Overview

Vaibhav Suri is a Partner in the Real Estate practice at the Firm with more than ten years of experience. Vaibhav is a transactional lawyer and has rendered advisory and legal assistance in the field of real estate and property laws and associated regulatory works to a host of on-shore and off-shore real estate developers / investors / high net-worth individuals etc.

He is experienced in real estate transactions and projects of acquisition, development, investment structuring, sale, leasing, collaboration and construction contracts on a pan India basis. He has in-depth understanding of multi-state issues pertaining to ownership, leasing, documentation, stamping and registration of documents, permitted usage of the properties, regulatory and approval issues in the multi-state scenario in India. His expertise ensures adequate safeguards in consonance with clients’ business objectives and commercial understanding between the parties.

His clients include companies such as Godrej Properties Limited, Mahindra Lifespace Developers Limited, ATS Infrastructures Limited, Anant Raj Industries Limited, Soma New Towns Private Limited, HDFC Bank Limited, CapitaLand Limited, Blackstone Real Estate Partners etc.

Experience Statement

• Advised Godrej Properties Limited in its joint venture investment in three group housing projects on lands admeasuring 48 acres in Gurgaon, Haryana. The work involved land due diligence encompassing comprehensive evaluation and analysis from the perspective of complex title, zoning, available FSI, protected monuments and forest which could have restrictive implications on construction development all in synergy with the governing State laws.
• Advised SkyPower Services ULC, Canada, one of the largest companies in the renewable energy sector and having presence across India. Advised on structuring the acquisition of ~ 2,000 acres on purchase / lease basis and undertook comprehensive title verification of the lands, advised on local land laws & issues including land ceiling laws, conversion, and prior permissions from revenue authorities.
• Advised the USG towards the sale of the “Washington House” situated at a prime location in Mumbai, Maharashtra for a significant consideration (USD 62 Million approximately) to Lodha Developers Limited.
• Advised Cyber Pearl Information Technology Park Private Limited (a wholly-owned subsidiary of Ascendas India Trust) in acquisition of 100% stake in Ascendas IT SEZ (Chennai) Private Limited (CyberVale) from Ascendas Land International Pte. Ltd.
• Advised Blackstone Real Estate Partners in their real estate transaction worth over USD 250 million involving comprehensive land due diligence of the properties at Gurgaon, Pune, Jalandhar, Ludhiana, Mohali, Hadapsar, Noida and Ghaziabad encompassing issues like title, permissive usage as per the zoning regulations, encumbrances, compliance of local laws and enactments towards the proposed development at the properties.