Kanga, KhaiCo sell 18 acres in Andheri to developer for $178m

Wednesday, 15 September 2010 By Legally India Real estate

Khaitan & Co and Kanga & Co have assisted on the sale of more than 74,000 square metres of industrial real estate in Andheri East, Mumbai from Borosil Glass Works to Neepa Real Estate Private Limited for Rs 830 crore ($178m).

Khaitan & Co partners Pradip Khaitan, Haigreve Khaitan and Sudip Mullick acted for sheet glass and laboratory and kitchen glassware maker Borosil Glass Works.

Kanga & Co partners M L Bhakta and Dhaval Vussonji advised the buyer Neepa Real Estate, which acquired the 18 acre area for development.

“This was one of the high value real estate transactions of Mumbai. The payment of the entire sale consideration was made by the purchaser in a single tranche against execution of the final transaction documents and delivery of property,” noted Khaitan & Co in a press release.

Khaitan & CoKanga & Coreal estate

Comments

Anonymous guest 16 Sept 2010, 15:51
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Before Dexter "Great work Khaitan, it seems to be breaking new grounds"
Anonymous guest 16 Sept 2010, 15:59
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One firm is all over the news these days!
Anonymous guest 16 Sept 2010, 21:59
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True Khaitan is 'all over the news'. But not being in news doesn't mean others are not doing work. A look at ET everyday indicates the number of transactions going on which keep the other law firms busy. Besides there are so many transactions which are not even mentioned in newspapers. Khaitan is getting unnecessary exposure.
Anonymous guest 17 Sept 2010, 19:34
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I guess there are partners in charge for 'being in news'
Anonymous guest 17 Sept 2010, 21:05
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I see lot of anti Khaitan posts whenever there is news relating to it. Is it a bad law firm or do people in India feel that only Amarchand and AZB can be in the thick of things? I think Khaitan is doing reasonably well and more the number of good Indian law firms the better it is for both clients and legal professionals.
Anonymous guest 18 Sept 2010, 21:27
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#7- rajeev tune muh ki baat cheen li yaar..jug jug jiyo mere laal - Dexter ka dher sara pyaar
Anonymous guest 21 Sept 2010, 22:01
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KhaiCo - is this how Khaitan is referred to informally? If not, the sub who shortened the name deserves all credit for such an ungainly abbreviation.
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