Property and Construction
Our lawyers and consultants have significant experience
working with builders, Property and construction companies and our work in
that respect includes:
- Drafting documents used in the development and construction of
commercial, residential, and industrial projects (contracts, financing
and leasing agreements, employee contracts)
- Representing contractors and other construction industry clients in
disputes arising from the development, construction, and use of a
facility
- Defending architects and engineers from lawsuits that may arise
- Representing contractors in labor-management relations
Representation of Architects and Builders
Lawsuit often name builders and architects as defendants in actions for
construction delays. Our firm has developed a reputation for its
successful defense of professionals in many service industries, including
architects and engineers.
Successful representation of professional design architects and
engineers requires a thorough understanding of applicable legal and
industry principles. Our lawyers and consultants provide thorough
solutions to disputes that can cost the construction company substantial
amounts.
Real Property Law
We advise on a wide range of transactions involving the ownership and
development of land by local and overseas purchasers, including guiding
clients through the regulations governing the acquisition and sale of
property and the remittance of sale proceeds out of India.
Foreign companies require clearance from the RBI before acquiring
property in India except where they wish to lease property for a term of
five years or less.
An important hurdle directly affecting the transfer of property in
India is section 269 of the Income Tax Act, 1961, which gives pre-emptive
right to the Government to purchase, among others, properties exceeding
Rs. 7,500,000 (approx. US $163,576, GBP 92,363) in value from the owner of
the property, in the event that the Government concludes that the property
has been undervalued. To deal with this enactment and to also minimise the
effect of stamp duty payable on most transfers of property, several
innovations and permissible forms of documentation can be adopted. We
specialise in such documentation.
