It has been an increasing trend over the past few years for co-operative housing societies in Maharashtra to forego appointing a developer and undertaking 'self- redevelopment' of their old and dilapidated buildings. The main cause for choosing to undertake self-redevelopment, despite its obvious challenges, is that societies want to control the redevelopment process of their own property.
Sudheer Madamaiah is a Partner in the Real Estate group in the Bengaluru office. He specialises in advising clients on all real estate transactions, development contracts, title verification and advisory on RERA. Prior to joining Khaitan & Co, Sudheer practiced as founder partner at Prakruthi Legal, Bengaluru.
Pavithra Thammaiah is a Counsel in the Real Estate Group in the Bengaluru Office. Pavithra focuses on real estate transactions, title verification and advisory on RERA.
On 9 August 2019, a three-judge bench headed by Justice Rohinton F Nariman of the Supreme Court of India (“Supreme Court”) upheld the constitutional validity of the amendment to the Insolvency and Bankruptcy Code, 2016 (“Code”) confirming the status of ‘financial creditors’ given to the allottees of a real estate project. With this ruling, the Supreme Court has opened gates for homebuyers to now approach the NCLT against defaulting developers in addition to seeking remedies before the Consumer Forum and the Real Estate Regulatory Authority.
Sudip Mullick, Partner at Khaitan & Co was interviewed by MBTV Magicbricks for The Property Show with E Jayashree Kurup, Editor-in-chief, MBTV.
"Sudip was interviewed for his opinion on “Not just RERA, all authorities should focus on delivering stuck projects”.
Catch the full interview
On 4 June 2018 the Maharashtra Real Estate Regulatory Authority (MahaRERA) passed an order (Order) in the case of Champatlal Jain, Parvin Dumasia and 6 Others (Complainants) v Suriti Developers Private Limited (MahaRERA Registration Number - P51800003082) (Respondent) and held that though the agreements for sale was cancelled by the Respondent before the Real Estate (Regulation and Development) Act, 2016 (RERA) came into force
P.L. Agarwal is a Partner speacialising in the Corporate and Commercial Law and Real Estate Consultancy in a career spanning over four decades. He has been advising several large industrial houses, multinational corporations and banks, including Tata Global Beverages Limited, Simplex Infrastructures Group, Pricewaterhouse Coopers Private Limited, Linde India Limited, ICICI Bank Limited, ITC Limited, Balrampur Chini Mills Limited, DIC India Limited (formerly Coates of India Limited) and group companies, the Ambuja Group, the R.P.
Ajay Bhargava is a Senior Partner in the Dispute Resolution practice group in the New Delhi and National Capital Region office.
Yigal Gabriel is a Partner in the Real Estate and Construction Contracts & Disputes practice group in the Mumbai office. He specialises in a variety of real estate transactions, construction contracts and disputes / litigations arising out of such transactions and as well as from commercial and construction contracts.
Devendra Deshmukh is a Partner in the Real Estate Practice Group in the Mumbai & Pune office. With over a decade in the profession, Devendra has worked with various clients on a wide range of real estate transactions.
