JSA Advocates & Solicitors (JSA) represented Sapthrishi Buildcon (part of the VVA Hotels group) in relation to its acquisition of the iconic AVM Studios property, a landmark 2.15-acre parcel located in the prime Saligramam locality of Chennai. The property was acquired from the family members of legendary film producer A.V. Meiyyapan. The total deal value is estimated at approximately ₹198 crores.
JSA conducted an extensive title due diligence exercise, including comprehensive litigation searches across relevant courts and registries. The Firm provided end-to-end support on the transaction, including structuring advice, drafting and negotiating transaction documentation, and seamless coordination through to successful closing.
This transaction further strengthens JSA’s market-leading real estate practice in South India and underscores its capability in handling high-value, complex acquisitions involving heritage properties in prime Chennai micro-markets.
The JSA team was led by Aravind Raj, Partner with support from Priyanka Ponna, Senior Associate andShreya Subramanian, Associate.