Luthra and Luthra Law Offices India Advises Government Of United States Of America On Transfer Of Its Property - the ‘American Center’, To The House Of Abhinandan Lodha Group

Luthra and Luthra Law Offices India advised the Government of the United States of America on the transfer of its property - the ‘American Center’, to the House of the Abhinandan Lodha group; one of the premier real estate developers in India.

The Luthra team advised the U. S. Government (represented by the U. S. Consulate at Mumbai) on all aspects entailing the vendor’s due diligence, tax advisory, bidding process for the sale and drafting-cum-negotiations on the bidding memorandum, sale documents and registration process in Mumbai.

“Built in 1968, the American Center in Mumbai long served as a cornerstone of U.S.-India relations.  Over the years, the property housed key institutions including the American Library, the U.S.-India Educational Foundation, the U.S. Foreign Commercial Service, and the press and cultural affairs offices.  For generations, the American Center played a vital role in fostering U.S.-India people-to-people connections and advancing U.S.-India commercial and cultural ties.” stated Consulate Spokesperson, Greg Pardo

This transaction was magnificently led by Partner, Vaibhav Suri  and Managing Associate, Manjul Mantri.

Counsel who advised on other aspects of the transaction included Partner, Sanjeev Sachdeva and Senior Associate, Nikhil Kapoor on the applicability of GST on the transfer and exemption available to the U. S. Government. Partner, Rubal Bansal on the income tax aspects. Partner, Harish Kumar along with Partner, Itee Singhal and Managing Associate, Aman Nijhawan on the Ministry of External Affairs’ approval.

The Lodha team was represented by Jani & Parikh, Advocates and Solicitors and DSK Legal.