weekly realty digital magazine weak rupee...

Gautam Gambhir’s choice Serabella

6 July 2013

Weekly Realty Digital Magazine

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FUNNYJOKES & Many More

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GURURead page no. 3

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GYAN

Virat Kohli fined for slow-over rate

Raanjhanaa is a 2013 Indian romantic drama film

BAttERED INDIA FAcE UphIll tASK

Readpageno.12

NRIs Invest in RealtyWEAK RUpEE MAKES

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Read Inside

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Important helpline Nos.11

News & Updates - Noida

6

Knowledge & Entertainment

7

Bollywood & cricket updates 8

cover Story 4-5

Guru Gyan

3

Edited by - priyanka Jadon | [email protected] - Danish Suhail | [email protected] - Sunil Bidaliya | [email protected]

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Guru Gyan

http://www.indianrealtynews.com/other-city/govt-to-use-own-vacant-land-for-projects.html

Govt to use own ‘vacant land’ for projects

Since coming to power in the state a year ago, the Samajwadi party government has been avoiding major land acquisition and has even failed to come out with a fresh land acquisition policy as promised in the poll manifesto. But now the government has come out with a “unique” solution to make land available for development projects.the government has ordered a survey of “vacant land” lying with different departments — like housing, industry and mandi parishad — across the state and has asked them to make the “ideal use” of them for development projects.

the Uttar pradesh State Industrial Development corporation (UpSIDc) has been given the additional task to conduct a survey to identify which of these lands can be given as a “sweetener” to private developers for developing infrastructure projects like roads and expressways under the public-private partnership model.

As a first step, all departments on the instructions of chief Secretary Jawed Usmani have sent district-wise data of vacant lands available with them. After a preliminary survey, vacant land at about 1,551 places across the state has been identified, which runs into thousands of acres. these lands mainly belong to horticulture, agriculture, tourism, animal husbandry, small scale industry, irrigation and transport departments.

“After land acquisition related unrest in western Up in 2010 and 2011, the Samajwadi party had promised to provide six times the circle rate as compensation for acquiring land.

however, despite best of efforts, it has become difficult to come out with a formula under which farmers are given six times the circle rate and at the same time keeping the project financially viable. thus, for the time being, this seems like a better idea to keep development projects going,” said a senior officer.

According to sources, quick allocation

of land for central Institute of hotel Management, catering technology and Applied Nutrition in Amethi — the lok Sabha constituency of congress vice-president Rahul Gandhi — was the result of this exercise. congress leaders were surprised when the state government gave the land in less than 15 days of Union cabinet clearing the project. About 2.5 acres available with Rahi Guest house of tourism Department in Jagdishpur was identified from the list of vacant

lands.

After compilation of the initial data, now housing and Urban planning Department, Industrial Development Department, UpSIDc, Mandi parishad as well as all district magistrates and commissioners have been asked to conduct their own surveys for finding out the “ideal use of land available with government department and

institutions for developing public infrastructure.”

On identification of land for specific industrial, housing or other use, each of these cases would be taken up by the state cabinet for transfer of land from one department to another.


Acquacasa

Aquacasa construction Updatelevlling work completed


Rudra’s Exhibition

Important helpline Nos.police control Room 2525100 ,, 2351324 ,, 2350100In case of Accident 2528058 ,, 2521073SO Sec- 20 2523102 ,, 4349042SO Sec- 24 2411173 ,, 4349045SO Sec-39 2577100SO Sec-49 2573665 ,, 4349046SO Sec-58 2580412 ,, 3223308SO phase 2 2568600Fire Service Fire Station harola 2521111Fire Station Sec-58 2562901Fire Station phase 2 2562999Fire station Greater Noida 2569109power control Room 2441614 ,, 2444100 telephone GM 2441100BSNl help Desk 2051005BSNl customer care Service 2441500 ,, 2440198hospitals Asha the child care 2584931Apollo hospital 2445353 ,, 4012000Bhardwaj hospital 2450222 ,, 2450333city hospital 2522303 ,, 2522784Diabetic clinic 2547235Dermatology Service 2529503 ,, 2529785Dhama clinic 2508254 ,, 2506167District hospital (Emergency) 2456174Dr chauhans Ortho & Nursing home 2520599 ,, 2544333

Dr lal path lab 2539510 ,, 2539512ESI hospital 2411350 ,, 2411352ESI Despensary Sec-12 2553720ESI Despensary Sec-24 2411350 ,, 2411352Fortis hospital 2400222 ,, 2400444Goodwill hospital 2500611 ,, 2500711Indo Gulf Diagnostics 2519505 ,, 2519506Kailash hospital & heart Institute 2444444 ,, 2445566Max hospital 2549999Metro heart Institute 2533491 ,, 2519489Metro Multyspeciality hospital 2522056 ,, 2522959Noida Medicare centre 2453809 ,, 2453801 ,, 2453808Noida psychiatric clinic 2587215prakash hospital 2504050 ,, 2505555prayag hospital 2575555 ,, 2570209Samvedana hospital 2506611 ,, 2506622Sperm Solutions 5319451Sumitra hospital 2507625 ,, 2507725 ,, 2556455Vinayak hospital 2444222 ,, 2444333 Medical Stores 24*7 All Days chemist (Bharadwaj hospital) 4310338Ganesh Medicose, Sec-18 2511744Kaushal Medicose, Sec-34 2590235Neelkanth chemist, Sec-27 4357583NeelKath Drugs pvt ltd (Vinayak hospital)


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the fall of rupee value against US dollar has one more section of the society to cheer about, this time, the NRIs. their target now is the sagging Indian property market and their mantra is “invest now and reap benefits soon.”

the record decline in the rupee value and the sluggish realty market have proved to be a double delight for the overseas Indians who are in beeline to invest in the burgeoning property market in India. Kannan Natarajan, a resident of Dubai, has zeroed in on a property in chennai at a rate nearly 35% lower than the peak value. “this is the right time to buy property,” he says adding, “Many of my friends have also decided to buy property in India. We are expecting an annual 10% to 15% appreciation.”

Since August, the Indian currency has fallen by around 20 per cent against the US dollar. According to real estate companies, brokers, analysts and consultants, this has triggered a substantial rise in the volume of property-related enquiries from NRIs. the actual deal numbers have also gone up considerably. Many NRI buyers are even buying multiple units for investment purposes.

Sathish Sharma, co-founder of Anandam Foundation, a leading realtor who have many projects in west chennai coming up, said, “We are getting good response from Indian buyers from abroad. In fact, due

to sluggish trend in the real estate market across India, I can say, NRIs and Indian companies abroad, are buying properties at a much cheaper rate. As compared to last six months, the property value has now gone done from 10-30 per cent across India and as rupee depreciated to record low, properties are now available at much cheaper rate for NRIs, who are making a kill now.”At the recent property exhibition in

Dubai, many people booked flats on the spot, and several showed keen interest in flying to Mumbai to check out property and finalise decisions.

“In the last three months, we have sold more than 100 units to NRIs, a clear increase of more than 20 per cent over the previous quarter,” said R K Arora, chairman and managing director of real estate developer, Supertech, told Business Standard.

Weak Rupee Makes NRIs Invest in Realty


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“NRIs are mainly interested in Navi Mumbai and Bangalore properties. this time, there was a slightly lower demand for the Delhi market. Going by this response, we have decided to organise and participate in exhibitions in Singapore and other international places that have a large Indian population,” said Reddy, a leading builder in Delhi.

Niranjan hiranandani, managing director of the hiranandani Group, told DNA that, “the decline in the rupee value against the dollar/dinar in the international market has helped to attract more and more NRI buyers. If the cost of the flat is Rs1 crore as per the Indian market, the NRI has to pay only Rs 85 lakh— 15% less, thanks to the record decline in the rupee value.”

commercial opportunities in the West are on a downturn. So, people are looking at the Indian market for investment and business purposes. Sukhraj Nahar, managing director of the Nahar Group concurred. “Many NRIs have shown interest in buying property. they will come to India around the end of December and in January 2012 to see and finalise the properties. Our city developer body is also organising a property exhibition in Dubai to attract more NRI buyers,” he said.

At least 25 per cent of the bookings in the project has been from NRIs, compared with just 10 per cent in our earlier projects, said Director Nayan Raheja of Raheja Developers, adding, “I attribute this trend to the decline of the rupee against the dollar. Now, to leverage on the trend, we are marketing ourselves in the US and canada, as this is just the right time to invest in India.”

NRIs will help us sustain the market. Once the slump is over, our local buyers will turn up in greater numbers

to rejuvenate the market, concludes Manohar Shroff, general secretary of the Maharashtra chambers of housing Industry, Navi Mumbai.

Sops to NRI’s holding Indian passport

NRI’s holding Indian passport do not require prior permission of Reserve Bank of India to buy residential or commercial immovable property in

India.

the purchase consideration may be paid either by remittance of funds from abroad through normal banking channels or out of NRE / FcNR / NRO account.

NRI’s of Indian nationality do not require any permission for acquisition, transfer or disposal by way of gift of immovable property which is not a farmhouse or agricultural land or plantations property. Declaration on form IpI 7 for acquisition of commercial property for carrying on any industrial, commercial or trading activity by their proprietary / partnership firm in India is required to be filed with RBI within 90 days from date of purchase.

Weak Rupee Makes NRIs Invest in Realty

complied byVibhor Kumar


Rudra training

It gives us immense pleasure to acknowledge contribution of RUDRA CHANNEL PARTNER (RCP) for building our success story and sharing future prospectus at length. Where we stand today has become possible because of your relentless support. Come, join us to celebrate this grand occasion over a light refreshment and surprise package for July, August, September 2013

Date : 10th & 11th July’2013Day : Wednesday & ThursdayTime : 11:00 AM - 1:00 PM/3:00 PM - 5:00 PMDuration : 2 Hours Venue : RUDRA Group, A-67, Sec-63, Noida


Finance

DAtE 04/JUlY/2013

NOtIFIcAtION NO. 51/2013“6DDc. conditions that a recognised association is required to fulfill to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43. -For the purposes of clause (e) of the proviso to clause (5) of section 43, a recognised association shall fulfill the following conditions in respect of trading in derivatives, namely: -

(i) the recognised association shall have the approval of the Forward Markets commission established under the Forward contracts (Reg-ulation) Act, 1952 (74 of 1952) in respect of trading in derivatives and shall function in accordance with the guidelines or conditions laid down by the Forward Markets commission;

(ii) the recognised association shall ensure that the particulars of the client (including unique client identity number and pAN) are duly recorded and stored in its databases;(iii) the recognised association shall maintain a complete audit trail of all transactions (in respect of derivative market) for a period of seven years on its system;

(iv) the recognised association shall ensure that transactions (in respect of derivative market) once registered in the system are not erased;

(v) the recognised association shall ensure that the transactions (in respect of derivative market) once registered in the system are modified only in cases of genuine error and maintain data regarding all transac-tions (in respect of derivative market) registered in the system which have been modified and submit a monthly statement in Form No. 3Bc to the Director General of Income – tax (In-

telligence and criminal Investigation), New Delhi within fifteen days from the last day of each month to which such statement relates.

6DDD. Notification of a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43.-(1) An application for no-tification of a recognised association (as per clause (j) of section 2 of the Forward contracts (Regulation) Act, 1952) as a recognised association for the purposes of clause (e) of the pro-viso to clause (5) of section 43 may be made to the Member (legislation ), central Board of Direct taxes, North Block, New Delhi.

(2) the application referred to in sub – rule (1) shall be accompanied with the following documents, namely : -

(i) approval granted by Forward Markets commission for trading in derivatives;

(ii) up – to – date rules, bye – laws and trading regulations of the rec-ognised association;

(iii) con-firmation regarding fulfilling the con-ditions re-ferred to in clause (ii) to clause (v) of rule 6DDc ;

(iv) such other informa-tion as t he recognised

association may like to place before the central Government.

(3) the central Government may call for such other information from the applicant as it deems necessary for taking a decision on the application.

(4) the central Government, after ex-amining the information furnished by the recognised association under sub – rule (2) or sub – rule (3), shall notify the recognised association as a rec-ognised association for the purposes of clause (e) of the proviso to clause (5) of section 43 or issue an order rejecting the application before the expiry of four months from the end of the month in which the application is received.

(5) the notification referred to in sub – rule (4) shall be effective until the approval granted by the Forward Markets commission is withdrawn or expired, or the notification is rescind-ed by the central Government. ”

compiled bycA, Neeru Bajaj


Knowledge & Entertainment

Why are Goals Important? - Must read On the best sunny day, the most powerful magnifying glass will not light paper if you keep moving the glass. But if you focus and hold it, the paper will light up. that is the power of concentration.A man was traveling and stopped at an intersection. he asked an elderly man, “Where does this road take me?” the elderly person asked, “Where do you want to go?” the man replied, “I don’t know.” the elderly person said, “then take any road. What difference does it make?”how true. When we don’t know where we are going,

any road will take us there.Suppose you have all the football eleven players, enthusiastically ready to play the game, all charged up, and then someone took the goal post away. What would happen to the game? there is

nothing left. how do you keep score? how

do you know you have arrived?Enthusiasm without direction is like

wildfire and leads

to frustration. Goals give a sense of direction. Would you sit in a train or a plane without knowing where it was going?

the obvious answer is no.

then why do people go through life without having any goals?

Why are Goals Important? - Must read


woolywood & cricket update

BAttERED INDIA FAcE UphIll tASK India arrived in the West Indies with their confidence rocket-ing sky-high but in just over a week, the engines have come off. the two losses in Kingston mean they now find them-selves in a position where even two wins won’t be enough to guarantee their progression. Both Sri lanka and West Indies have the cushion of a bonus point and India will need to find at least one to improve their position. A loss won’t totally obliterate India’s chances either but will leave them hoping for the remaining results to work in their favour. West Indies, on the other hand, are sitting comfortably with nine points from two games and a win will confirm them as one of the finalists.India were rightly being showered with a lot of praise after their success in the champions trophy which was built on the energy the young shoulders brought. Since then, the players, as well as the captain, have proudly talked about them being the No. 1 side in the ODIs in a manner reminiscent of India’s test team a couple of years back. But there are lessons to be learnt from the nosedive India took in tests after that.

RaanjhanaaRaanjhanaa is a 2013 Indian romantic drama film, directed by Anand L. Rai and written by Himanshu Sharma. The film is produced by Krishika Lulla under the banner Eros International. It stars actor Dhanush in his Bollywood debut, Sonam Kapoor and Abhay Deol in its lead roles.The film was released on June 21, 2013 worldwide,while the dubbed Tamil version titled Am-bikapathy[6] was released a week after its Hindi counterpart.The dialogue of the Tamil version was written by John Mahendran.The background score and soundtrack was composed by A. R. Rahman. The Hindi lyrics of the tracks were penned by Irshad Kamil, whereas the Tamil lyrics were written by Vairamuthu.Within a week of its release, its collections surpassed INR34 crore (US$5.8 million). Box Of-fice India declared the film a hit in India.

Directed by Anand L. RaiProduced by Krishika Lulli[1]Screenplay by Himanshu SharmaStory by Himanshu SharmaStarring Dhanush Sonam Kapoor Abhay DeolMusic by A. R. Rahman

Cinematography Natarajan Subramaniam Vishal SinhaEditing by Hemal KothariStudio Colour Yellow PicturesDistributed by Eros InternationalRelease date(s) June 21, 2013 (Hindi)

Virat Kohli fined for slow-over rateIndia captain Virat Kohli has been fined 20% of his match fee for maintaining a slow over-rate against Sri Lanka. The rest of the India players have been fined 10% of their fees after the side was found to be one over short.


Rudra projects prices to be revised by 01-07-2013

Sources : hindustan times, Navbhart times, times of India, Mail today

We are pleased to announce that our office shifted to the following address A-67, Sector-63, NoidaDial for any query : 0120-4769999Our new office location will provide better access for visitors and employees, especially for driving commuters, as it is located in Noida Sec-63 and close to Nh-24.

Office Relocation Announcement

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