Emerald Law Offices advised Birla Estates Private Limited in acquiring development rights on a prime land parcel owned by Barmalt India Private Limited in an upscale area of Gurugram.
This transaction involved a land parcel spanning 13.27 acres, with a development potential of approximately 2.4 million square feet, set for development of a premium residential group housing project, which will potentially offer a revenue of Rs. 5000 Crore.
Birla Estates Private Limited, a wholly-owned subsidiary of Century Textiles and Industries Limited, partnered with Emerald Law Offices to render end to end legal support for this acquisition.
Emerald Law Offices team was led by Managing Partner; Sachit Mathur along with Partners; Ajay Bhadu and Astha Singh Trehan.
Barmalt India Private Limited is the largest manufacturer and supplier of malt and malt extracts in India and was represented by DSK Legal in this transaction. Jones Lang LaSalle (JLL India North) acted as the deal advisors.
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