Real Estate

With growth of opportunities and investments in the real estate sector in India, the Firm's lawyers have, over the years, advised on increasingly diverse and complex matters in the real estate sector. In the process, the Firm's lawyers have acquired a thorough understanding of various aspects of the legal and commercial practices pertaining to the real estate sector.

The Firm's lawyers have the experience of advising various participants in the real estate sector, including real estate developers, financial institution, fund, lessors, lessees and buyers.

One of the Firm's partners has assisted the Ministry of Housing and Urban Affairs in drafting the Real Estate (Regulation and Development) Bill and has also been nominated as a member of core committee setup by the Ministry of Housing and Urban Affairs for preparation of subordinate legislation under the Real Estate (Regulation & Development) Act, 2016 (RERA).

Our Experience

Advice is provided, amongst others, in the following areas:

  • Foreign direct investment in the construction and development sector
  • Structuring of investments and investment documentation
  • Options for real estate development
  • Due diligence on property
  • Drafting and negotiating conveyance deeds and other documentation
  • Structuring, drafting and negotiating lease deeds and other tenancy arrangements
  • Registration of documents
  • Central and local laws, including applicable stamp laws
  • Construction and engineering contracts and associated guarantees
  • Financing real estate projects, creation of security and drafting and negotiation of associated documentation
  • Compliances, registration and advise under RERA for developers and agents
  • Dispute resolution
Phoenix Legal has been able to handle complex transactions and provide structured solutions with ease.

– Chambers and Partners

Turnaround time of the team, deeper analysis and opinion is valuable.

– Legal500 2022

The firm is able to provide sufficient partner time for each mandate,’ and ’able to find solutions and achieve closure on sticky issues in the structured real estate debt space.

– Indian Law Firm Awards 2019

The practice is further characterised as a "strong, big, well-networked team" which can also be recommended on account of its "good, lean and efficient organisation."

– Chambers and Partners 2018

Sources highly appreciate the team's high standard of work, one stating: "They are crisp in action because they do their homework before we meet them, they are ready to burn the midnight oil and they deliver on time." The practice is further characterised as a "strong, big, well-networked team" which can also be recommended on account of its "good, lean and efficient organisation."

– Chambers and Partners 2018