Fox & Mandal Advises Apeejay Park Hotels on RERA Compliance for The Park Unizen Project
Fox & Mandal, a leading law firm, has advised Apeejay Surrendra Park Hotels Limited on the Real Estate (Regulation and Development) Act, 2016 (RERA) compliance for the development of ‘The Park Unizen’ project in Kolkata.
The Park Unizen is a premium mixed-use real estate project located along the Eastern Metropolitan Bypass in Kolkata. The project is designed to integrate luxury serviced residences with top-tier hospitality infrastructure within a single integrated complex, offering a unique living and hospitality experience.
The development includes two exclusive serviced residence towers with approximately 70 premium units and a dedicated hotel tower with around 218 rooms. This combination of high-end residential living and world-class hospitality facilities aims to set a new standard in the real estate market of Kolkata.
Fox & Mandal provided comprehensive legal counsel to Apeejay Surrendra Park Hotels Limited throughout the project. The firm’s mandate included reviewing and vetting key project documentation to ensure regulatory compliance, enforceability of project structures, and effective risk mitigation. This end-to-end advisory support was crucial in ensuring that the project adheres to all RERA requirements and other relevant regulations.
The team at Fox & Mandal, led by Debanjan Mandal (Managing Partner), included Sourav Bhagat (Partner), Saptarshi Roy (Principal Associate), Patrali Bhadra (Associate), Rishika Mitra (Associate), and Tanisha Diwakar (Associate). Their expertise and dedication played a significant role in the successful navigation of the regulatory landscape for The Park Unizen project.
RERA, enacted in 2016, is a crucial legislation aimed at protecting the interests of homebuyers and promoting transparency and accountability in the real estate sector. Compliance with RERA is essential for developers to ensure that their projects meet the highest standards of quality and regulatory adherence.
The Park Unizen project is a testament to the collaboration between Apeejay Surrendra Park Hotels Limited and Fox & Mandal, showcasing how legal expertise can facilitate the development of high-quality, compliant real estate projects. This project is expected to be a landmark development in Kolkata, setting new benchmarks for luxury and service in the real estate market.
For Apeejay Surrendra Park Hotels Limited, The Park Unizen represents a significant step in expanding their portfolio and solidifying their reputation in the luxury hospitality and residential market. The project is poised to attract both local and international buyers, thanks to its prime location and the premium facilities it offers.
In conclusion, the successful RERA compliance for The Park Unizen project underscores the importance of legal advisory in the real estate sector. Fox & Mandal’s role in this project highlights the firm’s commitment to providing top-tier legal services and ensuring that their clients meet all regulatory requirements.
