M. T. Miskita & Co. Advises Runwal Group on ₹726 Crore Land Acquisition in Lower Parel, Mumbai
M. T. Miskita & Co. has successfully advised Runwal Group on the acquisition of a prime 4.2-acre property in Lower Parel, Mumbai, for ₹726 crore. The land will be used for developing a high-end mixed-use real estate complex.
Real EstateLand AcquisitionM T Miskita CoRunwal GroupLower ParelReal EstateJul 14, 2025
The firm provided comprehensive legal advice throughout the acquisition process, including title due diligence, structuring, drafting, and negotiating transaction documentation, as well as ensuring compliance with the Real Estate (Regulation and Development) Act (RERA) and drafting the RERA agreement for sale.
The transaction team at M. T. Miskita & Co. was led by Viren Miskita, Managing Partner, Vidhisha Suaris-Lawrence, Partner, and Seema Mangaonkar, Principal Associate. Their expertise and dedication were crucial in ensuring the smooth and successful completion of this high-value deal.
Runwal Group, a prominent real estate developer in India, plans to develop the acquired land into a high-end mixed-use complex. This project is expected to significantly enhance the urban landscape of Lower Parel and contribute to the economic growth of the area. The development will likely include residential units, commercial spaces, and possibly retail and recreational facilities, catering to the diverse needs of the local community and attracting both residents and businesses.
The acquisition and subsequent development are part of Runwal Group's broader strategy to expand its presence in key urban centers and deliver premium real estate projects. The involvement of M. T. Miskita & Co. in this transaction underscores the firm's reputation for handling complex and high-stakes real estate deals, providing clients with the legal expertise and support needed to navigate regulatory requirements and achieve their business objectives.
Lower Parel, known for its rapid urbanization and the presence of numerous high-profile real estate developments, is an ideal location for this project. The area has seen significant investment in recent years, with a focus on creating modern and sustainable urban spaces that cater to the growing demand for high-quality living and working environments.
M. T. Miskita & Co. has a strong track record of advising clients on real estate transactions, regulatory compliance, and other legal matters. The firm's commitment to delivering exceptional service and its deep understanding of the real estate market in Mumbai and beyond make it a trusted partner for developers and investors alike.
In conclusion, the successful acquisition of the 4.2-acre property in Lower Parel by Runwal Group, with the legal support of M. T. Miskita & Co., marks a significant milestone in the development of Mumbai's real estate sector. The project is poised to set new standards for mixed-use real estate developments and contribute to the city's ongoing transformation.
Frequently Asked Questions
What is the value of the land acquisition by Runwal Group in Lower Parel?
The land acquisition by Runwal Group in Lower Parel, Mumbai, is valued at ₹726 crore.
Which law firm advised Runwal Group on this acquisition?
M. T. Miskita & Co. advised Runwal Group on the land acquisition in Lower Parel.
What will Runwal Group develop on the acquired land?
Runwal Group plans to develop a high-end mixed-use real estate complex on the acquired land in Lower Parel.
Who were the key members of the transaction team at M. T. Miskita & Co.?
The key members of the transaction team at M. T. Miskita & Co. were Viren Miskita (Managing Partner), Vidhisha Suaris-Lawrence (Partner), and Seema Mangaonkar (Principal Associate).
What is the significance of Lower Parel in the context of real estate development?
Lower Parel is a significant area in Mumbai known for its rapid urbanization and the presence of numerous high-profile real estate developments. It is an ideal location for premium mixed-use real estate projects.
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