Luthra and Luthra Law Offices India advised Godrej Properties Limited (“GPL”) in its in acquisition of 15 acres land parcel from Microtek Infratech, for development of a group housing project for a deal value of INR 403 Crore. With this acquisition, besides being commercially lucrative for GPL, has expanded GPL’s presence near the booming Dwarka Expressway and adds to its group housing portfolio in the Gurugram region.
The Transaction was led by Partner, Vaibhav Suri and ably assisted by Managing Associate, Manjul Mantri and Associate, Shivani Panda.
The team advised GPL on comprehensive due diligence of the land parcel entailing review of title documents and land records along with zoning restrictions applicable to the project, assistance on the sale documentation and advisory on transaction structuring and related regulatory compliances.
