Photo of Jinal Mehta

Partner in the Real Estate Practice at the Mumbai office of Cyril Amarchand Mangaldas. Jinal advises on a host of real estate matters including real estate acquisition, development, leasing/licensing and due diligence. She can be reached at


As envisaged in the IT Policy of 2023[1] (2023 IT Policy), Maharashtra Government, in accordance with the powers vested in it under Section 9 of the Maharashtra Stamp Act on February 1, 2024[2], issued the much awaited notification (2024 Notification) on full or partial waiver of stamp duty available to eligible new and expansion diversification units or projects, relating to Information Technology (IT), Information Technology Enable Services (ITES), Animation, Visual Effects, Gaming and Comics (AVGC) units, Data centres and Emerging Technology Units, (collectively IT/ITES Unit). The 2024 Notification is valid from June 27, 2023, to June 26, 2028, (both days inclusive) or for the currency of the 2013 IT Policy.Continue Reading Stamp Duty Exemption Under IT/ ITES Policy, 2023


Maharashtra was one of the first states in India to devise an Information Technology and Information Technology Enabled Services Policy in 1998. Thereafter, the policy was amended in 2003, 2009 and 2015. The Information Technology and Information Technology Enabled Services Policy of Maharashtra State-2023 (“2023 Policy”) was introduced by the Government of Maharashtra vide its resolution dated June 27, 2023[1] and it superseded Maharashtra’s IT and ITES Policy of 2015 (“2015 Policy”). The 2023 Policy aims to make the State of Maharashtra a global Information Technology (“IT”) and Information Technology Enabled Services (“ITES”) destination and the technology capital of India. The 2023 Policy is valid for a period of five years from June 27, 2023 or until a new policy is released.Continue Reading KEY HIGHLIGHTS OF MAHARASHTRA IT-ITES POLICY, 2023: IT/ITES UNITS, IITTS AND DATA CENTERS



‘Eco-Sensitive Zones’ (“ESZ”) or ‘Ecologically Fragile Areas’ are notified by the Ministry of Environment, Forests and Climate Change (“MoEF”) under the provisions of the Environment Protection Act, 1986 around the boundary of a ‘protected area’ (i.e. national park, sanctuary, conservation reserve or community reserve)[1] (“Protected Area(s)”) to create a “shock absorber/ transition zone” in the Protected Areas and to preserve the areas outside such areas, which are often considered as vital ecological corridor links, by regulating and managing the activities around such Protected Areas[2].  Continue Reading Supreme Court Relaxes Directions Concerning Eco-Sensitive Zones

Dissolution of a partnership firm


Dissolution of a partnership firm entails closure of the business of the partnership, settlement of books and accounts of the partnership and distribution of the surplus property (i.e. remaining property of the partnership after settlement of debts and liabilities of the firm) among partners as per their respective shares in the partnership firm.Continue Reading Distribution of Assets of a Partnership Firm upon Dissolution – Is Registration of Deed of Dissolution or an Arbitration Award mandatory when Immovable Property is involved?

Development Manager as ‘Promoter’ under RERA regime - Deconstructing MahaRERA’s order in Shapoorjee Pallonji’s Case


The Development Management Model (“Model”) has risen exponentially to meet the pace of growth and ensure expansion of real estate projects. The Model typically involves a Development Management Agreement (“DMA”) between a promoter and a development manager, wherein the latter is appointed for project execution, designing, marketing and sales of a project in consideration of a share of the revenue/profit or management fees.
Continue Reading Development Manager as ‘Promoter’ under RERA regime: Deconstructing MahaRERA’s order in Shapoorjee Pallonji’s Case