Khaitan & Co advised Godrej Properties Ltd on acquisition of prime 5 acres land parcel located off EM Bypass, Kolkata, with an estimated revenue potential of INR 1650 crores.
The Firm provided end-to-end legal advice, assistance and practical solutions to facilitate closure of the comprehensive real estate due diligence in respect of a prime 5 acres land parcel located off EM Bypass, Kolkata, identifying key issues regarding title, possession and advising the client regarding mitigation measures to ensure seamless acquisition of the said land enabling future avenues for commercial exploitation. This high-value, marquee transaction was completed in a time-bound manner by navigating complex legal issues with the Godrej Legal Team and ensuring compliance with applicable real estate laws to effectively mitigate risks and safeguard the Client’s interest.
The core team consisted of Subhro Chatterjee (Partner), Swarup Sil (Counsel), Susom Chattopadhyay (Senior Associate) and Richaa Mukhopadhyay (Associate).