India in the last few years has witnessed a spate of high profile transactions, that coupled with various reforms undertaken by the government to provide the required impetus to the evolving sectors. Infrastructure and real estate are the two most critical sectors, which are the growth drivers of every developing economy. India's real estate sector is undergoing a major overhaul, with Government paving the path for real estate investment trusts (REITs)/infrastructure investment trusts (InvITs), and now with the introduction on RERA there is no looking back. These reforms and regulatory developments have provided the much needed boost to the RE sector and we have witnessed that the transactions have started picking up pace in recent times. The sector enjoys attention from both Indian and Overseas investors.
Given the complexity of the Tax and regulatory environment in India, implications of the transaction structure adhered to may prove to be either dealmakers or deal-breakers. Against this backdrop, CII and PwC have come up with the report on "Transactions in Real Estate" that highlights various tax and regulatory aspects needed to be considered while entering into transactions in the real estate sector. The report was released at the CII Mergers Acquisitions and Restructuring Summit 2017 on 14 July 2017 at Mumbai.