Ranked in 1 Practice Areas
4

Band 4

Real Estate: Mumbai-based

India

2 Years Ranked

About

Provided by Rishiraj Bhatt

Asia-Pacific

Practice Areas

Rishiraj Prasad Bhatt

Partner

Real Estate

Rishiraj has close to two decades of experience in advising and assisting multi-national companies, funds, real estate developers, investors, banks, financial institutions and UHNWIs in some of the most complex and high-value real estate transactions including in relation to acquisition, sale, assignment and leasing of Information Technology Parks, Data Centres, Commercial Buildings, Retail Malls, Hotels, Factories, plots leased out by the Government and statutory authorities (including MMRDA, MIDC and MCGM), non-agricultural and agricultural land parcels and high-end residential properties. He also regularly advises and assists clients in development/ redevelopment transactions and advises on real estate laws including RERA.

Relevant experience:

• Represented Edelweiss group in relation to title due diligence and documentation with respect to a lending transaction for a project located at Malabar Hill, Mumbai;

• Represented a leading real estate Developer in acquiring a large land parcel along with the factory structures for its upcoming residential project in Bhandup, Mumbai, involving regulatory aspects pertaining to ULC permission, Labour Commissioner’s permission, surrender of factory permit and other licences by the vendor;

• Issued Title Reports for several units located in one of the most premium residential projects “Palais Royale” located at Worli, Mumbai;

• Issued a Title Report for a large Hospital project located in Juhu, Mumbai;

• Represented a leading Data Centre operator in acquisition of two land parcels located in MIDC areas, Pune;

• Assisted funds, investors, educational institutes and corporates in title due diligence of land parcels and projects located in different parts of Maharashtra and Gujarat including Pune, Alibaug, Thane, Aurangabad, Wardha, Baroda.

• Represented a textile mill company and a well-known real estate developer in one of the largest textile mill sale transactions in Mumbai, involving a three-stage bid process and several regulatory compliances including obtainment of the permission from the Monitoring Committee, MCGM;

• Represented a large real estate developer in acquisition of development rights of a large land parcel located at Tardeo, South Mumbai, having development potential of more than 5,00,000 sq. feet;

• Represented a listed company in sale of land parcels admeasuring over 150 acres in Thane District involving several regulatory compliances including obtainment of the permissions from the Competent Authority (Urban Land Ceiling), the Labour Commissioner and the Collector;

• Represented a listed company in transfer of a 5 Star Hotel located in Mumbai;

• Represented a well-known real estate developer in assignment of development rights of land parcels admeasuring over 120 acres located in Thane District involving various regulatory issues pertaining to Coastal Regulation Zone, public reservations, layout compliances, etc.;

• Represented corporates in acquisition/ assignment of MIDC leasehold plots,

• Represented a leading shopping mall group in purchase of a large land parcel located in Indore along with the partially constructed shopping mall standing thereon, from a Consortium of Banks under the provisions of the SARFAESI Act;

• Advised and assisted a subsidiary of a listed company in purchase of a large factory land located in Kolkata along with the structures standing thereon, involving various regulatory issues;

• Advised and assisted real estate developers in preparation and finalisation of the formats of Allotment Letters, Agreements for Sale, Declarations and bye-laws for formation of Condominiums for residential and commercial buildings, Deeds of Apartment;

• Represented investors in purchase and leasing of large office spaces in several prominent commercial/ I. T. buildings located in Mumbai including in One BKC, Godrej BKC, The Capital, Parinee Crescenzo, Kalpataru Square, Leela Business Park, Raheja Titanium, Times Square, etc.;

• Represented ultra-high-net-worth individuals in purchase of apartments in several luxurious residential buildings located in Mumbai including in Artesia, Four Seasons Private Residences Mumbai, Indiabulls Blu, One Altamont, The One (Pali Hill), Bishopsgate; Ashford Pallazo, etc.

Professional Memberships

Bar Council of Maharashtra and Goa, India

Education

B.S. L.., LLB., ILS Law College, Pune University, 2005

Awards

Ranked ‘Band 4’ for Real estate

Chambers and Partners

2024

Ranked ‘Notable Practitioner’ for Real estate

AsiaLaw

2023

Ranked ‘GENNEXT LEADING LAWYER’ for Real estate and construction.

Legal Era Rankings

2023

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