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India: Profitability of real estate sector to remain subdued

Posted on 29 November 2010

From Business-standard.com: Percentage completion rule to make its impact felt. Despite a tangible revival in demand in the real estate market, profitability of south-based real estate companies will remain subdued in the next quarter as under-construction projects will take some more time to be recognised in the balancesheet of these companies.
As per accounting principles, revenue of an under-construction project is reflected in the book of a company after a certain degree of completion of the project. Usually, most companies follow the 30 per cent completion trigger to calculate the revenue on their balance sheet…………………………………….Full Article: Source


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