Ever since the liberalization of the Indian economy, the real estate sector has been gradually growing and adapting technologies that improve market access, efficiency, quality, and consumer experience. Despite numerous downfalls in the real estate sector due to unattractive rate of interest, economic slowdown, and demonetization to name a few, the Indian real estate business has managed to take an upturn and is expected to grow multifold in the next decade. Major factors contributing to the development of the real estate sector are favourable demographics, increased purchasing power, the existence of customer-friendly banks and housing finance companies and favourable reforms initiated by the government to attract global investors.
The real estate sector in India is being recognized as a developing sector that is driving the economic growth engine of the country. At present, there are various developments and elevations that are taking place in the real estate sector, basis which Non-Resident Indians and Person of Indian Origin have been permitted to own immovable property in India. Basis the past and future expected transformation India, the real estate sector is being looked at as a unique market to invest for a long term with a high possible rate of return.
Ahlawat and Associates offer an assortment of services in the real estate arena especially in relation to residential, commercial and industrial properties. The firm has created a dedicated team to cater for the requirements of its clients including but not limited to conducting due diligence, advisory on land acquisitions, joint development arrangements, formulation of corporate structure to have and hold immovable properties in India, negotiating to lease and financing terms with respect to various categories of immovable properties including in the case of cooperative housing societies, affordable housing projects, IT logistic parks, residential townships etc. across the states in India.
Our wide and in-depth knowledge in the issues pertaining to the real estate sector has allowed us to understand the requirement of our clients venturing into this dynamic volatile sector and deliver results exceeding their expectations. Our team of lawyers have remained at the cutting-edge of this sector for many years, working on many prominent and sophisticated deals in the market and thus, possess sound knowledge in this nascent segment, ensuring the client with the best professional solutions to the most complex legal concerns.
A&A’s legal professionals can assist real estate developers, investors, and organizations to navigate the legal intricacies of real estate. We are committed to strategically protecting and representing the interest of our clients in any, simple and/or complex, legal issues presented before them while undertaking business arrangements in the real estate sector.
Our team of attorneys are equipped with the advanced knowledge and experience of providing the following services:
- Advisory with respect to sale, purchase, lease or license of properties for various permissible purposes;
- Procurement of pre and post-construction registrations, licenses, approvals and permits for the development of real estate projects including registration of projects under Real Estate (Regulation and Development) Act, 2016;
- Strategize establishment of a viable corporate structure including setup of special purpose vehicle for ease of doing business in India and ensuring hindrance free commencement of business operations; and
- Render advisory with respect to REIT and readily provide assistance in the execution of formulating and structuring a REIT, conversions of existing corporations and partnerships into REITs, while also advising them in matters relating to initial public offerings and ongoing REIT compliance issues required to operate in the Indian market.
We serve clients globally with our headquarters in New Delhi and offices in Gurgaon, Mumbai and Chandigarh.
Theodore Roosevelt, U.S. President once said, “Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth”. In India, real estate has been the most favoured form of the venture over hundreds of …
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