Avraham Babajanov & Co. Law Firm

Avraham Babajanov & Co., Law Firm is a leading boutique law specializing in urban renewal, redevelopment and real estate transactions.
The firm is headed by Adv. Avraham Babajanov, one of the pioneers of Israel’s urban renewal field, with 20 years of proven experience in facilitating complex projects and transactions. Adv. Babajanov has represented, in rezoning channels, 1,785 apartment owners in completed urban renewal projects, and he is accompanying 17,764 apartment owners in projects at the execution, permitting and planning stages. He leads a highly skilled team of lawyers distinguished by a broad legal perspective and deep understanding of the business and planning aspects of real estate.
The firm primarily represents apartment owners and entrepreneurs in the field of urban renewal, while also advising developers, buyers, sellers, purchasing groups, and investors in private, commercial, and public real estate transactions throughout Israel. Its extensive experience working with authorities, institutions, investors, and developers enables the firm to lead a wide range of real estate transactions, tailor a precise solution for each client, and ensure the full realization of their rights.
Adv. Avraham Babajanov works alongside a team of five lawyers, a residents’ relations manager and an office manager. The professional team provides each client with personal, attentive support, and is committed to the process and professional excellence, offering in-depth legal and planning analysis and tailoring focused solutions to each client’s unique needs. The firm’s team specializes in developing precise strategies, formulating solutions for complex problems and bridging gaps between stakeholders. The team members drive processes forward and deliver results through their deep familiarity and ability to negotiate and collaborate effectively with developers, banks, architects, appraisers, planning authorities, public entities, and other stakeholders.
The firm views every client as a journey partner, and is committed to building relationships based on availability, trust and transparency. The firm’s team provides close and personal support to every client and prompt responses to any question. The firm uses the “Get Status” system which enables apartment owners to access all of the relevant data directly and remain updated on the project’s progress. The team also maintains ongoing communication with the clients through a dedicated WhatsApp group.

The Firm’s Practice Areas

Urban Renewal – The firm’s team specializes in comprehensive and professional legal services for Pinui-Binui projects, drawing on extensive legal, planning and appraisal expertise, skilled management of negotiations, and the ability to navigate complex legal challenges. The team represents apartment owners and residents’ delegations in urban renewal proceedings, applying its mastery of the planning language, familiarity with the requirements of the various authorities, and ability to develop smart strategies, anticipate challenges in advance, manage sensitive multi-party processes (including legal actions involving dissenting residents), and guide projects through to completion. The firm accompanies apartment owners from the initial organizing stage, through negotiations with the developer, drafting a Pinui-Binui agreement, representation before planning and permits committees, formalizing and registering the rights in the Land Registrar, bank finance and up to the delivery of the new apartments to their owners. In the framework of facilitating the project, the firm’s team handles the planning and building proceedings and collaborates with planners and consultants, planning committees, and appeal committees, and handles administrative appeals.
Real Estate Transactions – the firm’s team represents private owners, developers, purchasing groups, and investors, in private, commercial, and public real estate transactions across Israel. The firm also handles the transactions’ bank finance and rights registration aspects.
Asset-Swap (“combination”) Transactions – our firm specializes in facilitating and representing in asset-swap transactions, providing a comprehensive legal umbrella from the economic feasibility review and up to the project’s completion and registration of rights.
We combine deep legal knowledge with broad commercial understanding, negotiate strategically, and draft precise legal mechanisms to ensure the full realization of rights, mitigate risks, and protect our clients’ interests throughout the lifecycle of each transaction.
Property Redevelopment – Our firm manages property redevelopment projects, including large and complex projects with numerous owners, starting from the initial stage of organizing the landowners, electing a delegation/steering committee, conducting a public tender for developers or independently advancing the planning proceedings in collaboration with consultants, drafting the contracts between landowners and developers, consultants and banks, and ongoing support for the landowners through to the project’s successful completion and the delivery of the keys.
Planning and Zoning – our firm also practices all aspects of planning and zoning: representing developers, landowners, and contractors in planning and rezoning proceedings, from the initiation stage up to the approval and execution of zoning plans, representation before planning committees of various levels (local, district and national), appeal committees and the courts on matters pertaining to the advancement of rezoning plans, including filing and appearing in objections and appeal proceedings and filing and representing in administrative actions related to such plans, representation in matters pertaining to betterment charges including representation before the betterment charges appeal committee, ruling appraisals and the courts.

Notable Projects

Populated Projects: 1-2 Highline, Ramat Gan; Lugano – Yahud; Neve Zedek Tower, Tel Aviv; Hatzerot HaMoshava – Rehovot.
Projects Under Construction: HaTe’ena – Kiryat Ono; Rahavat HaShaked – Kiryat Ono.
Projects at Permits and Planning Stages: Meshulash Shlavim, Yafo – Tel Aviv; Yitzhak Sadeh – HaPalmach – Tel Aviv; Shikun Tzva Keva – Tel Aviv; HaBosem, Tel Aviv; HaMa’avak Al Derech HaShalom – Tel Aviv; Shikun Darom – Herzliya; Shlomo HaMelech Complex 9 – Lod, “HaNarkis” – Bet Shemesh.