SAM Legal Advises Shoden Developers on Major Property Acquisition in Andheri, Mumbai
Shardul Amarchand Mangaldas & Co. (SAM) provided comprehensive legal advice to Shoden Developers Private Limited (part of the Hiranandani Group) for the acquisition of a significant property in Andheri, Mumbai. The transaction involved detailed title due diligence and the drafting of all necessary legal documentation.
Property AcquisitionLegal AdviceHiranandani GroupCommercial Real EstateAndheriReal Estate MumbaiOct 30, 2025
As part of this transaction, SAM provided comprehensive legal advice, covering all aspects of the acquisition. This included conducting thorough title due diligence to ensure the property's legal status was in order, as well as drafting, negotiating, and finalizing the transaction documents. The property in question is a land parcel measuring approximately 1 acre, along with a commercial building located in Andheri, Mumbai.
The Hiranandani Group, a prominent name in the Indian real estate market, plans to develop a premium commercial tower on the site. This project is expected to involve an investment of approximately INR 500 crores and will provide a total leasable area of around 400,000 square feet. The development is anticipated to become a landmark in the area, attracting businesses and enhancing the commercial landscape of Andheri.
The SAM transaction team was led by Bhoumick Vaidya, Partner, with significant contributions from Harshini Kotecha, Principal Associate; Yash Bhansali, Associate; and Nishikaa Kanakia, Associate Trainee. Their expertise and dedication ensured that the transaction was completed smoothly and efficiently, adhering to all legal and regulatory requirements.
This acquisition underscores the Hiranandani Group's commitment to investing in high-potential real estate projects in strategic locations. Andheri, known for its rapid urbanization and growing business district, is an ideal choice for such a development. The group's plans to develop a premium commercial tower will not only add value to the property but also contribute to the economic growth of the region.
In conclusion, the successful completion of this transaction, with SAM's expert legal support, marks a significant milestone for Shoden Developers and the Hiranandani Group. It sets the stage for a promising future in the commercial real estate sector, with the potential to create a new benchmark in property development in Mumbai.
Frequently Asked Questions
What is the role of SAM in the property acquisition?
SAM provided comprehensive legal advice to Shoden Developers Private Limited, including conducting title due diligence and drafting, negotiating, and finalizing the transaction documents.
What is the size of the property acquired in Andheri?
The property acquired is a land parcel measuring approximately 1 acre, along with a commercial building.
What are the plans for the acquired property?
The 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?
The SAM transaction team was led by Bhoumick Vaidya, Partner, with contributions from Harshini Kotecha, Principal Associate; Yash Bhansali, Associate; and Nishikaa Kanakia, Associate Trainee.
Why is Andheri a strategic location for this development?
Andheri is known for its rapid urbanization and growing business district, making it an ideal location for a premium commercial tower that will contribute to the economic growth of the region.
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