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★★★ Tier I — Growth Practice

Real Estate & Infrastructure

India's real estate market is Rs.33 lakh crore and growing. Every transaction in it — residential, commercial, industrial, or infrastructure — sits at the intersection of property law, tax, RERA compliance, and financing. GP advises across all four simultaneously, from a single integrated team.

RERA · JDA · Title Due Diligence · REIT · InvIT · Infrastructure Financing
NRI Investment · FDI · Stamp Duty · Registration · GST on Real Estate
The Practice

A real estate transaction in India is never only about the property. Title must be proven through decades of records. RERA compliance must be verified before a single rupee is committed. GST on the transaction must be calculated correctly. Stamp duty must be assessed and paid precisely. And the financing must be structured in a way that protects the lender without strangling the developer. GP handles all of this — for every transaction, from first due diligence to registered conveyance.

Indian real estate law is among the most complex property law systems in the world — layered with colonial-era legislation, post-independence land reform acts, state-specific revenue laws, RERA (2016), the Registration Act, the Transfer of Property Act, the Benami Transactions Act, and more recently the PMLA as it applies to real estate intermediaries and transactions. A title that appears clean may carry undisclosed encumbrances, unregistered family settlements, agricultural land conversion defects, or adverse possession claims. A RERA-registered project may have construction violations, approval lapses, or escrow fund deficiencies that the registration does not reveal.

For commercial real estate — office complexes, warehousing, data centres, and industrial parks — the legal framework adds FDI regulations, SEBI REIT regulations, InvIT structuring, and the specific infrastructure financing requirements of lenders ranging from commercial banks to infrastructure debt funds and overseas development finance institutions. GP's real estate practice covers all of this — from the initial land acquisition and development agreement through the financing, construction, lettings, and ultimate exit or REIT monetisation.

For NRI and overseas investors — one of GP's primary client groups — real estate in India requires simultaneous FEMA compliance, RERA verification, and a tax analysis that the investor's overseas adviser cannot provide. GP advises NRI buyers on every dimension of an Indian real estate purchase: the permitted investment categories under FEMA, the repatriation rights on sale, the income tax on rental income, and the capital gains tax and indexation on the eventual exit.

Key Legislation & Frameworks
RERA 2016 Transfer of Property Act Registration Act Benami Act SEBI REIT Regulations FEMA — Schedule V GST on Real Estate
Practice at a Glance
Tier
★★★ Growth Practice — Tier I
Asset Classes
Residential · Commercial · Industrial · Warehousing · Data centres · Infrastructure (roads, ports, energy)
Client Types
Developers · PE/infra funds · NRI buyers · Institutional investors · Lenders · Government entities · REITs/InvITs
Core Services
Title DD · JDA/JV · RERA compliance · Conveyancing · Real estate financing · REIT/InvIT · NRI investment · Disputes
Tax Integrated
GST on real estate · Stamp duty · Capital gains · TDS on property purchase · FEMA repatriation
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What We Do

Our Real Estate & Infrastructure Services

From title due diligence and JDA structuring through RERA compliance, financing, REIT monetisation, and NRI investment — a complete real estate legal capability in one practice.

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Title Due Diligence

Thirty-year title search covering the revenue records, registered documents, court records, and encumbrance certificates that establish whether title is clear, marketable, and unencumbered. Identification of agricultural land conversion defects, missing prior sale deeds, unregistered family settlements, adverse possession risks, and Benami Transactions Act exposure. For large land assemblies, GP coordinates multi-parcel due diligence across multiple revenue jurisdictions simultaneously.

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Joint Development Agreements & JVs

Structuring and drafting of Joint Development Agreements between landowners and developers — revenue-share versus area-share models, development rights assignment, construction timelines and completion obligations, RERA registration of the JDA project, and dispute resolution mechanisms. For PE fund-backed developers, structuring the JV between the fund, the developer entity, and the landowner to align interests, protect the fund's rights against construction risk, and ensure RERA compliance throughout. GST and stamp duty implications of each JDA structure are assessed before the agreement is executed.

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RERA Compliance & Advisory

RERA project registration across all state jurisdictions — Maharashtra MahaRERA, Karnataka KRERA, Delhi DRERA, Tamil Nadu TNRERA. Compliance with the 70% escrow requirement, quarterly progress reports, disclosure obligations, and buyer agreement standardisation under RERA. RERA agent registration for real estate agents. Defence before RERA Authorities and Appellate Tribunals where buyers have filed complaints for delayed possession, deficiency of service, or misrepresentation. RERA compliance audits for ongoing projects.

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REIT & InvIT — Structuring & Transactions

Structuring and legal documentation for Real Estate Investment Trusts and Infrastructure Investment Trusts — contribution of assets to the REIT/InvIT, SPV documentation, SEBI registration and regulatory compliance, trust deed, investment management agreement, and unit holder rights. For acquirers of REIT or InvIT units, legal due diligence on the underlying asset pool. For infrastructure assets — roads, renewable energy, transmission lines, ports — InvIT structuring as a monetisation mechanism and as an acquisition structure for overseas investors.

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NRI & Foreign Investment in Indian Real Estate

FEMA compliance for NRI and OCI purchases of Indian residential and commercial property — permitted categories of investment, repatriation rights on sale, TDS obligations of the buyer, and FEMA reporting requirements. FDI in real estate — the permitted sectors, the minimum capitalisation and lock-in requirements for foreign investors, and the exit routes available. For Australian super funds, Singaporean family offices, and GCC sovereign vehicles investing in Indian real estate — the full legal and compliance framework from one team that understands both the Indian and the overseas regulatory requirements.

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Real Estate Disputes & Litigation

Title disputes before civil courts and High Courts. RERA complaints and appeals. Specific performance suits for breach of sale agreement. Possession and injunction applications. Landlord-tenant disputes under rent control legislation and the Transfer of Property Act. Partition and family property disputes. Recovery of earnest money and advance payments. For developers facing insolvency — real estate IBC proceedings before the NCLT, including homebuyer claims under Section 7 and the Supreme Court's homebuyer protection framework.

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Key Highlights

What every serious real estate buyer, developer, and investor in India needs to verify before the transaction closes.

RERA — what registration means and what it does not
RERA registration confirms that a project has been registered with the Authority. It does not confirm that the developer has the approvals required to build, that the land title is clear, that the escrow account is funded at 70%, or that the project will be completed on time. A buyer who relies on RERA registration as a proxy for due diligence is relying on a document that confirms compliance with the registration process — not with the underlying obligations. GP's pre-purchase due diligence verifies all of these independently — title, approvals, escrow status, and construction progress — before a single rupee is committed.
The JDA that creates a GST liability neither party expected
A Joint Development Agreement between a landowner and a developer is, from a GST perspective, a supply of development services by the developer and a supply of transferable development rights by the landowner. Both supplies attract GST — and the GST on each supply is calculated differently depending on whether the JDA is an area-share or a revenue-share arrangement, and on when the JDA was executed. Many JDAs in operation today were structured before the GST implications were fully assessed, and the parties are now facing GST demands on transactions they believed were exempt. GP's JDA structuring advice incorporates the GST analysis before the agreement is signed.
Benami — the risk that survives the transaction
The Benami Transactions (Prohibition) Act, as amended in 2016, gives the Prohibition Authority the power to attach and confiscate property held in a benami name — where the property was funded by a different person. A buyer who unknowingly purchases property from a seller whose title itself was benami may find that property subject to confiscation proceedings after the purchase. GP's title due diligence includes a specific Benami risk assessment — identifying whether the seller's ownership pattern, funding source, and transaction history creates a material benami risk for the purchaser.
Infrastructure InvIT — the most efficient monetisation structure India has ever produced for infrastructure assets
An Infrastructure Investment Trust allows an infrastructure developer to monetise operational assets — roads, renewable energy projects, transmission lines — through a listed vehicle that distributes cash flows to institutional and retail investors. The InvIT structure provides capital recycling for the developer, yield-oriented investment exposure for institutional investors, and pass-through tax treatment that makes the structure significantly more efficient than a corporate holding structure. GP advises on InvIT structuring, the contribution of assets, the regulatory compliance with SEBI's InvIT Regulations, and the acquisition of InvIT units by overseas investors including Australian super funds and GCC sovereign vehicles.
For NRIs — Buying Property in India From Overseas

An NRI purchasing residential property in India faces a legal process that is unlike any property purchase in Australia, Singapore, or the UAE. The TDS obligation falls on the buyer — 1% if the seller is a resident, 20% (plus surcharge and cess) if the seller is a non-resident. FEMA governs what the NRI can buy and what can be repatriated. RERA registration must be verified. The agreement for sale must protect the buyer's rights against construction risk. And the entire transaction must be completed through a power of attorney if the NRI cannot be present — which creates its own documentation and notarisation requirements. GP manages all of this for NRI buyers from a single point of contact, regardless of whether the property is in Mumbai, Delhi, Bangalore, or Chennai.

For Developers Facing RERA Complaints

A RERA complaint for delayed possession can result in an order directing interest payment to the buyer at the RERA rate from the agreed date of possession — which, for large projects with hundreds of buyers filing simultaneously, can produce a liability that threatens the viability of the project. GP's RERA defence practice is built around the argument that is most persuasive to the RERA Authority: the construction milestone defence, the force majeure claim, and the completion and possession documentation that demonstrates when possession was actually offered and whether the buyer unreasonably refused to take possession. For developers managing multiple concurrent RERA complaints, GP provides coordinated defence across all complaints simultaneously.

Homebuyers in a Stalled Project — Your Rights Under IBC

A homebuyer who has paid for a flat in a stalled real estate project is a financial creditor under the Insolvency and Bankruptcy Code — by virtue of the Supreme Court's decision in Pioneer Urban Land. This means homebuyers can file an insolvency petition against the developer under Section 7 IBC if the developer defaults on its possession obligation. For projects where RERA proceedings have not produced results, IBC is frequently the most effective remedy. GP has filed and managed Section 7 IBC petitions by homebuyer groups — coordinating collective action by multiple buyers, securing resolution professional appointments that protect the asset, and pursuing plans that deliver possession or refund.

The GP Difference

Why GP for Real Estate & Infrastructure

1

Property law + tax + FEMA — one team, one transaction

Most real estate law firms handle the conveyancing. The GST, the stamp duty optimisation, the capital gains analysis, the FEMA compliance, and the RERA regulatory position are referred to separate advisers — creating four separate opinions on a single transaction. GP handles all of this from one team. The conveyancing lawyer, the tax CA, and the FEMA specialist are in the same office, working on the same transaction, with a single consistent position on all regulatory dimensions simultaneously.

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Infrastructure financing — from project to InvIT to overseas investor

Infrastructure in India — roads, renewable energy, ports, transmission — is increasingly financed through a combination of project finance from Indian lenders, InvIT structures listed on Indian exchanges, and overseas investors (Australian super funds, GCC sovereign vehicles, Singapore family offices) accessing the InvIT as a yield instrument. GP advises across the entire capital stack — from the project financing documentation through the InvIT structuring to the FEMA and DTAA compliance for the overseas investor. This end-to-end capability is the reason infrastructure developers and overseas infrastructure investors both come to GP.

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NRI buyers — both sides of the purchase, simultaneously

For the substantial NRI buyer market — Indian professionals in Sydney, Singapore, Dubai, and London who want to buy property in India — GP provides the Indian legal advice and the corridor-specific regulatory advice from one team. The Australian-based NRI does not need to explain Indian real estate to their Australian lawyer. GP's team in India knows both the Indian and Australian dimensions — FEMA compliance, FIRB implications, tax residency impact on the rental income, and repatriation rights — from practitioners who have worked in both jurisdictions.

Representative Matters

The type of work we do.

Complete confidentiality maintained.

India InvIT — Infrastructure Monetisation

Renewable energy developer — Rs.2,200 crore asset pool contributed to InvIT, SEBI registered

Advised a renewable energy developer on the contribution of a Rs.2,200 crore portfolio of operational solar and wind assets to an InvIT structure. GP handled the trust documentation, SPV reorganisation, SEBI InvIT registration, asset contribution agreements, existing lender consent and restructuring of project finance facilities into the InvIT structure, and the private placement to institutional investors including two Singapore-based infrastructure funds and one Australian superannuation fund. The InvIT was registered with SEBI and the initial distribution was made within nine months of the first instruction.

India RERA — Developer Defence

Mumbai developer — 340 RERA complaints, coordinated defence, Rs.28 crore interest liability avoided

Managed coordinated MahaRERA defence for a Mumbai residential developer facing 340 simultaneous complaints from buyers in a stalled project — arising from an 18-month construction delay caused by a subcontractor insolvency and COVID-19 restrictions. GP's defence strategy grouped complaints by possession date, established the force majeure timeline with supporting documentation, and negotiated possession agreements with a significant proportion of complainants before the hearing. The MahaRERA Authority accepted the force majeure argument for the COVID period, reducing the interest liability from Rs.28 crore to Rs.6 crore across all remaining complaints.

AUS → India NRI Property — FEMA + RERA + Tax

Sydney-based NRI — Rs.4.2 crore Mumbai flat purchase, FEMA compliance, power of attorney, title cleared

Advised a Sydney-based NRI on the purchase of a Rs.4.2 crore residential flat in Mumbai — managing the complete transaction remotely. GP conducted the title due diligence (identifying and resolving a prior unregistered family settlement on the seller's title), verified RERA registration and escrow compliance, drafted and arranged the notarisation and apostille of the power of attorney in Australia, calculated the TDS obligation on the seller's capital gains and managed the Form 26QB filing, and handled the registration of the conveyance. The buyer completed the transaction without a single trip to India.

Practice Leadership

Our Real Estate and Infrastructure practice brings together conveyancing lawyers, tax CAs, RERA specialists, and infrastructure finance lawyers — coordinated for every transaction from the single point of contact the client needs.

The practice is led by a senior real estate lawyer with experience across residential, commercial, and infrastructure asset classes — supported by dedicated RERA compliance specialists in each of our four office cities (Mumbai, Delhi, Bangalore, Chennai), a tax CA team for GST, stamp duty, and capital gains analysis, and FEMA specialists for NRI and overseas investor transactions. For infrastructure and InvIT work, the practice coordinates with GP's Banking and Finance practice for the financing documentation and with our International Tax practice for the overseas investor dimension.

For NRI clients, GP provides a single point of contact who manages the entire transaction — from the first call through to the registered title documents — regardless of whether the NRI is in Sydney, Singapore, Dubai, or London.

GP
Real Estate & Infrastructure Team
Lawyers + CA + RERA + FEMA + Infra Finance
Title Due Diligence RERA — All States InvIT / REIT NRI / FEMA GST on RE
Offices: Mumbai (BKC) · Delhi/NCR · Bangalore · Chennai — RERA specialists in each city
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Latest Insights
Client Guide

NRI Property Purchase in India — The Complete Legal & Tax Guide for Overseas Buyers

FEMA permitted categories, RERA verification, TDS obligations, power of attorney requirements, registration, and repatriation rights — everything an NRI needs to know before committing to a purchase in India. Corridor-specific chapters for Australia, Singapore, UAE, and UK.

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Practice Bulletin

GST on Joint Development Agreements — The Liability That Most JDAs Did Not Account For

The GST treatment of JDAs — area-share versus revenue-share, the point of taxation, the value of the deemed supply, and the input tax credit position — explained for developers and landowners who need to reassess existing and proposed JDA structures.

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Real Estate & Infrastructure

Speak to Our Real Estate Team

Whether you are a developer, an NRI buyer, an overseas infrastructure investor, or facing a RERA dispute — our team responds within 24 hours with integrated advice across property law, tax, FEMA, and RERA compliance.

Title due diligence — 30-year search, Benami risk, RERA verification
NRI purchases — fully managed remotely, FEMA + RERA + tax integrated
InvIT and REIT structuring for infrastructure developers and overseas investors
Response within 24 hours — guaranteed
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