Real Estate
Project-level accounting, RERA-aligned reporting, GST on construction and joint development structures for developers and investors.
Real estate is the sector where the accounting policy, the tax position and the regulatory reporting are most likely to be built on the same underlying facts and still disagree. A project's revenue recognition, its indirect tax treatment and its RERA-aligned reporting must be reconcilable to each other at any point in the project life.
Where we help
- GST on construction and JDA transactions
- Project cash flow and lender reporting
- Capital gains planning on land transactions
- Revenue recognition for projects
What actually comes up in this sector
Indirect tax on construction and development
The treatment differs by the nature of the project, the stage at which consideration is received and the structure through which development occurs. Positions taken at launch govern the entire project, so they merit a written analysis before the first booking rather than after.
Joint development arrangements
A JDA creates transfer, consideration and timing questions under both the direct and indirect tax regimes, and the answers depend closely on the drafting. We prefer to read the agreement before it is executed; reading it afterwards limits us to describing the consequences.
Revenue recognition and project reporting
Which policy applies, when revenue is recognised, how project cost is estimated and revised, and how that reconciles to the reporting a regulator or a lender receives. Consistency across those audiences is what withstands scrutiny.
Capital gains on land and development rights
Timing of transfer, the treatment of development rights, the availability of rollover reliefs and the interaction with business income where the holding is not investment. Landowners entering a development arrangement frequently discover the tax event occurred earlier than they assumed.
How the engagement runs
Understand
A scoping discussion with a partner covering the facts of your business, the records that already exist and the positions previously taken.
Agree
Written scope and fee, a document checklist and a named team member responsible for the sector work.
Deliver
Execution against tracked deadlines with partner review, and working papers retained for every position taken.
Stand behind
If a filing or position is later questioned, the same team that made it defends it.
Questions we are asked
Can you review a joint development agreement before signing?
Yes, and this is the point at which our involvement is most useful. We comment on the tax and indirect-tax consequences of the drafting; legal drafting itself is for your advocate, with whom we coordinate.
Do you handle project-level accounting for developers?
Yes, including project-wise cost capture, estimated cost revision, and reporting packs for lenders and regulatory filings.
Frequently paired services
Talk to the sector team
Describe your business in one call — we will map the compliance and advisory picture end to end.
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