Indian real estate companies to face problems
According to Ernst &Young research report, Indian real estate companies are experiencing technical glitches as they move in new accounting standards. “Multiple sectors, including real estate need to address certain challenges stemming from the adoption of the new accounting standard under the Ind-AS framework. Apart from certain aspects relating to GAAP differences, financial instrument and consolidation standards are likely to pose higher challenges for real estate companies,” said Jigar Parikh, Partner in Indian member firm of EY Global.
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