India’s real estate sector is regulated by the Real Estate (Regulation and Development) Act, 2016 (RERA), which has enhanced transparency and accountability. RERA mandates project registration and detailed disclosures, safeguarding buyers’ interests and ensuring project fund accountability. Additionally, streamlined Goods and Services Tax (GST) rates and the role of the Insolvency and Bankruptcy Code (IBC) in addressing developer insolvencies contribute to the sector’s structure. Despite these improvements, challenges like delayed RERA adjudications and varied state-level implementations remain.
ELP offers a range of services in the real estate arena. Our diverse portfolio includes residential, commercial, industrial, hotel, tourism, and SEZs spaces, among others. With a strong track record, we have successfully undertaken due diligence, provided advisory services, and skillfully negotiated land acquisitions, joint development arrangements, leasing, and financing for various property types. Our experience also extends to complex projects, such as redevelopments, slum rehabilitation, affordable housing, government leases, mega food parks, logistic parks, solar projects, and integrated townships, spanning across different states in India.
ELP offers a range of services in the real estate arena. Our diverse portfolio includes residential, commercial, industrial, hotel, tourism, and SEZs spaces, among others. With a strong track record, we have successfully undertaken due diligence, provided advisory services, and skillfully negotiated land acquisitions, joint development arrangements, leasing, and financing for various property types. Our experience also extends to complex projects, such as redevelopments, slum rehabilitation, affordable housing, government leases, mega food parks, logistic parks, solar projects, and integrated townships, spanning across different states in India.
ELP’s proficiency extends beyond transactional matters; we also offer comprehensive counsel on issues affecting foreign and domestic investments in the Indian real estate sector. Our team of experts provides insightful guidance on compliance with Real Estate Regulatory Authority (RERA) regulations, catering to developers, investors, and financing institutions across multiple states in India. We pride ourselves on being closely involved with our clients, providing support during the registration of various projects and collaborating with their technical and accounting teams when necessary. Moreover, ELP assists in drafting testamentary documents, family settlements, and business transfer agreements to ensure a smooth process for all stakeholders involved.
In addition to our transactional and advisory services, we have successfully handled contentious litigations involving land acquisitions, nationalization of mill lands, forest reservations, property taxes, enforcement of securities, partition suits, and inheritance disputes.
We specialize in offering expert guidance for comprehensive title searches and due diligence processes across multiple states in India. Our services extend to providing valuable assistance on obtaining statutory permissions and approvals, understanding zoning requirements, and outlining the timelines involved in each step. Additionally, we provide advisory services on structuring and drafting conveyance documents, stamp duty, registration fees, and other acquisition costs to ensure a smooth and transparent transaction.
We assist clients with development contracts for various projects, such as joint development arrangements, redevelopments, slum rehabilitation schemes, industrial parks, logistic parks, and SEZs. Our team also handles drafting documents for unit sales/allotment, including agreement to sell, conveyance documents, lease documents, possession letters, and agreements with contractors, architects, and engineers.
We provide expert assistance in various aspects of RERA compliance for developers and promoters across India. Our services include advising on RERA compliances for project registrations in different states, guiding developers through specific instances related to their projects, and helping banks and financial institutions understand RERA requirements and waterfall mechanisms for ensuring project compliance.
We offer efficient title search services through the offices of Sub-Registrar of Assurances, Revenue Authorities, and others, providing comprehensive title due diligence reports and certificates for properties located across various states in India, suitable for acquisitions, mortgages, and more. Additionally, our expertise extends to conducting due diligence on property-owning entities, ensuring a smooth process for acquisitions or investments involving such entities holding the subject properties.
ELP excels in providing comprehensive transaction advisory services for property acquisitions. Our expertise spans from crafting and advising on the initial stages of the process, such as Memoranda of Understanding/Term Sheets, to meticulously drafting and guiding clients through the intricate documentation of share transfer and investment agreements, ensuring a seamless and well-structured transaction journey.
We offer advice on innovative formats and structures tailored for specific opportunities in infrastructure, spiritual tourism, health & wellness centers, national footprints for star-rated hotels including single brand concessionaire of international brands in the real estate space.
Our team conducts comprehensive title searches and verifies property titles to ensure a smooth and secure transaction process. We excel in drafting meticulous lease documents and leave and license agreements, safeguarding the interests of all parties involved. Additionally, we provide expert guidance on stamp duty and registration matters, facilitating seamless compliance with legal requirements.
Our real estate team collaborates closely with ELP’s tax, corporate, and litigation experts to provide our clients with a seamless and comprehensive experience. Where tax is concerned, we the tax angle, we assist with tax –efficient investment structuring including offering strategic advice on GST related issues.
Additionally, our corporate and funds team assist with fund structuring, formation, deployment, and exit strategies, ensuring our clients receive excellent advice throughout their investment journey.
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READ MOREAdvised a leading global technology company in acquisition of land for setting up data centres across India.
Advised a leading software company in acquisition of land and setting up an IT/ITeS park.
Acted for Chalet Hotels Limited for the lease of land at Terminal 3, Indira Gandhi International Airport, New Delhi for...
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Assisted Uniqlo India on due diligence and its leave and license agreement for setting up its first store in Mumbai.
Assisted a US based food company in acquisition of land for setting up a factory in Himachal Pradesh.
Assisted a real estate division of a large conglomerate for acquisition of various parcels of land across Maharashtra for setting...
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Real Estate
Hospitality | Litigation, Arbitration & Alternate Dispute Resolution | Real Estate
Family Offices & Trusts | Real Estate
Real Estate
Precise and to the point advisory services. Good and up to date knowledge of laws and market practice.
IFLR 1000Negotiations are smooth while these individuals are on call with the counterparties and they make sure that our intent and interests are captured in the documents. Also they are one firm which we have seen are able to cater to our needs across all states in India.
IFLR 1000The team at ELP is well prepared with the contents of the case, makes it a point to thoroughly read and use all the documents and discuss strategy openly with clients.
Legal 500I have found the team at ELP for Real Estate & Construction to be excellent. Some key strengths are that the team is reliable, well prepared and attuned to my needs as a client.
Legal 500Economic Laws Practice has expertise in real estate matters.
Legal500 Asia PacificEconomic Laws Practice provides a diverse range of real estate services, with particular emphasis on the hotel industry. Sujjain Talwar and Suhail Nathani are key figures.
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