Real Estate
key
real_estate
URL
/expertise/real-estate
Reduction of Market Value and rate of Stamp Duty in West Bengal and Delhi
The COVID-19 pandemic has brought about an economic slowdown, including in the real estate sector, and has curtailed the purchasing power of the citizenry.
Amit H Wadhwani
Amit Wadhwani is a Partner in the Real Estate practice group in the Mumbai office.
Arva Merchant
Arva Merchant is a Partner in the Dispute Resolution and Real Estate practices. Her practice focusses on commercial and civil litigation and arbitration. She also advises clients on real estate aspects in transactions and conducts due diligence during acquisition.
Arva works on cases of national import, appearing before the Supreme Court of India. She appears before the Supreme Court, High Court of Madras, arbitration tribunals, National Company Law Appellate Tribunal, National Company Law Tribunal and Real Estate Regulatory Authority.
SC judgement offers clarity on lapse of land acquisition process
It is conventional wisdom that the Indian state enjoys the power of ‘eminent domain’, which refers to the power of the sovereign to acquire private immovable property for public use, provided the public nature of the usage can be demonstrated beyond doubt, by following a procedure established by law and upon payment of just compensation to the owner of such property. Payment of fair compensation to land owners in exchange of expropriation of their land by the state for public use, forms the most significant component of jurisprudence around land acquisition in India.