---
title: "Highlights pertaining to infrastructure sector"
date: 2015-08-29
author: "Shrishail Kittad"
url: https://www.indialaw.in/blog/infrastructure/highlights-infrastructure-sector/
---

# Highlights pertaining to infrastructure sector

Posted On - 29 August, 2015 •

By - [Shrishail Kittad](https://www.indialaw.in/people/adv-shrishail-kittad/ "Posts by Shrishail Kittad")

*By Shreya Sushil*

In a significant move to unlock the potentials of Public Private Partnership (“**PPP**”) model, the Cabinet Committee on Economic Affairs [“**CCEA**”] has approved the New Policy (“**New Policy**”) for Concessionaire/ Developers undertaking BOT (Build-Operate-Transfer) Projects.

**New Exit Policy for Developers**[[1]](http://www.indialaw.in/blog/blog/?doing_wp_cron=1441534503.9356551170349121093750#_ftn1)

Under the current policy, the Developers are allowed to exit the project 2 years after the completion of construction cutting-short the earlier obligation upon them to retain 26% equity in the project even after the completion of the project. However, the complete exit gateway was made open only for the projects signed post-2009. The current Policy extends this option to the projects which were signed before 2009 also.

The reason why CCEA has proposed such a change-cum-respite in the Exit Policy is because the New Projects or the projects which are in their final stage are facing funds crunch. Substantial amount of money is locked in the already completed projects. In addition to this, concessionaires are facing difficulties in terms of not being able to get the right valuation if they want to exit the project once it is completed. It is further expected by the Authorities that the unlocked funds could be reinvested in the new projects and would result in the development of the Infrastructure Sector at par.

This extension is expected to unlock around Rs. 4,500 crores that are stuck in already completed projects as equity to be retained during the concession period awarded to the projects. The changes in the Exit Policy are expected to benefit about 1500 km of new highways proposed to be constructed in the PPP model.

**NHAI Funding for Languishing Projects**[[2]](http://www.indialaw.in/blog/blog/?doing_wp_cron=1441534503.9356551170349121093750#_ftn2)

Another key takeaway of the New Policy is the proposal for NHAI funding for languishing project. CCEA approved a special intervention for the projects that are in the advanced stage of completion but are stuck due to either lack of additional equity or lender’s inability to disburse further. NHAI has been authorized to provide funds to such projects from within its overall budget/corpus on a loan basis at a predetermined rate of return. This loan is to be recovered along with interest as the first charge from the toll receipts immediately after completion of construction. NHAI has been directed to develop a robust policy in this regard.

**Conclusion**

Development of infrastructure is the baseline for economic growth of the country. Even though the current Government and previous Governments have emphasized on PPP model for infrastructure development, the sector slowed down considerably mainly due to policy issues. During the last few years, PPP projects have failed to attract bids. The changes in the Exit Policy are expected to bring the much required capital for the sector.

[[1]](http://www.indialaw.in/blog/blog/?doing_wp_cron=1441534503.9356551170349121093750#_ftnref1)*http://pib.nic.in/newsite/pmreleases.aspx?mincode=63*

[[2]](http://www.indialaw.in/blog/blog/?doing_wp_cron=1441534503.9356551170349121093750#_ftnref2)*http://pib.nic.in/newsite/pmreleases.aspx?mincode=63*

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# IndiaLaw LLP — Offices & Contact Details

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## General Contact

| | |
|---|---|
| **Website** | https://www.indialaw.in |
| **Primary email** | contact@indialaw.in |
| **Primary phone** | +91 836-9995919 |
| **Contact form** | https://www.indialaw.in/connect/ |
| **Careers (separate channel)** | https://www.indialaw.in/careers/ |


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## All Offices (9 locations across 8 cities)

### 1. Mumbai — Registered Office & Head Office (Apeejay Chambers)

| | |
|---|---|
| **Address** | Apeejay Chambers, Ground Floor, Wallace Street, Fort, Mumbai – 400 001 |
| **Phone** | [022-6924-7400](tel:02269247400) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate · IP |
| **Notes** | The HQ. 5 partners based here. Handles PAN-India litigation, arbitration, corporate, banking, IP and real estate practice. Largest team across all offices. |

### 2. Mumbai — Non-Litigation Office (Excelsior, Fort)

| | |
|---|---|
| **Address** | 4th Floor, New Excelsior Theatre Pvt. Ltd., Amrit Keshav Nayak Marg, Fort, Mumbai – 400 001 |
| **Phone** | [022-697-40500](tel:022-697-40500) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Non-litigation only — consultations, negotiations, transactional work |
| **Notes** | Opened 2024. Litigation and arbitration remain at the Apeejay Chambers head office. |

### 3. Delhi

| | |
|---|---|
| **Address** | Flat No. 1107 & 1108, Prakashdeep Building, Tolstoy Marg, Connaught Place, New Delhi – 110 001 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/delhi/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate |
| **Notes** | 3 partners based here. Located near the Supreme Court of India, Delhi High Court and other appellate bodies. |

### 4. Kolkata

| | |
|---|---|
| **Address** | Centre Point Building, Room No. 214, 2nd Floor, Premises No. 21, Hemanta Basu Sarani, Opp. Great Eastern Hotel, P.S. Hare Street, Kolkata – 700 001, West Bengal |
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| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/kolkata/ |
| **Practice focus** | Insolvency & Bankruptcy · Commercial & Civil Litigation · Arbitration · Banking Litigation · Real Estate · Labour & Employment · Consumer |
| **Notes** | Advises banks, NBFCs, MSMEs and corporates on transactions and dispute resolution. Works in close coordination with the Mumbai HO. |

### 5. Chennai

| | |
|---|---|
| **Address** | GF-A, 19 Casa Major Road, Egmore, Chennai – 600 008 |
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| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/chennai/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Full-fledged office with experienced legal team. Supported by Mumbai HO. |

### 6. Bengaluru (Bangalore)

| | |
|---|---|
| **Address** | INDIALAW LLP, No. 7 Chinnaswamy Mudaliar Road, Shivaji Nagar, Bangalore – 560 051 |
| **Phone** | [080-4167-2444](tel:08041672444) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/bengaluru/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate · Family Laws · Labour |
| **Notes** | Located near Bangalore High Court. Handles corporate, commercial, banking and matrimonial disputes. |

### 7. Hyderabad

| | |
|---|---|
| **Address** | 403, 4th Floor, Sanatana Ecstasy Building, beside Tanishq Show Room, Himayathnagar, Hyderabad – 500 029, Telangana |
| **Phone** | [040-6666-5166](tel:04066665166) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/hyderabad/ |
| **Practice focus** | Litigation · Banking · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Particularly well known for complex banking matters and real estate transactions. |

### 8. Cochin (Kochi)

| | |
|---|---|
| **Address** | Second Floor, Pulikkal Building, K.K. Padmanabhan Road, Ernakulam North – 682 018, Kerala |
| **Phone** | [0484-3583961](tel:04843583961) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/cochin/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Commercial disputes, property litigation, financial-claim arbitrations and real estate transactions. |

### 9. Noida (NCR)

| | |
|---|---|
| **Address** | No. 16 & 17, Silver Offices, 17th Floor, Wave One, Sector 18, Noida – 201 301 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/noida/ |
| **Practice focus** | Aviation · Insurance · Mergers & Acquisitions · Corporate |
| **Office head** | **Mr. Dinesh Gupta** (joined August 2025 to lead and expand the corporate practice) |
| **Notes** | Newest office. Sector-focused on highly regulated industries serving NCR-based clients. |

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## Quick-Dial Phone List

| Office | Phone |
|---|---|
| Mumbai HO (Apeejay) | 022-6924-7400 |
| Mumbai Excelsior | 022-697-40500 |
| Kolkata | +91 33 4813 1001 |
| Bengaluru | 080-4167-2444 |
| Hyderabad | 040-6666-5166 |
| Cochin | 0484-3583961 |
| **General / Marketing line** | **+91 836-9995919** |

Delhi, Chennai and Noida route through the general number.

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