Sector overview
Real estate development involves complex joint venture structures, long-term project accounting, and regulatory compliance under RERA and GST. Key financial tasks include managing cash flows under RERA escrow accounts and structuring tax-efficient Joint Development Agreements (JDAs). We provide specialized audit services, project cash flow certifications, tax advisory, and RERA compliance support for developers, builders, and infrastructure contractors.
Common challenges
- Structuring JDAs to optimize income tax liability and capital gains taxes.
- Ensuring that 70% of project collections are utilized for construction costs under RERA.
- Managing GST liability on land transfers and construction contracts.
- Adhering to revenue recognition standards (IND AS 115) for real estate.
How we support this industry
- RERA Project Cost Certifications (Forms 1, 2, and 3).
- Tax structuring for Joint Development Agreements (JDAs).
- Statutory audits and revenue recognition audits.
- Representations during tax scrutiny of land development transactions.
