The firm's Real Estate practice has a wide client base including banks, real estate agents, hoteliers, institutions and Government authorities. Our expertise allows us to advice them in their roles as investors, developers, occupiers, borrowers, owners, funders or lenders. Our services in title investigation, purchase, sale and development of real estate have been used by a large number of developers of commercial and residential projects.
In a recent development, the Government of India (“GOI”) has pushed through the move to allow foreign direct investment (“FDI”) in multi-brand retail. This will allow global retail giants like WalMart to set up deep-discount stores in India. However, GOI has allowed state governments to decide whether to allow FDI
FoxMandal (FM) is the legal advisor to US based Vornado Realty Trust, one of the largest owners and managers of real estate in USA with respect to its recent 50:50 joint venture worth approximately USD 500 million with Mukesh Ambani led Reliance Industries to set up real estate development projects including malls and shopping centres.