Law firm Shardul Amarchand Mangaldas provides legal counsel to Rane Group in a ₹361.18 crore land sale deal with Canopy Living.
A significant real estate transaction has taken place in Chennai, Tamil Nadu, with Rane (Madras) Limited selling a 3.48-acre land parcel to Canopy Living LLP for a total consideration of ₹361.18 crore. Dorothy Thomas, a Partner at Shardul Amarchand Mangaldas & Co., led the legal team advising Rane (Madras) Limited on this strategic sale.
The transaction was completed on June 26, 2025, and was not inclusive of the retained portion of the total 4.5-acre land at Velachery. Rane (Madras) Limited will retain the balance portion of the land, planning to construct a new office facility on the retained land. The construction plans for the new office facility are separate from the transaction advised by Shardul Amarchand Mangaldas & Co.
The transaction team under Dorothy Thomas's leadership also included Counsel Pirabu Mohan, Senior Associates Raghavi Raj and Harikrishnan S, and Associate Madhumitha Christina. Dorothy Thomas was among nine lawyers elevated to Equity Partners at Shardul Amarchand Mangaldas in July 2025, recognizing her expertise and leadership within the firm. However, it's worth noting that Dorothy Thomas is not involved in the construction plans for the new office facility.
Canopy Living LLP, a joint venture between Prestige Estates Projects Limited and Arihant Foundations & Housing Limited, is the buyer of the land parcel. The new office facility will integrate city offices of various divisions for Rane (Madras) Limited. The roles of Pirabu Mohan, Raghavi Raj, Harikrishnan S, and Madhumitha Christina in the construction plans for the new office facility are not specified.
In conclusion, Dorothy Thomas, a Partner at Shardul Amarchand Mangaldas & Co., successfully led the legal team advising Rane (Madras) Limited in a strategic sale of a land parcel in Velachery, Chennai, to Canopy Living LLP. The transaction was completed for a total consideration of ₹361.18 crore, with Rane (Madras) Limited retaining the balance portion of the total 4.5-acre land at Velachery, planning to construct a new office facility on the retained land. The construction plans for the new office facility are separate from the transaction advised by Shardul Amarchand Mangaldas & Co.
The strategic sale of a land parcel by Rane (Madras) Limited was a significant business move, securing ₹361.18 crore in finance. The construction of a new office facility on the retained land represents a potential growth opportunity for Rane (Madnas) Limited's business operations.
