DSK Legal advised and assisted KUMARI JETHI T. SIPAHIMALANI CO-OPERATIVE HOUSING SOCIETY LIMITED (“Society”) in respect of redevelopment of its property being land admeasuring 14,600.45 square meters together with 20 (twenty) residential buildings standing thereon situate, lying and being at Mahim, Mumbai by TEN X REALTY WEST LIMITED.
DSK Legal assisted the Society in inter alia (i) advising the Society in following the redevelopment processes in accordance with guidelines issued under the Section 79A of the Maharashtra Co-operative Societies Act, 1960, (ii) attending the Special General Body Meetings held by the Societies to address the queries raised by the general body, (iii) advising on structuring of the transaction, (iii) advising on conversion of portion of the property from Class II occupancy to Class I Occupancy, and (iv), revising, negotiating and finalizing the transaction documents i.e. Development Agreement, Power of Attorney, Permanent Alternate Accommodation Agreement and other ancillary documents.
The team representing DSK Legal comprised of Mr. Viral Rathod (Associate Partner), and Mr. Manav Majmudar (Associate).
Mr. Sajit Suvarna (Deputy Managing Partner) was the lead engagement partner for the transaction.