Property & Real Estate

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Hitesh Jain

+91 22 4241 0005

hitesh.jain@parinamlaw.com

Mumbai, India

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Pooja U Tidke

+91 22 42410007

pooja.tidke@parinamlaw.com

Mumbai, India

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Subhash Jadhav

+91 22 42410008

subash.jadhav@parinamlaw.com

Mumbai, India

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Pankaj Jain

+91 20 2553 0711

pankaj.jain@parinamlaw.com

Pune, India

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Anuja Kedia

+91 22 42410110

anuja.kedia@parinamlaw.com

Mumbai, India

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Overview

The firm’s real estate practice includes special emphasis on complex real estate transactions, title due diligence, development / redevelopment matters, transactions for purchase, sale, leasing and licensing of immovable properties, dealing with various government agencies and departments including MCGM, MHADA, MIDC, etc. and advisory relating to the aforesaid. We have consistently been able to provide our clients with strategic advice, hand-holding, and legal services in relation to real-estate projects, as well as represent and advise them in the litigation (civil and criminal), arbitration, and corporate aspects arising out of their real estate portfolios and transactions.

Indicative Experience

Development/ Re-development
  • Advising a leading developer on its redevelopment project in Mahim, Mumbai. We have provided end to end support to the developer in this project. Our role involved undertaking title diligence of the land and existing structure proposed to be redeveloped, negotiating on behalf of the developer with the land owners and the existing tenants, obtaining consents from tenants and preparing necessary documentation such as agreement for redevelopment, permanent alternate accommodation agreement, consent forms, powers of attorney, memorandum of understanding and other ancillary documents.

    Advising a Pune based real estate developer looking to enter the Mumbai market on redevelopment transactions with respect to properties based in Tardeo and Kalbadevi areas of South Mumbai. We have for both transactions dealt with landlord societies. In this behalf, we have prepared the entire set of documentation required for giving effect to the re-development, including but not limited to agreements for temporary alternate accommodation, agreements for permanent alternate accommodation, memoranda of understanding, development agreements, agreements for sale in respect of the free sale component and other ancillary documents.

  • Advising a leading real estate developer, on a retainer basis, in respect of their legal requirements for their real estate portfolio, including but not limited to preparing of detailed documentation, construction-related contracts, advisory arising out of disputes with societies, individual flat purchasers, co-developers and government authorities.
  • Advising a society and its members in respect of the sale of the society’s land and the flats of the members to a renowned developer. For this purpose, we have assisted our client in preparation of the tender document for inviting bids for purchase of the society’s land and have assisted the society as well as its members in facilitating such sale.
  • Advising a boutique developer group on their redevelopment projects in Vile Parle and Andheri. In this behalf, we have assisted the client in dealing with the tenant societies, responding to tender documents, draft, finalizing, execution and registration of development agreement and power of attorney with the relevant society, execution of alternate accommodation agreements with the society members.
  • Advising a leading developer on registration of their project in central Mumbai with MAHARERA. We have assisted the client in preparing draft formats of the allotment letter and agreements for sale after taking into account the provisions of the Real Estate (Regulation and Development) Act, 2016 and assisted them with ancillary documents required for registration of the project with the RERA authorities.
  • Advising a Mumbai based developer on RERA compliance with respect to their on-going projects in Navi Mumbai. We routinely advice the client on issues with prospective purchases, interest payment on delayed payments from such purchasers, registration of prospective agreements for sale, allotment letters and other ancillary documentation.

Work Highlights

Parinam undertakes conversion of land at Nariman Point, Mumbai

Parinam proviides advisory and helps Companies in drafting employment policies and HR handbooks in accordance with employment laws

Parinam proviides advisory and helps Companies in drafting employment, consultancy and various services agreements ensuring compliance with employment laws

Parinam advises leading diagnostic group for making stargeic investments pre-IPO preparations

Parinam advises non-promoter shareholders of Emcure Pharmaceuticals in their offer for sale at the IPO

Parinam advises Blackstone in obtaining RBI approval for execution of SIAC order in India
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Articles, Updates & Publications

MCA’s 2025 Amendments: Digital Compliance And Mandatory POSH Disclosures To Come In Force

BMC Circular For Online Process By The Estate Department – Parinam Law Associates

Amendment to the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016 – Parinam Law Associates

Alert – Payment of Royalties – Parinam Law Associates

RBI Circular – Dealing in Financial Products by Foreign/ GIFT branches of Indian banks – Parinam Law Associates

Supreme Court of India crafts a Two-Pronged Test to untangle overlapping IP rights
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News & Media

$275 million equity infusion for Essar’s GreenLine Mobility – Times of Indiaillion-equity-infusion-for-essars-greenline-mobility/amp_articleshow/120171012.cms

Mint Explainer: Why Byju’s creditors have dragged its insolvency professional to court | Company Business News

Rising vigilance from producers to combat digital piracy and merchandise theft | Mint

Centre’s lateral entry policy corrects a historical wrong | The Indian Express

Secular Civil Code will unify, not divide Indians | The Indian Express

Dear Editor, I Disagree: Maharashtra’s ‘Urban Naxal’ law is not aimed at silencing dissent | The Indian Express
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