Bengaluru
Kolkata
Mumba i
New Delhi
Avnish Sharma
Partner
Ashoka Estate, 12th Floor
24 Barakhamba Road
New Delhi 110 001
India
T: +91 11 41515454
F: +91 11 41515318
E: avnish.sharma@khaitanco.com
Practices:
Real Estate
Education:
LL.M., London School of
Economics and Political Science,
University of London (2006)
LL.B. (Hons.), Amity Law School,
New Delhi (2005)
Professional Affiliations:
Solicitor, England and Wales
Bar Council of Delhi
Avnish Sharma is a Partner in the Real Estate practice group in
New Delhi office. Avnish specialises in Real Estate and has
advised some of the major Indian and International companies,
along with advising the Government of India on critical policy
issues.
Avnish has worked with the Ministry of Housi
ng and Urban
Poverty Alleviation, Government of India, in drafting of
subordinate legislation under the Real Estate, (Regulation &
Development) Act, 2016 and in drafting of Model Contract for
PPP in Housing Sector.
He has extensive experience in matters pertaining to foreign
investment in real estate, onshore & offshore structuring,
development and collaboration transactions, local law
advisory, SEZ investments, private equity investments and
transaction management.
Representative Matters:
In his areas of expertise, Avnish has represented and advised
the following key clients:
Private Equity and Acquisitions:
DLF Limited on the sale of 33%
stake held by the
promoters of DLF through its 3 (three) group companies
through sale of CCPs in DLF Cyber City Developers Private
Limited (DCCDL);
Tata Realty & Infrastructure Limited and Standard
Chartered Private Equity Advisory (India) Private Limited
on the acquisition of 100% share capital of an SEZ company
in Gurugram and Mumbai;
Medanta Holdings Private Limited on investmen
t from
Carlyle and Temasek into 1,000 bedded super specialty
hospital in Lucknow and acquisition of land;
A Chinese Real Estate Developer on
a development
agreement for setting up of a group housing project in New
Delhi;
A Chinese Infrastructure Park Developer on its proposed
concession agreement with the Haryana State Industrial
www.khaitanco.com
Development Corporation for allotment and development
of a 1,500-acre industrial township in Manesar;
A Japanese corporation on its
maiden investment in a
residential colony in Gurugram spread over 5 acres;
Brahma Management Limited, a US based fund, in two
projects involving setting up of an integrated township and
a commercial project in Gurugram;
A Real Estate Player on various issues involving their FDI
investment in India and represented them before the
Enforcement Directorate in connection with show-cause
notice on foreign exchange laws violations;
Bharti Realty Limited
on various issues relating to the
extant foreign direct investment laws in India, in particular
on investments into commercial projects; and
Signature Asset Management Company Limited on
investments
in Integrated Township of 400 acres in
Ghaziabad.
Collaboration and Development Agreement:
A Real Estate developer on a development agreement and
LLP agreement for development of a five-acre land parcel
with a Mumbai based developer;
Karamchand Realtech Private Limited on their
development agreement with
Vipul Limited for a
commercial project in Gurugram;
Godrej Properties Limited on co-
development of
commercial space in Chandigarh; and
Bharti Land Limited on a collaboration for setting up a 156
acre integrated township in Faridabad.
Leasing and Local Law Advisory:
Wal-mart India Private Limited on the different models of
leasing adopted by Wal-mart India Private Limited for its
cash and carry stores pan India;
H & M Hennes & Mauritz India (P) Limited on setting up
stores in India;
Bill & Melinda Gates Foundation on commercial leasing for
its office space;
United Nations Development Programme on
leasing of
commercial premises;
BHP Billiton Marketing Services India Private Limited on
leasing of commercial premises in New Delhi and
Gurugram;
International Monetary Fund on leasing office space to set
up the South Asia Regional Training & Technical Assistance
Centre;
www.khaitanco.com
International Finance Corporation on leasing of office
space in New Delhi;
Boston Scientific Private Limited on the lease of property
for its research and development,
and back office
operations in Gurugram;
Experion Developers Private Limited on legal advice on
application letters and unit buyer agreements; and
American Express
on the commercial leasing of office
space in India and compliances with pollution control laws.
Publications and Presentations:
Avnish has jointly authored the following contributions:
“Affordable Housing key to real estate recovery”
published in India Business Law Journal, 2009;
“
Fair Builder Buyer Agreement”
published in Property
Observer, 2013; and
“FDI in Retail to benefit Real Estate too
” published in
Property Observer, 2014.
