Upper Chambers has established an extensive Real Estate Practice backed by a team exceptionally experienced and talented lawyers having domain-expertise in the crucial Real Estate sector. The Indian real estate industry is constantly evolving and the regulatory framework is being put in place to make it more accountable and responsive to the needs of the stakeholders and to contribute to the economic growth of the country. Consequently, structuring real estate transactions has become more and more complex and sophisticated by the day and it requires a great understanding of relevant regulations, sector specific government policy framework and in-depth knowledge of the market to respond to complex situations faced by our clients and provide legally and regulatory compliant, innovative, pragmatic and speedy solutions which are cost effective, practical and commercially justifiable, as expected in today’s highly competitive and rapidly changing real estate environment.
Our team leverages its experience and knowledge of local regulatory issues pertaining totitle verification, development requirements, FAR regulations, land ceiling, stamp duty and registrationand past engagements with various authorities to provide practical and result oriented advice.
The Firm renders legal advice to both international and domestic real estate developers, venture capitalists, private equity funds and investors all types of real estate development, including commercial centres, industrial and residential complexes, hotels, resorts, golf courses, Information technology parks, multiplex entertainment centres, etc.
We take pride in the services that we are providing to our clients. Through diligent preparation and a clear understanding of our client’s goals, we will work hard to develop an effective and resourceful solution inasituation
The responsibility of the firm extends beyond legal advice/representation. We take this as a responsibility to keep the client well informed not only on the status of the case but also about the other options/alternatives to be considered for efficiently resolving the case. Being an NRI it is very difficult to travel to India time and again for the purpose of monitoring and supervising the legal matters. The objective and endeavor is to resolve the matter of the Non Resident Client without having of travelling to India again and again.
We pride ourselves in the ability to orchestrate a seamless legal experience. We have pioneered the perfect mix to client satisfaction that works just as flawlessly over vast distances. Our core objective is to continuously formulate, implement and integrate best practices and systems to seamlessly assist the clients.
Our team of high-end professionals includes in-house qualified Chartered Accountants, who are able to structure and handle all tax implications for our clients, They ensure full compliance for our clients to all relevant laws and statutes of the Government of India that are applicable for NRIs. This team of astute professionals also assists our clients with repatriation of funds to their country of residence. Some of the salient features with regards to taxation and repatriation related to buying and selling of property in India are:
Services of Chartered accountants: Consultation, Clearances and appropriate certifications by Chartered Accountant certifying that the amount proposed to be remitted is eligible for remittance and that applicable taxes have been paid / provided for.
Banking Support: Reserve Bank of India has laid out strict rules and guidelines for banks in India for remitting the funds in foreign account. We provide complete co-ordination with the banks for opening of the required accounts, preparing the documents and fulfilling the requirements till the process gets completed.
Calculation of taxes and assistance in paying the same and ancillary work for completion of the procedure.
The real estate market is both tricky and unpredictable. In the light of the unpredictability and vast gamut of options available, it becomes tough for NRIs to put their money in ventures because they are too far away to be able to judge the credibility of projects where investment is possible. Our NRI Legal Services offers key assistance and expertise in buying and selling property to individuals, corporates, real estate developers etc.
We take great pride in the fact that we focus all of our efforts and our resources working for the people who far away from their asset, dealing with the issues related to assets situated in India and need our help the most
We provide end to end solutions to developers and agents under RERA and assist our clients with registration as well as compliance under RERA.
Our team is experienced in advising our clients across the full life cycle of Real Estate transactions, from the initial due diligence, structuring of the transaction, creation of transaction vehicles, funding , acquisition, collaboration/ joint venture/ development, regulatory approvals, project management & implementation and exit strategy. We have proven track record of advising the clients on the acquisition of large parcels of land across the length and breadth of the country. We are known for our skill in drafting transactional documents, sale/ purchase/license/ leasing/joint development/ collaboration agreements and construction contracts.
Through experience we have designed a system focused on client service. We have done so by aligning our structure and processes with one goal in mind i.e. CLIENT SATISFACTION.
