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HEMA SHETTY
Email: shettyhm@gmail.com; shettyhm@hotmail.com
Address: 12 Sadhana, N.Gamadia Road, off Peddar Road, Mumbai 400026.
Contact No: + 91 9821980935 & 022 23526557
Objective :
To pursue a carrer as a distinguished Legal practitioner to bring Professional expertise
in Property Law and Conveyancing with zeal and passion .
Areas of Expertise:
Property Law:
o Transfer of Property Ac 1882, Hindu Law, Indian Succession Act ,
Maharashtra Co-operative Societies Act, Maharashtra Ownership Flats Act
1963 (MOFA), Development Control Regulations, Maharashtra Housing and
Area Development Act, Law relating to Slum Development, Bombay Stamp
Act, Registration Act, Bombay Public Trust Act, Apartment Ownership Act
1970, Coastal Regulations
Conveyancing:
o Investigating and ascertaining & perfecting title of properties.
o Structuring transactions and Drafting Documents pertaining to transfer of
Immovable Property
o Structuring transactions for Investment in properties including that by NRI
o Agreement for Flat Sale under MOFA and Deed Of Apartments
Property Development & Redevelopment
o Development Agreements and structuring transaction for Redevelopment of
tenanted properties and Agreement for recording transfer of tenancy,
permanent Alternate Accommodation and surrender of tenancy
o Redevelopment of Co-operative Housing Societies
o Matters pertaining to deemed conveyances and registration of Society without
the consent of the Builder.
o Registering Societies and Apartments and the documents for conveyance to
the Society
o Property related litigation, and Arbitration, briefing and instructing counsels
and appearing in court and in Arbitration proceedings
Work Experience
March 2014- present :Independent consultant:
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Advising reputed builders, handling their conveyance work, documents for transfer
and surrender of tenancy and other related documents .
Advising Societies on redevelopment of their property
Agreement for Sale of Flats , Leave and License and wills and probate.
March 2007 – March2014 : Senior Legal Consultant with Orbit Corporation Ltd
Led a team of 4 to6 Advocates, accomplished putting systems and processes in place.
Handled complex deals pertaining to 21 projects in south Mumbai where transaction
values of each transaction varied between 100 to 300 crores.
Successfully completed two acquisition and subsequent sale thereof to two single
buyers with transaction value of 108 and 800 crores.
Forged settlement in an Arbitration where transaction had gone sour, saving the
company more than Rupee 100 crores in penalty and concluding the transaction
amicably.
Successfully concluded several transactions for Investors and preparing
consequential documents .
Successfully negotiating and concluding transactions for acquiring owners rights in
tenanted properties and handling documents relating to redevelopment.
Successfully concluded the acquisition of New Era School from its owners and
subsequent transfer to Birla.
Negotiating and settling litigations with Wadia Trust and acquiring their rights in
certain properties.
Successfully concluded negotiations and concluded Memorandum of Understanding
along with definitive documents for taking License and franchise for constructing of
a Five Star Hotel.
Successfully spearheaded and conclude litigation to protect the Intellectual Property
rights of the Company.
Advising on legal strategies for litigation and Arbitration, attending to Litigation, and
Arbitration and attending High Court and Supreme Court, briefing Solicitors and
Senior counsels.
June 2005 – April 2006 : Consultant- Law Point
Ascertaining title of properties. Issuing Title Certificates.
Spearheading and concluding the transaction for granting Leave and License of
several properties including the transaction for license to Glenmark at Andheri.
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Drafting Agreement for Sale under MOFA for various builders.
Agreements and conveyances, Lease Deeds, Assignments, for Purchase and sale of
Properties.
Structuring and drafting documents pertaining to redevelopment of Co-operative
Societies.
Preparing schemes for Development of Residential and commercial Properties
including for redevelopment of Co-operative Societies.
Drafting of Tenancy documents, Development Agreements, Mortgage Documents,
Power of Attorney’s
March 1993 –May 2005 : Partner in A.S Bhawalkar & Co.
Ascertaining title of Properties and Issuing Title Certificates.
Negotiating and settling transactions and drafting various documents, Conveyances,
MOFA Agreements.
Redevelopment of Dharia Mansion Society and Shreepad Society at Girgaum and
Ram Gumpha Society at Dadar.
Handling Property related litigation in various courts briefing Counsels in Legal
proceedings and some of the judgments were reported in Legal Journals.
August 1984 –February 1993 : Associate with A.S.Bhawalkar Co.
Ascertaining Stamp Duty and Registering Documents.
Assisted in a team to conclude acquisition and subsequent sale of large properties at
Lonavala and Vasai.
Educational Qualifications
L. L .B. from Government Law College with 62% and three distinctions.
B. Com. Lala Lajpat Rai College, with a Higher Second Class
Standard XII Maharashtra Board with 62%
Other Trainings
Team, Management and Leadership Program from Land Mark Education
