Shardul Amarchand Mystries Advises Emaar India on Alibaug Project
Emaar India Limited is set to enter the developing Alibaug market, near Mumbai, with a premium holiday home project spanning 25 acres. Legal advisory firm Shardul Amarchand Mystries has been engaged to oversee the transaction, ensuring a smooth and legall
Emaar IndiaAlibaugShardul Amarchand MystriesReal EstateHoliday HomesReal Estate MaharashtraOct 29, 2024
Shardul Amarchand Mystries, one of India's most reputed law firms, has a long-standing reputation for handling complex real estate and corporate transactions. The firm has a team of highly skilled lawyers with expertise in various legal domains, including real estate, corporate law, and regulatory compliance. Their involvement in this project underscores the importance and scale of Emaar India's new venture.
Alibaug has been witnessing rapid development in recent years, driven by its proximity to Mumbai and the growing demand for weekend getaways and holiday homes. The town's picturesque beaches, lush greenery, and serene environment have attracted both local and international investors. Emaar India's entry into the market is expected to further boost the region's real estate sector, creating new opportunities for development and investment.
The 25-acre project will feature a mix of residential units, including villas, apartments, and bungalows, designed to cater to a diverse range of buyers. The project will also include amenities such as swimming pools, recreational areas, and communal spaces, ensuring a premium living experience for residents and visitors alike. Emaar India has a track record of delivering high-quality projects, and this new venture in Alibaug is expected to be no different.
According to industry experts, the project is well-timed to capitalize on the growing trend of people seeking second homes in serene and accessible locations. The project is expected to be completed in the next few years, with initial construction phases scheduled to begin shortly. Emaar India's collaboration with Shardul Amarchand Mystries is a testament to the company's commitment to adhering to the highest standards of legal and regulatory compliance.
In addition to the residential units, the project will also feature commercial spaces, including retail outlets and restaurants, to cater to the needs of both residents and tourists. The development is expected to create numerous job opportunities, contributing to the economic growth of Alibaug and the surrounding areas.
Shardul Amarchand Mystries' role in the project includes conducting due diligence, negotiating and drafting agreements, and ensuring that all legal formalities are met. The firm's extensive experience in real estate transactions will be invaluable in navigating the complex legal landscape of the Indian real estate market.
Emaar India's entry into Alibaug is likely to set a new standard for premium holiday homes in the region, and the involvement of Shardul Amarchand Mystries ensures that the project will be executed with the highest level of professionalism and integrity. As the project progresses, it is expected to attract significant interest from buyers and investors, further solidifying Alibaug's position as a sought-after destination for leisure and investment.
Frequently Asked Questions
What is the size of the project in Alibaug by Emaar India?
The project in Alibaug by Emaar India covers a total area of 25 acres.
Who is providing legal advisory services for Emaar India's Alibaug project?
Shardul Amarchand Mystries, a leading law firm in India, is providing legal advisory services for Emaar India's Alibaug project.
What type of units will be included in the project?
The project will include a mix of residential units such as villas, apartments, and bungalows, along with commercial spaces like retail outlets and restaurants.
What amenities will be available in the project?
The project will feature amenities such as swimming pools, recreational areas, and communal spaces to ensure a premium living experience.
When is the project expected to be completed?
The project is expected to be completed in the next few years, with initial construction phases scheduled to begin shortly.
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