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Advisory, Tax
and Regulatory
Services
kpmg.com/in
Overview
The Real Estate Sector is of prime importance to our country,
particularly because of its significant contribution to the GDP and
generating employment opportunities. Further, it also supports
various main stream industries such as cement, steel, etc. More
so, it satisfies one of the primary needs (i.e. the one of ‘shelter’)
of mankind. The above factors certainly demand a preferential
treatment and attention to the sector.
© 2010 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
• Fund Strategy: Help Real Estate focused Funds in • Suggesting reorganisation of the Indian Investee
developing their go-to-market strategy. Also, assist company/group re-organisation for effective value capture
the Funds in investor presentations, private placement
• Addressing issues relating to protection of treaty benefits
memorandums, etc.
for overseas investors and addressing Permanent
• Location Assessment: Rate, Rank and Recommend prime Establishment/Place of Management exposure, if any
locations based on our discussions and understanding of
• Identifying and evaluating alternate tax and regulatory
the overall business strategy, critical skill sets, regional
efficient options for investing in the project entities
preference, etc.
• Tax health check-up advisory services
• IPO planning/land bank planning advisory services
Transaction Services
• Tax due diligence services
• Providing buy side due diligence for potential investors,
acquirers, co-ventures • Tax service offerings for investing in or divesting from the
Real Estate projects
• Providing sell side assistance and vendor due diligence in
connection with proposed disposals/hive offs of assets/ • Other tax and regulatory advisory services.
SPV’s.
© 2010 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Investment phase
Our service offerings in the investment phase would • Margin management by adopting appropriate cost
encompass the following: management and planning process augmentation
Financial Advisory and Valuation Advisory Services • Project monitoring to enable management/investors to
achieve overall project objectives
• Financial Advisory services
• Internal audit services to provide management/board
- Financial advisory services to Real Estate developers
assurance on internal control.
for raising Private Equity (at entity level, portfolio level
and SPV’s/project level) including structured financing
through promote mechanisms
Accounting Advisory Services
- Joint Venture/Mergers and Acquisition opportunities for
• Assessment according to global investment and helping
developers towards projects level SPV’s/specific asset
to set the performance standards (GIPS) by leveraging our
classes and at the entity level
global network of member firms
• Valuation Advisory services
• Coordination of global property assessments and
- Portfolio valuation for Real Estate Funds/investments benchmarking with the peer group
- Valuation for strategic purposes including Fund raising, • Support in transformation into IFRS
joint ventures etc.
• Assessment of risk management systems and assess the
- Project level/entity level valuations robustness of internal reporting systems
- Regulatory valuation for inbound investments. • Exit/IPO planning and/or strategic consolidation/re-
organisation of portfolios.
© 2010 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
• Assistance in regulatory compliance, including sector- • Evaluating various structuring options to ensure reduction
specific regulatory requirements, anti-bribery and in overall indirect tax costs, streamlining credits without
corruption compliance and compliance with social and compromising the commercial imperatives
environmental norms
• Providing interface with the local tax authorities across
• Assistance in conducting background checks and integrity India through a network of in-house team members and
due diligence for a target for Mergers and Acquisition, a professionals
new vendor and prospective employees.
• Developing policies, formulating tax manuals and
procedures for key tax functions
Tax and Regulatory Services • Conducting strategic review of in-house tax functions/
select projects to ensure efficient compliance with
• Review/structuring of contracts to be entered by
applicable laws
builder/developer with landowner, development / joint
development right agreements from tax and regulatory • Strengthening management monitoring system and
perspective designing of MIS frameworks from a tax and regulatory
perspective
• Evaluating arrangement with contractors and sub-
contractors to streamline multiple tax levies • Advising on potential impact of the DTC and GST on the
business and planning for the same
• Preparation/validation of pricing models for various
options under consideration (plotting projected values in • Providing on-going tax advisory and compliance services.
procurement and supply chain along with applicable taxes
and assumptions)
• Advising on eligibility/planning to avail tax incentives
available under the Indian tax regulations
• Advisory on possible exit strategies and assistance in
implementation of the selected strategy
• Transfer Pricing benchmarking study in respect of
international transactions entered into between
associated enterprises
• Assistance in respect of preparation/filing of various
tax returns (including Indian returns of foreign entities),
ascertaining periodic tax liability (such as advance tax, VAT
and CST payables, etc.) and other regular compliances
• Review of procurement strategy to balance indirect
taxes (local/inter-state procurements, offshore supplies/
services, sub-contracting arrangements)
• Classification, applicable rates and valuation for key
products/services along with available exemptions/
concessions, operation modalities and documentation trail
© 2010 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Contact us
Vikram Utamsingh
Head - Markets
T: + 91 (22) 3090 2320
E: vutamsingh@kpmg.com
Girish Vanvari
Executive Director
T: + 91 (22) 3090 1910
E: gvanvari@kpmg.com
kpmg.com/in
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or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information
is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information
without appropriate professional advice after a thorough examination of the particular situation.
© 2010 KPMG, an Indian Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. KPMG and the KPMG logo are registered
trademarks of KPMG International Cooperative (“KPMG International”), a Swiss entity. The KPMG name, logo and “cutting through
complexity” are registered trademarks or trademarks of KPMG International. Printed in India.