Real Estate and Construction: Legal Advisory

Land in the Gelephu Mindfulness City is not bought off a listing. Land in GMC is made available on lease, with terms negotiated, and the contracts you build with sit under two new commercial statutes and a tax regime with its own withholding rule for property. Basnet Law Pte.

Advising investors on land and the lease arrangements available in GMC.

Advising foreign companies on their statutory power to hold immovable property in GMC once registered under the Companies Act 2025.

Drafting construction, design and supply contracts under GMC law, including materials supply under the Sale of Goods Act 2026.

Advising on liability allocation under the Unfair Contract Terms Act 2026, including the bar on excluding liability for death or personal injury caused by negligence.

Advising principals on their joint and several liability for the wages of contractors' and subcontractors' workmen under the Employment Act 2025.

Tax on property: rents and premiums as chargeable income under the Income Tax Act 2025, and the 15% withholding on real property disposals by non-residents.

Investors in GMC's priority industries seeking a site on lease. Developers and contractors building in Gelephu. Foreign companies acquiring property rights through a GMC branch or subsidiary. Non-resident owners disposing of GMC real property.