CMS INDUSLAW advises Prestige Group on securing residential project in Sector 109, Gurgaon
Prestige Estates Projects Limited has entered into a joint development agreement with Ashok Solomon, Chintels India and landowning entities, for a residential project in Sector 109, Gurgaon. CMS INDUSLAW advised Prestige Group on the drafting, structuring, negotiation, and execution of the JDA. The transaction involved the complex and strategic acquisition of development rights under the applicable DTCP framework and other local laws. The mandate included comprehensive title due diligence as well as the drafting, structuring and negotiation of the JDA and other ancillary documents to address title and regulatory risks, ring-fence the developer in terms of the rights granted under the JDA,…
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