3Days Conference on Real Estate Laws – Combating Challenges Arising Out of Various Laws.



Chairman :

Rahul Hakani

Co-Chairman : Paras S. Savla
Convenors : Nihar Mankad, Ranit Basu, Keerthiga Sharma
Advisor : Pravin Veera


Chairman :

Heneel K Patel

Vice Chairman : Tejas J Parikh
Convenors : Arpita Gadhia, Deepak Shah
Advisor : Jayesh Gandhi 


Chairman :

CA Ashok Mehta

Vice Chairman : CA Abhitan Mehta
Convenors : CA Dinesh Poddar, CA Neelam Jadhav, CA Dharan Gandhi
Advisor : Shri K. Gopal, Advocate 

About the Conference: Real estate sector has seen a sea change in last few years. With various issues to grapple with, only those who are agile would survive. Agility comes from foreseeing the issues/hurdles that may come and proactively taking steps to mitigate risks. Today there are various issues in general laws, taxation laws, Accounting, Foreign Exchange Management, fund raising, project and fund management, etc. The Chamber of Tax Consultants in an attempt to provide holistic knowledge regarding structuring, compliance, taxation and other issues have designed a Programme for the benefit of its participants to stay ahead of time.

Day, Date
And Time


Day One – Saturday 11th November, 2017 From 9.30 a.m. to 6.00 p.m.
Day Two – Saturday 18th November, 2017 From 9.30 a.m. to 6.00 p.m.
Day Three – Saturday 25th November, 2017 From 9.30 a.m. to 6.00 p.m.

Who Should
: i) Builders, Contractors who are into construction business
ii) Land owners/Co-operative societies/Apartments etc. who wish to develop/redevelop their properties
iii) Stakeholders/Investors who may want to take decision whether to invest in real estate projects
iv) Flat owners/Individuals who wish to sell or buy properties
v) Professionals like Lawyers, Chartered Accountants and Consultants who want to advise their clients
Venue : Walchand Hirachand Hall, 4th Floor, Indian Merchant Chambers’, Churchgate Mumbai-400 020
Fees : A) EARLY BIRD - Registration
For Member ₹ 5500/ - + ₹ 990/- GST = ₹ 6490/-
For Non-Member ₹ 6,000/- + ₹ 1,080/- GST = ₹ 7,080/-
₹ 2,500/- + ₹ 450/- GST = ₹ 2,950/- for those attending day one only i.e., 11th Nov.
DAY ONE - Saturday , 11th November, 2017 - (9.30 a.m. to 6.00 p.m.)
    Inauguration Session By Hon'ble Shri Justice K.R.Shriram
Bombay High Court
Session 1 : History and Overview of Laws Relating to Real Estate (other than RERA) Shri Parimal Shroff, Advocate & Solicitor
Session 2 : Overview of RERA and Registration
Who should get registered, Why to get registered, How to get registered, Issues in registration, Registration and Role of Real Estate Agents, Model Agreement under RERA
Shri P.A. Jani,
Advocate & Solicitor
Session 3 : Rights, Duties and Obligations of Promoters and Allottees under RERA
Promotors a) Who are and would be Promotors
b) Rights of Promotors
c) Duties and Obligations of Promotors
d) Penalties and Punishment to Promotors
Allottees a) Who are and can be Allottees
b) Rights of Allottees
c) Duties and Obligations of Allottees
e) Role of Regulatory Authorities
Mr. Anil Harish, Advocate
Session 4 : Important Provisions of Maharashtra Stamp Act and Registration Act relating to Real Estate Transactions Shri Anup Shah,
Chartered Accountant
Session 5 : Imprisonment and Penalty under RERA
— Promoters, Realty Firms’ Directors, Partners and Officers, Allottees
Dr. Dilip K. Sheth,
Chartered Accountant
Session 6 : Drafting of Deeds and Documents relating to Real Estate Transactions, Agreement for Sale, Agreement for Development, Power of Attorney, Declaration, Deed of Indemnity, Conveyance, Importance of Title Investigation – Issues thereof, Steps to be taken to mitigate risks that may arise due to defecting title Shri Mahesh Shah,
Advocate & Solicitor
DAY TWO - Saturday , 18th November, 2017 - (9.30 a.m. to 6.00 p.m.)
Session 1 : Issues on Point of Taxation under Direct taxes
a) Transfer under general law vs Transfer u/s. 2(47)
b) Point of Taxation
c) Whether the decision in case of Chaturbhuj Dwarkadas 260 ITR 491 still a
good law?
Pradip Kapasi
Session 2 : Redevelopment / Joint Development – Builder/Developer perspective
a) Issues while structuring transactions. What would be the ideal structure?
b) Tax Implications on developers/contractors
c) Stamp duty value vs. Fair market value vs. Transaction value-43CA
d) Implications of Benami Transactions Act
CA. Jagdish Punjabi
Session 3 : Redevelopment / Joint Development – Landlord/Investor/society/buyer perspective
a) Tax Implications for landlords, societies, and members of society
b) What should be the ideal structure?
c) Stamp duty value vs. Fair market value vs. Transaction value
(Consideration and issues thereon in view of Section 50C, 43CA and 50D.)
CA Anil Sathe
Session 4 : Challenges in Revenue Recognition for real estate companies
a) Revenue from construction projects including composite contracts towards
parking, club house amenities etc.
b) Accounting of non-cash considerations
CA Zubin Billimoria
DAY THREE - Saturday , 25th November, 2017 - (9.30 a.m. to 6.00 p.m.)
Session 1 : — GST implication on construction and infrastructure industry and its issues
— GST implication to buyers of Property – Transition provisions
Mr. A . R. Krishnan
Session 2 : Benefits allowable under Direct tax laws
a) Exemptions and deductions allowable (e.g. Section 54, 54F, 54EC, etc.)
b) Issues in claiming such exemptions and deductions
c) Issues in Depreciable assets.
CA Mahendra Sanghvi
Session 3 : Project funding and accounting dilemma
a) Classification of Financial Assets and Financial Liabilities for real estate
b) Intra-group funding, Redeemable/Convertible instruments, funding instruments for SPV formed to managed real estate development
c) Recognising Financial Guarantee Obligations
d) Asset retirement obligations for real estate companies
CA. Shrenik Baid
Session 4 : Issues under FEMA CA Paresh P Shah.


Interested members may subscribe from the Chamber’s website : to make the payment online. Outstation members are requested to make the payment online or send DD/at par Cheque in favour of The Chamber of Tax Consultants.

Event Properties

Event date: 11-Nov-2017 9:30 am
Event End Date: 11-Nov-2017 6:00 pm
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