JSA Advocates & Solicitors advised Baashyaam Group on the acquisition of Haddows Road property, spanning more than 5.00 acres located at Nungambakkam, a prime locality in Chennai. The property was acquired from Standard Chartered Bank’s subsidiary Standard Chartered Global Business Services Private Limited. The overall deal value is estimated at approx. ₹ 1,200 crore, making it one of the largest land deals in Chennai.
The mandate involved an extensive title due diligence exercise, as well as regulatory aspects since the property was historically held by a banking company based in England.
JSA further supported the client in transaction documentation and advisory, and comprehensive support through to closing.
The transaction was led by Partners Varun Sriram, Aravind Raj with support from Senior Associate Priyanka Ponna.
The due diligence team comprised of Partner Aravind Raj, Principal Associate Varsha Srinivasan, Senior Associate Priyanka Ponna and Associate Shreya Subramanian.
Aravind is a seasoned real estate law practitioner. His focus areas involve real-estate acquisitions, infrastructure projects, joint developments, and lease advisory.