property & wealth nov 2012
DESCRIPTION
Say Yes! to Prosperity Monthly MagazineTRANSCRIPT
News Desk 13
Hot Spots 17
FDI in Multi-Brand Retail - The Gateway Finally Opens 28
UT Administration Hikes Collector Rates 30
Should You Buy A Ready Possession Or Under Construction Flat? 34
Using Residential Property for Commercial Activity 36
Can we, for a moment, imagine the
process of economic development in
our country to be one giant pinwheel?
A well-oiled, vibrant cycle of progress
set perpetually in motion. A wheel of
action, invoked by the faith of millions
in this country who remain � rm believers
in its inevitable return to past glory.
13
08contents October 2012
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 0204
property wise
PINWHEEL RESTART The Prime Minister’s New Promise
COVER STORY
searchbutton 38
10 Business Ideas for a
Shoestring Budget 40
quotemagic 42
36prosperity search The Better CEO 44
eyecatchers 47
3 Ways to Work on Your Willpower 48
planetsavers 50
bookshelf 52
The Buddhas That Laugh 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 & SalesSandeep Kapoor (M) 9818510511 [email protected]
Sales & SubscriptionMr. Ajay Gupta(M) 9216841278
Photography Rohit Bhatia
Pre Press Team: NBC, GopalProduction Team: Upinder, Vikas, Vijay
Advisory BoardHarpreet Pooja & Associates Architects Rajiv Gupta & Associates Chartered Accountant Vikas Chatrath, Advocate
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
contentsOctober 2012
05PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
editorial
about this issue
“If we have to go down, let us go down � ghting.” PM
Manmohan Singh’s bitter-sweet call to action, beckoning
(willing) members of UPA2 coalition to go ahead with
important economic reforms in the face of stiff resistance
from almost all quarters.
Widely expected to stand down in the forthcoming General
Elections in the summer of 2014, our Prime Minister for
the last eight years has set the ball rolling for a hard look
at the state of economic affairs in the country. The man
who lit the fuse for India’s rapid growth in 1990’s, a testing
period when the economy was in the doldrums, just swept
political inhibitions aside to press the reforms button yet
again.
It was no less than a quirk of fate that Dr Manmohan Singh
became the PM of India. He didn’t seek the PM’s seat.
It sought him out. And he hasn’t been very successful.
Unfortunately for India, our learned Prime Minister has
spent the better part of the past eight years with corruption
charges ringing in his ears. He’s sat through countless
Parliament sessions while members chronically debated
what went wrong with everything and less about what
good work could be done. He listened a lot but spoke
very little.
But one � ne day, what do we see? The premier appears
on TV and addresses the nation. He explains at length
the government’s reasons to roll out some not-so-popular
economic reforms. He makes an emotional appeal for
public support and makes a solemn promise and I quote
“I promise you that I will do everything necessary to
put our country back on the path of high and inclusive
growth.” Was it the damning Time Magazine Cover Story
or the Washington Post’s instigating article that did it? But
then, how does that matter?
The PM is Back!
Jasmeet Dhamija Editor-in-Chief
With the UPA government pushing the restart reforms
button in a testing economic scenario in the country, there’s
a lot going through our minds. The PM’s address to the
nation (as seen on television) regarding the government’s
new campaign was full of elaborate justi� cations, an appeal
and a promise. Pinwheel Restart is an unusual Cover Story
which takes the die-hard optimist’s view of the situation.
FDI is the hottest topic these days and Pankaj Renjhen’s
article on FDI in Multi-Brand Retail studies the impact
which the recent decisions taken by the government
is likely to make on retail in India. The collector rates in
Chandigarh have just been revised. You can see both
former and current rates of locations of your interest in the
table given inside.
The latter part of Property & Wealth bears an encouraging
new look in keeping with the prosperity theme. In a special
tribute to Steve Jobs on his � rst death anniversary, we
present to our readers an article on Guy Kawasaki’s list
of top 12 lessons he learned from the giant innovator.
Willpower is man’s biggest strength and surprisingly, we
don’t pay too much attention to this phenomenon. Or is it
a muscle? Find out in the story inside. Also in prosperity
search, Meet the Buddhas That Laugh is a � rst-time article
on feng shui, which brie� y touches upon what this most
popular symbol is all about.
Pankaj SharmaEditor
06 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
Cover Story
08
THE PRIME MINISTER’S NEW PROMISE
Keeping a tidy watch of the economic situation of a country is de� nitely a far more complex job than what a child has to do with a pinwheel. But in many ways, the act is similar.
Pinwheel Restart
We’ve all seen a pinwheel! A childhood
symbol, it’s a toy consisting of vanes
of coloured paper or plastic, pinned
to a stick. It starts spinning when it is
pointed into the wind. You don’t have
to be very observant to have spotted a few in the hands of
the young ones playing in your street or running around
in the park nearby. Or maybe you’ve even made a few
of them for kids at home. Interestingly, few people know
that this simple, old-fashioned item also has a special
symbolic meaning viz. “to turn one’s luck around”.
Can we, for a moment, imagine the process of economic
development in our country to be one giant pinwheel?
A well-oiled, vibrant cycle of progress set perpetually in
motion. A wheel of action, invoked by the faith of millions
in this country who remain � rm believers in its inevitable
return to past glory. People who’ve always known in their
hearts that despite its trials and tribulations, setbacks or
failures, India is going to make it; and soon.
This giant pinwheel is run and monitored by people we
choose and empower. And they’re entrusted with a very
important task. To keep manoeuvring this pinwheel in
accordance with wind conditions viz. dynamic economic
conditions at the local and global level. When the wind
starts blowing in a different direction and the pinwheel’s
motion is impeded, that’s where the dexterity of the
chosen few is put to
the test. People who’re
in charge of critical
responsibilities such as
handling the economic
health of a country are
expected to be the best
we can choose. And in
the challenging global
economic scenario, the
stakes are inexcusably
high.
The economy pinwheel cannot stop since the progress of
the country depends on its motion. It thus follows that the
common man who is watching its movement, albeit from
a distance; is also aware of important developments. In
case he notices that the pinwheel has stopped or barely
moves, he has a right to understand what’s going on and
try to do something about it. People who always remain
in ‘complaint mode’ aren’t of much help to their country
or themselves. Keeping a tidy watch of the economic
situation of a country is de� nitely a far more complex
job than what a child has to do with a pinwheel. But in
many ways, the act is similar. Both the pinwheel and the
economy must keep moving. Give a child a pinwheel and
he’ll do everything to make it move. Give a good leader
some work and he does not disappoint.
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
09
Bogged by one corruption issue after the other in its
consecutive second term, the UPA coalition had all but
abandoned the road to economic progress. Paradoxically,
with a renowned economist at the helm of affairs, the
government seemed de� cient of ideas in economic
governance. Our imaginary pinwheel was stuck. The
common man’s struggle with rising prices continued
unabated (it still does). Corruption stories of astronomical
sums hijacked the headlines almost every day and the
general mood in the country was dour to say the least.
A prominent social activist put together a team to � ght
corruption in the country. At his call, thousands took to the
streets and there were protests and dharnas everywhere.
The Jan Lokpal Bill came into view. The activists tried
hard to present their case but the ‘system’ proved too
much for them. The self-proclaimed representatives of
the aam aadmi and the people he had chosen to power
were locked in debate over an unending debate. Days,
weeks and then months of work were lost to protests
and stalled parliamentary proceedings. There was no
constructive outcome. But that is again, a different story.
Reform Restart
For many people like me, Friday the 21st of September
was a day full of surprises. The biggest partner in PM
Manmohan Singh’s coalition, the Trinamool Congress
formally withdrew its support. The recently announced
‘big-ticket’ economic reforms failed to impress their
leader Mamata Banerjee. Six ministers and 19 MPs of
the Trinamool Congress pulled out of UPA 2, reducing the
Can we, for a moment, imagine the process of economic development in our country to be one giant pinwheel?
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
coalition to a minority government.
News of a different hue came in
later, about Mulayam Singh Yadav
ending days of suspense by
con� rming his continued external
support to the coalition. The
Samajwadi Party chief, though,
expressed his unhappiness with
the new retail reforms. His reason
for continued support? “To keep
communal forces at bay!” A day
earlier, the Opposition had held
a nationwide protest over the
reforms, slamming them as anti-
poor.
The new government agenda had
sparked nationwide protests but it
seemed to have cheered investors.
The government’s bold message
read “no room for any rollback of
the reforms process” and that sent
market sentiments soaring. The
later part of the day saw Sensex
as well as Nifty hitting 14-month
highs. While the 30-share BSE
Sensex soared 404 points to end
the day at 18,752.83 (up 2.20%),
the broader 50-stock NSE Nifty
jumped 137 points to close at
5,691.15 (up 2.46%).
Breaking his Silence
In a ‘rare’ appearance he made on
television that day, the Prime Minister addressed the
nation and he seemed to have lots to say. It was a special
speech. In context, as well as by content. One, it was very
well crafted, the PM held our attention from start to � nish.
Two, his honesty shone through. Perceptions can vary
but if you’re aware of the man’s long history of contribution
to the Indian economy, you cannot doubt his intelligence
and foresight. And if you’re somebody who can resist
raising � ngers unless the ‘suspect’ is proven guilty, you
cannot doubt his integrity. Yes there are serious charges
of corruption this government faces. But as we’ve seen
time and again, law does catch up in the end. There was
no reason why the A Rajas and Suresh Kalmadis should
escape the clutches of law and they haven’t been able to.
And there’s no reason why, eventually, others like them
could escape.
Over the past few months, we’ve seen an increasing
number of condemnable ‘works of art’ featuring the
Prime Minister on facebook. It’s so easy nowadays to
put together a picture and a few lines for your friends to
see, enjoy and ‘share’. Sometimes, though, the story-
teller goes too far and the negative connotations in his
story leave a bad taste in the mouth. This could be some
people’s idea of fun but negative content like this is better
Dr. Manmohan Singh - Hon’ble Prime Minister, India
10 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
avoided. Watching contorted images of a soft-spoken,
septuagenarian scholar with a couple of defamatory lines
isn’t witty, it’s deplorable stuff. Even the recent “paise
pedon par nahin ugte” (money doesn’t grow on trees)
remark in his speech was up for grabs. It sent a lot of
people scurrying to their computers to practice their art.
The Prime Minister seems to have taken all things in his
stride. The overwhelming criticism and the brickbats
hurled at him for being too ‘silent’ on key issues. People
even debate whether he is as accomplished an economist
as he is made out to be. But there is one proven feature
this remarkable person does have. He’s got the knack of
delivering surprises. India’s unelected, yet third longest
serving PM just turned 80. With his popularity a thing of
the past and the odds heavily against him, he could have
considered hung his boots and said goodbye to it all. But
he does the opposite. The last time he did something
unique was when he survived the political turmoil created
during the Indo-US nuclear deal. It wasn’t an easy situation
then. It isn’t an easy one now. And that’s why he’s picked
himself up again and promised the nation that he would
do “everything necessary to put our country back on the
path of high and inclusive growth.” The pinwheel is now
in his hands.
11PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
INCREASE IN DIESEL PRICES
• “As far as the hike in diesel prices is concerned,
I’m personally for it. I believe that all petroleum prices
should be at their scarcity value because otherwise we
are subsidizing our import dependence. In a country
where 75 pc of oil is being imported, there is no need to
go on subsidizing that, we are worsening the situation for
tomorrow in that case.”
• “Second is that the de� cits have become unmanageable.
They’ve become unmanageable because of this
government. It disobeyed the deception of the � scal
responsibility legislation and the Prime Minister presided
over these de� cit budgets. Now the fact is that today
with a de� cit of about 8.2 pc to 9 pc of the GDP, it is
not sustainable. And you look at the budget � gure, in the
budget it is provided that petroleum subsidies will be Rs
43,580 crore. They’re running at a level of Rs 1,70,000
crore. How can we manage this?”
• “So, I’m all for an increase in petroleum prices and
it is only when they are increased, and this is the third
reason, that then alternate sources of energy like solar
power, wind power from biogas, from urban gas, these will
become viable.”
FDI IN RETAIL
• “FDI in retail is neither here nor there, these international
companies are not going to come, even if they do, our
small shops are going to beat them, they’ve beaten these
big companies that came into retail.”
ARUN SHOURIE’S DOUSER ON ‘BURNING’ TOPICS
Senior BJP leader and former minister in Atal Bihari Vajpayee’s cabinet Arun Shourie
newsdeskREAL ESTATE & INFRASTRUCTURE NEWS
14
regional
People having leasehold commercial
property in Chandigarh will have
to shell out 12.36% p.a. service
tax, recoverable w.e.f. year 2007.
Affected businessmen claim that
they are already paying heavy lease
money and the administration is
burdening them further.
Former Delhi Metro chief E
Sreedharan has slammed the Union
Urban Development Ministry’s
planned monorail project in the
Capital, describing the proposal
“un� t” for the metropolis. According
to him, while the carrying capacity
of the monorail network will be just
a third of that of Delhi Metro, its
operating costs will be at least 50%
higher.
As a special energy conservation
initiative, Delhi government will soon
ensure that the roof and exterior
walls of all its buildings would be
painted in white to cut down energy
consumption. White roofs keep
buildings cool by absorption of less
heat.
CII Chandigarh Fair 2012 Venue: Parade GroundDate: 07 Nov to 11 Nov 2012
Real Estate Banking & Finance Expo Venue: Gurgaon Leisure Valley GroundDate: 14 Dec to 16 Dec 2012
Service Tax
Monorail
forthcoming events
Chandigarh
Ace designer Manish Arora has
tied up with real estate � rm AMR
Group. Famous for his colourful and
quirky apparels in the Indian and
international fashion world, he will
be putting his style into designing
The Royal Heights, AMR Group’s
forthcoming presidential suites and
luxury residential project, soon to
open at Tech Zone.
Manish Arora Noida
Delhi
Govt Buildings Delhi
Fire NOCs
Canal Water
Building bylaws
Gurgaon
Gurgaon
Chandigarh
The local court in Gurgaon has
imposed a penalty of Rs 5,000 on
eight highrise building owners for
failing to get their � re no objection
HUDA is planning to provide canal
water to builders for construction
purposes. After the Punjab and
Haryana High Court ban on the use
of underground water by builders
in Gurgaon, HUDA had decided to
provide treated water for construction
and according to estimates, this is
saving 2 lakh litres of underground
water every day.
People residing in the Chandigarh
Housing Board houses and
rehabilitation colonies will bene� t
from changes being made in building
bylaws so that need-based changes
within the premises could be allowed.
Residents had been demanding
amendment in the bylaws so as to
regularise need-based changes.
Gurgaon Chandigarh
newsdesk
certi� cate (NOC) from the Municipal
Corporation of Gurgaon. The court
has also issued bailable warrant,
summons and notices to 51 other
highrise owners.
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
national
15
According to a recent survey by global
real estate services � rm Jones Lang
LaSalle, residential property capital
values in Bangalore have increased
by 25% since the trough in mid-2009.
There are approximately 1100 super
luxury home units in various stages
of planning and construction price-
tagged at Rs 5 crore in Bangalore.
Covai Senior Care Constructions,
a real estate � rm focusing on
constructing dwellings for retired
senior citizens in South India expects
to complete projects worth Rs 500
cr in coming three years. The
company is currently doing projects
in Bangalore, Chennai, Puducherry
and Coimbatore.
MCHI-CREDAI Property 2012 Venue: MMRDA GroundsDate: 01 Nov to 04 Nov 2012
APREDA Property Show 2012 Venue: Hitex Fair GroundsDate: 10 Nov to 11 Nov 2012
Luxury Home Market
Retirement Villas
forthcoming events
Bangalore
The Jagannath Temple Administration
in Puri would foray into real estate
trade in order to generate more
revenue for the 12th century shrine.
The Managing Committee of the
state-run temple administration
has decided to sell huge patches of
vacant lands at Jatni, nearly 22 km
from Bhubaneswar. The maiden
venture is expected to generate
nearly Rs 500 cr.
Andhra Pradesh government has
approved the new ‘Land Allotment
Policy-2011’ that is expected to put
an end to indiscriminate allocation of
land. The new policy was framed due
to the occurrence of land scandals
during the tenure of former Chief
Minister YS Rajasekhara Reddy.
Jagannath Temple
Land Allotment Policy
Orissa
Andhra Pradesh
Chennai
An enclave of � ve quaint buildings
at Tardeo, housing tenants from
the Parsi community for more than
a century has won a prestigious
heritage tag for its conservation
efforts. Sethna buildings on Wadia
Street , painstakingly restored
over the last few years, have been
conferred the UNESCO Award of
Distinction for 2012.
UNESCO Award Mumbai
HyderabadMumbai
The West Bengal Pollution Control
Board has issued closure notices to
18 errant industrial houses in and
around the city for � outing pollution
control norms. The units were
polluting the surroundings by emitting
obnoxious smells and harmful gases.
Authorities took notice of these
factories after receiving complaints
from locals.
Closure Notice Kolkata
newsdesk
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
16
international
According to latest research by the
Bank of Scotland, the cost of buying
a home in Scotland is now over 7%
lower than renting. The average
monthly costs associated with buying
a 3-bedroom house stood at £505 in
June 2012, some 7.4% or £40 lower
than the typical monthly rent of £545
paid on the same type of property.
Many Russian investors are buying
homes in Eurozone countries where
All 542 units released for sale off-
plan at the The Address The BVLD
serviced residences were sold out
on the � rst day of sales. Customers
queued up to two days in advance
to place an order at the Emaar Sales
Centre in Downtown Dubai. The
The Olympic Games have had an
adverse effect on UK’s beleaguered
property market. According to online
real estate portal Rightmove, property
prices fell between August and
September in England and Wales.
Owners of property valued over Dh1
million and having no mortgage on
it can approach Dubai Land Deptt.
for obtaining a two-year residency
visa in Dubai. As per the process,
the property owner � rst applies for
a trade license for a fee of Dh2,000
per year. After he gets the license,
he approaches the Immigration
counters in the Land Deptt. and
applies for investor visa.
Pattaya in Thailand has long been a
major tourist destination in Asia and
is now emerging as a budding real
estate development site. Located on
the east coast of the Gulf of Thailand,
Pattaya is about 165 kms southeast
of Bangkok.
Times India Property Expo 2012 Venue: Grand Seasons HotelDate: 03 Nov to 04 Nov 2012
Smart Investment & International Property Expo 2012 Venue: Hong Kong Convention & Exhibition CentreDate: 24 Nov to 25 Nov 2012
Rent is Cheaper
Vacation Homes
Emaar BLVD
Olympic Games
Real Estate Investor Visa
forthcoming events
Scotland
Russia
Dubai
London
Dubai
Pattaya Market Thailand
Hong Kong Kuala Lumpur
newsdesk
real estate prices have dipped sharply.
The favourite hunting ground is
Bulgaria. According to the country’s
Ministry of Justice, about 3,40,000
Russian people have already bought
property in their country.
Address The BLVD will have 200 hotel
rooms and 542 serviced residences
including studios, one, two, three and
four-bedroom units. Prices ranged
from AED1.1m (US$299,500) for a
studio to over AED6m (US$1.6m) for
a 4-bedroom unit.
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
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
7. Landran - Banur Road (Right Side)
8. Landran - Banur Road (Left Side)
9. Kharar Landran - Road
10. Balongi - Kharar Road
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HOT SPOT IN FOCUS
20
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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, OCTOBER 2012, ISSUE 02
Location: Sector 66A MohaliHighlights: Read to possess plots
with all infrastructure in place. Also
offering builtup industrial Plots.
Options: 500 sq yards or more for
Industrial Plots, 250 sq yds built
up industrial plot with or without
basement.
Janta Industrial
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 speci� c & accurate information. Property & Wealth is not responsible for any decisions taken through use of above information.
Possession in November 2012
Location: JLPL Eco City, Sector 66B, MohaliHighlights: Gated complex secured with a multi-tiered security system, Jogging track & landscaped lawns, Club house,Swimming Pool.Options: 4 BHK 3500 Sq. Ft.
Signatore Towers
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 66-A, SAS Nagar(Mohali),Highlights: The ultimate of� ce spaces with futuristic designs, state-of-the-art facilities and relaxing environment strike the right balance between modernity and functionalityOptions: Of� ce Spaces
Janta Twin Towers
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Zigma Wealth: 8146992437
HOT SPOT IN FOCUS - MIXED LAND USE & INDUSTRIAL SECTOR 82,66,66A
DISCLAIMER: Features, information & Budget Planner given above are indicative only. Please contact respective builder for more speci� c & accurate information. Property & Wealth is not responsible for any decisions taken through use of above information.
21
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Location: Sector 66A MohaliHighlights:City-within-a-city concept, which shall comprise of built up IT of� ces, BPO/ Institutional space, residential units, hotels, premium clubhouse etcOptions: Industrial Plots, Of� ce Spaces, Residential Apartments
Yellowstone Landmark Info City
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Ready to move in
Location: Sector 66, Mohali (adjoining Chandigarh)Highlights: Most Prime Location in Mohali adjoining Chandigarh Options: Of� ce Spaces2BHK & 3BHK Flats @ INR 5,645/- per sqft & Of� ce Spaces @ INR 5,000/- per sqft.
Bestech Square Sector 66 Mohali
BudgetPlanner
BudgetPlanner
in lakh
Location: Sector 66-A, Near International Airport, MohaliHighlights: Excellent Location on 200’ Airport Express Highway with 17 ACRES of Lush Green ParkOptions: 3BHK (2480 SqFt), 4BHK (3007 SqFt) Flats.@ INR 3,790/- per sqft.
JLPL Falcon View
BudgetPlanner
BudgetPlanner
in lakh
MaKaan Search 8437002002, 9872588555
0 10 20 30 40 50 60 70 80 90 100 150 >200
0 10 20 30 40 50 60 70 80 90 100 150 >200
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
22
HOT SPOT IN FOCUS Disclaimer: Map is not to scale and purely for illustrative purpose. Accuracy of the map is not guaranteed.
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
23
DISCLAIMER: Features, information & Budget Planner given above are indicative only. Please contact respective builder for more speci� c & 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
HOT SPOT IN FOCUS - LANDRAN - BANUR ROAD (RIGHT SIDE)
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Location: Sector 110, Mohali
(Banur Landran Highway), Sec
110, Mohali
Highlights: Internationally Planned
Residential Complex with all Ultra
Modern Amenities (85% Green
Elevated Park & Clubhouse).
Options: 3BHK, 4BHK Flats , INR
2800 Per SqFt only.
Sandwoods Opulencia
BudgetPlanner
BudgetPlanner
in lakh
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Location: Sector 110-111, MohaliHighlights: 150 Acres TDI City-II is coming up with a club having world class amenities.Options: Residential plots, independent � oors, commercial SCO’s, built up showrooms
TDI City Mohali II
BudgetPlanner
BudgetPlanner
in lakh
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Location: Sector 104, Pearl City, Mohali (PB)Highlights: Coupled with world-class facilities like the swimming pool, clubhouse, gym and the myriad parks and orchardsOptions: 3 BHK 1695 Sq. Ft & 3 BHK Servant Room apartments from 1770 Sq. Ft. to 1806 Sq. Ft.
Ansals Tulip & Carnation
BudgetPlanner
BudgetPlanner
in lakh
Location: Sector 108, 109 Mohali near Chandigarh.Highlights: Most Premium Township of Mohali with Flats, Plots, Villas, Commercial. Options: Plots Sizes 280 SqYd, 300 SqYd15,000/- per SqYd.
Emaar MGF Plots in Mohali
BudgetPlanner
BudgetPlanner
in lakh
Location: Sector 110, MohaliHighlights: Existing inhabitants in the same location, PCA stadium – 7 kms, Quark & Dell – 4 kmsOptions: Aprtments, 2bhk 1050 sq ft. @ 25 lacs
Acme Floors
BudgetPlanner
BudgetPlanner
in lakh
Location: Sector 115, Kharar-Landran Highway, Greater Mohali near ChandigarhHighlights: PAY JUST 20% NOW and NO EMI TILL POSSESSION Options: 1BHK, 2BHK, 3BHK Multistoreyed Flats.starting @ Rs. 16 Lacs
WWICS Imperial Heights
BudgetPlanner
BudgetPlanner
in lakh
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space
0 10 20 30 40 50 60 70 80 90 100 150 >2000 10 20 30 40 50 60 70 80 90 100 150 >200
0 10 20 30 40 50 60 70 80 90 100 150 >2000 10 20 30 40 50 60 70 80 90 100 150 >200
0 10 20 30 40 50 60 70 80 90 100 150 >2000 10 20 30 40 50 60 70 80 90 100 150 >200
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
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
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Location: Kasauli Hills at 5000 feet, nearly 15kms from Kasauli amidst pristine environment.Highlights:Each Villa & Apartment providing a panoramic view of Mountains. Landscaped Gardens, Swimming Pool & Gym. International 5 star Hotel Options: Villas and Apartments
DLF Samavana
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Location: Dagshai HillsHighlights: Situated at height of 5500 sq feet. its un spoilt nature at its best with Villas, plots, 5 star resorts.Options: Luxurious independent villas, residential plots
Pine Wood Resorts
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Location: Dharampur Sapatu Road 2 kms from Hotel Victoria IntercontinentalHighlights: Panoramic View of the valley. Non Himachalis can buy in their own name. Specially imported pre fabricated apartments.Options: 1BHK/2BHK on 400 sq yard Plot
Hill Farms
BudgetPlanner
BudgetPlanner
in lakh
0 10 20 30 40 50 60 70 80 90 100 150 >200
Location: 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
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 speci� c & 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, OCTOBER 2012, ISSUE 02
Pankaj Renjhen, Managing Director - Retail Services, Jones Lang LaSalle India
FDI In Multi-Brand Retail The Gateway Finally Opens
Th e
r e c e n t
decision
by the
Government to
allow foreign direct
investment in multi-brand retail is understandably the talk
of the town. There are various points of view regarding
the impact it will have on the retail sector in speci� c and
the Indian economy in general, but the decision is a big
step in the direction of strengthening organized retail in
the country. To get the complete picture, it is important
to understand the situation which exists currently and
how the new regulations are going to change the retail
landscape.
Till recently, FDI in retail (except under single-brand
product retailing, with conditions) was not allowed in
India. In other words, for a company to be able to get
foreign funding, products sold by it to the general public
needed to be of a ‘single-brand’. The government has
now opened a gateway for foreign funding into the sector.
In 1997, FDI in cash-and-carry (wholesale) with 100%
ownership was allowed under the Government approval
route. It was brought under the automatic route in 2006.
28 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
51% investment in a single-brand retail outlet was also
permitted in 2006. FDI in multi-brand retailing was
prohibited in India.
This was changed to increases FDI in single-brand retail
to 100% while creating a path for FDI in multi-brand
retail to the tune of 51%. Cities with populations of more
than 10 million are eligible for this. With yesterday’s
announcement, 51% FDI has been permitted in multi-
brand retail - with certain caveats, and also subject to � nal
the approval from respective states to allow implementation
within these states.
There are still some apprehensions on how this policy
will be implemented due to the given caveats. However, it
does signify a strong positive outlook for this sector.
The retail sector in India has been plagued with problems
at all the areas of its life cycle - back end, technology,
supply chain, real estate and human resources. There
has been a lack of investment in all of these areas.
Consequently, the retail sector has not been able to match
the pace of other growing sectors in India. There has been
a lack of investment in the logistics of the retail chain,
leading to an inef� cient market mechanism. Lack of
Storage infrastructure has been one of the most alarming
of these infrastructure gaps.
The technology being used in Indian retail is largely
obsolete and does not meet international standards,
resulting in poor ef� ciency at the supply side and average
consumer experience on the demand side. Intermediaries
often bypass the ‘mandi’ norms and their pricing lacks
transparency. The public procurement and distribution
system calls for a lot of improvement. In spite of heavy
subsidies, overall food based in� ation has been a matter
of great concern.
FDI will be a powerful catalyst to the required growth in the
retail industry and, in long term, will prove bene� cial to all
the major stakeholders. The new policy can bene� t both
foreign retailers and their Indian partners. The bene� ts to
foreign players will be access to local market knowledge
and an increased consumer base, while Indian companies
will bene� t by global best management practices and
technological know-how. There will be investment in
storage and transportation infrastructure, technology and
supply chain operations.
The increased � ow of capital, if used effectively, will
bene� t both the farmers and the consumers. Farmers will
bene� t from the better price indexing and direct selling to
the retailer. The consumer, in addition to having a better
shopping experience, will bene� t from the competition
and the resultant reduced prices.
The real estate retail industry will bene� t immensely due
to increase in demand and increased investor con� dence.
We can also expect increased transparency in the retail
real estate sector. Additionally, the country will � ourish in
terms of quality standards and consumer expectations,
since the in� ow of FDI into the retail sector is bound to
pull up the quality standards and cost-competitiveness of
Indian producers in all the segments.
In the light of above, it would be prudent to encourage FDI
in retail further. Of course, suf� cient consideration should
be given to the interests of SMEs, farmers and consumers
while � nalizing this decision.
With this move, along with the caveats, the Government has
indeed taken an important step. From a retail real estate
point of view, it will be open up immense opportunities in
the medium and long term, as the demand for quality real
estate will rise. Currently, some retailers are cash-strapped
and this will provide a sort of bail-out option to them.
Overall, the investment by local and new international
retailers that are likely to � ow into the sector will de� nitely
also take the form of investments into real estate at the
front end in terms of retail store spaces and of the back
end in terms of better quality warehouses.
The new international entrants will be willing to take longer
term bets and invest in stores which will be sustainable
over the long haul. Competition will increase as Indian
retailers shape up and intensify their expansion plans -
which had been fairly low over the past few years. Also,
it will increase the interest and con� dence level of real
estate developers to set up quality shopping centres. They
now have reason to set behind them their experiences
post 2008 and can once again consider investing in this
asset class with a clear vision to long-term pro� t.
29PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
UT Administration Hikes Collector Rates
30 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
The collector rate of SCOs in Sector 17
remained the highest in the city after the
recent announcement of 10% hike in
collector rates by the UT Administration. The
collector rate or circle rate is the minimum
rate for valuation of a plot, independent house or � at in a
particular area or locality. It differs according to various
categories as per location. Usually, the registration of
properties is done as per circle rate. In actual practice,
it is the demand and supply of a property in the area that
determines the actual market price.
COLLECTOR RATES IN CHANDIGARH
URBAN AREA/COMMERCIAL EXISTING RATES NEW RATES
Industrial Area Phase I, II 49,920 54,912
Iron Market, Timber Market and Transport Area 56,160 61,776
Motor Market Complex commercial (booths) in Mani Majra 93,600 102,960
Shivalik Enclave, Mani Majra (commercial SCO) 218,400 240,240
Milk Colony Dhanas 218,400 240,240
Booth in Sectors 17,19,34,22 and 35 280,800 308,880
Booth in Sectors 7,8,9,26,16,18,20 and 21 224,640 247,104
Booth in Sectors 23,24,32,37,38 and other sectors 156,000 171,600
SCO in Sector 17 436,800 480,480
SCO on Madhya Marg, Sector 34 Road separating
Sector 22 and Sectors 35-34, other SCOs 187,200 205,920
URBAN AREA/ RESIDENTIAL
Residential 49,920 54,912
Housing Board � ats/Industrial houses (independent) 49,920 54,912
Ground Floor 18,720 20,592
First Floor 14,560 16,016
Second Floor 10,400 11,440
Third Floor 6,240 6,864
Cheap House (� xed rate) 31,20,000 34,32,000
Shivalik Enclave (residential) 31,200 34,320
RURAL AREA (AGRICULTURAL)
Agricultural land in all villages (rates in per acre) 70,00,000 77,00,000
RURAL (RESIDENTIAL/COMMERCIAL)
Villages under MC
Residential area 6,240 6,864
Commercial area 12,480 13,728
Other villages of UT
Residential area 4,160 4,576
Commercial area 8,320 9,152
(Rates in Rs per square yards)
31PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
Should You Buy A Ready Possession Or Under
Construction Flat?
Kishor Pate, Hon. Secretary - CREDAI (Maharashtra)
34 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
In most aspects of life, we tend to prefer a � nished
product to one which is incomplete. Nowhere is this
more true than in buying a home. It seems to be a
perfectly obvious choice. Instant grati� cation ranks
very high on most people’s priority list. The main
reason why a majority of home buyers prefer ready � ats
is that a ‘ready possession’ � at allows the owner to move
in immediately, arrange and modify things according
to personal taste and get on with the business of living.
However, there is also a negative aspect to instantly
preferring a ready � at:
Increased Cost - Because of the high demand for ready
� ats, such units are also priced much higher than those
in a project which is under construction. This means that
the overall investment bene� t of a under construction
property is lower, since it has been bought at a higher
price.
Higher EMIs - Buyers who are purchasing with a home loan
lose out on the bene� t of lower EMIs which are applicable
during the construction process. This is because � nancial
institutions release payments on the basis of phase-wise
completion
Limits On Modi� cation - A � nished � at offers very little
scope for personal touches. For instance, one may have
certain desired speci� cation for the kitchen. Modi� cations
in a � nished � at are expensive and disrupt day-to-day
functioning
Lack Of Choice - Buyers lose out on choice. Because
of the high demand for ready � ats, there is pressure on
buyers to make fast decisions, which they may regret later
on. Many areas have projects under construction which
are superior to available ready ones
No Payment Flexibility - Builders have no reason to offer
� exible payment terms to buyers who are only considering
ready � ats.
The fact is, investing in an under-construction � at often
a lot of sense. Apart from the cost savings and higher
investment bene� ts, buyers of such � ats are also at
greater liberty to ask for certain design speci� cations
such as improved Vaastu compliance and more
customized internal layouts. Since the building is still at
the developmental stage, the builder will be willing to
incorporate certain changes in the original layout as long
as they do not compromise the overall structural integrity
or unreasonably increase his costs.
The new trend of ‘group buying’ also provides another
advantage to those who are considering under construction
properties. In this system, a group of serious buyers make
a consolidated offer to the developer to buy a certain
number of units in his project in one go at a discounted
rate. This can result in considerable savings.
Of course, buying a property which is still under
construction has certain elements of risk. For instance,
there could be problems if the developer does not have a
rock-solid reputation for completing his projects on time.
Such builders may:
• Not have the professionalism to obtain all necessary
permits and clearances for the project before beginning
construction
• Not be � nancially sound enough to fund the project
through to the point of completion
The best way to avoid such problems is to deal only with
an established developer with a number of successful
projects in the same city.
35PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
36
Using Residential Property
For Commercial Activity
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
residence as an of� ce by chartered accountants, lawyers
and doctors would not be considered as a commercial
activity. The premise of this ruling was that the work and
skill involved in such a profession is predominantly mental
or intellectual rather than physical or manual.
These cases clearly indicate that there are some instances
where professional activity in a residential � at would be
considered legal. However, these should not be taken
as blanket rulings. Apart from the individual bye-laws of
housing societies, different state laws would nned to be
considered.
Whatever the other aspects of the case may be, it is
certainly necessary to get the approval of the housing
society in a general body before using a residential � at
for commercial purposes. Depending on the nature of the
business and also subject to the approval of the housing
society, it may also be necessary to obtain permission
from the local municipal authorities for conversion of the
� at into a commercial establishment.
It may be possible to obtain permission from the housing
society to conduct a business that does involve any
movement of people or storage of goods in the residence.
Nevertheless, it is not a good idea to start any kind of
business in a residential � at without getting complete
clarity on the legal aspects.
Even if a housing society permits business activity in a
certain case, such activity can still be deemed illegal and
be noti� ed accordingly. It is not advisable to take anything
for granted, and to have the legality of such an undertaking
examined by a quali� ed lawyer.
In cases
w h e r e
z o n i n g
l a w s
and the
co-operative
h o u s i n g
society in
q u e s t i o n
permit it, there
can be cases
where running
a business from
home is viable.
Doing so can
save on the
cost of renting or purchasing a commercial space. It also
saves on the cost of commuting to and from work as well
as on many operational costs.
It bears mentioning that full-scale commercial use
of a residential � at is often opposed by co-operative
housing societies. That said, utilizing 20% of the space
in a residential � at is legally permissible as long as the
business in question falls within certain categories. For
example, the MSC Apellate Court ruled favour of a certain
resident in Ghatkopar, Mumbai in 1986, stating that
carrying out activities such as yoga classes in a residential
� at does not constitute a breach of the bye-laws of a co-
operative housing society. The ruling basically meant that
the professional activity of teaching certain arts would not
be viewed as commercial activity, even if certain charges
are levied.
In a case � led under the Karnataka Shops and Commercial
Establishments Act, 1961, it was ruled that the use of a
37
Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
38
Jesus Christ himself taught the fundamentals of the
“law of attraction” when he instructed his followers to:
“Ask”...then he said, “and you shall receive”. And, he
said, “Seek”...then he said, “and you shall � nd”. And,
he said, “Knock”...then he said, “and it will be opened
unto you”.
Some very inspiring moments in this movie make it a
must watch. The most emphatic point of ZNMD reveals
itself at the climax. The three friends are in the last leg
of their adventure and it’s a dare that none of them
is sure about surviving. They decide to participate in
“running of bulls” game (encierro in Spanish), where
the participants run in front of a group of bulls let lose.
And that’s when each of them vouches to do something
they’ve evaded all their lives.
Zindagi Na Milegi DobaraJesus Christ
searchbutton
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
39
Fired by a newspaper editor because, “he lacked
imagination and had no good ideas”, Walt Disney
started a number of businesses that ended with
bankruptcy and failure. He kept going, however, and
eventually found a recipe for success that worked. The
Disney name today rakes in billions from merchandise,
movies and theme parks around the world.
Walt Disney
inspiration from everywhere
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
According to the law of aerodynamics, a bumble bee
should not be able to � y. Research shows that the
bumblebee does not have the capacity (in term of
wing size or beats per second) to achieve � ight with
the degree of wing loading necessary. But it can still
� y because it does not know its limitations. If we can
break self-imposed limitations, everything becomes
possible for us.
The bumblebee
Too good to be true. That’s what we generally
feel about starting a business with a low
investment. But if you look around a bit,
you’ll see several home based entrepreneurs
who’ve started and developed thriving
businesses with little money at their disposal. The trick
is to look for a business idea that has great potential
but demands a relatively low investment. The following
business ideas score high on potential regardless of low
initial capital involved:
1. Food
Opening a big restaurant isn’t the only way to starting
with a food business. If you can come up with a decent,
palatable product, you can sell from anywhere you
choose. There are several success stories about small
eateries and home based catering services that started off
small and done in business.
2. Health
An increasing number of people across the world are
investing in their own well being. In case you’re an expert
in yoga, pilates or any other workout routine which can
make people feel good about themselves, this is the right
business for you.
3. Consultancy
For people who don’t like working round the clock, turning
consultant is a good option. There are opportunities galore
for setting up a consultancy from educational counselling
to � nancial expertise and from personal shopping to virtual
dating. More often than not, such a business can be run
nicely from home.
4. Writing
The internet has proved to be a boon for people who can
write well. People take up travel writing, ghost writing
or other forms which suit their abilities. Starting with a
content writing business is easy on the pocket and if you
can deliver good content, it can turn out to be a lucrative
affair.
5. Culinary
Teaching people how to cook can be an exciting and
pro� table venture for those who enjoy cooking but are
hesitant about running a restaurant or a catering service
due to different reasons.
6. Art and Crafts
If you believe you can draw or paint well / create different
craft objects you can consider sharing your talent with
children and even with grownups. Many people have
started creating videos to show their skills on youtube and
also teach online.
7. Foreign Languages
One of the best options for people who have taken the
pain to learn a foreign language. Globalisation has led
to a sharp increase in the demand for foreign language
instructors.
8. Virtual Assistants
Time is the most valuable commodity. A virtual assistant
is a person who provides professional administrative,
technical or creative assistance to clients online. They
are independent contractors rather than employees.
9. Blogging
One of the smartest options these days is to earn money
by writing blogs. There is no investment involved and
doesn’t take long to pick up the tricks of the trade to
become a smart blogger.
10. Urban Gardening
Life in the city is busy. With a growing awareness
about clean and green living and rising food in� ation,
people are looking for ways to get the right stuff to eat
without spending much time in the bargain. Interested
entrepreneurs can use their garden patch or terrace to
grow exotic vegetables and rare herbs. They can also
supply aspiring urban gardeners with seeds and provide
training.
41
10 Business Ideas for a Shoestring Budget
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
42
quotemagic
You will never truly know
yourself or the strength
of your relationships until
both have been tested by
adversity.
J.K. Rowling
British novelist Joanne “Jo”
Rowling, pen name J.K.
Rowling was a single mother
living on social security
bene� ts when she wrote her
� rst Harry Potter novel. In
duration of � ve years, having
sold more than 450 million
copies of her novel, she’s
said to have amassed an
estimated £560 million (Rs
48,597,981,600) fortune.
You will never truly know
yourself or the strength
of your relationships until
both have been tested by
adversity.
J.K. Rowling
British novelist Joanne “Jo”
Rowling was a single mother
living on social security
bene� ts when she wrote her
� rst Harry Potter novel. In
duration of � ve years, having
sold more than 450 million
copies of her novel, she’s
said to have amassed an
estimated £560 million (Rs
48,597,981,600) fortune.
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
The Better CEOWhat Guy Kawasaki Learnt from Steve Jobs
44
Guy Kawasaki, the former Chief Evangelist for Apple marketed the
Macintosh in 1984. As a result, he worked closely with the legendary
Steve Jobs. He experienced his leadership � rst-hand. Days after the
saddening news of the death of one of the greatest innovators of our
time, Kawasaki compiled a list of the 12 qualities that set Steve apart from other
CEOs. De� nitely worth a read, Kawasaki’s list is chock full of wisdom gleaned
from his close working association with the top visionary.
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
1. Experts are clueless
Experts—journalists, analysts, consultants, bankers, and
gurus can’t “do” so they “advise.” They can tell you what
is wrong with your product, but they cannot make a great
one. They can tell you how to sell something, but they
cannot sell it themselves. They can tell you how to create
great teams, but they only manage a secretary.
2. Customers cannot tell you what they need
“Apple market research” is an oxymoron. If you ask
customers what they want, they will tell you, “Better, faster,
and cheaper”—that is, better sameness, not revolutionary
change. They can describe their desires only in terms of
what they are already using.
3. Jump to the next curve
Big wins happen when you go beyond better sameness.
The best daisy-wheel printer companies were introducing
new fonts in more sizes. Apple introduced the next curve:
laser printing.
4. The biggest challenges beget best work
I lived in fear that Steve would tell me that I, or my
work, was crap. In public. This fear was a big challenge.
Competing with IBM and then Microsoft was a big
challenge. Changing the world was a big challenge. I, and
Apple employees before me and after me, did our best
work because we had to do our best work to meet the big
challenges.
5. Design counts
Steve drove people nuts with his design demands—some
shades of black weren’t black enough. Mere mortals think
that black is black, and that a trash can is a trash can.
Steve was a perfectionist, and he was right: some people
care about design and many people at least sense it.
6. You can’t go wrong with big graphics and big fonts
Take a look at Steve’s slides. The font is 60 points. There’s
usually one big screenshot or graphic. Look at other tech
speaker’s slides—even the ones who have seen Steve in
action. The font is 8 points, and there are no graphics.
7. Changing your mind is a sign of intelligence
When Apple � rst shipped the iPhone there was no such
thing as apps. Apps, Steve decreed, were a bad thing
because you never know what they could be doing to
your phone. Safari Web apps were the way to go until six
months later when Steve decided, or someone convinced
him, that apps were the way to go—but of course.
8. “Value” is different from “price”
Price is not all that matters—what is important, at least
to some people, is value. And value takes into account
training, support, and the intrinsic joy of using the best
tool that’s made. It’s pretty safe to say that no one buys
Apple products because of their low price.
9. A players hire A+ players
Actually, Steve believed that A players hire A players—
that is people who are as good as they are. I re� ned this
slightly—my theory is that A players hire people even
better than themselves.
10. Real CEOs demo
Steve Jobs could demo a ‘Pod, ‘Pad, ‘Phone, and Mac
two to three times a year with millions of people watching,
why is it that many CEOs call on their vice president of
engineering to do a product demo?
11. Real CEOs ship
For all his perfectionism, Steve could ship. Maybe the
product wasn’t perfect every time, but it was almost
always great enough to go. The lesson is that Steve wasn’t
tinkering for the sake of tinkering—he had a goal: shipping
and achieving worldwide domination of existing markets
or creation of new markets.
12. Marketing boils down to providing unique value
Think of a two-by-two matrix. The vertical axis measures
how your product differs from the competition. The
horizontal axis measures the value of your product.
Bottom
45PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
����������
Sridevi Hi. This is Shashi from the India! The heartthrob of millions who gave up acting for home and hearth returns to the big screen after 14 years with the tri-lingual English Vinglish. She plays Shashi, a belittled and insecure Indian housewife who enrols in an English Language class to please her husband and family.
Sridevi Hi. This is Shashi from the India! The heartthrob of millions who gave up acting for home and hearth returns to the big screen after 14 years with the tri-lingual English Vinglish. She plays Shashi, a belittled and insecure Indian housewife who enrols in an English Language class to please her husband and family.
3 Ways to Work on 3 Ways to Work on Your WillpowerYour Willpower
48 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
The ability to resist doing what we ought to do
over what we want to do in a given situation
is commonly described as self-control or
willpower. And every single day, we are
tested. Right from leaving a warm, cosy bed
in the morning till trying to resist the tempting extra plate
of dessert after dinner. Given the importance of willpower
in our lives, it is surprising how little time or thought we
apply for its development.
The scienti� c community has from time to time tried to
� nd answers to why some people overeat or abuse drugs
or alcohol. The latest research suggests that willpower
is essentially a mental muscle. It is a limited resource
that can be nurtured and developed. Also, there are
certain physical and mental forces that can weaken
or strengthen our self-control. An eminent American
psychology professor at Florida State University, Roy
Baumeister is a leading authority on the subject and this
is what he has to say regarding self control: ““Learning
self-control produces a wide range of positive outcomes.
Kids do better in school, people do better at work. Look at
just about any major category of problem that people are
suffering from and odds are pretty good that self-control
is implicated in some way.’’
How about getting started with an action plan on
development of willpower? Don’t you feel that a conscious
effort in this regard may hold the key to your total self-
development? The following three ways to work on your
willpower are based on information gleaned from the
latest research � ndings:
1. Anticipation
Now that we’re given to understand that self-control is
a limited resource, we need to anticipate and plan for
our times of low self-control. This means, we cannot be
expected to exercise unlimited self-restraint all the time.
For example, avoid starting with your tax return as soon as
you come home from of� ce.
2. Willpower muscle exercise
According to research done in this � eld, one needs to
keep exercising his/her willpower like a muscle. We know
how exercising a muscle in the short-term leads to its
exhaustion but if the same exercise is done long-term,
it leads to muscle growth. It thus follows that exercising
your willpower, though temporarily depleting, means that
it will be stronger in the long run. The idea is to push
yourself and attempt things that deplete our willpower.
Solving a tough puzzle or watching a funny movie without
laughing are excellent exercises in self-control.
3. Orange Juice
Laboratory studies have shown a relationship between
self-control and blood glucose levels. Restoring glucose
levels appears to replenish self-control. So, tank up on
orange juice or lemonade the next time you feel a little
less sure about yourself!
49PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
Orange juice replenishes blood glucose levels
Solving puzzles works wonders for willpower building
50
Save SharksUnpopular animals in comparison to other ocean creatures like whales and dolphins, thousands of sharks are caught and killed every day. That’s how shark populations have come down to 10% in the last 20 years. But research has shown that without sharks, our marine ecosystems would collapse.
planetsavers
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
Not just another book about personal
� nance, “How to Be Rich: The Couple’s
Guide to a Rich Life Without Worrying
about Money” isn’t a get rich quick
scheme either. It’s a book which makes
you forget about the old concept of struggling in a � nancial
rut and never getting ahead. Times are a changing and
the old boring way of managing your � nances is gone
forever. Today’s generation is smarter, faster, and lives in
a more complicated world. It thus makes sense that we
look for a simple system that works, and leave theories to
the more discerning.
How to Be Rich: The Couple’s
Guide to a Rich Life Without
Worrying about Money
Chuck J Rylant
52
bookshelf
This book is currently available with www.homeshop18.com for Rs 695/-*
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
Past Participants
54 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
The Buddhas That Laugh
There are few feng shui cures as popular -
and as universal in their application - as
the Laughing Buddha. Used as a feng shui
cure for good luck, happiness, abundance,
success and good health; any feng shui
bagua area can bene� t from the sparkling energy of the
Laughing Buddha. Based on the story of a Buddhist
monk who lived in the 10th century China, the Laughing
Buddha feng shui symbol is also called the Happy, Hotei
or Traveling Buddha. A bit too eccentric for a monk, he is
said to have had an open and loving heart and came to
be loved by many.
It’s easy to � nd the Laughing Buddha in a variety of feng
shui products- from statues and bells to keychains and
jewelry. And if you want to use a statue of the Laughing
Buddha in your home, you need to know a few tips
regarding where and how to place it and what materials
should you go for - metal, resin or wood. The most
common feng shui use of the Laughing Buddha is as a
cure for wealth and good luck. The symbol of Laughing
Buddha is considered to bring auspicious energy, wealth
and joyful blessings anywhere it is placed. If you want
to use a Laughing Buddha statue as a feng shui cure for
your home, � rst decide on best materials and colours for
your decor. Choose a Laughing Buddha statue that helps
you attract and strengthen the feng shui energy you need.
Do you want to attract more wealth energy? Then look for
a statue of Laughing Buddha with gold ingots and place it
in the Money area of your home (Southeast). Is your focus
on vibrant health? Choose a Laughing Buddha with a Wu
Lou in his hand and place the statue in the East feng shui
bagua area.
Some important tips regarding Laughing Buddha
• Treat him with respect. Never place the Laughing
Buddha’s statue on the � oor
• It’s good to keep a Laughing Buddha close to the
main door so that you can see it as you go home.
• Rubbing the big Buddha belly transmutes your
troubles into happiness
• Widely considered a patron of children, it can
be good feng shui to have a small statue of the
Laughing Buddha in your children’s room or study.
• The Laughing Buddha is seen in different postures
and each posture has a different signi� cance.
55PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
A lot of people believe it’s lucky to have a laughing buddha at the of� ce, home or even business place
56
softcorner
Founder and Chairman of HCL Technologies Ltd., Dr. Shiv Nadar’s focus on education-based philanthropy began in 1996, when he founded the SSN College of Engineering, named after his father. Now a 250-acre college with schools for management and computer applications and a school of advanced software engineering in partnership with an American University. He takes active role in the college activities including gifting of Rs. 1 million worth of HCL shares to the college. In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups. In March 2008, SSN Trust announced setting up of Seven Vidyagyan schools in UP for rural students where free scholarship will be provided for 100 students from 10 districts of Uttar Pradesh.
Shiv NadarAge 67 yrs
PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02
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