Brief overview on Real Estate

Our real estate lawyers are highly experienced in negotiating all types of real estate contracts relating to rights of use of real estate assets. In particular, our lawyers handle contracts related to the use of retail units in shopping centres and retail parks, residential and commercial letting agreements, land use leases and contracts for the transfer of existing business establishments.

Relevant Real Estate Laws:

• The Transfer of Property Act, 1882
• RERA (Real Estate Regulatory Authority) Act, 2016
• The Registration Act, 1908
• Stamp duty has to be paid as per state requirements
• For Non-Resident Indians (NRIs) FEMA (Foreign Exchange Management Act, 1999) also apply
• Investors have to abide by local laws and bylaws
• Clearance as per environmental laws have to be taken before starting with any project for construction of immovable property
• The specific relief Act, 1963
• Other labour laws including for regulating minimum wages and safety insurance provisions
• Land Acquisition Act, 2013