Real Estate

Real estate is considered as one of the important sectors of the Indian economy that contributes towards a significant portion of India’s GDP, driving the nations development forward. Further fueled by such development, and economic growth, real estate has grown further with a great demand for all nature of property. With this, however, has also grown the number of issues plaguing the sector, ultimately leading to the passing of the Real Estate (Regulation and Development Act), 2016 and the setting up of a formal statutory regime consisting of the state level Real Estate Regulatory Authorities (RERA), which are still in their infancy in bringing about changes in the industry. This new and quickly changing legislative framework calls for comprehensive and dynamic knowledge of the sector and an ability to future-proof transactions. Our team of real estate legal practitioners at Lex Commerci comprises of process-oriented professionals constantly engaged with industry players and authorities, regularly appearing before the Real Estate Regulatory Authority (RERA) & Real Estate Appellate Tribunal.

With a wide presence in multiple Indian cities, the Lex Commerci team is equipped to offer advisory services to the clients on all aspects. As part of our real estate practices, we are regularly engaged in:

• Documentation of real estate transactions, development agreements, collaboration agreements, etc.
• Documentation in relation to property management and maintenance services.
• Advice on regulatory compliance.
• Disputes arising out of Builder-Buyer Agreements.
• Advice on construction-related laws.

Publications

Capital Greens Flat Buyers Association & Others Vs. DLF Universal Limited & Anr. (2020 SCC OnLine NCDRC 3)
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