Introduction
Real estate industry has been India’s highest job creator for many years. Indians are obsessed with real estate. We believe that real estate is the best asset and spend huge amounts on the same. As a result, real estate industry has flourished.
Further, with a huge population coming out of poverty and getting richer, the demand for housing and even business real estate is going to stay very strong in the foreseeable future. As millions of Indians move from villages to cities, and upwardly mobile middle class acquires massive purchasing power, real estate is one of their priorities.
The outlook for real estate industry, hence, is amazing.
Indeed the industry has recently taken some major beating due to double whammy of demonetization as well as the Real Estate Regulation Act, which have introduced unprecedented discipline into the industry. However, the strict laws have also made the entire industry more trustworthy and is likely to result in increase in prosperity of the sector over the long term.
Interestingly, whether real estate industry is going through a boom or bust, real estate lawyers are always in high demand. In fact, as the real estate industry went through a down cycle since the last couple of years, the demand for lawyers in the industry has only increased. As the number of cases involving builders have steadily gone up, so has the demand for lawyers.
Most of the work for lawyers have been increasing in the following types of matters: disputes with consumers, disputes between builders and unpaid vendors, registration of new projects under RERA, real estate agreements, various registrations and building permits, compliance, benami property related cases, disputes over lease and illegal encroachment of property, housing society disputes, property disputes and litigation.
Our Learners
Who should take this course
- Bankers and officers in banks, NBFCs responsible for business decisions in real estate division
- Managers, professionals and owners in real estate businesses
- Lawyers looking to specialize in real estate practice
- Lawyers looking to build general civil litigation practice
- Law students looking to work in corporate law firms in real estate team or in-house legal teams in large real estate companies
- Law students looking to work in real estate companies and law firms
What is the career potential after doing this course
- You can work as in-house lawyer or an independent lawyer for real estate companies
- You can work as an independent lawyer working for real estate buyers in dispute
- Work at a specialized real estate law firm
- Work for the real estate teams in large law firms
- Cities like Bangalore and Hyderabad as well as tier 2 cities are seeing a major surge in growth of the real estate industry and shortage of real estate lawyers
- Big cities like Delhi, Mumbai and Bangalore have numerous large law firms with eminent real estate law practices
- From due diligence of property to relatively simple conveyance deeds, lawyers are needed in every stage of real estate transactions
- Banks hire real estate lawyers as they finance innumerable real estate transactions every day. They need real estate lawyers in every step - from doing due diligence to drawing up mortgage agreements for housing loans
- With new real estate tribunals being set up under RERA, it is a golden opportunity for young lawyers to establish their practice and credibility before these tribunals whereas doing so in an old tribunal existing for decades is much harder comparatively
- Real estate disputes are high stake and complex. Lawyers are paid very well in this domain
- Government hires large number of real estate lawyers as it is the largest owner of real estate in the country as well as for taxation and regulatory sectors
Potential employers
- NBFC
- Bank
- Real Estate Developers
- Real Estate Investment Funds
- Real Estate Consultants
- Real estate law firms
- Big corporate law firms
- Litigation chambers
Relevant Industries
What is unique about this course
- The course is not limited to a provision-by-provision study of the statute and associated case laws alone
- This course covers areas of interest from the point of view of promoters of a real estate project, developers, home or office owners as well as real estate agents
- The course trains you on different kinds of actual work that is required to be performed by lawyers and other professionals
- It is not a mere theoretical study, but hands on practical lessons where you will have to draft a lot of documents
- The course is tough and intensive, you will not be awarded the certificate unless you complete all the exercises. You have to spend 8-10 hours per week on this course.
- You will get personal attention and coaching from the trainer, and get individual feedback on the quality of work you produce
- You will be writing an article every month and with our guidance publish the same either on iPleaders blog or various other industry publications
- We will provide you a free course on professional networking, CV writing and interview skills so that you can easily find jobs
- Those who perform well in class will be recommended to top law firms for internships and jobs. If you do not need such help, let us know in what other way we can help you.
Money back guarantee
If you take this course, follow it diligently for a month, do all the exercises but still do not find value in it, or not able to understand or follow it or not find it good for any reason, we will refund the entire course fee to you. It is a 100% money back guarantee with only one condition, you must pursue it properly for a month. If you don’t find it valuable after that, get your entire money back.
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Training Methodology
Online 24/7 access
Access to basic study material through online learning management system, Android and iOS app
Hard Copy Study Material
Hard copy study material modules to be couriered to your address
Practical Exercises
2 practical exercises every week, followed by written feedback
Live Online Classes
Based on the exercises, there will be a live video based online class. You can ask questions, share your screen, get personal feedback in this class.
Convenient Class timings
Classes are held after regular work hours. Typically classes are kept on Sunday afternoon or 8-9 pm on other days.
Live Doubt Clearing
You can ask questions, get your doubt cleared live as well as through online forums
Our Learners
What will you learn
- Gain exposure to strategic and drafting work in connection with real estate law
- A step-by-step guide for understanding the processes involved in setting up real estate projects in Mumbai, Delhi, Kolkata, and Bangalore. Other locations may have differing local laws, and while we do not specifically address them, you will learn how to identify and handle those as well
- Understand the procedure under the RERA from registering a project, compliances to obtaining possession certificates for the builder’s clients
- Drafting real estate and property related agreements
- Devise litigation and dispute resolution strategy for your clients
- Understand the commercial impact of the real estate laws
- Acquire competence in obtaining crucial registrations, licenses and various permissions in real estate projects for your client
- Learn how to act on behalf of banks and financiers in real estate transactions
- Learn to conduct due diligence for your client before acquiring any land or property
- Draft various notices, petitions and applications until you are conversant with each one of them
- Learn practical and strategic aspects through cases studies
- Special cases like power of attorney based transfers in Delhi and the rights of ‘pagdi’ property owners in Mumbai
- A step-by-step walkthrough of real estate transactions and drafting of the agreements such as joint development agreement, mortgage, and corporate lease
- Learn how to defend your clients in real estate litigations
- Study the new amendments, cases and ongoing controversies involving industry leaders such as Jaypee and DLF
- Enrich your drafting skills for frequently used property-related documents such as the joint development agreement, lease agreements, leave and license agreements
Specific Learning Objectives
- Advising clients on the applicability of central and state acts and their corresponding rules for projects and/or businesses
- Advising buyers for future course of action in case of delay in the possession of the under-construction properties
- Guide and advise the builders and developers in their project requirements for registration with RERA
- Get trained to advise your clients on various avenues for financing their real estate projects
- Get skilled in advising co-operative housing societies about compliance with co-operative societies acts, societies registration acts and other laws as applicable to different states
- Learn how to advise the members of a co-operative society for transactions such as sale /nomination/inheritance of property
- Learn to advise clients on whether they should avail the assured returns, subvention or buy-back schemes and make them aware of the red flags in each one of them
- Create legal checklists for clients for buying land or property
- Learn to analyse search-title and revenue records of a property to meet the legal provisions in the RERA Act
- A step-by-step guide for drafting the documents required for changing the client’s name on land and other records after the transfer of property (mutation)
- Learn how to get agriculture land converted for residential, commercial, industrial or any other non-agricultural use
- Advise clients on what to do when a ‘pagdi’ property is transferred or goes for redevelopment
- Understand different kinds of checks that should ideally be conducted by a potential tenant and a landlord for a rental/lease/ leave and license transaction
- Learn how to draft agreements for sale
- Learn how to draft sale deeds
- Learn how to draft commercial lease agreements
- Learn how to draft leave and license agreements
- Learn how to draft joint development agreements
- Familiarize yourself with the calculation of the stamp duty and registration of sale deeds, agreements for sale, lease agreements and leave and license agreements
- Learn how you can use the land pooling policy of Delhi Development Authority (DDA)
- Get an understanding about the procedure relating to the transfer development rights in Maharashtra
- Learn how to advise NRI clients on issues pertaining to the purchase of property in India and how to do it
- Advising your Indian clients on how they can purchase properties abroad
- Learn how to acquire land from government and be introduced to the cases and situations where government can legally acquire your land
- Advise the builders, cooperative housing societies and residents on a redevelopment transaction
- Learn how to file a complaint with the Real Estate Regulation Authority
- Learn how to compound offences under RERA
- Practical understanding for using the conciliation forum for resolving disputes between builders and homeowners
- Learn how to file an appeal with the Real Estate Appellate Tribunal
- Learn how to file a consumer case against the promoters
- Gain clarity for advising clients for the GST applicable to their real estate transactions
- Learn how to advise homeowners on initiating insolvency proceedings against builders
Recruitment and Internship Support
We are the only organisation in India with such comprehensive and exercise-based training methodology for courses. Many employers, law firms and companies are happy to recruit our high performing students. If you do well in your exercises and classes, we can help you to get jobs, internships and assessment internships in good law firms, with renowned lawyers as well as in various companies.
List of Weekly Exercises
- How to draft a notice to the builder if the possession of the under construction property is delayed.
- Draft a legal opinion to advise a client on whether a real estate agency business is required to be registered with RERA and the procedure for registration
- Draft a legal opinion on the due diligence to be undertaken for the purchase or acquisition of land and draft clauses of joint development agreement
- Draft a legal opinion to advise a client on details to be checked before entering into a rental transaction from the viewpoint of both landlord and tenant
- Drafting clauses of and procedure for registration of a commercial lease
- Drafting clauses in a leave and licence agreement to protect the interests of a licensor and licensee
- Draft a legal notice from a landlord asking a tenant to vacate a property
- Draft a legal opinion on different methods of availing finance for a real estate project and the suitable method in a specific case.
- Draft a legal opinion to advise an NRI client on which properties he can purchase in India and what sources of funds he needs to use
- Draft a power of attorney to be provided by an NRI client for completing formalities of purchase/rentals in his / her absence
- Draft a legal opinion on what an owner of a pagdi property in Mumbai can do in case of inheritance or proposed repairs or redevelopment
- Draft a legal opinion to advise a builder on whether he can offer assured returns schemes for his project, at what point and what restrictions is he subject to
- Draft a legal opinion to advise a client on whether he/she should avail of an assured returns scheme and what precautions he/she should take
- Draft a legal opinion on whether GST will be applicable to specific real estate transactions and at what rates
- File a complaint with the Real Estate Regulatory Authority
- Draft a consumer complaint against a builder for delay in possession of under construction property
- Draft a notice of commencement of arbitration and prepare a statement of claims against a developer pursuant to a JDA
- File a civil suit with temporary injunction application against a developer
- Draft a legal opinion on initiating insolvency proceedings against a developer
- Exercise on preparation of title verification reports
- Exercise on Joint Development Agreement and Agreement to Sell
- Exercise on disputes & Litigation Related to Succession of Property
- Exercise on Consumer Disputes in Real Estate
- Exercises on Creation of a co-operative housing society (CHS), its management and disputes
- Exercise on due diligence for rental property and clauses of leave and license agreement
Our Learners
Toppers Testimonials
I liked the course material and notes. The notes got to the point, and they explained everything that was required. There were no ambiguities. The other things I liked were the key assignments and the interactive sessions with the instructor. The instructor used to check the submitted assignments and gave alternative answers. There was a doubt clearing session where all our doubts cleared.
I am from real estate sector and this industry is going through some major changes like RERA and HIRA which have come into force. Accordingly, it is necessary to have good knowledge about this new act. This course gave me a clear picture about the act. The RERA and HIRA introduce some new concepts like definition of carpet area, car parking, project cost, land cost, defect liability clause etc and all the clauses need to be discussed thoroughly and every lecture of this course had successfully done it. If anybody is interested about real estate industry, I would like to recommended this course to that person as he will get knowledge and confidence. We have ample chances to communicate with the mentors to discuss the practical aspect of this real estate industry. I appreciate the way this course is being conducted. I will give you full marks.
I learned how to draft any lease or leave and license document in an ascending order. I also learned that drafting is an art and you have to put each and every event which is in support of your contention. I further learned about how to draft notices under RERA Act. The People who enroll in these courses can expect great amount of exposure pertaining to drafting and also they can learn some practical things by LAWSIKHO expert faculty which they surely cannot learn in big firms due to the constant work pressure.
I am in the real estate field itself but there are certain things which I never heard before joining this course, The practical practices in real estate. I like doing the exercises as they make me learn practical aspects. I feel every person who wants to pursue a career in law should do this course, even the people working in lending institutions should do this as they have in-house lawyers who work on the property and real estate law, even the people working in builder and constructions offices as they require someone to do due diligence. Even consumers should do this course as they go to lawyers for due deligence.
The law in real estate space is quite neglected and further such subjects are not covered in law school syllabus. In fact, many legal firms have real estate department, however the employees lack good knowledge in this field. Therefore, if one knows the law, sections, regulations and further knows how the process works it would be easy to get a job opportunity in real estate department of the legal firms. Due diligence was most crucial part of this course as this generally gets neglected.
The course is very well designed and covers a lot of aspects related to property laws. This course introduced me to property laws. This course broadly touches upon all the important regulations within this space and for me that is important and one of the main reasons I liked this course. It further covered Maharashtra specific laws which was a huge added benefit for me. Hence in conclusion it was a good experience for me.
I am truly enjoying the course and I am looking forward to practice this as a profession. The key to this is the experience required while tackling the builders. To give an incidence, we had given our property for joint development in 2012, however, till date it has not been completed. We were caught unaware on a sticky wicket because there is no information whatsoever of handling this situation but I had become really confident and have approached my attorney to send him a notice. The electronic content is accessible anywhere. Almost all people who are landowners, builders, buyers, lawyers, government officials with the municipality etc who are directly involved with property should do this course, it is very enlightening.
My family business is Real-estate and construction, and that's one of the reasons I'm so keenly interested in the subject. So, everything taught is relatable. For instance, my family was unaware of the stringent laws relating to assured return schemes. Any person can benefit, especially with such flexible classes, assignment methods and eager to teach faculties.
I have always wanted to deal with commercial property matters and this course helped me in a big way. I am a panelled lawyer of a bank. They always demand non-encumbrance certificate after searching property from a panelled lawyer. Since, through this course my understandings and practical implementations of legal knowledge have increased significantly, I can successfully serve my clients.
I plan to use the knowledge I have gained in securing a job in a reputed real estate firm. Students get a clear understanding of the nuances of real estate sector. The guidance from the faculty of LawSikho and their team has been very motivating. It has helped me immensely to enhance my knowledge and interest in this sector.
Industry Academia Panel
Founding Partner, JPS Legal
Partner, P&A Law Offices (Former General Counsel of SREI Group)
Co-founder, Company Secretary, Content Head & Editor, LawSikho
CEO and Co-Founder, iPleaders and LawSikho
Founder & Managing Partner - PSL Advocates & Solicotors Member - ICC Commission on Arbitration & ADR
Partner, Amicus Services
Principal at Innove Law
Senior Partner (Taxation), AZB & Partners and Former Additional Commissioner of Income Tax
Banking, finance and private equity lawyer and IBC professional
Counsel - Bombay High Court
Partner, KMA Law Offices Former managing Associate, Luthra and Luthra Law Offices
Partner, Palit & Co., Advocates and Solicitors
Founder, Versatile Legal, Advocates and Consultants
Online Faculty
Note: This is an indicative list of our guest faculty members and not an exhaustive list. We may change the faculty members at any point based on availability.
Course Plan
Above prices are inclusive of all applicable taxes and charges. Option to convert your payment into 2 instalments is available on checkout page.
- Get Sample Material in your inbox
- Regular career guidance on email
- Sample Exercises
- Five very useful lessons
- No certification
- Printed study material (by courier)
- 1 online live class/ week (12 weeks)
- 2 practical or drafting exercises per week (9 weeks)
- 3 writing assignments (3 weeks)
- Get digital access to entire study material
- Access on LMS, Android & iOS app
- Instructor feedback on assignments
- Doubt clearing on WhatsApp, LMS & classes
- Instructor led course with online live classes
- Online exams (give exams as per your convenience on given time slots)
- Certificate (by courier)
- CV enhancement
- Coaching for professional networking
- Training for writing and publishing articles
- Internship & Job Support
- Interview preparation guidance
- Networking with other students & alumni
- Access to updated content online for 3 years
- Doubt clearing within 24 hours
- Top students are recommended to law firms and companies
- Internship and job support available
- Printed study material (by courier)
- 1 online live class/ week (12 weeks)
- 2 practical or drafting exercises per week (9 weeks)
- 3 writing assignments (3 weeks)
- Get digital access to entire study material
- Access on LMS, Android & iOS app
- Instructor feedback on exercises
- Doubt clearing on WhatsApp, LMS & classes
- Self-paced courses
- Online exams (give exams as per your convenience on given dates)
- Certificate (by courier)
- CV enhancement
- Coaching for professional networking
- Training for writing and publishing articles
- Internship & Job Support
- Interview preparation guidance
- Networking with other students & alumni
- Access to updated content online for 3 years
- Doubt clearing within 24 hours
- Top students are recommended to law firms and companies
- Internship and job support available
- Access to all of Lawsikho.com's courses for 4 years (including new courses launched in this period)
- Immunity from future price increases for 4 years
- Complimentary access to members-only paid Facebook group for exclusive career opportunities and content
- Inclusion of templates and lessons on your request on a priority basis
- Priority pass for personal coaching, doubt-clearing, customer-support
- Free passes and invitations to all Lawsikho events and meet-ups across India
- Direct mentorship from Ramanuj and Abhyuday
- Personal feedback on as many assignments as you want
- Access to Lawsikho alumni network
- Priority processing for articles submitted to iPleaders blog and Superlawyer interview recommendations
What Top Legal Experts and Practitioners Say
Khaitan & Co. and Wadia Ghandy
With notification of the RERA, the real estate law across different parts of the country has become difficult to grasp. This is a great start to teach the framework of real estate legislations and to identify the common principles of the new law. This course will assist students in understanding how the law works. Students who pursue this will be sufficiently trained to identify, extract and comprehend the relevant aspects of applicable law in a number of states.
HSB Partners
There is a significant gap between what you learn when you study Transfer of Property Act and real estate work. This course is an excellent initiative to bridge that gap and will benefit learners.
Syllabus
How to register a real estate project with RERA
Ground level clearances required for project proponents
How are real estate projects financed?
Practical aspects of financing of the real estate projects
Registration of a real estate business in West Bengal
Registration of a real estate business in Maharashtra
Case study - How a large real estate company is structured
Points which Developers must know about RERA (rewrite)
Developer registration requirements and procedure (rewrite)
How assured return schemes work & subvention scheme
How do real estate agents work and how are they regulated
Registration of Real Estate agents on MAHA RERA
Registration of property dealers and consultants in Haryana
Obligations and responsibilities of a real estate agent
Real estate scams in India and how a buyer can avoid them
Constitution of a Co-operative Housing Society and conveyance by promoter
Registration and management of Co-operative Housing Societies
Co-operative Housing Societies and the law
Disputes related to the Co-operative Housing Societies
Responsibilities of a promoter under Maharashtra Ownership of Flat Act, 1963
Maharashtra Apartment Ownership Act, 1970
Searches for requisition, acquisition, encumbrances, charges and statutory clearances
Searching Land Records
Searching property records
Searching property undergoing construction status
Searching Occupancy Certificate
How to prepare and record a deed
How the Certificate looks
How the certificate look
FAQs
Our training methodology is unique. While it is not endorsed by any outside authority, the success of our students speaks for itself. Our methodology is described in detail in the previous questions. The legal industry loves to hire our students who have gone through the entire training we have provided. Major companies have been hiring us to train their legal teams and managerial executives with cutting edge legal courses. This is the proof of our success.
We will point you out the relevant reading material as well as templates and precedences you need to solve an assignment. You can also freely discuss with other students in the course whatsapp group. You can post queries in the learning management system as well while working on assignments. During the live sessions you can ask questions to expert and get your issue resolved. Sometimes it may be possible to schedule a call with evaluators and discuss with them but this is at the discretion of the evaluator and at a time of his or her convenience. We cannot handle unlimited calls with every small question, you have to respect the time and availability of the evaluators also. For that you already have the learning management system as well as whatsapp group where you can post an unlimited number of doubts.
These are video conference based classes that you can attend from mobile, tablet and personal computer through an application. You can see the teacher and the teacher can see you. You can even share your screen with the teacher for comments if the teacher requests and the teacher can show you his or her screen. You can see other people attending the class also. There is usually a lot of discussions amongst the students and teachers in the class. It is very much like a live classroom except that you do not have to travel to access the class, you can access it on the go as long as you have internet and a device.
There are many certified courses in the market, including LLB which is a qualifying criteria for becoming a lawyer. The problem is that even after doing them, people do not have requisite advanced level practical skills needed to succeed. You can learn these things from our courses. Our students who are already working earn over 1 lakh rupees per month in an average. That should give you an idea about what is so beneficial about our courses!
Completing assignments and MCQ test is mandatory to clear the course. If that is not done you won’t get the certificate of the course.