ABS & Co advised the Ravi Urban Development Authority in connection with the structuring and drafting of two hybrid inventory and sale-proceeds sharing joint venture arrangements entered into with Green Burg (Private) Limited and Greenland City Developer (Private) Limited for the implementation of large-scale urban development projects within RUDA’s notified jurisdiction. The transactions form part of RUDA’s broader strategy to implement master-planned housing schemes through structured private-sector participation under the RUDA Joint Venture Regulations, 2025.
The mandate involved structuring the revenue-sharing development frameworks under which the private development partners were responsible for procuring and transferring the project land in favour of RUDA as a condition precedent to commencement of the projects.
A central commercial feature of both transactions was the adoption of a controlled revenue-sharing structure supported through escrow-based collection mechanisms, ensuring transparency of project cashflows and alignment between development progress and entitlement of the respective parties. The agreements were designed to preserve RUDA’s institutional control over planning approvals, development, infrastructure provisioning, and issuance of allotment instruments to end purchasers.
The transactions incorporated phased land transfer obligations together with a hybrid inventory and sale-proceeds sharing structure designed to provide commercial flexibility to the parties while ensuring that implementation progressed against agreed timelines and preserving RUDA’s planning control and statutory position. From a structuring perspective, the joint venture arrangements also incorporated contractual safeguards addressing implementation risk, discipline in inventory and sale-proceeds distribution, and structured termination consequences in the event of non-fulfilment of key development obligations, ensuring continuity of project and alignment with the applicable regulatory framework.
ABS & Co advised RUDA on the structuring and drafting of both joint venture arrangements, with particular focus on aligning the commercial framework with RUDA’s statutory mandate and applicable planning controls. The matter was led by Partner Bakhtawar Bilal Soofi, with support from Associates Ahmed Shahani and Zain Kashif.
