Khaitan & Co Advised Sare Gurugram Private Limited On Joint Development Agreement With Prestige Estates Projects

Khaitan & Co advised Sare Gurugram Private Limited on Joint Development Agreement with Prestige Estates Projects

The leading Indian law firm, Khaitan & Co advised Sare Gurugram Private Limited (SGPL), acquired by a consortium led by KGK Realty (India) Limited through EKA Life Limited and Dhoot Infrastructure Projects Limited via an approved resolution plan under the Insolvency and Bankruptcy Code (IBC), on a joint development agreement with Prestige Estates Projects Limited.

The JDA covers a 17.212-acre land parcel in Sector 92, Gurugram, for a development with approximately 3 million sq. ft. of saleable area and an estimated Gross Development Value (GDV) of ₹4,200 crore.

The Khaitan & Co team advising on the transaction included Mohit Kishore (Partner, Insolvency & Restructuring, Banking & Finance) and Shikha Mohini (Senior Associate) leading the transaction, Nilesh Chaudhary (Counsel, Real Estate) on the real estate aspects, and strategic oversight by Dr. Siddharth Srivastava (Partner, Insolvency & Restructuring, Banking & Finance) and Avnish Sharma (Partner, Real Estate).

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