Tag «Pune developers»

Red Flag To 20:80 Schemes: Pune Developers React

Kishor Pate, CMD – Amit Enterprises Housing Ltd. The RBI’s latest suggested guideline to lending institutions with regards to the 20:80 and related schemes can prove to be yet another blow to the residential real estate industry. Many developers have been banking on funds generated by these schemes to complete and deliver their projects. This …

Pune developers – Budget Reactions

Kishor Pate, CMD – Amit Enterprises Housing Ltd: It was not an impressive budget, especially for real estate. While the additional income tax deduction of Rs.1 lakh for home loans up to Rs. 25 lakh taken by first-time home buyers is positive, the fact is that it will not benefit the growing middle-class who are …