JSA Advocates & Solicitors (JSA) advised the Jaising family on the redevelopment of their bungalow property located at Khar, Mumbai.
Veena Prakash Jaising and Vinod Bansilal Jaising (the “Jaising family”) entered into an Agreement for Sale with ZYJ Estates LLP for the redevelopment of their bungalow, which is proposed to be demolished and redeveloped into a commercial office complex.
Under the transaction, the Jaising family received monetary consideration along with residential premises in the ZYJ Group’s residential projects, including Aria and Sea View. The Jaising family will also receive commercial premises in the office building proposed to be constructed on the bungalow plot.
Pending completion of construction, the Jaising family has been paid hardship compensation and provided with temporary alternate accommodation. Upon receipt of the entire consideration, the Jaising family will convey the bungalow plot to ZYJ Estates LLP.
The transaction was signed on November 7, 2025.
The transaction was led by Partner Siddharth Mody, with support from Partner Farhana Malik.
Farhana specializes in real estate, commercial, corporate and related legislations. Farhana has considerable experience in advising clients engaged in the real estate and property sector.