property & wealth jan issue

FINANCIAL RESOLUTIONSTO KEEP YOU

AHEAD IN2012

10

08

11BRICKS

1213

14

Accord Corporate Square Aero HomesAnsal API Golf Links - IIATS Golf MeadowsBestech SquareDLF Hyde Park Estate

Keep your finances on track and stay out of debt in an year of economic uncertainties.

DLF Valley PanchkulaIREO Five RiverIREO Rise & HamletMultitech Tower 2Ojas Grand, ZirakpurRKM City

Savitry GreensSushma Chandigarh GrandeSushma Green VistaUnitech Uniworld CityWave EstateWWICS Imperial Heights

CHANDIGARH CAPITAL REGION

1516

17

Ansal Heights 2Emaar MGF Palm GardensIndia Bulls EnigmaJaypee Greens KassiaJaypee Greens, Garden Isles TowersM3M Merlin

Paras TiereaRamaprastha CitySCC HeightsSpaze PrivvyUniversal AuraVipul Gardens

Alpha International City Ansal API Green EscapeDLF GalleriaDLF Park Place JalandharIreo Water FrontUni Homes Ambala

DELHI NCR

PUNJAB / HARYANA

REAL ESTATE PROJECTS

18Amravati HillsPine Wood ResortsDLF SamataraDLF SamavanaHill FarmsPine Wood Cottages

HIMACHAL

Publisher & Editor-in-ChiefJasmeet [email protected]

Editor Pankaj Sharma [email protected]

Feature Writers Priya Ghai, K.Singh, Rupinder, PD, Sheetal Singh

Art Director Rajesh Kumar

Graphics TeamBhupinder, Gagan, Sanju

Advertisement & SalesSandeep Kapoor, (M) 9818510511, [email protected]

Sales & SubscriptionMr. Ajay Gupta(M) 9216841278

Photography Rohit Bhatia

Pre Press Team: NBC, GopalProduction Team: Upinder, Vikas, Vijay

Advisory BoardHarpreet Pooja & Associates, Architects Rajiv Gupta & Associates, Chartered Accountant Vikas Chatrath, Advocate

Published, Owned and Printed by Sh. Jasmeet Singh at Plot No. 437-A, Industrial & Business Park, Phase - II, ChandigarhPrinted at M/s Savitaar Press, Plot No. 820-21, Industrial Area Phase - II, Chandigarh

CONTRIBUTORS AND

ASSOCIATES

contentsJanuary 2012 COVER STORY

10 Financial Resolutions to Keep You Ahead in 2012

[email protected]

Design & Print Production

25CEMENT

The World’s Greatest Real Estate Investor 26

The Empire State Building 28

Know your HOME LOANS 30

7 Things to Consider While Taking a Home Loan 32

The Prosperity Seekers 34

2011 The Year of Indian Realty Revolution 36

The Laws of Money 38

Soft Corner 40

19SAND

REAL ESTATE & INFRASTRUCTURE NEWS

PROFESSIONAL KNOWLEDGE & MOTIVATION

“Money makes the mare go” they say and making

(and sticking to!) sound financial plans can go a

long way in solving life’s problems. The 10 Financial

Resolutions we’ve listed in the Cover Story this

month are common tidbits of advice you’ve probably

come across very often. You see, we didn’t spend

time trying to make up fancy resolutions for you

to keep. Since what really works everytime when it

comes to finance is more often than not - sticking to

the basics!

There was a time when Prannoy Roy’s “The World

This Week” used to be a major draw on T.V. but

thanks to the internet, it seems like we’re now forever

plugged into “The World This Milli-Second”. And

when it comes to putting together some interesting

stuff on international landmarks and distinguished

realtors for our readers, P&W isn’t doing too badly,

thank you. In this issue, find out how the Empire

State Building in New York, also hailed as the 8th

wonder of the world not too long ago, was in fact the

result of American envy. And have you heard about

the Company which now owns King of Pop, Michael

Jackson’s Neverland?

about this issue

FINANCIAL RESOLUTIONSTO KEEP YOU

AHEAD IN2012

10

Pankaj SharmaEditor

20

21

22

23

regional

Delhi Tops India Livability Index

Property Prices May Revise Soon

RTI Uncovers Benami Properties in HP

Pay More for Power in Tricity

Projects Worth Rs 450cr for Sonepat

Himalayan Ski Village

national

Realty Stocks in 2012

Mahindra Holidays buys Property in Goa

50 Hilton Hotels in India in 5 Years

Infrastructure Debt Fund

Dipping Office Space Demand

DDA Could Go

international

Russian Tycoon’s $1 billion Investment in US Realty

New World Trade Center

World’s Richest Cat

Singapore Levies Extra Stamp Duty

Australian Residential Property Market

Canadian Builders to Plan for Retirement Years

eye-catchers

Burj Khalifa the Real Star of ‘Ghost Protocol’

‘Twilight’ Home for Sale

editorial

Property & Wealth wishes all its readers a very Happy &

Prosperous New Year. A leap year, 2012 has 366 days in store for

us. 366 days of sunshine, rain or snow. Days of joy and sorrow,

celebration and mourning, victory and defeat. Like any other year

we’ve known. Make the most of 2012.

An ancient calendar of the Mayan people of Central America, the

Book of Changes or I Ching in Chinese, the Holy Bible and the

most revered seer in the world – Nostradamus. Stirring, ominous

predictions made by these entities regarding a date which stares

back at us from the last month of the New Year calendar. Friday

the 21st of Dec, 2012 might eventually end up like the Y2K scare

did a few years ago, but be prepared to bear the onslaught of

increasing hype on the same as the date draws closer.

The Prosperity Seekers. The latest additon to Cement Section

brings forth an interesting approach to the whole idea of prosperity.

It is based on the Law of Attraction, an intriguing concept which

states simply that “you attract into your life whatever you are

thinking about”. True seekers of prosperity cannot ignore the

importance of a resourceful mind and a healthy body in their

quest for a healthy bank balance! Expect to find a mix of all three

desires in this cocktail feature of P&W.

366 Days

Jasmeet Dhamija Editor-in-Chief

[email protected]

A PG in Mass Communication, Jasmeet is heading

one of the most reputed publishing units in

Chandigarh for the past 12 years. He’ s worked for

a leading national daily in the past followed by a

successful stint with a leading national publication

as Chief Editor. The journalism bug never left him

and his keen interest in property business resulted

in the formation of this magazine.

goes interactive www.facebook.com/propertyandwealth

The age-old tradition of making New Year resolutions is

something the Romans started way back in 153 B.C.

when they placed Janus, a mythical king of early Rome,

at the head of the calendar. They named the first month

of the year after Janus, the god of beginnings and the

guardian of doors and entrances who was always depicted

with two faces, one on the front of his head and one on

the back. Thus he could look backward and forward at

the same time. At midnight on December 31, the Romans

imagined Janus looking back at the old year and forward

to the new.

Well, the Romans are no longer around now and for most

of us who’ve just stepped into 2012, there’s a lot more

to worry about. At the recently held fourth annual CFA

Institute European Investment Conference in Paris, former

chief economist at the International Monetary Fund, Simon

Johnson said, “We are now looking straight into the face

of a great depression.” Mainstream economists predict a

profoundly negative economic, political and social outlook

for 2012 and according to some, we’re headed towards

a steeper decline than what was experienced during the

Great Recession of 2008 – 2009.

Adding to the

gloom is the great

deal of attention

that a certain date

in the calendar has

sought. 21 Dec

2012 . Also known

as Doomsday. All

the hullabullo

about the Mayan

calendar ending in

2012, predictions

from religious

books and made by people from different ages. Scary

concepts such as reversal of magnetic poles, an obscure

planet colliding with the earth and entering of intense rays

through black hole around the same time, also abound.

To make matters worse, an internet technology called the

Webbots Project has moved apocalyptic prophecy into

the internet age, predicting that the world will end on 21

December 2012. “What a New Year!”, one would say.

“And how does one plan for a year which is prophesied to

end with the end of the world?”

Cover Story

Be always at war with your vices, at peace with your neighbors, and let each new year find you a better man.

Benjamin Franklin

10 Financial Resolutions to Keep You Ahead in 2012

PROPERTY & WEALTH-JANUARY 2012, VOL 1, ISSUE 508

The usual new year resolutions of shedding weight or

giving up smoking will always be made. How about

making some financial resolutions this year? No matter

what the experts would call it, 2012 is another year we’re

going to add to our CV while on earth. So, putting aside

all predictions and theories about the end of the world,

let’s see how we could be a little more financially secure,

while we’re around!

RESOLUTION 1 Clear Financial Objective

Get started by defining a clear and concise financial goal

for the year. A realistic goal would take into account your

current income, savings and measurable growth prospects.

If Nostradamus could make all those predictions about

how the world is going to be, you could at least be able

to ascertain the amount you would have left in your bank

accounts by the end of the year!

VOL 1, ISSUE 5, PROPERTY & WEALTH-JANUARY 2012 09

You will be surprised by the amount some hollow pigs made of mud can save for you over a period of just one year

RESOLUTION 2 Debt Prioritization

Somebody said that “Debt is the slavery of the free”. In

these times, however, it is difficult to imagine zero debt.

Make a list of all your liabilities, organising them by annual

interest rate. Try and pay off those loans with the highest

rates. It would even be wiser to to sell off assets like saving

bonds etc. yielding lower rates of interest, if required. Not

being able to use the credit card judiciously is the perfect

recipe for disaster.

RESOLUTION 3: Retirement Plan

If you’ve been putting off today what you can’t afford to

do tomorrow, its time to correct that. In spite of a growing

acceptance that we must plan and save for our retirement

and the worldwide pension crisis, a majority of the people

miss out on proper planning for a happy retired life. Time

flies quickly and those who fail to plan, have actually

planned to fail. Retirement planning is best done while

young.

RESOLUTION 4 The Magic of Small Savings

Traditional savings methods like post office accounts

and recurring deposits in the bank in your locality are

unbeatable tools to keep you in the savings habit. The

value created through such means might be low, but is

always certain.

RESOLUTION 5 Restrict Number of Accounts

Opening multiple accounts in various banks and financial

institutions only leads to chaos. Moreover, they charge

fees for everything under the sun. Go through all the

plastic cards invading your wallet, see if you can minimise

them. In most cases, some accounts are even forgotten

soon after opening.

RESOLUTION 6 Earn From What You Love Doing

This would be the most important resolution you could

make this year. Identifying what you’re passionate about

doing and turning that into a career option is about the

best way to earn money. The trick lies in turning your

passions and hobbies into profit. There’s no dearth of

amazing jobs such and the world will always need full-

time ice cream tasters and video game testers!

RESOLUTION 7 Piggy-Bank

Remember the innocuous but cute piggy bank your

parents bought for you? Bring home one to drop all the

coins you bring home at the end of the day. You will be

surprised by the amount some hollow pigs made of mud

can save for you over a period of just one year. That money

can go into your electricity and telephone bills. Stay clear

of credit cards for those expenses.

RESOLUTION 8 Pass it On

Some of the most wealthy people in the world have

propounded the power of generosity. If you can do

something worthwhile for the less fortunate for say 5% of

your income, you’re doing yourself a good turn. Not only

are we able to change other people’s lives for the better,

a better sense of financial freedom too prevails in us this

way.

RESOLUTION 9 Use Your Home PC

A lot of personal finance software is currently available for

use. They’re simple to use and very effective to monitor

income and expenditure. Housewives can start keeping

track of daily expenses on the omnipresent MS Excel

instead of notebooks and know the difference. Even

children can be taught to maintain a record of sundry

expenses. Frugality is a discipline and it pays to learn

early.

RESOLUTION 10 A Good Book Every Month

There are books for learning how to cook, how to fix your

computer and how to play football. The printed word

allows us to communicate directly with the most brilliant

financial minds the world has seen. They say ideas live

on and if you can pick just one brilliant financial idea per

month from all you read, its certainly worth it.


Cover Story

BRICKS = REAL ESTATE PROJECTSThe first requirement of building a wall is to get bricks and the first requirement of dealing in property is to know about the Real Estate

projects undertaken by various developers across the country.

Location: Township Derra Bassi, 12 kms from Chandigarh.Highlights: 300 acre integrated township Club with swimming pool, squash court,indoor sports, basket ball. Spacious Apartments with abundant parkingOptions: 3BHK, 4BHK, Penhouse.Villas, Plots

ATS Golf Meadows

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 66, MohaliHighlights: Mixed Use Residential, Office, mall & 5 star Hotel SiteOptions: 2BHK, 3BHK Residential Apartments,Office Space, Mall Space

Bestech Square

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Disclaimer Features, information & Budget Planner given above are indicative only. Please contact respective builder for more specific

& accurate information. Property & Wealth is not responsible for any decisions taken through use of above information.


Location: Sector 116, Greater Mohali Kharar - Landran Road.Highlights: IT & Institutional set ups nearby. Golf Course &Ansal Plaza coming up in vicinity.Options: Independent Floors, Plots, SCO’s

Ansal API Golf Links - II

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200


Location: Gazipur, near proposed Golf Course, ZirakpurHighlights: Keyless biometric entry, every flat is corner & facingpark, hi-tech securityOptions: 3BHK only

Aero Homes

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sohana-Landran Road, Sector 90, MohaliHighlights: IT/ITES office spaces, roof top garden, 100% power backup, 24X7 hi tech secutiry. Invest 23 lakhs & get 23000- per month.

Accord Corporate Square

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: DLF New Chandigarh, Mullanpur, PunjabHighlights: Punjab’s First Eco Town, Foothill of Shiwaliks, Club House, 11 acres of greens100, 120 feet wide approach roads.Options: 350 and 500 sq yards plots

DLF Hyde Park Estate

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

For More Details Post on wall at www.facebook.com/propertyandwealth or mail at : [email protected]

Location: Sector 112 Mohali Banur Highway, adjoining Chandigarh group of collegesHighlights: 50% green area. Shopping mall, site for 5 star hotelOptions: Booths, SCOs, residential plots 200, 250, 400 & 500 sq yards

RKM City

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Pinjore Kalka Urban Complex, Sector 3Highlights: Panoramic View of the hills, site is situated on a plateau. only about 9 kms from Housing Board Colony Panchkula.Options: Independent Floorscurrently available only on resale

DLF Valley Panchkula

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Pinjore Kalka Urban Complex, next to DLF Valley & Amravati EnclaveHighlights: Surrounded by river & dam site on one end, mountains on the other end. 200 acre township with huge club houseOptions: Plots & Villas, 250,370,500,1000 sq yds.

IREO Five River

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 90, MohaliHighlights: World Class Building designed by Hafeez ContractorIn close proximity to Phase VIII B, an upcoming IT destination with several MNCsOptions: 3BHK and 4BHK

Multitech Tower 2

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 98 and 99 MohaliHighlights: Ireo Hamlet is 32 acre gated township with club of its own.Options: Plots 250, 350 sq yards, Villas and low rise, mid rise 1BHK, 2BHK, 3BHK apartments.

IREO Rise & Hamlet

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200





Location: VIP Road, ZirakpurHighlights: Sky banglows with drawing cum Dining Room,Family Lounge, Home Theatre room, Mandir, Store and Servant QuarterOptions: 88 flats of 4000 sq ft each and 8 penthouses of 7000 sq ft each

Ojas Grand, Zirakpur

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200


Location: VIP Road, ZirakpurHighlights: AmphitheatreCommon Library, Club, Gym, Jogging Track. Ultra Modern UPVC Windows to keep your house insulated.Options: 2, 3, 4BHK Apartments

Savitry Greens

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Gazipur, Zirakpur, Near ChandigarhHighlights: Premium 3 BHK & 4 BHK Duplex apartments near upcoming Golf CourseOptions: 3BHK & 4 BHK Duplex aprartments.

Sushma Crescent

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 85, MohaliHighlights: Spread over 300 acres, Wave Estate has already completed all basic infrastructure needs. Greens & landscapes are well planned.Options: Plots, Villas, charming floors and plush condominiums

Wave Estate

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Chandigarh-Ambala HighwayHighlights: Designed by R204DESIGN, leading US architecture firm Professional Cricket Practive Pitches, Golf Putting, Designer Swimming poolOptions: 3BHK flats 1885 sq ft.

Sushma Chandigarh Grande

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 97, 106, 107 MohaliHighlights: 300 acres integrated townshopOptions: Plots 360 to 500 sy yards Gardens Apartments 2BHK, 3BHK, Independent Floors

Unitech Uniworld City

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200





Location: Sector 115, Greater Mohali Highlights: Experience ‘Urban Living at its Best’ with planned infrastructure and world class amenities- all catering to the contemporary lifestyle. Options: Studio Apartments, 2bhk, 3bhk, 3bhk Penhouse

WWICS Imperial Heights

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200


Location: Sector 86, just 700 mtrs from Delhi Gurgaon ExpresswayHighlights: Possession to be offered in 3 yrs from bookingSecured gated community Adjoining the DLF project IFFCO Chowk - 15 minutes driveOptions: 2BHK, 3BHK, 1350 - 1890 Sqft

Ansal Heights 2

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location:NH-8, Sector 83, GurgaonHighlights: Modern gated 22 acres development , 8 Acres Central Landscaped Greens and Park, Near to ISBTOptions: 1,720 Sq.Ft. to 3,750 Sq.Ft. , 3BHK, 5 BHK Ground Floor, Duplex and Penthouse

Emaar MGF Palm Gardens

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 110, GurgaonHighlights: Full feature clubhouse, Themed Landscapes, high-Response Security systems, World-Class fitness and Sports facilities, Green Architecture, Options: 3400, 3900 sq feet, 4BHK, 5BHK

India Bulls Enigma

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200



DELHI NCR



Location: Jaypee Sports City, Greater NoidaHighlights: Tropical architecture, Yoga, aerobics, spa and massage rooms, India’s 1st Formula One Racing Track Options: 1, 2, 3, 4 BHK personal suites

Jaypee Greens Kassia

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Noida-Greater Noida ExpresswayHighlights: Foodball field, cricket field, cycling track, tennis& basket ball courts, Unique Y shaped apartments.Options: 2, 3, 4 BHK Apartments

Jaypee Greens, Garden Isles Towers

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 67, GurgaonHighlights: Singapore theme Luxury Residence Compact & Well ventilated Units Modern and Youthful productOptions: Area 1800 Sq.Ft. to 5500 Sq.FT.3BHK, 4BHK, Penthouse.

M3M Merlin

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

DELHI NCR





Location: Sector 137 NoidaHighlights: On Noida – G.Noida Expressway, South Delhi is 15 min. away thru DND flyoverSector - 18 Noida, Market is 10 minutes away, Amity University, Lotus Public School are in close vicinity.Options: 2BHK, 3BHK

Paras Tierea

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 93, GurgaonHighlights:80% GreeneryMeditation court, nature park3 side open apartmentAmphitheater & GymnasiumOptions: 2 / 3 & 4 BHK Residential Apartments 1297 to 2532 sq.ft.

Spaze Privvy

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector – 37 D, Ramprastha City, GurgaonHighlights: A township spread over 450 acres, 0 km from Dwarka Expressway & Metro Station, 15 min. drive from IGI Airport. Options: Premium Condominiums 1725, 1750 and 2025 sq feet 3 BHK

Ramaprastha City

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sector 82, GurgaonHighlights: Strategically located, In close proximity to proposed metro stationOptions: 2/3/3+1/4 BHK

Universal Aura

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Raj Nagar Extension, GhaziabadHighlights: Executive Luxury Flats, Private garden space and open terrace, Earthquake resistantOptions: 1/2/3 BHK 615 – 1350 sq.ft

SCC Heights

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: NH-8, DharuheraHighlights:Latest architectural standards & Vastu norms, just a few minutes away from shopping malls, hospitals, schools and other public utilities.Options: 1,2 & 3 BHK

Vipul Gardens

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200



PUNJAB / HARYANA



Location: KMP Expressway, SonepatHighlights: Pitch Put Golf Course, High class gymnasium with world class machinesOptions: 2, 3, 4 BHK residential apartments

Ansal API Green Escape

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Nakodar Chowk, JalandharHighlights: Total Built-Up Area is 14864 sq mts approx with 3 floors of retail and 3 floors of offices.Options: Retail outlets, commercial office space, food court, cafe’s.

DLF Galleria

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Turning off the NH 95 near the Ludhiana-Ferozepur Road, a short drive along Sidhwan CanalHighlights: 500 acres with glittering lake at its centre, beautiful layouts, green environsOptions: 3-5 BR villas and apartments from 3000-8000 sq ft

Ireo Water Front

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: GT Road NH 1 Opposite Mac DonaldHighlights: 5 impressive residential towers going up to 12 floors with excellent space management, ergonomic interiors and delightful amenitiesOptions: luxurious 3 BHK,4 BHK duplex, 4 BHK with utility

DLF Park Place Jalandhar

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Sectors 28 & 29 HUDA on National Highway1, KarnalHighlights: Spread across more than 300 acres, Karnal’s first truly world-class developmentOptions: Residential & Commercial

Alpha International City

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Unitech Unihomes Sector 16 AmbalaHighlights: UNIHOMES is well connected to rest of the city and Haryana with Narnaul and Jhajjar highways running closeOptions: 2 BHK & 3 BHK lowrise affordable flats.

Uni Homes Ambala

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

HIMACHAL

Location: 3km from Solan on Solan Sabathu Road.Highlights: Registry for built up area for built area Even for non Himachlis. Enjoyable weather round the yearOptions: 1 BHK 671 sq feet, 2 BHK 111 sq feet and 4BHK duplex cottages 2475 sq feet.

Amravati Hills

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Kasauli Hills at 5000 feet, nearly 15kms from Kasauli amidst pristine environment.Highlights:Each Villa & Apartment providing a panoramic view of Mountains. Landscaped Gardens, Swimming Pool & Gym. International 5 star Hotel Options: Villas and Apartments

DLF Samavana

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Dagshai HillsHighlights: Situated at height of 5500 sq feet. its un spoilt nature at its best with Villas, plots, 5 star resorts.Options: Luxurious independent villas, residential plots

Pine Wood Resorts

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Dharampur Sapatu Road 2 kms from Hotel Victoria IntercontinentalHighlights: Panoramic View of the valley. Non Himachalis can buy in their own name. Specially imported pre fabricated apartments.Options: 1BHK/2BHK on 400 sq yard Plot

Hill Farms

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Simla Hills, Bemloi, Near CPRI complexHighlights: Luxury Cottages Priced between 2.5 to 3.9 crores.Simla’s first residential gated complexOptions: Super area varies from 2700- 3100 sq feet. Luxury Cottages.

DLF Samatara

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200

Location: Solan Simla Old Road, Kumar hattiHighlights: Beautiful fully furnished apartment With un spoilt view of the mountains.An ideal hill farm house.Options: 2BHK and 3 BHK

Pine Wood Cottages

BudgetPlanner

BudgetPlanner

in lakh

0 10 20 30 40 50 60 70 80 90 100 150 >200





SAND = REAL ESTATE & INFRASTRUCTURE NEWSAfter bricks, the next building material which comes to mind is sand, which we’ve

equated with current news related to Real Estate and Infrastructure.


Delhi has beaten all other cities to emerge as the best place

to live in India, according to Livability Index 2011 compiled

by the Institute for Competitiveness, an international think-

tank. Livability refers to an urban system that contributes

to the physical, social, mental and personal development

of all its inhabitants. The index takes into consideration

various associated and crucial dimensions of livability

criterion for the fifty cities, and sums up nearly 300

indicators.

A study by HT of the balance sheets of India’s top 10 listed

developers revealed a massive oversupply and a slowdown

in sales. It revealed an estimated Rs 31,000 crore worth

of unsold properties belonging to top realtors including

DLF, HDIL and Omaxe. Real estate prices are expected to

fall sharply in several pockets of Delhi-NCR and Mumbai

close to mid 2012 but those from top developers in prime

locations may not see a correction.

The UT Electricity has proposed a substantial hike

of 50% in electricity bills. The hike in the UT will be

lesser than that in Mohali and Panchkula. The proposed

hike, for the period between April 1, 2012, and March

31, 2013, would be effective only after the approval of

the Joint Electricity Regulatory Commission (JERC), the

body constituted to decide on power tariff in the Union

Territories (UTs).

Haryana CM Bhupinder Singh Hooda has recently

announced a slew of developmental projects worth over

Rs 450 crore for Sonepat. He laid the foundation stones

of Rs 40-crore railway over-bridge at a level crossing

near Sonepat railway station, Rs 69.58-crore project to

increase drinking water supply up to 135 litres per head

in the town, Rs 21.72-crore storm water drainage scheme

to get rid of the water-logging problem in various areas

of Sonepat town and two 33 KV power substations with

estimated cost of Rs 2.60 crore each to meet the power

requirements of HUDA’s Sectors 12,13, 14 and 15.

US billionaire Alfred Ford has pumped in $300 million

to develop a Himalayan ski village near Manali. The

project has got an approval from the State Infrastructure

Development Board and is awaiting a nod from the

cabinet. The proposed resort which will spread over an

area of 100 hectares and feature 100 hotel rooms, 300

villas, 150 condominiums, spa facilities, a convention

center, shops and restaurants. The project is likely to

generate revenue worth Rs. 50-60 crores.

A hotel in Manali and a farmhouse built on a 12-bigha

patch of land on the outskirts of Kullu have been ordered

to vest with Government for violation of Section 118 of HP

Land Reforms & Tenancy Act 1972 by DM BM Nanta. The

properties, estimated to cost around Rs 11 cr are owned by

Ajay Chautala, grandson of former Deputy Prime Minister

late Devi Lal. The land was bought in 1978 and the case

was pending in the DM’s court for the past 14 years. The

DM’s order came in a plea of RTI activists who had sought

information of benami properties .

Delhi Tops India Livability Index

Property Prices May Revise Soon

Pay More for Power in Tricity

Projects Worth Rs 450cr for Sonepat

Himalayan Ski VillageRTI Uncovers Benami Properties in HP

regional news

Mahindra Holidays buys Property in Goa

50 Hilton Hotels in India in 5 Years

national news


According to experts, realty and metal sectors, which saw

maximum value destruction amongst the BSE sectoral

indices this calendar year are not likely to pick up in

2012. While the BSE Sensex declined by 23.45 per cent

in the calendar year-to-date, sectoral indices of the realty

and metal sectors plummeted by 50.26% and 46.92%,

respectively. Investors had to brace for hard times as

growth slowed and interest rates rose, leading to reduced

transactions and rising vacancy rates.

Mahindra Holidays & Resorts has acquired a 106-rooms

property in Goa as part of its expansion at popular holiday

destinations in India, taking the total to 330 rooms in

entire Goa. The latest acquired property will now operate

as Mahindra Emerald Palms. The company is a leading

player in leisure hospitality and offers vacation ownership

membership. The concept of vacation ownership lets

people own a property for a specified period of time.

Seeking to turn a new chapter in the funding of the clogged

and inadequate infrastructure sector, India Infrastructure

Finance Company Ltd. (IIFCL) will float a $1 billion (Rs

5,000 cr) infrastructure debt fund with the participation of

private players. With a targeted $1 trilion needed by India

to overhaul its infrastructure sector in the next five years,

IIFCL has been given the go ahead by the Finance Ministry

to facilitate new funding sources. The Infrastructure Debt

Fund was proposed by Finance Minister Pranab Mukherjee

in the budget this year.

The commercial property market in India experienced

a slow-down due to the global economic scenario. The

demand for office space across the top six cities in the

country was down 20% in the July-September quarter at 8.5

million sq. ft. compared to 10.5 million sq. ft. in the previous

quarter according to a Nomura report. A further drop of

5-10% in the October-December quarter was predicted by

Cushman & Wakefield. While new space leasing has dried

up in many markets, a number of corporates have been

looking for relocation and consolidation.

The Finance Ministry has initiated work on a proposal to

replace Delhi Development Authority (DDA) with a new

regulator for the capital’s housing sector. The move is

likely to face resistance from the DDA which has prepared

an ambitious 2021 Master Plan for Delhi. The Master Plan

entails planned development of 202 square kilometers to

make the capital a global metropolis.

Hospitality firm Hilton Worldwide is aiming to operate 50

hotels in the next 5 years in India and launch new brands

‘Conrad’ and ‘Waldorf Astoria’ -- in the country from its

global portfolio. The firm announced introduction of its

middle segment brand ‘Hampton’ in the Asia Pacific region

with the opening of a hotel at Vadodara in Gujarat under

a franchise agreement with Baywood Hotels India. Hilton

has more than doubled its properties in India this year by

launching six hotels.

Realty Stocks in 2012 Infrastructure Debt Fund

Dipping Office Space Demand

DDA Could Go


Russian billionaire Mikhail Fridman, the owner of financial

conglomerate Alfa-Group, is set to invest up to $1 billion

in properties on the east coast of the US. He is launching

a real-estate fund together with New York-based property

developer and manager Rosen Partners to focus on

distressed properties from Boston to Miami. Russian

tycoons consider US real estate a relatively safe haven,

especially at this time of political uncertainty in Russia.

A decade after the 9/11 attacks, the new World Trade

Center complex is steadily taking its place in the skyline.

One World Trade Center has reached the 90th floor, with

one floor being added a week, and the Fumihiko Maki-

designed 4 World Trade Center has nearly reached 60

floors. The 9/11 Memorial’s enormous reflecting pools

opened on the 10th anniversary of the attacks, and in

time, the complex will have a transit hub, performing arts

center and a trio of additional towers.

Tommasino, a pet cat from Rome, has been left a

staggering ten million euros after his owner died (just under

$13,100,000). When Maria Assunta, the affluent widow

of an Italian property tycoon, passed away at the age of

94, she chose to leave her estate to her beloved cat. The

4-year old street cat that was rescued from the streets of

Rome, now lives outside Rome at an undisclosed address

with a care-taker, so as to avoid con artists and potential

kidnappers. The feline is Forune Magazine’s richest cat

and the third wealthiest animal in the world.

Singapore has introduced new taxes on residential

property purchases to curb excessive investment by

foreign buyers. Foreigners and corporate entities will

now have to pay an unprecedented extra 10% stamp

duty when buying a residential property in Singapore.

Foreign purchases accounted for 19 per cent of all

private residential property purchases in the second half

of 2011, up from 7 per cent in the first half of 2009.

Foreign investors now dominate the Australian rental

residential property market with close to a third of the

new apartments in key cities (about 13,000 apartments).

Unlike the late 1980s when there was a Japanese

office and hotel development boom, this time 92% of

all apartments being proposed or developed by foreign

firms are said to be owned by Singaporeans.

Canadian house builders are being urged to consider the

aging population when designing new home developments

for the future. Several industry organisations are

concerned that not enough residential property in

Canada is suitable for the growing number of retirees that

will begin to increase throughout the population in the

years ahead. Although there are many companies that

specialise in providing comfortable homes for the over-

50’s that include a range of communal facilities such as

healthcare and entertainment activities along with onsite

eateries not all seniors will want to move into ‘readymade

retirement residences’.

Russian Tycoon’s $1 billion In-vestment in US Realty

New World Trade Center

World’s Richest Cat

Singapore Levies Extra Stamp Duty

Overseas Investors Dominate Australian Residential Property Market

Canadian Builders to Plan for Retirement Years

international news

Burj Khalifa the Real Star of ‘Ghost Protocol’

‘Twilight’ Home for Sale

eye-catchers

Tom Cruise plays the indestructible

superspy Ethan Hunt in Mission

Impossible-Ghost Protocol, the

franchise’s fourth installment. Hold your

breath when you watch him step out from

an open window high up in Dubai’s Burj

Khalifa, currently the tallest manmade

structure in the world at 2,716 feet. The

48 yr old superstar, who was in India

recently for the promotion of the movie,

himself performed the heart-stopping

stunts shown in the movie.

A Westside compound of vampire romance movie

‘Twilight’ stars Robert Pattinson and Kristen Stewart has

hit the property sale market in Los Angeles approximately

for six million dollars. The west-facing luxury property

measuring 2,604-square-feet has the view of Bel-Air and

Stone Canyon Reservoir. The property was constructed in

1990s and is situated on nearly half acre of land. 21-year-

old Stewart and 25-year-old Pattinson, who had starred as

couple in reel-life, are leading life together in real life.


CEMENT = PROFESSIONAL KNOWLEDGE & MOTIVATIONCEMENT is known for its binding property and in this Section, we’ll be fortifying the information gained in previous Sections with some

Professional Knowledge & Motivation

Thomas J. Barrack, Jr. is the founder, Chairman and

CEO of Colony Capital, the world’s 3rd largest private

equity real estate firm. In 2005, Fortune Magazine dubbed

Tom Barrack as the “World’s Best Real Estate Investor.”

He is a current member of the Forbes 400 List.

The grandson of Lebanese immigrants, Tom Barrack grew

up in the Los Angeles suburbs in the 1950s, where his

father ran a grocery store. Tom went to the University of

Southern California, where he was a star on a national-

championship rugby team, worked on campaigns for

California Republicans, and in 1972 got a law degree.

His first job was at the firm of Herb Kalmbach, President

Nixon’s personal attorney, but he didn’t stay long. One

of the firm’s biggest clients, construction giant Fluor

Corp., needed a volunteer to live in Saudi Arabia for a few

months to negotiate a contract. Saudi Arabia was hardly

a posh posting, but with oil dollars rolling in, it was deal

Tom Barrack The World’s Greatest Real Estate Investor

Monthly Feature

CEMENT

Real Estate Champions


Colony Capital owns a majority stake in Neverland Ranch, the former residence of Michael Jackson

central. Barrack leaped at the chance. When

his Fluor assignment ended, Barrack stayed on

and went to work reviewing deals for two young

Saudi princes.

Barrack learned Arabic and immersed himself in

the local folkways. Barrack became a powerful

middleman, and over 4½ years did tens of

millions in deals for the princes, who collected

rich commissions. Barrack himself made

just $200,000 though but the education was

priceless. In 1976 Barrack returned to California,

where he was hired to run a company that built

industrial and office parks. He ran the company

until 1982, learning all about real estate. He

followed this experience with an unhappy stint

at Watt in Washington D.C. and a brief run as an

investment banker, before billionaire Bob Bass

recruited him to do real estate deals.

In 1991, Barrack formed Colony Capital. Based

in Los Angeles, Colony Capital has had a

meteoric rise. Its hotel investments include not

only the Raffles and Fairmont groups but also

the Costa Smeralda resort in Sardinia, Hotel Guanahani in

the Caribbean, the Aman resorts hotel chain, The Savoy

Group, the Stanhope Hotel in New York, the Atlantic

City Hilton and the Las Vegas Hilton. Colony Capital

owns a majority stake in Neverland Ranch, the former

residence of Michael Jackson. Barrack sunk $35M into

Michael Jackson’s famed Neverland Ranch—bailing the

King of Pop out of his substantial debts—and a host of

hotel properties around the world. The company has

invested more than $34 billion in non-performing loans,

hotels, resorts, casinos, condominiums, and global

developments.

As of September 2011, Tom is the 833rd richest person

in the world, and the 375th richest in the US, with an

estimated wealth of US$ 1.1. billion. A man of immense

charm, a swashbuckler who moves at a furious gallop yet

exudes an aura of calm. He’s constantly circling the globe

in his Gulfstream IV and lives on a 1,200-acre mountain

ranch near Santa Barbara, California. In the summer, he

lives in a castle in the South of France. He is married, and

he has four children, three of which are from a previous

marriage. Tom might not really qualify as a celebrity, but

he sure rubs shoulders with them, he and Rob Lowe are

partners in the media investment fund that purchased

Miramax Studios.

Barrack has done deals with Saudi princes, Texas oilmen,

a Caribbean dictator--even with renowned American

business magnate Donald Trump. He bought the Fukuoka

Dome, Japan’s Yankee Stadium, in part because he

calculated that the titanium in the retractable roof was

worth as much as the purchase price. He bought and sold

New York City’s Plaza hotel, turning a fast $160 million

profit, as well as London’s tony Savoy chain, netting

another $270 million. It takes a lot to impress Donald

Trump. Viewers of the original US version of the hit TV

show The Apprentice will know just how stingy he can be

with his prais. But there is at least one person who makes

Trump sit up and take notice. “Tom has an amazing vision

of the future, an ability to see what’s going to happen that

no one else can match,” observes Trump.


God stopped manufacturing land a long time ago but He forgot to hang a board anywhere on total number of occupants allowed. Thus, while the human race has kept multiplying over the years, the total land allocated to them has always been limited and permanent. Some of the smartest people in the world have turned to Real Estate as a profession but not all of them have succeeded. And only those out of them with ‘something extra’ could eventually make it to the top.

Thomas Barrack is the founder, Chairman and CEO of Colony Capital

Monthly Feature

CEMENT


The Empire State BuildingEver since it was built in 1931, the Empire State Building has

been the world’s most famous office building. Rising 102

stories from the middle of New York City and standing 1,250

feet tall, the Empire State Building is also America’s favorite

architectural icon. Millions of tourists flock to the skyscraper

to get a glimpse from its 86th and 102nd floor observatories.

It stood as the world’s tallest building for 40 years until the

construction of World Trade Center’s North Tower in 1972.

The Eiffel Tower started it all

The construction of this gigantic icon was indeed a race to

the sky. When the Eiffel Tower (984 feet) was built in 1889

in Paris, American architects took up the challenge to build

something taller. By the early 20th century, a skyscraper race

was on. By 1909 the Metropolitan Life Tower rose 700 feet (50

stories), quickly followed by the Woolworth Building in 1913

at 792 feet (57 stories), and soon surpassed by the Bank of

Manhattan Building in 1929 at 927 feet (71 stories).

When John Jakob Raskob (previously a vice president of

General Motors) decided to join in the skyscraper race, Walter

Chrysler (founder of the Chrysler Corporation) was constructing

a monumental building, the height of which he was keeping secret until the building’s completion. In 1929, Raskob and his

partners bought a parcel of property for their new skyscraper at 34th Street and Fifth Avenue, New York. On this property

sat the glamorous Waldorf-Astoria Hotel. Not knowing exactly what height he had to beat, Raskob started construction on

his own building.

The Building Plan

After deciding on and obtaining a site for the skyscraper, Raskob needed a plan. He hired Shreve, Lamb & Harmon to be

the architects for his new building. It is said that Raskob pulled a thick pencil out of a drawer and held it up to William Lamb

and asked, “Bill, how high can you make it so that it won’t fall down?” The team was able to plan for 1,250 feet while the

Chrysler Building was completed at 1,046 feet with 77 stories.

The Empire State Building, New York City

Architectural Marvels

Builder Takes Charge

As part of their bid to get the job, builders Starrett Bros. &

Eken told Raskob that they could get the job done in eighteen

months. With such an extremely tight schedule, Starrett Bros.

& Eken started planning immediately.

Clearing the Site

The first section of the construction timetable was the

demolition of the Waldorf-Astoria Hotel. When the public

heard that the hotel was to be torn down, thousands of people

sent requests for mementos from the building. Though some

of the materials were sold for reuse and others given away for

kindling, the bulk of the debris was hauled to a dock, loaded

onto barges, and then dumped fifteen miles into the Atlantic

Ocean.

The Steel Skeleton Goes Up

The steel skeleton was built next, with work beginning on

March 17, 1930. Two-hundred and ten steel columns made

up the vertical frame. Twelve of these ran the entire height of

the building. Other sections ranged from six to eight stories

in length. The steel girders could not be raised more than 30

stories at a time, so several large cranes were used to pass the

girders up to the higher floors. The builders created various

innovations that saved time, money, and man-power.

Up & Down the Tallest Skyscraper

The Otis Elevator Company installed 58 passenger elevators and eight service elevators in the Empire State Building.

Though these elevators could travel up to 1,200 feet per minute, the building code restricted the speed to only 700 feet per

minute based on older models of elevators. The builders took a chance, installed the faster elevators (running them at the

slower speed) and hoped that the building code would soon change. A month after the Empire State Building was opened,

the building code was changed to 1,200 feet per minute and the elevators in the Empire State Building were sped up.

Inauguration Time!

The entire Empire State Building was constructed in just one year and 45 days – no mean feat! It came in on time and under

budget. Because the Great Depression significantly lowered labor costs, the cost of the building came to $40,948,900

which was much below the $50 million expected price tag. The Empire State Building officially opened on May 1, 1931

to a lot of fanfare. A ribbon was cut, Mayor Jimmy Walker gave a speech, and President Herbert Hoover lit up the tower

with a push of a button.


As the world shrinks smaller and smaller, our aspirations of matching the physical environment of developed nations has only grown. Thanks to globalization, Indian entrepreneurs and industry professionals have also been exposed to the latest global trends and technological advancements in the field of construction.


Monthly Feature

CEMENT

Know your HOME LOANS

Home loan FAQ’sWhat is an EMI?

EMI (Equated Monthly Instalment) is the amount payable

to the lending institution every month, till the loan is paid

back in full. It consists of a portion of the interest as well

as the principal.

How is an EMI calculated?

EMI Formula: l x r [(1+r)n /(1+r)n-1 ] x 1/12

l = loan amount

r = rate of interest

n = term of the loan

What are the eligibility conditions for a home loan?

The eligibility may differ from lender to lender. However,

most of them would require you to be:

a) An Indian resident or NRI

b) Above 21 years of age at the

commencement of the loan

c) Below 65 when the loan matures

d) Either salaried or self employed

What are the interest rates offered for home loans?

What are: Daily Reducing, Monthly Reducing and Yearly

Reducing?

Interest rates differ from bank to bank. It depends on RBI

base rate also. The current rates are about 10 to 13%.

The interest on home loans in India is usually calculated

either on monthly reducing or yearly reducing balance. In

some cases, daily reducing basis is also adopted.

Annual reducing

The principal, for which you pay interest, reduces at the

end of the year. Thus you continue to pay interest on a

certain portion of the principal which you have actually

paid back to the lender.

Monthly reducing

The principal, for which you pay interest, reduces every

month as you pay your EMI.

Daily Reducing:

The principal, for which you pay interest, reduces from

the day you pay your EMI. Very few banks in India follow

daily reducing method.

What is the best way to select the cheapest home loan?

Decide how much EMI can you comfortably pay. It will

depend a large on tenure also. Keeping the loan period

same, ask for EMI from each bank for an x amount.

What is a fixed rate of interest?

Some institutions have a fixed rate of interest, which

means the rate of interest remains unchanged for the

entire duration of the loan. This means you do not benefit,

even if rates of interest drop in the market.

What is a floating rate?

This is the rate of interest that fluctuates according to the

market lending rate. This means you stand the risk of

paying more than you budgeted for in case the lending

rate goes up.

Are securities required for home loans?

Generally speaking, the property to be purchased itself

becomes the security and is mortgaged to the lending

institution till the entire loan is repaid. If the property is

not prime located, or your credit profile is not very good

then some banks may ask for additional security such as

life insurance policies, FD receipts and share or savings

certificates.

What is the time required for loan application approval?

Depends how fast you can provide the required documents.

It generally takes about 3 to 15 days.

Monthly Feature

CEMENT

1. What is the Rate of Interest?

If your CREDIT history and CIBIL scoring is good, you

deserve a good rate of interest. Check out at least 3

bankers before deciding what is the prevailing interest

rate at the point of your borrowing home loan.

2. What is the tenure for which you want to take home

loan?

If you can comfortably afford a higher EMI go for 10 or

12 years as you would be paying much lesser interest in

that case.

3. Is your Rate of Interest, Fixed, floating or a mix of fixed

and floating.

Check out what suits you most, a EMI that is fixed for its

entire tenure (Fixed ROI), a Fixed EMI for first 2-3 years

and then floating for the balance tenure, or EMI that is

totally floating that is which depends on RBI fixing the

Base Rate.

4. Check out if you are allowed to make part pre

payments.

You might get a bonus if you are salaried or make some

wind fall profits if you are in business. Check out whether

you’re allowed to use the same to pre pay a part of your

home loan.

5. Check out if there are there any fore closure charges.

There may not be if you are closing from your own

resources, but what if you are switching loan from one

banker to another banker. Check out what are foreclosure

charges in case pre payment is through third party

funding.

6. Get your loan amount insured. You want your family to

inherit your home not the home loan.

In the unlikely instance of any thing unfortunate happening

to you, the property should get transferred to your nominee

and the balance loan amount should be waived. This is

home loan insurance and you must get it done for the

peace of mind and good will of your family. The loan is

also waived of in case of any major health problem or

permanent disability. You need to check the loan terms

carefully. Do not feel shy in checking this out and don’t

go by the verbal commitment of the bank marketing

personnel. He may promise you heavens but you need

to cross check on every commitment. Read the terms of

insurance carefully.

7. Get your Home loan Insured against Job Loss.

An interesting feature that is available nowadays is job

loss insurance where your Insurer pays the EMI till the

period you are not employed. Check out the policy papers

for details before opting in for the same.

realty coach


7 Things To Consider While Taking A Home Loan


Investment in Property can be a tricky affair. There are various things which need to be looked into at the time of buying or selling a house. Matters related to taxation laws, procedure of registration or transfer of property. As the name suggests, Realty Coach is going to take up one or more key terms or issues every month to be explained to make matters simpler for you.


Monthly Feature

CEMENT

There is no better way to kick off your day than to wake

early. The extra hours gained are perfect to start with an

exercise routine and eating your breakfast. Mornings

are also the most productive time of the day. The blood

flow to your brain is high, helping you to work and

concentrate well.

Japanese auto giant Toyota will officially introduce

its premium brand Lexus in India by 2013 through

fully imported route. Toyota created the Lexus brand

in 1989, having concentrated majorly in the US ever

since. It only came to Europe in the first half of the last

decade. In fact, it didn’t launch Lexus in Japan till just

two years ago.

Lexus cars will be officially available for sale in India by 2013

Early to bed and early to rise

the prosperity seekers


People who’re in the habit of reading, not only make

the best use of their spare time but also keep their

minds away from the worries that might chase them if

they sit brooding, doing nothing. Avid readers tend to

have a better grasp on realities and are known to be

better judges of people.

Cultivate the habit of reading

The Law of Attraction simply states that

you attract into your life whatever you

think about.

...good health, a great mind & lots of money!

The India of

today is going

through a

transition period.

This is a period

where the country is shedding its coat of the past and

moving towards a new beginning alongside a new identity

as a global superpower. While the Indian economy is

surging all steam ahead, the major catalyst to this growth

is the realty sector. This sector which contributes about a

large share to the economy is one of the major harbingers

of the growth of Indian superpower.

While 2011 has seen some monumental policy decisions

by the Government to bring in more transparency, the year

has also seen some major setbacks for the sector. While

at first the realty sector and the country in general was

dogged by the Land Acquisition controversy majorly at

Greater Noida in Uttar Pradesh, CREDAI and its partners

in general have been vocal about the Government clearing

its stand and bringing in more transparency into the

proceedings. While we as an apex body can only toe the

line laid by the Government, we urged the Government to

demarcate clear rulings so that neither the land owners,

the general buyers and nor the developers are short-

charged by impending Governmental policies. While the

year saw interest rates being hiked 13 times since March

2010, this has adversely affected the liquidity in the market

which has stalled investments into the sector. With lower

liquidity, the real estate sector did find it hard to come

up to its expected revenue generation targets which have

adversely hampered the growth of this booming sector.

While the year end credit review by the RBI has stalled

the credit rates, we expect the rates to come down in the

coming year which will help in re-boosting the sector, thus

bringing in more avenues of growth to this sector, which

will thus help in economic augmentation of India.

While over the year, the landmark regulatory bill has more

or less settled the contentious issue, we as a body are

still trying our best to bring in greater transparency and

more ease in this booming sector. One positive to have

come out of this year has been the Reserve Bank of

India’s landmark policy to increase the housing loan limit

under the priority sector wherein loans up to Rs 20 lakh

irrespective of the location, to individuals for purchase

or construction of dwelling unit per family, has been

increased to Rs 25 lakh. This move which will greatly help

the real estate industry and especially the lower income

groups is a major step in the emancipation of the Indian

real estate sector. We are pretty much confident that this

move will give the much desired boost to the industry and

will give a sense of relief to the home buyers in the metros.

Another positive to have come out of this year was the

11th National Convention of CREDAI which brought to

fore the future vision of the real estate sector. Harping on

‘Mission Transparency’, the conclave aimed at invoking

a single window clearance model alongside bringing out

a uniform code of conduct for the real estate developers

which proposes to bring in maximum transparency in this

sector. With an eye on the projections of the future, this

conclave aimed at resolving hurdles that inhibit the real

estate sector – whether these are of policy, financing, or

technology – and move towards penning down a roadmap

for India’s future.

Monthly Feature

CEMENT


2011The Year of Indian Realty Revolution

flipside

While 2011 has been a year of major ups and downs

for this sector, the general sentiment of the real estate

sector has been one of anticipatory boom and we wish

that the real estate sector can break off the shackles it

has been bound for long and can come out transparent

and become one of the major contributors to the Indian

economy. With the general outlook of the markets

remaining gloomy in view of the expected downturn in

international markets, it is the Real Estate sector which

has taking the revolution forward. From providing urban

and rural India with affordable housing to contributing to

the GDP of the country, real estate sector has been the

revolutionary in armour for the country. A sector which

has contributed an estimated US$ 45 billion alone in the

year 2010, the sector is bound for bigger things to come.

While 2011 with its avant-garde movements have taken

the sector into the echelons of major contributors to the

Indian economy, the fall of 2012 promises to bring with it

a clearer vision, ground-breaking policy decisions and a

clearer frame for the evolution and the following revolution

of the real estate sector.

With 2012 being touted as the year where real estate

sector will find its bearing in the imminent growth of India’s

superpower might, we expect sweeping changes to come

in this sector. Expecting more policy reforms in real estate,

better transparency and Governmental impetus for growth,

the sector is poised for big turns and as showcased by the

precision planning and implementation of projects like the

Greater Noida sports conclave and better public-private

partnership model as showcased by the Government

of Gujarat, the time is ripe for the real estate sector to

be one of the major contributors of the emerging Indian

economic might. A recent report by Jones Lang LaSalle

which suggests that the realty space in India could see

over USD 2 billion worth of outflows next year, the time

is ripe for the effects of the realty revolution of 2011 to

bear fruits. With more than 20 million sq. ft. of retail and

housing space to be added in the coming year up from

the 14 million sq. ft. plus growth in real estate which 2011

accounted for, the realty sector is all set to be harbinger of

‘India Shining’ and contribute to the GDP of the country in

its truest potential sense.

Builders. Entrepreneurs physically building the nation. The houses we live in and the offices where we go to work. They have a significant role to play in mitigating one of India’s basic yet biggest challenges – shelter for its teeming millions. And to play this role well, they need to be heard.


Mr. Lalit Jain, President CREDAI

This article is authored by Mr. Lalit Kumar Jain, National President, CREDAI

Monthly Feature

CEMENT


in your good BOOKS We’re all living in a marketing driven, credit oriented society, and it is important for us to exercise financial prudence to stay out of trouble. There are many good books available on Financial Planning and we’ll be introducing our readers to one such book every month.

Suze Orman is a two-time Emmy Award winner and the

author of six consecutive New York Times bestsellers.

Named in 2007 by BusinessWeek as the top female

motivational speaker in the United States and in 2008

by Time magazine as one of the 100 most influential

people in the world, Suze is also a contributing editor to

O, The Oprah Magazine and The Costco Connection. Her

name has become synonymous with money, and she is

undeniably the most-listened-to personal finance expert

in America today. The Laws of Money, the Lessons of Life

is a groundbreaking book in which she is able to reveal a

revolutionary new paradigm of personal finance.

The 5 Laws of Money are vital principles that you need to

know whether you are old or young, male or female, with

or without money, a novice or a veteran investor. In the

compassionate stories adapted from real-life situations

strewn across the book, Suze shows how us how these

five laws operate without exception -- at all times, in every

culture -- and apply to everyone. The universal truths and

lessons contained within each law help you learn how to

keep what you have and create what you deserve. Anyone

can -- and must -- put these laws to use today in order to

survive and thrive in these times of constant upheaval and

financial turmoil.

The Laws of Money, the Lessons of Life provides an

eminently sensible, highly effective process for gaining

control over your life and your money. Through pointed

questions about your attitudes toward money and insightful

financial exercises and personal guidance, Suze deciphers

the false hopes and fears that keep you from making

smart, confident decisions and choices about money. Her

take-charge optimism and realistic action plans will jolt

you out of any financial confusion or paralysis, whether

you’re beginning your career or at a midpoint, planning

for or already in retirement. You will learn to assess your

current spending, savings, and investments, and acquire

a sure sense of what you can do with the money you have

and the money you want to have. A thorough guidebook

is included that helps you put the laws into immediate

action and see their lessons manifest in your own life.

Profound and practical, The Laws of Money, the Lessons

of Life will help you get out of debt, create what you want,

and protect your money, your family, and your future.

With these laws as your guide, you can avoid ever being a

financial victim again.

The Laws of Money5 Timeless Secrets to Get Out and Stay Out of Financial Trouble Suze Orman

Monthly Feature

CEMENT

The Ekal Vidyalaya Foundation is tax exempt, registered non-profit service organization dedicated to education and village

development in rural India. Ekal’s philosophy is to take a holistic approach to social and economic development.

The Ekal movement is the largest, grassroots, non-government education movement in India, operating in over 36,263

villages and educating over 8,97,178 children in rural India.

The Ekal Vidyalaya movement aims to help eradicate illiteracy from rural and tribal India by 2015. To date, Ekal Vidyalaya

is a movement of over 34343 teachers, 6,000 (Approximately) voluntary workers, 22 field organizations (scattered in

22 Indian states), and 8 support agencies as on January 2011. With this tremendous human force, the Ekal Vidyalaya

movement strives to create a network of literacy centres that will educate and empower children in rural and tribal India.

Ekal Foundation


soft cornerCorporate Social Responsibility (CSR) is represented by the contributions undertaken by companies to society all over the world. Not to be left behind, major corporates in India have included CSR programmes to their to-do lists. Property & Wealth dedicates this page to all such initiatives.

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