SAM Advises Shoden Developers on Major Property Acquisition in Andheri, Mumbai
Shardul Amarchand Mangaldas & Co. (SAM) provided comprehensive legal assistance to Shoden Developers Private Limited, a part of the House of Hiranandani Group, for the acquisition of a significant property in Andheri, Mumbai. The transaction involves the development of a premium commercial tower.
AndheriProperty AcquisitionReal EstateShoden DevelopersHouse Of Hiranandani GroupReal Estate NewsOct 30, 2025
As part of this transaction, SAM provided comprehensive legal support, encompassing all aspects of the acquisition. This included conducting thorough title due diligence to ensure the property's legal status was clear and free of any encumbrances. The firm also played a crucial role in drafting, negotiating, and finalizing the transaction documents, ensuring that all legal requirements were met and the interests of Shoden Developers were protected.
The property being acquired is a significant land parcel measuring approximately 1 acre, along with a commercial building situated in Andheri, Mumbai. The House of Hiranandani Group has ambitious plans for this site, intending to develop a premium commercial tower. The project is expected to require an investment of around INR 500 crores and will offer a total leasable area of approximately 400,000 square feet. This development is poised to become a landmark in the Andheri area, contributing to the city's skyline and commercial landscape.
The SAM transaction team was led by Bhoumick Vaidya, Partner, with key contributions from Harshini Kotecha, Principal Associate, Yash Bhansali, Associate, and Nishikaa Kanakia, Associate Trainee. Their expertise and dedication were instrumental in successfully navigating the complexities of the transaction and ensuring a smooth and efficient process.
The House of Hiranandani Group, known for its diversified business interests and significant presence in the real estate sector, is committed to delivering high-quality projects that meet the evolving needs of the market. This acquisition in Andheri is a testament to their strategic vision and commitment to sustainable growth in the real estate industry.
Frequently Asked Questions
What is the role of Shardul Amarchand Mangaldas & Co. (SAM) in this transaction?
SAM acted as the legal advisor to Shoden Developers Private Limited, providing comprehensive legal support including title due diligence, drafting, negotiating, and finalizing the transaction documents.
What is the size of the property being acquired in Andheri, Mumbai?
The property being acquired is a land parcel measuring approximately 1 acre, along with a commercial building in Andheri, Mumbai.
What are the plans for the acquired property in Andheri?
The House of Hiranandani Group plans to develop a premium commercial tower on the site with an investment of approximately INR 500 crores and a total leasable area of around 400,000 square feet.
Who led the SAM transaction team for this acquisition?
The SAM transaction team was led by Bhoumick Vaidya, Partner, with key contributions from Harshini Kotecha, Principal Associate, Yash Bhansali, Associate, and Nishikaa Kanakia, Associate Trainee.
What is the significance of this acquisition for the House of Hiranandani Group?
This acquisition is significant as it aligns with the group's strategic vision to expand its real estate portfolio and enhance its presence in the commercial district of Mumbai, contributing to sustainable growth in the real estate industry.
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