Tag «React»

Developers React To Union Budget 2016-17

Kishor Pate, CMD – Amit Enterprises Housing Ltd. This Budget could have done a lot more for the real estate sector. However, there were some positives. The fact that the annual housing rent reduction limit has been increased from Rs. 24000 to Rs. 60000 could lead to an almost immediate uplift for rental housing across …

Developers React To RBI’s Repo Rate Cut

Kishor Pate, CMD – Amit Enterprises Housing Ltd.   The RBI’s big repo rate cut is encouraging, but definitely not a game-changer as yet. The cut in repo rate is magnanimous and bigger than expected, and surely make a difference in sentiment. However, there is invariably a lag between the directives given by the RBI …

Arabian Anti-Piracy Alliance named as REACT partner for the GCC

Strategic new partnership to reinforce efforts in globally battling piracy and the proliferation of counterfeit products     [UAE, May 12, 2015] – REACT, an international not-for-profit cooperative association fighting the trade in counterfeit goods, has named the Arabian Anti-Piracy Alliance (AAA) as its strategic partner in the GCC in the efforts to combat piracy …

Developers React To Budget 2014

Kishor Pate, CMD – Amit Enterprises Housing Ltd.:  The reduction of personal income tax ceiling and the raising of home loan interest deduction will definitely increase demand for homes in cities like Pune. True to his promises, the Finance Minister has made singificant allocations towards infrastructure projects in the country. The allocation of Rs. 37,850 …

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 …