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Construction & Real Estate

Construction Real Estate

Real Estate & Construction Financial Regulations

The Construction and Real Estate sector encompasses residential property developers, commercial infrastructure projects, and civil engineering contractors operating on long-term project lifecycles.

This industry operates under distinct regulatory mechanisms including mandatory RERA escrow bank account compliance, Percentage-of-Completion revenue recognition standards (AS-7 / Ind AS 115), complex GST works contract tax structures, and multi-tier sub-contractor TDS provisions under Sections 194C and 194Q.

Industry Challenges

Industry Regulatory & Compliance Challenges

Navigating critical statutory bottlenecks, complex tax frameworks, and operational governance hurdles across the sector.

RERA Financial Accountability & Escrow Rules

Managing mandatory 70 percent project fund escrow withdrawals, periodic chartered engineer certifications, and RERA audit disclosures.

Works Contract GST & Composite Rates

Applying accurate GST classifications and tax rates across composite works contracts, sub-contractor billings, and reverse charge mechanisms.

Percentage-of-Completion Recognition (AS-7)

Tracking long-term project revenue recognition, escalation claims, unbilled work-in-progress, and site-level inventory controls.

Our Standard Client Engagement Process

A standardized 4-step framework applied across all industry verticals to ensure statutory compliance.

Step 01

Initial Gap Analysis

Review of existing accounting records, previous filings, and statutory registries to identify pending compliance gaps.

Step 02

System Alignment

Setting up structured internal control mechanisms, TDS withholding charts, and automated GST ledger reconciliations.

Step 03

Periodical Execution

Timely execution of monthly and quarterly statutory obligations, including tax remittances, returns, and welfare submissions.

Step 04

Annual Audit & Closure

Finalizing annual balance sheets, executing statutory tax audits, and submitting statutory returns to MCA/Income Tax authorities.

Require Assistance with Regulatory Compliance?

Submit your inquiry or connect directly with our professional engagement team.