Challenging Case Studies.
Real Estate Development can be called as Property development too & is one of the most globally recognized business sectors.
It includes following activities for personal housing & commercial sectors.
- Renovation of old Buildings as per present act & Re-lease / sale new extended Buildings as per present act.
- Demolish Old Buildings & Build New Buildings.
- Purchase Raw Lands & Sale of Developed Lands.
- Even some Developers carry on construction activity.
Developers orchestrate development activities from the beginning, scratch to end like imagine future market requirements, plan, buy land, finance real estate deals, build or have builders to build projects, financial / project development control , change as per current requirements during work in progress & handover keys to make customers pleased.
The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.
Real estate sector in India is expected to reach a market size of US$ US$ 1 trillion by 2030 from US$ 120 billion in 2018 and is expected to contribute 13 per cent of the country’s GDP by 2025 because of following advantages India.
Advantages in India for Real Estate or Property Developers and Construction Industry
But the industry is facing some problems like cash required by labour Cadre services as 25% is labour cost of total cost & environments aspects.
Presently the industry do not get decent margins, but after 1st April 2019 the profitability will increase as GST will be reduced to 5% & lowered down even to 1% for affordable houses and the per square foot rates are inclusive of GST
APMH brings along the Industry champions on the relationship side and the domain experts in tax and advisory on the services side.
We have been advising the companies in Real Estate with the Accounting, GST Advisory, GST legal periodic compliances, GST Audit, even in fund raising etc. more than 15 years.
APMH specialises also in fund raising advisory and in the Insolvency and Bankruptcy IBC code advisory for the real estate sector.
Please feel free to get in touch with us if you have any questions or would like more information on our services.