Our lawyers and consultants have significant experience working with builders, Property and construction companies and our work in that respect includes:
Representation of Architects and Builders
Lawsuit often name builders and architects as defendants in actions for construction delays. Our firm has developed a reputation for its successful defense of professionals in many service industries, including architects and engineers.
Successful representation of professional design architects and engineers requires a thorough understanding of applicable legal and industry principles. Our lawyers and consultants provide thorough solutions to disputes that can cost the construction company substantial amounts.
Real Property Law
We advise on a wide range of transactions involving the ownership and development of land by local and overseas purchasers, including guiding clients through the regulations governing the acquisition and sale of property and the remittance of sale proceeds out of India.
Foreign companies require clearance from the RBI before acquiring property in India except where they wish to lease property for a term of five years or less.
An important hurdle directly affecting the transfer of property in India is section 269 of the Income Tax Act, 1961, which gives pre-emptive right to the Government to purchase, among others, properties exceeding Rs. 7,500,000 (approx. US $163,576, GBP 92,363) in value from the owner of the property, in the event that the Government concludes that the property has been undervalued. To deal with this enactment and to also minimise the effect of stamp duty payable on most transfers of property, several innovations and permissible forms of documentation can be adopted. We specialise in such documentation. .