Sector Experience

Real Estate & Infrastructure

Specialized assurance, RERA escrow monitoring, and project taxation advisory for builders, developers, and infrastructure contractors.

Real Estate & Infrastructure

Specialized assurance, RERA escrow monitoring, and project taxation advisory for builders, developers, and infrastructure contractors.

Ind AS 115 Revenue Recognition RERA Escrow & Form 3 Certifications JDA & TDR Tax Structuring Project-Level Cost Audits

How We Add Value

Real estate projects involve multi-year capital cycles, complex Joint Development Agreements (JDA), strict RERA escrow regulations, and intricate revenue recognition under Ind AS 115. We bring deep sector experience to keep projects compliant and tax-efficient.

Sector Diagnostics

Operational Challenges & Practical Solutions

Operating Reality

Revenue Recognition & Percentage of Completion

Operational Context: Determining performance obligations, customer contracts, milestone billing, and POCM percentage under Ind AS 115 and the Guidance Note on Real Estate Accounting.

VNSCA Approach: Designing rigorous project-wise cost-to-complete models, validating construction cost certifications, and aligning milestone revenues with audited books.

Operating Reality

RERA Escrow Account & Form 3 Certifications

Operational Context: Mandatory maintenance of 70% project collections in a designated escrow account, strict withdrawal rules based on architect, engineer, and CA certificates.

VNSCA Approach: Executing periodic RERA compliance audits, verifying cost ratios, and issuing Form 3 withdrawal certificates backed by comprehensive voucher trails.

Operating Reality

JDA, TDR & Section 45(5A) Tax Structuring

Operational Context: Timing of capital gains tax under Section 45(5A) upon issuance of completion certificate, GST liability on development rights (TDR/FSI), and reverse charge mechanisms.

VNSCA Approach: Analyzing Joint Development Agreements for optimal tax timing, computing GST reverse charge obligations, and safeguarding against premature tax liabilities.

Project-Based Accounting Rigor

Real estate developers cannot rely on standard corporate accounting. Each project functions as an independent profit center requiring dedicated cost accumulation, interest capitalization under AS 16, and contractor reconciliation.

Regulatory Alignment Across RERA, MCA & Tax

Data reported on RERA portals, statutory balance sheets, and GST returns must remain completely synchronized to prevent scrutiny flags and regulatory investigations.

Consult a Partner

Discuss your real estate & infrastructure requirements

We can help you determine whether this engagement requires recurring statutory support, an internal control diagnostic, or a structured advisory intervention.

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