Vidhikrit Legal

Construction & Real Estate

The real estate sector is globally recognized and comprises four sub-sectors: housing, retail, hospitality, and commercial. Its growth is fueled by corporate expansion and the demand for office space and accommodation in urban and semi-urban areas. The construction industry ranks third among the major sectors, considering its direct, indirect, and induced effects on the economy.

In India, real estate is the second-highest employment generator, following agriculture. The sector is expected to attract more non-resident Indian (NRI) investments in both the short and long term. For NRIs, Bengaluru is projected to be the most favored property investment destination, followed by Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun.

How can we assist you?

  1. Property acquisition and due diligence: We support legal due diligence, title verification, and documentation for property acquisitions, including land purchases, lease agreements, and property development rights.
  2. Construction contracts and disputes: Our services encompass drafting and negotiating construction contracts, subcontracts, and consultancy agreements, and we provide representation in construction-related disputes, delay claims, and defect litigation.
  3. Real estate regulatory compliance: We offer guidance on compliance with real estate regulatory authorities and laws, including registration requirements, disclosure norms, and Real Estate (Regulation and Development) Act, 2016 (RERA) compliance.
  4. Environmental regulations and clearances: We assist in obtaining necessary environmental clearances and ensuring compliance with environmental laws, including environmental impact assessments and waste management regulations.
  5. Financing and project structuring: Our expertise includes advising on project financing, joint venture agreements, consortium agreements, and legal structuring of real estate projects.
  6. Land use and zoning regulations: We provide guidance on land use and zoning laws, urban planning regulations, and obtaining necessary approvals and permits for development projects.
  7. Intellectual property protection: We help protect intellectual property rights related to real estate projects, such as trademarks for housing projects and architectural designs.
  8. Real estate investment and taxation: Our advisory services cover real estate investment structures, tax planning, stamp duty implications, and goods and services tax (GST) considerations for real estate transactions.
  9. Real estate disputes and arbitration: We represent clients in resolving real estate disputes through negotiation, mediation, arbitration, or litigation, including disputes related to property ownership, tenancy, and contractual obligations.
  10. Real estate leasing and property management: Our assistance extends to drafting and negotiating lease agreements, property management contracts, and resolving disputes between landlords and tenants.

With our VidhiKrit Legal Team’s extensive experience in the real estate sector, you can navigate these complex legal challenges with confidence, ensuring your business’s success and responsible practices.

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