property & wealth

newsdesk 13

hotspots 17

Service Apartments 28

Tips On Buying A Resale Residential Property 32

How To Buy An Investment Property In Hot Markets 34

Investing In A Pre-Launch Residential Project 36

When it comes to puja ceremonies

conducted over the course of these five

days, not too many people pay attention

to detail. In fact, since the significance

of such ceremonies is now lost on most

of us, we’re just content in doing them

by rote or conveniently rushing through

them.

13

08contents November 2012

04

propertywise

happy diwali 201221 Vaastu Tips For A Brighter Festival Of Lights

COVER STORY

PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012

searchbutton 38

Money and Happiness 40

quotemagic 42

Buying Your First Home 44

38prosperityseek eyecatchers 47

Basic Forex Market

Concepts 48

planetsavers 50

bookshelf 52

The Wu Lou Feng Shui

Amulet 54

softcorner 56

Publisher & Editor-in-ChiefJasmeet [email protected]

Editor Pankaj Sharma [email protected]

Feature Writers Satpal Kataria, K.Singh, Rupinder PD, Sheetal Singh

Art Director Rajesh Kumar

Graphics TeamGagan, Sanju

Advertisement & SalesDirector Marketing:Sandeep Kapoor (M) 9818510511, [email protected] Sales & Advt: Ajay Gupta(M) 9216841278

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

Printed & Published by Sh. Jasmeet Singh at Plot No. 437-A, Industrial Area Phase-2, Chandigarh.Owned by Sh. Jasmeet Singh,220, Sector 19-A, Chandigarh & Printed at Savitar Press, Plot No. 820, Ind. Area Ph-2, Chandigarh.

CONTRIBUTORS AND ASSOCIATES

contentsNovember 2012

05PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012

editorial

about this issue

When President Obama lit Diwali diyas at the White House

last year, he spoke at length about his celebration of Diwali

in India, the year before. He described how both he and

the first lady had “greatly enjoyed the occasion and the

celebration in India” and went on to add that “Diwali is the

time to celebrate victory of light over darkness, hope over

despair. The message of this day is truly universal.” Yes

Mr Obama, Diwali is a very special day. Here’s wishing you

a very Happy Diwali this year too and best of luck with the

Presidential campaign!

I was surprised to know that there are at least ten ancient

theories regarding the origin of Diwali. It’s a super

auspicious day. It’s Goddess Lakshmi’s birthday, the

day Lord Krishna killed the demon king Narakaasur, the

day the Pandavas appeared from their twelve years of

banishment, the coronation of King Vikramaditya and so

on. Of course the most widely known theory is Ayodha

Nagri’s loving welcome accorded to Lord Rama, Sita and

Lakshmana on their return, post fourteen years of exile.

The festive season brings with it an aura of positivity. It’s

like a special set of days which are meant to be celebrated

and enjoyed. Days to spread warmth and happiness,

happiness and cheer. To make just the extra effort to

forgive and forget, settle your differences and move on.

Property & Wealth wishes all its readers and their families

a very happy and PROSPEROUS Diwali. Let me also add

that this magazine is committed to keep inspiring you to

‘say yes! to prosperity’, throughout the year!

Light Over Darkness

Jasmeet Dhamija Editor-in-Chief

Diwali 2012 is just around the corner. Keeping in mind

the growing interest in Vaastu Shastra, we’ve tried to put

together some Vaastu tips you could bear in mind, as and

when you celebrate the festival.

In his article on investment in pre-launch residential

projects, Mr Ahuja spells out the basics of a pre-launch and

goes on to explain the intracacies. In another informative

article by the same author, learn how to go about buying a

resale residential property.

In recent years, there’s a lot of research work being done.

Day in and day out, we get to hear about one “earth-

shaking” fact after the other, based on surveys done

by leading institutions all over the world. The write-up

on Money and Happiness is just to draw your attention

towards a couple of diametrically opposite surveys done

on the same subject. Mind you, like other survey results

that come to your notice, you’d better not take any of these

two seriously!

In continuation with our brief write-up about The Laughing

Buddha last month, we’ve chosen to tell you about another

important Feng Shui object this month. The Wu Lou gourds

are powerful feng shui amulets which are symbols of health

and longevity and many feng shui practitioners recommend

placing a Wu Lou to suppress negative energy.

Pankaj SharmaEditor

06 PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012

Cover Story

08

21 Vaastu Tips For A Brighter Festival Of Lights

Some of us do want to go into the details! And no matter how mundane that sounds, some of us won’t hesitate to seek out advice related to puja ceremonies. If something requires to be done, it better be done, er, well.

happy diwali 2012

Diwali has always been India’s favourite

festival. Each year, millions of Indians

in the country and abroad look forward

to celebrating the Festival of Lights with

family and friends. The festive mood

in the country is at its peak then and

it is this particular festival which engages the maximum

number of people in celebration. Diwali is much more

than a major Hindu festival. The spirit and joy associated

with the festival draws people of all ages to join in;

irrespective of caste, creed or community. Everyone loves

Diwali. And it is in this regard that the festival assumes a

bigger, unifying role.

Celebrated about 20 days after Dussehra, on the dark

night of Amavasya of the Kartika month (as per Hindu

calendar), Diwali celebrations are spread over five days

of festivities marked with different pujas and rituals. The

two days preceding Diwali are called Dhanteras and

Choti Diwali and the two days post Diwali are observed as

Govardhan Puja and Bhaiduj. Five eventful days linking us

back to a fantastic bygone era when Gods and Goddesses

strode this earth. Extraordinary events in an indefinite

period in time foretold through a plethora of mythological

tales. But what’s surprising is that stories grow old but the

lessons they hold are forever relevant. No matter what the

time frame, good shall always overcome evil. No matter

what the odds, truth always

prevails.

When it comes to puja

ceremonies conducted over

the course of these five

days, not too many people

pay attention to detail. In

fact, since the significance

of such ceremonies is now

lost on most of us, we’re just

content in doing them by rote or conveniently rushing

through them. Aren’t festivals just meant to be enjoyed by

gorging on sweets and delicacies, wearing new clothes,

giving and receiving presents and bursting crackers?

Doesn’t the festival season offer a once in year opportunity

for householders to go on buying sprees and grab the best

offers available in the market? Isn’t that reason enough

to look forward to the Festival of Lights? After all, how

does it matter why Goddess Lakshmi is worshipped with

Lord Ganesha instead of Lord Vishnu on Diwali day? That

cannot affect the market!

Well, some of us do want to go into the details! And no

matter how mundane that sounds, some of us won’t

hesitate to seek out advice related to puja ceremonies.

If something requires to be done, it better be done, er,


09

well. It is for the benefit of those perfectionists among

us that we’ve compiled this list of 21 Vaastu guidelines.

This list has been duly approved by Mr Naresh Singal, a

renowned Vaastu Shastra and Feng-Shui expert based in

New Delhi.

1. Cleaning of your house is important as Diwali is supposed

to enhance the power of the superior energies prevailing

in our surrounding. If possible get it whitewashed or at

least ensure that all the corners, cupboards and drawers

are properly cleaned. All obstructions or clutter should be

removed from the house for free movement of positive

energy. Remember, there should be no cobwebs in the

house.

2. The locker or safe where money and valuables is kept

should also be cleaned.

3. To improve your financial fortunes, place a representation

of Lakshmi in the north together with a few coins.

4. To get rid of unnecessary loans, since Diwali falls on a

Tuesday it is the most auspicious day to get rid of it. Make

list of all loans to be paid off, one day before diwali and

start repaying from next Tuesday. you will start getting rid

of the loans.

5. “Shree Yantra” - Shree means “wealth” and Yantra

means “Instrument” – The Shree Yantra brings about

material and spiritual wealth. Diwali is meant to be an

auspicious day for installing a Shree Yantra in your home

which will give enhance your wealth.

Rangoli are decorative designs made on the floors of living rooms and courtyards during Hindu festivals


6. Add a pinch of salt or sendha namak (salt used during

fast) to the water while mopping the floor as salt absorbs

negativity from the surrounding and gives a clean sweep.

7. Try to keep the windows and doors open during the

day as it will invite the positive energy and let out the

negative energy present at home.

8. The best suitable or auspicious direction to place an

altar is the North-East (Eshaan) corner. If not possible you

can place it in the North or the East direction.

9. Perform the puja facing east side sitting on an aasan

with the presence of all the family members. This brings

peace and prosperity.

10. Use fresh fruits and flowers to offer to the deities

during Pooja. Tulsi and Gangajal can be reused.

11. An image of Lakshmi and Ganesh placed on the front

door enhances positive energy and dispels negativity.

12. Make rangoli at the entrance, with decorative powder

mixed with rock salt, to invite Goddess Lakshmi into your

home. A string of marigold and mango leaves tied at the

main door invites good luck. Do not hang pictures or idols

of Lakshmi at the entrance.

13. According to Vaastu, north is known as Kuberasthana

and bestows wealth and power. It is the best direction

to place a safe box. In order to retain your wealth, place

a statuette of Goddess Lakshmi in the safe with your

valuables.

14. The reason why ‘light’ is an important feature of Diwali

is because it is supposed to ward off evil spirits, bring

in prosperity and energize the surroundings. It is also

believed that homes that are well-lit are always more in

tune with attracting wealth, so make sure that your home

is shining nice and bright this Diwali.

15. Light up four diyas one each in the four directions

(North, South, East and West) of the house which

resembles Lakshmi, Ganesh, Kuber and Indra. Also

10

On the auspicious day of Diwali, people usually bring home idols of Lakshmi and Ganesha for the puja


make sure the big diya kept in the puja room stays lit

whole night.

16. Diwali shopping lists are of course quite exhaustive. It

is also suggested that the coins which are used during the

pooja should later be stored in red pouches with golden

strings, as they are believed to be symbols of blessings

from Lakshmi and bearers of good luck throughout the

year.

17. Put pitchers of water and ‘kalash’ in the east or north

of the pooja room.

18. The idols must not face the door of the pooja room or

one another and place them in the north-east direction.

Also, avoid keeping photos of those who have passed

away in the pooja room.

19. Place a crystal bowl filled with water and rose petals

on the centre table of your drawing room. Float five diyas

or candles in the bowl and light them after sunset.

20. It is auspicious to welcome Goddess Lakshmi to the

puja room by stamping small footprints from the entrance

of the house to the puja room. Use the side of your closed

fist and make five dots on top to show footprints.

21. Avoid wearing black colours on this Diwali. Wearing

clothes of red, yellow, purple, white, cream, blue colours

would add to the joy. Also avoid gifting crackers to your

friends or near ones.

Vaastu Shastra has assumed vast importance over the

years. Centuries ago, ancient Indian sages and rishis

created Vaastu Shastra for the welfare of entire humanity.

Over the past few years, there has been a tremendous

rise in the number of people who’ve turned to the ancient

science, seeking solutions to their problems. Many of

them have reported surprising results.

11

Our sincere thanks to Vaastu Shree, Vaastu

Visharad Shri Naresh Singal, Vaastu &

Feng-Shui Consultant. For any further

queries on the subject, readers can contact him on

[email protected]

Diwali celebrations are incomplete without fuljharis (sparklers)


newsdeskREAL ESTATE & INFRASTRUCTURE NEWS

14

regional

Homestead, the London-based

real estate company announced

the launch of Michael Schumacher

World Tower in Sector 109, Gurgaon.

Spread over approximately 5 acres,

this project will consist of 28 high rise

floors and offer about 100 homes.

Times Property Expo Venue: Pragati MaidanDate: 07 Dec to 09 Dec 2012

Property & Investment Fair Venue: Shahenshah PalaceDate: 15 Dec to 16 Dec 2012

Michael Schumacher World Tower

forthcoming events

Gurgaon

The Haryana CM Bhupinder Singh

Hooda has stated that the Change

of Land Use (CLU) was allowed

even in small towns like Narwana for

development works and everything

was done as per the rules in the

State. He said this is contrary to what

the previous INLD government did

by focusing only in Gurgaon.

Change of Land Use Gurgaon

India Against Corruption activist

Arvind Kejriwal blamed Haryana CM

Bhupinder Hooda of favouring the

City Beautification Committee of the

Municipal Corporation is coming up

with a project to beautify roads in

Chandigarh which link UT to Mohali

and Zirakpur. Initially, one road will

Arvind Kejriwal

Beautification of Roads

Manesar

Chandigarh

House Tax

Low Cost Housing

Supernova Chandigarh

New Delhi

New DelhiThe Chandigarh Municipal

Corporation has finally compiled data

relating to the number of houses in

Chandigarh, and which ones would

be liable to either pay house tax or

service charges. The records, along

with tax pattern recently adopted by

Haryana would be placed before MC

house tax committee scheduled to

meet in November.

Minister for Housing and Urban

Poverty Alleviation, Ajay Maken

has recently announced that the

proposal for external commercial

borrowings for low-cost housing has

been cleared by the Reserve Bank of

India and the Finance Ministry. The

National Housing Bank has been

asked to make the draft guidelines,

which will soon be finalised.

Real estate firm Supertech has

announced its tie up with hospitality

chain The Leela Palaces, Hotel and

Resorts for management of its luxury

hotel in Noida. Being developed

at an investment of Rs 450 crore,

“Supernova” is expected to be be

complete in four years time.

Ludhiana Delhi

newsdesk

builders. Addressing farmers at the

Rashtriya Kisan Mahapanchayat, he

said that the CM was working on the

behalf of private builders and had to

change the use of land bought by

Robert Vadra so that he could sell

the same land to DLF at much higher

price.

be taken up as a pilot project and

the remaining ones would be worked

upon later.


national

15

Heritage lovers in Chennai have

written to Union Finance Minister P

Chidambaram seeking his help to

restore the historic Bharat Insurance

building. Its been six years since

the building was entangled in a legal

battle to stop its demolition.

The state government’s refusal to

change its position on the 5% value-

added tax (VAT) on residential real

estate pushed the realty developer

community across the state in a

frenzy to finalise the amount due

from them. The Bombay High

Court dismissed a petition by

developers’ bodies challenging the

state’s decision to charge 5% VAT on

dwellings sold between June 2006

and March 2010.

Times Property Expo Venue: Hotel JW Marriott, JuhuDate: 07 Dec to 09 Dec 2012

CREDAI Bengaluru Realty Expo Venue: Gayathri ViharDate: 08 Dec to 09 Dec 2012

Bharat Insurance Building

VAT

forthcoming events

Chennai

Property consultancy firm Jones Lang

LaSalle (JLL) India has set up a new

As per information furnished under

the RTI Act, the Andhra Pradesh

Industrial Infrastructure Corporation

(APIIC) allegedly sold 100 acres of

A study on the status of tigers in the

South-24 Parganas forest division in

the Sunderbans has sounded an alert

on human pressure on the forests,

which could offset tiger conservation

initiatives in the mangroves. While the

study has pegged a presence of 21

tigers in the study area – Ramganga

and Raidighi ranges – the human

density in the 22 villages around

has been found at an alarming 557

persons per square kilometre.

Jones Lang LaSalle

APIIC

Sunderbans

Bangalore

Hyderabad

Kolkata

Pune

In the largest realty deal so far

this year, Lodha Developers has

completed the acquisition of 17-acre

prime land in Mumbai from realty

major DLF for Rs 2,725 crore. In

August, DLF had announced sale of

this land parcel to Lodha Developers

for about Rs 2,700 crore, almost four

times higher than the price it had

paid in 2005.

Nearly 14,000 houses in Bangalore’s

Yelahanka, Byatarayanapura,

Mahadevapura and Electronics City

areas have started to receive Cauvery

water for consumption. Some 28,000

houses had applied for the Cauvery

water connection. The Bangalore

Water Supply and Sewerage Board

(BWSSB) plans to increase the

number of connections in a phased

manner.

DLF

Cauvery Water

Mumbai

Bangalore

BangaloreMumbai

newsdesk

entity JLL Segregated Funds Group

which would raise funds to invest

in the Indian real estate market. Its

first fund worth Rs 300 crore will

be launched soon in the domestic

market.

land at Mambattu village in Potti Sri

Ramulu Nellore district, at the rate of

Re 1 per acre to Apache Footwear

India Pvt Ltd, a Singapore-based

footwear company in March 2010.

K Rosaiah was Chief Minister of

Andhra Pradesh.


16

international

The USD 1 billion replica of the

Taj Mahal that the developers are

planning to build in Dubai will be

four times bigger than the original

monument. The replica — Taj Arabia

— will include one million sq ft of

retail space besides a 300-room

hotel.

Average rents in Discovery Gardens

have shot up with one-bed apartments

witnessing a 25% increase since

beginning of the year. As per data

analyzed by ‘Emirates 4|7’ rents

for studio apartments now range

between Dh30,000 and Dh35,000

per annum compared to Dh25,000

to Dh27,000 pa in the first quarter

2012.

Moscow will soon boast of having

Europe’s tallest building, a distinction

it had lost to London for a few months.

The mixed office and residential

tower called Mercury City has topped

out at 338 meters (1,109 feet).

Indian Property Show Venue: Dubai World Trade CentreDate: 13 Dec to 15 Dec 2012

Smart Investment & International Property Expo 2012 Venue: Hong Kong Convention & Exhibition CentreDate: 24 Nov to 25 Nov 2012

Taj Mahal Replica

Discovery Gardens

Europe’s Tallest Building

forthcoming events

Dubai

Most Britons seeking a home loan

after 2013 will be required to get

professional advice to establish

whether they can afford the

repayments. The Financial Services

Authority has announced that only

people who earn 300,000 pounds a

year, have assets worth three million

pounds or only want minor changes

to an existing loan will be exempt

from a consultation.

Liar Loan Mortgages London

Dubai

Moscow

According to brokers, bankers and

consultants in Athens and London,

real estate is beginning to play a

strong role in the economic recovery

of Greece. Greek investors, especially

those living abroad, are becoming

interested again in commercial

property like hotels and retail, with

demand even coming from the US,

South Africa and Australia.

Adventure Life, a Missoula, MT-based

company, is taking a select group of

travelers on the journey of a lifetime

- a Polar Bear Fly-In; an opportunity

to last until the end of November.

Enthusiastic adventurers can expect

to get some “National Geographic”

type photos of polar bears and get to

live in Arviat Polar Bear Cabins which

is actually a former polar bear hunt

camp.

Economic Recovery

Polar Bear Fly-In

Greece

Canada

Hong Kong Dubai

newsdesk


hot spotsCHANDIGARH CAPITAL REGION PROJECTS

1. Zirakpur R Zone 1

2. Zirakpur R Zone 2

3. Mullanpur - New Chandigarh

4. Kansal

5. Aerocity

6. Mixed Land Use & Industrial Sectors 82, 66, 66A, 66B

7. Landran - Banur Road (Right Side)

8. Landran - Banur Road (Left Side)

9. Kharar Landran - Road

10. Balongi - Kharar Road

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Disclaimer: Map is not to scale and purely for illustrative purpose. Accuracy of the map is not guaranteed.


21

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.

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HOT SPOT IN FOCUS - ZIRAKPUR R ZONE 1

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HOT SPOT IN FOCUS

22

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Disclaimer: Map is not to scale and purely for illustrative purpose. Accuracy of the map is not guaranteed.


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23

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in lakh

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


Location: Sector 1C & 1D, New Chandigarh, Mullanpur, PunjabHighlights: Highlights : “Live & Celebrate the Festival of Life”, 0 K.M. from Chandigarh, located on New Delhi to Anandpur Sahib - Manali proposed road. 200 Acres Integrated TownshipOptions: 250, 300, 500 Sq. Yds.

Chandigarh West Township

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in lakh

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


Location: Extension of Madhya Marg, ChandigarhHighlights: pioneer in its own sense, being the tallest structure of the regionOptions: Approx 450 sq ft and multiples

Omaxe International Trade Tower

BudgetPlanner

BudgetPlanner

in lakh

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



WEEKEND/HOLIDAY HOMES

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

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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

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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

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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: Kais Village, KulluHighlights: First of its kind group housing in HP, Unique terraced landscaping all around.Options: Exclusive low rise designer apartments and Luxurious villas

Kaisville

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

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in lakh

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

24


Sales Organisers/Dealers: Call 9216841278 to Advertise in this space Zigma Wealth: 8146992437

Sales Organisers/Dealers: Call 9872635220 to Advertise in this space Mega Marketing: 9815740230

SS Associates: 9876500036 Call 9815601347


Service Apartments A New Growing Concept

Service Apartments are proving to be the

biggest competition to business hotels—the

cost effectiveness makes it an excellent option

for expatriates, entrepreneurs, multinational

executives, corporates and tourists alike. India

is witnessing a huge demand of service apartments with

the growing trend of guests opting for accommodation for

a longer period with facilities as good as a luxury hotel.

There has been a dramatic increase in the number of

diplomats and business leaders travelling into India, for

whom staying in hotels for weeks or at times months

becomes tedious and does not give them a feeling of being

at home. The service apartments are a comfortable and

cost-effective option for these travellers. Apart from this,

India lately has witnessed a sharp increase in the flow of

corporate travelers who prefer luxury staying option at a

cheaper price than to the hotel.

According to Nayan Seth, General Manager, Taj Wellington

Mews, Luxury Residences, “India’s strong economy

makes it the epicentre of major business and investment

opportunities.” The trend of service apartments in India is

relatively new but is steadily increasing. Service apartments

are popular in the IT city of Bengaluru and Chennai and

this trend has caught on in cities like Mumbai too.

Jaypee Delcourt, Noida

One of the first service apartments in the Delhi/NCR

region, Jaypee Delcourt is situated at the Jaypee Greens

in Greater Noida offering 27 well-appointed deluxe rooms

and 36 service apartments, a 24 hour restaurant Café

Resto, a lounge bar called Silver bar, Wrap It Up, which

is a quick service restaurant, Body n Bliss spa salon, a

28

Choosing a service apartment than to a hotel is not just because of the cost factor but also for a simple reason that service apartments gives a feel of a home away from home with facilities that of a hotel to travelers traveling for a longer period.

Taj Wellington Mews_Lobby Foyer


wellness centre and The Lagoon, an outdoor swimming

pool.

Located at a close proximity to the Greg Norman

Championship Golf course, Jaypee Delcourt is a totally

new concept of ‘creating hospitality with a difference’ and

is the first project under the name of Jaypee Delcourt

launched at Jaypee Greens, Greater Noida.

“With the growing economy, there is a huge demand of

creating ‘home-away-from-home’ stay options which are

highly driven by executives of multinational companies

(MNCs) and expatriates who come to India on deputation

for periods ranging from weeks to months. The Delhi/

NCR demands high-end serviced apartments because of

the presence of a large number of MNCs and upcoming

corporates and which is increase day by day and so is

the demand of service apartments in near future”, says

Manju Sharma, director, Jaypee Hotels.

Taj Wellington Mews, Mumbai

Situated in South Mumbai, just minutes away from the

city’s commercial centere, Taj Wellington Mews Luxury

Residences offer the privacy and comfort of a private

residence, combined with the amenities and services of

a luxury hotel. Launched in August 2004, Taj Wellington

Mews is designed by John Portman and Associates,

USA and marked Taj’s venturing into luxury-serviced

residences in India.

Spread over 2.6 acres of beautifully, Taj Wellington Mews

Luxury Residences is considered to be a residential

address for businessmen, NRIs, expats and diplomats and

offering an elegant blend of traditional and contemporary

facilities. Taj Wellington Mews Luxury Residences offers

its guest an in-house library with a lounge and a state-of-

the-art business centre.

The 80 exquisitely designed units are fully furnished

homes covering 1,24,000 square feet and include:

• 4 BHK Penthouses (5300 square feet) – 4 units

• 3 BHK (square feet) – 18 with maid’s room and 4

without maid’s room – 22 units

• 2 BHK (1500 square feet) – 2 with maid’s room and

29

Taj Wellington Mews_Bedroom Taj Wellington Mews_Jogging Track


30

30 without maid’s room – 32 units

• 1 BHK (square feet) – with larger living area and

balcony – 6 units

• 1 BHK (square feet) – with smaller living room and

no balcony – 4 units

• Compact Studios (square feet) – 12 units

The residency apartments offers a 42” flat screen

television with a home theater system; a fully-equipped

modular kitchen with cooking range, crockery, cutlery,

dishwasher, glassware, microwave oven, refrigerator,

separate utility area with washing machine, dryer, iron

and ironing board.

The recreation facilities at Taj Wellington Mews include a

jogging track, swimming pool, gymnasium and the Jiva

Spa.

Fraser Suites- New Delhi

Built to meet the needs of today’s way of life, Fraser Suites

is located at the District Center of Mayur Vihar, Phase-1,

New Delhi, Fraser Suites New Delhi. Equipped with LEED

compliance features and every ultra-modern space that

provides true environmentally - conscious living with

emphasis. Spread over eight floors , the 92 ultra-modern

serviced residences offers 54 studio apartment, 26 one-

Bedroom Suite and 14 two Bedroom Suite with some

unique features right on your doorstep.

Along with the gold class facilities in their apartments

and suites, they also have The Epicure, which provides

lip smacking, delicious and healthy food, International

cuisine and Indian cuisines and is one of the most

exquisite junctions of regular service for Breakfast.

The Business Area at the Fraser Suites includes a fully

equipped business centre with meeting facilities, and

The Retreat which is an award winning business facility

infusing business with pleasure and a Library Lounge.

The ninth floor is dedicated to leisure services and can

Taj Wellington Mews_Rooftop PoolFSND_Lobby


31

be known as an entertainment floor. The floor offers a

well-equipped Health club and a Fitness Center, Steam

and Sauna / Jacuzzi, Snooker & Foosball Table, Kids

Room and Golf simulators the only one in the city. The

residence features offered to the guests includes a fully-

furnished serviced residence with integrated living, dining

and kitchen.

Service Apartments @ Four Points by Sheraton, Pune

Located on Nagar Road, the service apartments at Four

Points by Sheraton Pune is an ideal choice for guests to

enjoy the convenient access to the airport, leading retail

centres and offices. With amenities similar to a hotel,

including housekeeping, room service, travel desk and

security, the apartments are designed keeping in mind

the comforts of a discerning guest.

“The reaction that we have received for the Service

Apartments has been outstanding. With the increase of

emigrants in a booming city like Pune, we knew that an

extravagant and comfortable stay is what they look for and

for this what can be better than the homely feeling you

would get even when you are miles away from home. The

concept is a hit for Pune”, says Pankaj Mathur, General

Manager, Four Points by Sheraton, Pune. “There is a

huge potential for this market to grow and the sectors

generating this demand are IT, BPO, KPO, bio-technology

infrastructure, telecom and to a greater extent, visitors for

medical tourism”, he adds.

Taj Wellington Mews_Kitchen

Taj Jiva Spa - Hydrotherapy Room 4

Taj Wellington Mews_Gymnasium

Taj Wellington Mews_Delicatessen_Weli Deli


Tips On Buying A Resale Residential Property


The primary advantage of going in for a resale

flat would lie in buying a home in a strategic

location where no new supply is coming in.

If one has personal cash resources at one’s

disposal and is not reliant on a home loan

(a home loan on a very old property cannot be taken for

granted), buying a home in a project that is 20 years or

more in age can be a good investment bet if the residential

property is in a strategic, high demand location with low

or no new supply. This would mean that the project would

come up for redevelopment, ensuring a tidy profit to the

owner.

Documentation And Procedures

All the documents that are applicable for a primary

residential property sale would be required for a clear

resale flat transaction, as well. The seller should be able

to produce all original documents. The buyer should

establish the existence of a proper Society. The original

sales deed and the Society share certificate are most

important, since the transaction cannot proceed without

them. Also, the buyer should bear in mind that in the case

of a resale property, proper transfer and re-registration is

necessary.

The documents required for registration of residential flats,

apart from the sale deed, include a letter from the society

that reflects details such as the number of floors in the

building, the construction year, the apartment’s built-up

area and the number of lifts in the building. Also required

is an assessment bill to the Society from the municipality

in question, a NOC from the Collector if the building exists

on Collector’s land, a copy of the property card, and a

receipt for the payment of registration fees. In addition,

the buyer of a resale flat should ask for a clear ownership

history if the residential property has changed hands

before. The local registrar will establish the authenticity of

these documents. If one is buying the property via a home

loan, the bank will run a routine due diligence.

Are Resale

P r o p e r t i e s

Always Cheaper?

Not necessarily.

In the larger

cities, new

r e s i d e n t i a l

property supply

is scarce or non-

existent in many

central locations.

In such areas,

there would not

be a question

of discounts on

resale properties.

Discounts are more prevalent in areas where the market

is more competitive. That said, resale properties are sold

either by the primary owners or by investors. As such,

there is a higher possibility of flexibility in payment terms.

Points To Note

There are certain challenges that a buyer of a resale flat

may face. This could include lack of proper chain of

documentation, especially in cases where the property has

changed hands more than a couple of times in the past.

If the property is over 18-20 years old, it is possible that it

was never formally registered in the first place. Registering

it at the current point in time would put the onus of paying

the stamp duty in arrears on the buyer. There may also

be additional expenses for repairs to masonry, plumbing,

electrical wiring and fittings. Obtaining a home loan for a

property which is anywhere close to 50 years of age can

also be a challenge.

Finally, one should bear in mind that the Indian residential

property market is in a constant state of evolution. One

is unlikely to find the facilities and amenities that are

available in the newer projects on the market in an older

building.

Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India

How To Buy An Investment Property In Hot Markets


Investing in real estate is a time-honoured method of

achieving financial success. Throughout the ages,

investment property has helped a lot of people

make a great deal of money – sometimes quickly,

sometimes over the long term.

Those who invest for the short term are generally known

as property speculators, and they play a dangerous game.

Long term property investment is for forward thinkers

who have an investment horizon of at least five years.

The objective of a long-term property investor is to buy

a property at a low price and sell it at a higher price. To

be successful at this, one needs to know what is going to

happen in a certain location over the next few years.

You will need to invest in a growing location, not an

established one. This is especially true if you are a middle-

class person living off a middle-class income. There are

two reasons for this. First of all, properties in established

locations cost a lot of money. At the same time, their long-

term investment value is lower. The reason for this lies in

the nature of the real estate market. The costly (or ‘prime’)

areas gained their value over a certain period of time but

will eventually stagnate or even down.

Real estate gains its value because of new infrastructure

projects, shopping centres, public transport facilities, etc.

These can happen only in new growth areas, because

established areas tend to have reached saturation point

in these respects. If you look at the central locations of

Pune, you will see that nothing more can happen there.

These areas are saturated. In many of them, residents are

facing a lot of problems because of overcrowding, lack of

parking, open spaces, playgrounds for their kids, pollution

and traffic clogging.

Even with the best of intentions, the city planning

authorities cannot do anything to make life better for

them – there is simply no space left. Though the property

rates in Pune’s prime areas are high, they cannot rise

much further because the future has nothing to offer

there. Long-term property investment means buying real

estate in an area while it is on the rise – not when it is in

saturation or decline mode. Buying investment property

means buying it where people are going, not where they

have already been for generations.

A hot property

market is one

where there

are upcoming

changes in the

infrastructure,

and where

h o m e b u y e r s

are headed.

In the case

of Pune,

this would

e s p e c i a l l y

include areas

like Undri,

Baner, Kharadi

and Wagholi.

Infrastructure can include things like major highway

construction and shopping and entertainment facilities.

Look for areas that have a lot of employment options,

because people always want to live close to where they

work.

Also keep your eyes open for areas where large corporations

are relocating or already exist and have room to expand.

When this happens, the real estate market in that area will

boom due to demand for housing and small businesses.

Business is one of the most reliable drivers for real estate

prices.

Kishor PateHon. Secretary, CREDAI (Maharashtra)


Investing In A Pre-Launch Residential Project

36

Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India


Regardless of the state of the economy,

associated market sentiments and on-

going funding trends, developers need

to generate initial capital to successfully

launch and complete their projects. Only

by doing so can they maintain the kind of churn that

makes the real estate development business profitable.

However, lending to the real estate sector is currently in

a low-sentiment phase. Interest rates are high for funding

that is still available, and some developers do not meet

the required eligibility norms for funding at all. In such

circumstances, they may seek to raise interest-free capital

from the market by pre-launching their projects.

A pre-launch (or ‘soft’ launch) is a situation where

a developer apprises an inner circle of brokers and

investors of the availability of properties in a project that

has not been officially put on the market yet. Word of

such an arrangement spreads by word of mouth and via

email, but does not figure on the developer’s website or

in other marketing media. The kind of buyers who show

interest for pre-launch projects are usually opportunistic

investors and end-users who seek to benefit from the

price advantage and can wait for a couple of years before

getting possession of their flats.

Investing in pre-launched projects is a high-risk

undertaking which can pay off as long as one has factored

in all possible variables. It makes most sense to investors

who have a high risk appetite and the ability to weather an

eventual setback. Investing in pre-launches is, generally

speaking, not a route that end users are advised to take

unless there is a high degree of certainty implied in the

builder’s brand and track record.

The price advantage of buying into a pre-launch project

can be anything between 5-20%, depending on various

market factors. However, the high risk factor must not be

ignored. The project may not be cleared for home loan

approvals, or the developer may not have obtained all

the required permissions for the project. Also, the funds

generated by pre-launching the project may not cover the

total cost of construction and the project may be delayed

or even shelved.

Investors into pre-launched projects need to do a fair

degree of due diligence before deciding to go ahead:

• They must establish whether the builder has free

and clear ownership of the land on which the project

is being built. An agreement between builder and

the original owner of the land is not sufficient.

• The project needs to have a IOD (intimation of

disapproval). This is a set of instructions that a

developer needs to comply with so that he can

legally construct the project. The IOD is valid for one

year and needs to be reissued if the project has not

been completed in a year’s time.

•` The project also needs to have a commencement

certificate in place.

While considering a pre-launch option, it is certainly

necessary to establish the trustworthiness of the builder.

This includes investigating his track record for transparent

dealings and compliance with legal formalities, his

overall track record for timely project completions and

the magnitude of experience he has had in the industry.

Established builders with good reputations in the local

market are generally safer bets, since they are able to

bring in the necessary approvals and attract a healthier

response from the market. The latter fact is important

because the developer’s ability to complete the project

depends at least partially on bringing in a certain critical

mass of sales when he pre-launches a project.

For Sale at : Leading book shops, Retail Stores. Complimentary Copy at: Car Showrooms, Jewellery Stores, 5 Star Hotels, 4 Star Hotels, Gyms & Spas, Doctor Clinics, Banks & Financial Institutions dealing in Home Loans, Leading Builder Premises.

Property & Wealth Magazine is now available

38

Shot in the head and neck in an assassination attempt

by Taliban gunmen while returning home from school,

Malala Yousafzai is a young education activist from the

town of Mingora in the Swat District in Pakistan. Taken

to Britain in an air ambulance provided by the UAE on

Oct 15, the 15 year old is now recovering in hospital.

Having survived such an attack from close quarters

is in itself a miracle and Malala now provides a lone,

vibrant symbol for a seriously troubled country.

Based on the epic graphic novel by Frank Miller, 300 is

a ferocious retelling of the ancient Battle of Thermopylae

in which Spartans fought to the death against Xerxes and

his massive Persian army. An amazing group of Spartan

fighters rally around their king (played by Gerard Butler)

and fight their formidable foes, the odds stacked heavily

against them. They fight as if they’ve practiced all their

lives, in preparation for this battle. 300 has a fantastic

story that can charge you up for weeks!

300Malala Yousafzai

searchbutton


39

Earlier this year, a swarm of buzzing, glowing little robots

took the Internet by storm. The video in which they

appeared has amassed more than six million views on

YouTube. You can see twenty flying helicopter-robots

hover in the air, glide together to form a perfect square

and then zip through a small opening in pairs. One

of the robots’ co-developers, Vijay Kumar is an Indian

roboticist and professor in the School of Engineering

& Applied Sciences at the University of Pennsylvania,

USA.

Vijay Kumar

inspiration from everywhere

Born in Mount Morris, Illinois to a Lithuanian mother

and an American father, Akiane is primarily a self-

taught painter. She started drawing at the age of four,

advancing to painting at six and writing poetry at seven.

Her first completed self-portrait sold for US$10,000.

According to Akaine, her art is inspired by her visions

of heaven, and her personal connection with God.

Akiane Kramarik


Money and Happiness


In the month of September this year, Time magazine

reported a study that people who earned over

$75,000 a year were definitely happier. The new

study from Princeton University’s Woodrow Wilson

School suggests that the lower a person’s annual

income falls below that benchmark, the unhappier he

or she feels. On top of that, the study indicates that

no matter how much more than $75,000 people make,

they don’t report any greater degree of happiness. Well,

$75,000 is a lot of money. It comes to Rs 40,97,242.50

in Indian currency!

Its hard to know how the researchers went about their

work but such shocking statements do trigger a couple

of questions in our mind. Firstly, isn’t it true that some

people become very wealthy and yet they struggle to

enjoy their lives. And on the other hand, there are people

who go through life with very few money problems simply

because they are able to make the most of what they

have.

Interestingly, another study which recently appeared

online in Psychological Science had a different story to

say. It categorically states that happiness in life has more

to do with respect and influence than status or wealth.

According to the researchers in this team, one possible

reason money doesn’t buy happiness is that people may

get used to their higher income, but they never tire of

being admired by others. Opinions may vary but it is felt

that the conclusions reached by the second study are

more acceptable!

Its true that many of us aren’t satisfied with how much we

have now and we do spend a lot of time worrying about

it. The notion that money can’t buy happiness isn’t new

but it doesn’t say the whole story. The researchers at

Princeton used Gallup data collected from almost half

a million Americans. The amount of $75,000 wouldn’t

sound too intimidating to an American and as far as

Indians are concerned, a similar survey in India would be

better understood.

Whatever the experts might say or research might suggest,

if money doesn’t amount to happiness, neither does

poverty. And come to think of it, we don’t have to depend

on research done by others to know what’s best for us!

Happiness will remain a subjective term. If a salary raise

of Rs 10,000 made Mr X happy one day, a Rs 10 lakh

lottery might fail on another day.


42

quotemagic

“Prosperity is a way of living and thinking, and not just money or things. Poverty

is a way of living and thinking, and not just a lack of money or things.”

Eric Butterworth

The author of 16 best-selling books on metaphysical spirituality, a gifted

theologian, philosopher, and lecturer, Eric was a highly respected New Age

pioneer and innovator of New Thought

“Prosperity is a way of living and thinking, and not just money or things. Poverty

is a way of living and thinking, and not just a lack of money or things.”

Eric Butterworth

The author of 16 best-selling books on metaphysical spirituality, a gifted

theologian, philosopher, and lecturer, Eric was a highly respected New Age

pioneer and innovator of New Thought


Buying Your First Home


Buying a home is undoubtedly going to be

one of the most expensive investments in

your life. And for first time home buyers,

the process can be very challenging and

confusing to say the least. To begin with,

you must not opt for a property that costs more than 60-

75 times of your gross monthly salary in case you want

to avail yourself a loan. Once you’ve decided on your

budget, be prepared to spend hours and days looking for

a suitable property, doing background checks and finally

scouting for the best deal on a home loan.

The comparison of home loan interest rates of various

lenders is not enough. How does one ensure that your

home loan does not turn out to be too expensive over the

duration of the loan? The interest rates depend on various

factors, including availability of money in the market

(liquidity), inflation and monetary policies. If you’ve opt

for a floating rate loan, your home loan instalments will

keep changing with fluctuations in interest rates. In case

of a fixed-rate loan, your monthly outgo is calculated at

a higher interest rate even when the market is flush with

liquidity and funding is cheap. To keep your total interest

outgo at the minimum, you need to know whether it is

time to opt for a fixed or a floating rate loan.

KNOW THE RIGHT OPTION

Interest rate for most loans is linked to the lender’s base

rate, which is decided by the banks based on the Reserve

Bank of India guidelines. As banks review their base rates

at least once in a quarter, your interest rates may go up (or

down) based on the call taken by the bank. In contrast to

floating rates, fixed rates are expected to remain the same

for the entire term of the loan. Fixed rates are generally

0.5-1.5 percentage points higher than the prevailing

floating rates.

Though fixed rate loans are disbursed at a higher rate to

compensate for the risk of rate fluctuations, several banks

offer a fixed interest rates only for a specified duration,

after which the loan rate is realigned with the prevailing

market rate. For example, fixed housing loans offered

by Punjab National Bank is disbursed at rates higher by

a fixed margin as compared with floating rate of similar

duration and remains the same for five years. The interest

rate is revised every five years and the reset rate always

remains higher than the prevalent floating rate by the

fixed margin.

Fixed rates provide you protection from rate fluctuations

and give you a sense of security and certainty in terms

of your cash flow even when market rates are rising.

Generally, fixed loans have higher exit charges and pre-

payment penalties. These may also have more restrictions

on partial pre-payment.

CHOICE MAKING

The decision to choose floating rate or fixed rate should

depend on their difference, various economic factors and

outlook. One important factor that can be easily known is

the difference between floating and fixed rates and the

level of interest rates at the time. You should also factor

in your risk appetite while choosing between fixed and

floating rates. If you want stability in terms of cash flow, a

fixed loan that remains the same during the entire term

might be a good option. However, you need to ensure that

the interest rate is low enough to enter into a long-term

loan contract. Before taking a loan, it might be good idea

to consult an expert so that you get the best loan for your

dream home. If interest rates are low and you need a loan

for a short term, a fixed rate loan might be a good choice.

For all other scenarios, you better do some quick maths.

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Sachin TendulkarThe Foodie!

The Master Blaster’s love for non-vegetarian dishes is well-known. His hunger for runs is only matched by his appetite to try out cuisines from across the world. At the launch of ‘Cooking on the Run’ by Boria Majumdar, he made a startling revelation. “I’ve tried out snails,” he said, “but they were not too good!”

eyecatchers

Sachin TendulkarThe Foodie!

The Master Blaster’s love for non-vegetarian dishes is well-known. His hunger for runs is only matched by his appetite to try out cuisines from across the world. At the launch of ‘Cooking on the Run’ by Boria Majumdar, he made a startling revelation. “I’ve tried out snails,” he said, “but they were not too good!”


Basic Forex Market Concepts

The Foreign exchange market is a large,

growing and liquid financial market that

operates 24 hours a day. It is not a market

in the traditional sense because there is no

central trading location or exchange. Most

of the trading is conducted by telephone or through

electronic trading networks. You don’t have to be a

daily trader to take advantage of the forex market -

every time you travel overseas and exchange your

money into a foreign currency, you are participating in

the foreign exchange (forex) market. Let’s take a look

at some of the basic concepts that all forex investors

need to understand.

Major Economies

Unlike the stock market where investors have thousands

of stocks to choose from, in the currency market, you

only need to follow eight major economies and then

determine which will provide the best undervalued

or overvalued opportunities. These following eight

countries make up the majority of trade in the currency

market:

• United States

• Eurozone

• Japan

• United Kingdom

• Switzerland

• Canada

• Australia

• New Zealand


These economies have the largest and most sophisticated

financial markets in the world. By strictly focusing on these

eight countries, we can take advantage of earning interest

income on the most credit-worthy and liquid instruments

in the financial markets. Economic data is released from

these countries on an almost daily basis, allowing investors

to stay on top of the game when it comes to assessing the

health of each country and its economy.

Yield and Return

When it comes to trading currencies, the key to remember

is that yield drives return. When you trade in the foreign

exchange spot market, you are actually buying and selling

two underlying currencies. All currencies are quoted in

pairs, because each currency is valued in relation to

another. You are obligated to pay the interest on the

currency that you have sold, but you also have the privilege

of earning interest on the currency that you have bought.

Leveraging Returns

The forex market also offers tremendous leverage - often

as high as 100:1 - which means that you can control

$10,000 worth of assets with as little as $100 of capital.

However, leverage can be a double-edged sword; it can

create massive profits when you are correct, but may

also generate huge losses when you are wrong. The

use of leverage basically exacerbates any sort of market

movements. As easily as it increases profits, it can just as

quickly cause large losses. However, these losses can be

capped through the use of stops. Furthermore, almost all

forex brokers offer the protection of a margin watcher - a

piece of software that watches your position 24 hours a

day, five days per week and automatically liquidates it once

margin requirements are breached. This process insures

that your account will never post a negative balance and

your risk will be limited to the amount of money in your

account.

Carry Trades

Currency values never remain stationary and it is this

dynamic that gave birth to one of the most popular trading

strategies of all time, the carry trade. Carry traders hope to

earn not only the interest rate differential between the two

currencies, but also look for their positions to appreciate

in value. There have been plenty of opportunities for big

profits in the past. Between 2003 and the end of 2004,

the AUD/USD currency pair offered a positive yield spread

of 2.5%. Although this may seem very small, the return

would become 25% with the use of 10:1 leverage.

Carry Trade Success

The key to creating a successful carry trade strategy is not

simply to pair up the currency with the highest interest

rate against a currency with the lowest rate. Rather, far

more important than the absolute spread itself is the

direction of the spread. In order for carry trades to work

best, you need to be long a currency with an interest rate

that is in the processes of expanding against a currency

with a stationary or contracting interest rate. This dynamic

can be true if the central bank of the country that you are

long in is looking to raise interest rates or if the central

bank of the country that you are short in is looking to lower

interest rates.

Getting to Know Interest Rates

Knowing where interest rates are headed is important

in forex trading and requires a good understanding of

the underlying economics of the country in question.

Generally speaking, countries that are performing very

well, with strong growth rates and increasing inflation will

probably raise interest rates to tame inflation and control

growth. On the flip side, countries that are facing difficult

economic conditions ranging from a broad slowdown in

demand to a full recession will consider the possibility of

reducing interest rates.

The Bottom Line

Thanks to the widespread availability of electronic trading

networks, forex trading is now more accessible than ever.

The largest financial market in the world offers a world

of opportunity for investors who take the time to get to

understand it and learn how to mitigate the risk of trading

here.

50

Stop Using Plastic Bags!Plastic Bags are slow to decompose and cause untold harm to wild-life. Plastic manufacturing uses valuable mineral resources and also has a negative impact on carbon emissions. Better use jute bags.

planetsavers


Lynette “The Money Coach” Khalfani’s Zero

Debt – Ultimate Guide to Financial Freedom

represents a honest, realistic and in your face

approach to managing and eliminating debt

by outlining a 30-day step-by-step process in

becoming financially fit. In it, Khalfani recounts her own

struggle at one time with $100,000 in credit card debt,

and how she was able to overcome debt that was crippling

her financial destiny.

ZERODEBT

The Ulimate

Guide to Financial

FreedomLYNNETTE KHALFANI-COX

52

bookshelf

This book is currently available with www.homeshop18.com for Rs 608/-*


54

The Wu Lou Feng Shui Amulet


One of the most popular feng shui cures, the

Wu Lou has many uses for the feng shui

enthusiast - from a money cure to a good

luck and long life symbol. Buddhists and

Taoists regard the Wu Lou as a symbol of

good fortune in health and longevity. Most commonly the

gourd is made of either metal or wood, but you can also

find a Wu Lou made from jade, porcelain or even glass.

The shape itself is considered very auspicious for health

purposes, but it is of even further value to have pictures

drawn, painted or carved onto them.

A good feng shui Wu Lou comes adorned with such

details as red tassels, various symbols, crystals, or images

of ancient gods. These details imply the best use of the

gourd as a specific feng shui cure. The Wu Lou is used

not only to attract the energy of money, but also as a

feng shui cure for health and good luck. Many depict the

Eight Immortals, deer, cranes, Chinese calligraphy and

flowers among other things. The Wu Lou is also often tied

in the center with a red ribbon, cord or string for further

“activation”. Wu Lou’s can be seen associated with Sau,

the God of Longevity. Sau often either holds a Wu Lou or

has them drawn on his long robes. Lee Tie Guai is one of

the Eight Immortals (eight superior beings representing

the various characteristics of good fortune) who is often

associated with the Wu Lou as well.

This gourd-shaped amulet is said to have originated in

Ancient China where real gourds were hollowed out and

dried, then filled with a liquid that ensured longevity and

even immortality. They were also used on long travels

so that hydration

was retained and

preserved. This is

presumably how they

became widely known

as a health cure.

How to Use the Wu

Lou

Set it by your bedside

if you are ill or

accident prone, or at

the entrance to your

home. Wear one as a

charm on a necklace

so that it rests on

your body. These

small charms are

often made of jade

for further protection,

but any material is a fine representation of this auspicious

amulet. You can also carry it as a keychain.

Residential Cum Commercial Plot For SaleSize 200 sq.yd.at Peer Muchhalla, Sector-20, Panchkula

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Contact: 98761 26006

56

softcorner

Now recognised globally as the jaunty host of Slumdog Millionaire, Anil Kapoor donated his entire fee from the 2008 movie, about Rs 4.3 cr, to Plan India, an NGO that supports the cause of the girl child. “I think I have never done enough ... I would love to do still more,” said Kapoor after donating his earnings from Danny Boyle’s multiple Oscar winning directorial.

Anil KapoorAge 55 yrs


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