New accounting norms likely to turn tough for realty cos
Real Estate

New accounting norms likely to turn tough for realty cos

The revised guidelines on accounting for real estate com­panies proposed by the Institute of Chartered Accountants in India (ICAI) will ensure consistency in revenue reporting. But, experts say that this could make the already challenging real estate environment tougher for developers. The new guidelines will ensure a fair degree of clarity in reporting. There will be parity amongst all real estate developers and a standardised reporting structure will make comparison easier for both investors and customers.

Contact: Institute of Chartered Accountants in India.
Tel: 011-3989 3989.
E-mail icaiho@icai.org
Website: www.icai.org

The revised guidelines on accounting for real estate com­panies proposed by the Institute of Chartered Accountants in India (ICAI) will ensure consistency in revenue reporting. But, experts say that this could make the already challenging real estate environment tougher for developers. The new guidelines will ensure a fair degree of clarity in reporting. There will be parity amongst all real estate developers and a standardised reporting structure will make comparison easier for both investors and customers.Contact: Institute of Chartered Accountants in India.Tel: 011-3989 3989. E-mail icaiho@icai.orgWebsite: www.icai.org

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