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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,
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
Diwali celebrations are incomplete without fuljharis (sparklers)
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
Location: Gazipur, Zirakpur, Near ChandigarhHighlights: Premium 3 BHK & 4 BHK Duplex apartments near upcoming Golf CourseOptions: 3BHK & 4 BHK Duplex aprartments.
Sushma Crescent
BudgetPlanner
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in lakh
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DNA Realtors: 9814334259
Location: Gazipur, near proposed Golf Course, ZirakpurHighlights: Keyless biometric entry, every flat is corner & facingpark, hi-tech securityOptions: 3BHK only
Aero Homes
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in lakh
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Property Manthan: 9582898136, 9582898136
Location: Chandigarh-Ambala HighwayHighlights: Designed by R204DESIGN, leading US architecture firm Professional Cricket Practive Pitches, Golf Putting, Designer Swimming poolOptions: 3BHK & 4BHK flats.
Sushma Chandigarh Grande
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in lakh
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Vinayak Estates: 9356821021
Location: Gazipur, Zirakpur, Near ChandigarhHighlights: Premium 2 BHK apartments near upcoming Golf CourseOptions: 2BHK aprartments 1276 sq. feet. WiFi zone, round the clock security with CCTV.
Sushma Green Vista
BudgetPlanner
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in lakh
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Location: Gazipur, ZirakpurHighlights: Excellent Layout Plans situated near upcoming Golf Course & Express Highway in Zirakpur. Options: 3BHK (1663) & 4BHK+Servant (2630) Flats
Green Valley Towers, Gazipur, Zirakpur
BudgetPlanner
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in lakh
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Location: Gazipur, ZirakpurHighlights: 360 degree view with 6 balconies.Options: 3BHK, 1685 and 1825 sq ft.
Sushma Elite Cross
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in lakh
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HOT SPOT IN FOCUS - ZIRAKPUR R ZONE 1
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this spaceSales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
Location: Mullanpur, New Chandigarh Highlights: Artistically crafted
landscaped vistas. environment
friendly parameters like Rain Water
Harvesting, Water Recycling, Solar
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Options: Plots 250, 350 & 500 Sq.
Yds.
Muirwoods by Altus
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.
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
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GMADA Eco-City
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BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Location: DLF New Chandigarh, Mullanpur, PunjabHighlights: Part of 200 acres eco-friendly township, build to global Standards.Options: Independent Floors, 1880 sq ft GF, 1st Floor, 2nd Floor with life, on 350 sq yard plots
DLF Hyde Park Terraces
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Zigma Wealth: 8146992437
HOT SPOT IN FOCUS - MULLANPUR NEW CHANDIGARH
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.
23
Location: DLF New Chandigarh, Mullanpur, Punjab Highlights: Punjab’s First Eco Town, Foothill of Shiwaliks, Club House, 11 acres of greens 100, 120 feet wide approach roads. Options: 250, 350 & 500 sq yds plots.
DLF Hyde Park Plots
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
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
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
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
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
BudgetPlanner
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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
BudgetPlanner
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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
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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
24
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.
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
Tips On Buying A Resale Residential Property
32 PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
34 PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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)
35PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
Investing In A Pre-Launch Residential Project
36
Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
Money and Happiness
40 PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
41PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
Buying Your First Home
44 PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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!”
48 PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
49PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
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PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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
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This book is currently available with www.homeshop18.com for Rs 608/-*
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
54
The Wu Lou Feng Shui Amulet
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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.
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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
PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012
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