Tailored technical forums
In our endeavor to share knowledge, stay engaged and to support the corporate world to maximize their profits and achieve their objective, we have taken a leap forward and launched 'The Next Curve' initiative - a series of knowledge sharing sessions.
This initiative is designed with a perspective to share knowledge and keep our clients and stakeholders updated with the most recent developments in the business and tax and regulatory space. The launch series under the next curve were successfully concluded on the theme 'Cross Border Mergers' and 'Deal Dynamics - Real estate skying high', which was well received by business in the 6 leading cities, namely Mumbai, Delhi, Bangalore, Pune, Ahmedabad and Hyderabad.
Motivated by the promising delegate feedback, we intend to launch similar knowledge sessions in coming months. Stay tuned for the latest updates.
Riding on the back of the strong overall economic growth that India is witnessing, the real estate sector is poised for unprecedented growth. Studies expect the market size to be 1 trillion USD by 2030 (from the 2017 levels of 120 billion USD), contributing 13% to the country’s GDP by 2025! Unparalleled economic development combined with the government’s ambition to provide housing to all are strong signals of renewed focus, which will attract attention, investments and transactions from investors on a global platform.
There has been select activity in micro markets and in smaller metros in the real estate sector. While RERA, GST, affordable housing and other incentives have given the industry a pause to reconsider their business models, one would expect government intervention for giving the necessary push to attain growth in order to boost M&A activities in the sector.
Introduction of RERA, revenue recognition under Ind AS, complexity under GST, taxability of income from leasing of properties and other changes are keeping real estate entities on their toes. Each change has manifold impact on the entity requiring review of business models, entity structuring, optimisation of operations, cash flows planning, fund raising etc.
National Leader, M&A Tax, PwC India
Tel: +91 22 6689 1255
Partner, M&A Tax (North), PwC India
Tel: +91 124 330 6018
Partner, M&A Tax (South), PwC India
Tel: +91 80 4079 6008