REAL ESTATE | MANGALORE
Cost Accounting & Project MIS
A real estate developer in Mangalore was running multiple projects but had no clear view of project-wise profitability. Lekachaara helped them bring structure to cost accounting and project MIS so they could see which projects were truly creating value.
The Challenge & Our Fix
The Struggle
The Lekachaara Fix
The developer had several projects at different stages, but the numbers were all blended.
We introduced structured cost accounting and project MIS for the portfolio.
- No clear project-wise costing or margin view
- Land, construction and overhead costs mixed across projects
- Difficult to compare performance between projects
- Decisions driven by cash in the bank, not by project profitability
- Segregated costs by project and by stage (land, approvals, construction, marketing)
- Set up project-wise P&L views and dashboards
- Created a simple monthly project review rhythm
- Highlighted projects with margin pressure early for corrective action
Management could not confidently say which projects were truly profitable and which were just consuming capital.
The focus shifted from just ‘moving projects forward’ to ‘moving the right projects forward at the right margin’.
Results & Impact
With structured project MIS, the developer finally had a clear view of where value was being created.
- Clear visibility of profitability by project and stage
- Better decisions on where to allocate capital and focus
- Early identification of projects with margin risk
- Stronger conversations with investors and lenders
“Earlier, we were busy building but not sure where we were really making money. Now our project MIS tells us exactly which projects deserve more capital.”