Photo of Abhilash Pillai

Partner in the real estate practice at the Delhi office of Cyril Amarchand Mangaldas. Abhilash has experience in advising real estate funds, multi-national companies, lenders, borrowers, retailers, institutional and non-institutional real estate investors, developers and operators in a broad range of business arena.

His practice areas include advising on all aspects of investments into real estate projects, creation of security, sale and purchase of real properties, including commercial leasing, due diligence, structuring, negotiation and documentation of the transaction, drafting and negotiating agreements relating to sale, mortgage, loans, license, construction, services, agency & franchise, litigation and arbitration related to real properties, among many others and advising domestic and international corporate clients on their general legal requirements.

Abhilash has been recognized in 2014 by the Legal 500 Asia Pacific India Guide to Law Firms. He can be reached at abhilash.pillai@cyrilshroff.com

State Real Estate Authorities Powers

 

The Indian Real Estate industry is experiencing a major overhaul on account of the strict implementation of the Real Estate (Regulation and Development), Act, 2016 (RERA), the Prohibition of Benami Property Transactions Act, 2016 (PBPT Act) and the Insolvency and Bankruptcy Code, 2016 (Insolvency Code).

While implementation of RERA is gaining momentum across the country with each passing day, the State Real Estate Authorities (Regulator) established under the RERA have emerged as a powerful tool for ensuring proper and effective implementation of RERA by the states across India. This article aims to provide an overview of the powers and functions of the Regulator and how it is using these powers to protect the interests of property buyers in India. Continue Reading Revolutionary in Nature: How State Real Estate Authorities Enjoy Powers Akin to Civil Courts