Law Point > Mumbai, India > Firm Profile
Law Point Offices
301 VAIBHAV CHAMBERS
BANDRA-KURLA COMPLEX, BANDRA (EAST)
MUMBAI 400 051
India
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Law Point > The Legal 500 Rankings
India > Real estate and construction Tier 2
With a focus on luxury residential acquisitions, complex matters related to development rights, leasing, and residential litigation, Law Point’s real estate and construction practice houses an experienced team including advocate and solicitor Joyita Sabharwal, who routinely represents real estate developers, land owners, real estate funds, as well as trusts and high-net-worth individuals in a range of complex acquisition, development and transfer transactions. She also specialises in due diligence and documentation including joint developments, joint venture, and development managements. Trupti Mehta’s areas of expertise range from conveyancing to title investigation and documentations of large residential and commercial complexes, while Shrikant Kherkar leads the firm’s office in Panvel, handling all aspects of agricultural lands, integrated townships, acquisitions, leases and redevelopments.Practice head(s):
Joyita Sabharwal; Shrikant Kherkar
Other key lawyers:
Trupti Mehta; Natasha Shah
Testimonials
‘Law Point has a transparent methodology of interaction with the client. It keeps track of the discussions until the final execution.’
‘Joyita Sabharwal provides prompt and responsible advice and drafts.’
Key clients
The Wadhwa Group
Hubtown Ltd.
Shree Naman Developers Ltd.
HDFC Capital Advisors
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
Rajhans Infracon (I) Pvt. Ltd.
Ariisto Group of Builders
Suraksha Group of Companies
Work highlights
- Advised Mextech Property Developers LLP on its acquisition of development rights to a vacant portion of land by utilising balance development potential of the larger layout having existing commercial building and mitigating future title vesting due to FSI imbalance.
- Advised Jairaj Happy Homes in an ongoing society redevelopment project undertaken by them in Mumbai on trifurcation of the society during the redevelopment process without affecting the grant of development rights and their entitlement under transaction documents with the dissolved parent society.
- Advised Rajhans Group in acquisition of over 50 Acres of land for the development of a premium bungalow scheme.
Law Point > Firm Profile
The firm:Â 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:Â 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.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
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 |
Staff Figures
Number of lawyers : 21 Associates : 5Languages
EnglishOther
Contacts : Joyita Sabharwal Contacts : Dharmesh Shah- Real estate and construction