REAL ESTATE DEVELOPERS
Business Central for real estate developers, engineered from the ground up.
The Skolte Real Estate Extension turns Microsoft Dynamics 365 Business Central into a purpose-built platform for real estate developers — with jurisdiction-specific compliance, auditor-ready cost allocation, and multi-currency support built into every transaction.
THE PROBLEM
Real estate cost allocation is broken by default — across every jurisdiction.
A mid-size developer with three active projects and forty units per tower allocates construction costs manually. An accountant maintains a spreadsheet for each tower, splits costs by square footage, and reconciles against the accounting system at month-end. When the numbers do not tie — and they rarely do on the first pass — the team spends days tracing the variance.
Then the compliance pressure arrives. Whether it is state-level RERA filings in India, escrow regulations in the UAE, or Oqood and DLD reporting in Dubai — every jurisdiction demands a certified breakdown of collections, withdrawals, and construction progress. The data lives in three different systems, and the finance team assembles it manually every quarter.
Revenue recognition adds another layer. Applicable accounting standards — IFRS in the Middle East, Ind AS in India — require structured models for revenue from contracts, borrowing cost capitalisation, and inventory treatment. Most developers handle these through manual journal entries, with the posting logic living in the head of a senior accountant rather than in the system.
The result: quarterly fire drills, audit queries that take weeks to resolve, compliance risk that the promoter may not even be aware of, and a finance team that spends more time assembling data than analysing it. This is not a technology problem. It is a depth-of-implementation problem — and it is solvable.
OUR APPROACH
A proprietary extension, an industry playbook, and consultants who understand the business.
The Extension
A purpose-built Business Central extension that handles multi-level cost distribution, jurisdiction-specific compliance enforcement, and full audit trails. Not a workaround — native to the platform, designed for real estate.
The Playbook
An implementation methodology built from live engagements across the Middle East and India. Chart of accounts templates, distribution rule libraries, compliance checklists, and filing calendars — tailored to each jurisdiction's regulatory requirements.
The Team
Consultants who have implemented ERP for real estate developers and understand the business: unit booking flows, construction progress certification, escrow management, and RERA compliance cycles. They speak your language.
FEATURE BREAKDOWN
Core capabilities of the extension.
Built into the extension and available from day one. No add-ons, no third-party dependencies, no spreadsheet bridges. Book a call to see the full feature set running on sample data.
Multi-level cost hierarchy
Regulatory compliance engine
Full audit trail
Multi-currency support
Approval workflows
Multi-entity support
ENGAGEMENT MODEL
A phased rollout, scoped to your business.
Discovery
Assessment of your current systems, chart of accounts, project structures, and compliance requirements.
Blueprint
Functional specification: hierarchy mapping, distribution rules, compliance account structures, and migration plan.
Build
Extension configuration, data migration from legacy systems, report development, and integration.
UAT
User acceptance testing with your finance team. Real project data, real distribution scenarios.
Go-Live
Cutover execution, parallel run verification, user training, and production sign-off.
Hypercare
Dedicated support window post go-live. Issue resolution, performance tuning, and compliance support.
LICENSING
Licensed per-project or per-unit. Scaled to your portfolio.
Licensing includes the extension, jurisdiction-specific compliance configurations, and ongoing maintenance updates. Pricing is determined after the discovery phase, based on your project count, unit volume, and implementation scope.
FREQUENTLY ASKED QUESTIONS
Common questions about Business Central for real estate.
Does this replace Business Central, or sit on top of it?
The extension installs on top of a standard Business Central environment. You retain full access to standard BC functionality and the extension adds the real-estate-specific layers on top.
Can we migrate from Tally, SAP B1, or another system?
Yes. We have documented migration paths from Tally, SAP Business One, and other legacy platforms into Business Central with full reconciliation.
Which jurisdictions does the compliance engine support?
The extension handles multiple regulatory frameworks including Indian RERA variants, UAE escrow regulations, and other regional requirements. Contact us to discuss your specific regulatory environment.
Can it handle projects across multiple entities and regions?
Yes. The hierarchy supports multi-entity, multi-region operations. Each branch can have its own regulatory configuration, so projects in different entities, states, or countries coexist in the same environment.
How is it licensed and priced?
Licensing is scaled to your portfolio. Contact us for a pricing discussion based on your project count and scope.
NEXT STEP
Ready to see this running on your data?
Book a two-week discovery engagement. We will assess your current systems, map your project hierarchy, and deliver a detailed blueprint — whether you proceed with Skolte or not.