Prozone Group’s $13 Million Acquisition of Real Estate Projects


Economic Laws Practice advised Prozone Group on the transaction.

Prozone Group and its affiliates completed the acquisition of a 50% stake in a real estate project being developed at Oshiwara, Andheri, Mumbai, by the Paradigm Group, a renowned real estate group based in Mumbai. The project is a redevelopment project governed by Slum Rehabilitation Authority, Mumbai.

Paradigm Group, Inc. operates as a holding company, and through its subsidiaries, acquires, invests, and operates revenue generating companies primarily in the health care, e-commerce, mobile technologies, transportation, and consumer goods markets.

Economic Laws Practice advised Prozone Group with a team led by partner Darshan Upadhyay (Picture), partner Bhavin Gada, senior associate Manendra Singh and associate Hitesh Agrawal Manager).

Involved fees earner: Hitesh Agrawal – ELP Advocates & Solicitors; Bhavin Gada – ELP Advocates & Solicitors; Manendra Singh – ELP Advocates & Solicitors; Darshan Upadhyay – ELP Advocates & Solicitors;

Law Firms: ELP Advocates & Solicitors;

Clients: Prozone Group ;

Author: Michael Patrini