04 Jun 2025
Trilegal advised Sumitomo Corporation (Sumitomo) in connection with its investment into Powai Lake Residential Private Limited (PLRPL) (a newly incorporated special purpose vehicle) via issuance of equity shares and non-convertible debentures.
Trilegal also advised Sumitomo in relation to the development of a residential real estate project by PLRPL and the procurement of development rights in relation to the same. Further, Trilegal also advised Sumitomo in connection with the appointment of development and asset managers to provide services to PLRPL.
Trilegal drafted, negotiated, and reviewed the investment agreement, debenture trust deed, debenture trust agreement, development management agreement, asset management agreement, development agreement and tripartite agreement, including review of related documentation. Trilegal also reviewed and advised on the Title Opinion issued by an external advisor in relation to the real property proposed to be developed.
PLRPL is set out to utilise such funds from Sumitomo, and additional funds from Hines, for the proposed development, construction and completion of a residential real estate project located in Powai, Mumbai, Maharashtra.
The Trilegal Corporate Team advising on the mandate was led by Partners: Prateek Lala and Shivani Kabra; and supported by Counsel: Ritwik Mukherjee; Senior Associate: Rachna Chhabria; and Associate: Saurabh Saket.
The Trilegal Real Estate Team advising on the mandate was led by Partners: Mridul Kumbalath and Sadaf Shaikh; and supported by Counsel: Dilnaz Bapasola; Senior Associate: Roshini Bansal.
The Trilegal Banking & Finance Team advising on the mandate was led by Partner: Prasan Dhar; and supported by Counsel: Aditya Gupta.
The Trilegal Projects Team advising on the mandate was led by Partner: Swathy Pisharody; and supported by Senior Associate: Oindrilla Mukherjee.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 140 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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