Clove Legal: Nine Dimensions Bandra Land Deal Closes for ₹120 Crore

• Nine Dimensions Housing LLP sold a land parcel in Bandra, Mumbai, to Fleur Hotels Limited.
• Fleur Hotels Limited, a subsidiary of Lemon Tree Hotels Limited, acquired the property for ₹120 crore.
• The transaction was completed on September 24, 2026, through the registration of the Deed of Conveyance.
• Clove Legal advised Nine Dimensions, with Amit Sirsikar and Drashti Mehta leading the team.
• Dhaval Vussonji and Associates provided legal counsel to Fleur Hotels for the acquisition.

This significant transaction serves as crucial market intelligence, showcasing substantial real estate investment activity in Mumbai and signaling strategic expansion within the hospitality sector.

A significant real estate transaction has recently concluded in Mumbai, involving the sale of a prime land parcel in Bandra. Nine Dimensions Housing LLP, a Mumbai-based real estate development group known for its expertise spanning architecture, construction, and redevelopment projects, divested a property situated along the Western Express Highway near the Bandra-Kurla Complex (BKC).

The acquiring entity was Fleur Hotels Limited, a subsidiary of the well-known hospitality chain Lemon Tree Hotels Limited. This substantial Fleur Hotels Bandra land acquisition was finalized for a consideration of ₹120 crore, marking a notable ₹120 crore Mumbai property transaction. The deal officially completed on September 24, 2026, through the formal registration of the Deed of Conveyance and all associated transaction documents, solidifying this Clove Legal Nine Dimensions Bandra land deal as a key event in the city's property market.

Facilitating such a high-value and strategically important land deal required specialized legal expertise from both sides. Clove Legal played a pivotal role in representing Nine Dimensions Housing LLP and its stakeholders throughout the transaction. The advisory team from Clove Legal was led by Amit Sirsikar, the firm's Founder & Senior Partner, alongside Drashti Mehta, a Partner at the firm.

On the buyer's side, Dhaval Vussonji and Associates provided legal counsel to Fleur Hotels Limited. The involvement of these prominent legal firms underscores the intricate nature of large-scale property acquisitions in India and highlights the importance of robust legal frameworks and experienced advisors in successfully navigating such complex real estate ventures. The Dhaval Vussonji Fleur Hotels advisory ensured the buyer's interests were meticulously handled.

This significant transaction serves as crucial market intelligence, showcasing substantial real estate investment activity in Mumbai and signaling strategic expansion within the hospitality sector. The acquisition by a Lemon Tree Hotels subsidiary indicates a clear intent to bolster its presence in a prime location, reflecting broader trends of growth and development in India's urban centers. For legal professionals advising clients on large-scale property acquisitions or sales in India, this deal offers valuable insights into current market dynamics and the active players involved.

The Clove Legal Nine Dimensions Bandra land deal is more than just a property transfer; it is a barometer for the health and direction of the India real estate market, particularly in the hospitality segment. Observing the firms involved and the structure of this ₹120 crore Mumbai property transaction provides indicators of prevailing market trends and the types of investments attracting significant capital. Such transactions are vital for understanding the evolving landscape of real estate development and investment across the country.

This transaction serves as market intelligence, showcasing significant real estate investment activity in Mumbai involving hospitality sector expansion. Lawyers advising clients on large-scale property acquisitions or sales in India should note the firms involved and the deal structure as indicators of current market trends and active players.

Source: Reporting based on industry transaction records