kaybee Infrastructure, an entity of Bawa Group having diversified businesses including Real Estate in Mumbai Metropolitan Region, on its purchase and acquisition of a plot of land along with factory structures situate at Dharavi Slum Area, Mumbai, owned by Johnson & Johnson Private Limited, for the development of real estate Project.
  • Advised NHP Construction on acquiring development rights regarding property situated at Borivali from Saath Developer.

The firm: Law Point is a boutique real estate law firm offering comprehensive legal and financial services covering all facets of real estate ranging from commercial, residential and infrastructural development to joint venture projects and project finance. The guiding philosophy for Law Point has been that legal advisory services or taxation/financial advisory services, individually and stand-alone, cannot provide a comprehensive solution to any real estate project. The firm has therefore developed the expertise to provide a suite of all-encompassing real estate solutions that comprise legal, tax and financial services. The combined talent of the legal professionals and associate chartered accountants, which is still unusual in the current legal scenario in India, ensures that every project benefits from the expertise of a well-balanced team bringing in the requisite expertise in all aspects of the client brief.

Law Point’s niche lies in catering to the pre-, as well as post-closure requirements of a client participating in a real estate project with the objective of providing end-to-end solutions, from due diligence, computation of market value, stamp duty and Goods and Service Tax, transaction structuring, documentation  to tax structuring, thus providing a one-stop solution for the entire project. While offering the entire gamut of services pertaining to real estate, the firm’s distinctiveness lies in its expert advice and solutions in the areas of regulatory guidelines, valuation and allied tax laws, which ensures a tax-efficient proposal and solution to the client, and eliminates the need for the client to seek taxation and financial guidance from an outside agency, pre- and post-conclusion of contract. Moreover, the firm’s proficiency in proactively exploring all options pertaining to a project has enabled it to establish a unique ability to diagnose inherent lacunae and detect potential hurdles and road blocks at the inception of any deal. It is therefore able to design a workable solution addressing the income tax, capital gain tax, FEMA laws, Reserve Bank guidelines, Goods and Service Tax, market valuation  and stamp duty implications. This capability also translates into the successful and speedy conclusion of contracts. The firm, being mid-sized,ensures clients have easy access to its partners and senior team members, an advantage that has helped build long- standing associations with most of its clients.

Areas of practice: Services offered by Law Point include legal, technical, secretarial services, financial due diligence, investment and transaction structuring, advisory services of land use and zoning regulations, debt structuring for real estate venture capital funds, financial structuring, stamp duty and registration procedures and all related documentation for concluding simple as well as complex contracts.

The breadth of transactions includes the setting up of IT parks, industrial parks, special economic zones, integrated special townships and malls, as well as MHADA and society redevelopments, slum rehabilitation developments and project finance where the firm extends its legal, financial advisory and documentation capabilities.

The firm’s strength lies in providing solutions to complicated and intricate deals. The firm has also extensively advised FDI-compliant domestic and foreign funds investing in real estate projects. Some major clients comprise prominent real estate developers, institutional lenders, real estate funds, and corporate and domestic investors.

DepartmentNameEmailTelephone
Conveyancing T Mehta
Conveyancing Joyita Sabharwal
Transaction structuring S Sanghavi
Transaction structuring D Shah
Legal and technical due diligence and post-transaction due diligence T Mehta
Legal and technical due diligence and post-transaction due diligence Joyita Sabharwal
Development : Commercial, residential and retail S More
REIT, commercial leases and licences D Shah
Development: commercial, residential and retail T Mehta
Development: commercial, residential and retail S Karia
Redevelopment: slums and societies M Gada
Redevelopment: slums and societies M H Murlidhar
Development through government agencies: MMRDA, MHADA, CIDCO, society and public charitable trusts Joyita Sabharwal
Development through government agencies: MMRDA, MHADA, CIDCO, society and public charitable trusts M H Murlidhar
Agricultural land and townships M H Murlidhar
Agricultural land and townships S Kerkar
Project finance D Shah
Project finance Natasha Shah
Private equity, investment funds and exits D Shah
Private equity, investment funds and exits Natasha Shah
GST and VAT N Shah
GST and VAT D Shah
Income tax, capital gains and stamp duty S Sanghavi
Income tax, capital gains and stamp duty N Shah
Income tax, capital gains and stamp duty M Kadam
RERA S Sanghavi
RERA S Karia
Project Finance, FDI and FEMA J Meeyajiwala
FDI and FEMA D Shah
FDI and FEMA N Shah
Development & Acquisition - Commercial, Residential & Retail S Redkar
Transfer & Leave & Licences- Commercial, Residential & Retail, Due Diligence S Ghosh
Number of lawyers : 21
Associates : 5
English
Contacts : Joyita Sabharwal
Contacts : Dharmesh Shah