Property & Wealth

newsdesk 15

hotspots 19

Welcome to Punjab 28

Mohali Rising 30

Residential Real Estate From Concept To Construction 32 Real Estate Capital Markets Predictions for 2013 34 The Impact Of Revised Circle Rates In Delhi NCR 36 Falling Rupee Helps NRIs Invest In India 38

With the successful completion of

the 25,000 sq metre, 10-storey

Instacon project within the stipulated

48 hours, infrastructure company

Synergy Thrislington has made it into

the Limca Book of Records. Building

a super quick building is no mean feat

and since there was no such precedent

in India, Instacon is now a special

landmark in Mohali.

15

08contents December 2012

04

propertywise

TEN STORIES UPTWO DAYS FLAT

COVER STORY

PROPERTY & WEALTH VOL 2, ISSUE 04, DECEMBER 2012

searchbutton 40

fengshui 42

quotemagic 44

10 Secrets to Wealth&Life 46

40prosperityseek eyecatchers 49

planetsavers 50

bookshelf 52

Modern, Stylish and Chic Country Inn by Carlson,

Saket, New Delhi 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

contentsDecember 2012

05PROPERTY & WEALTH VOL 2, ISSUE 04, DECEMBER 2012

editorial

about this issue

Putting up a 30-storey, 1,83,000 sq ft hotel in just 15 days,

a construction crew in Changsha, China showed the rest of

the world how to get ‘big’ things done in a hurry. The Ark

Hotel was built on Dongting Lake, in the Hunan Province,

by Broad Group, a Chinese construction company which

specialises in sustainable architecture.

As tested by the China Academy of Building Research,

it was built to withstand a magnitude 9 earthquake and

the building is five times more quake-resistant than

conventional buildings. Since all the materials were

prefabricated and sections built to specification off-site,

there was very little wastage. The builders took just 46

hours to finish the main structural components and 90

hours to finish the building enclosure. All of the structure

is soundproofed and thermal-insulated. They even have

air quality monitoring in every room given the pollution

problem in China.

Leading entrepreneurs in the construction business across

the world are turning to modern construction practices

deemed more sustainable over the long term. The first

major benefit of using Prefabrication Technology is the

considerable reduction in time required. While traditional

building methods require months, sometimes years to

complete buildings, a prefab project can be put together

and made livable in as little as a few days. And it is this

critical benefit that spills over into every other benefit.

A leading infrastructure company in Mohali made

headlines recently when they came up with a 10-storey

building in an astonishing 48-hours. It was a proud

moment for Chandigarh when the Limca Book of Records

team visited Instacon to hand over the National Record

Award to Synergy Thrislington CMD Harpal Singh and his

team.

Quick Buildings

Jasmeet Dhamija Editor-in-Chief

Real Estate sector to be accorded industry status, hassle

free and time bound clearances, no restriction on heights,

a uniform code for all cities; Punjab’s new real estate

policy promises to be an answer to realtors’ prayers.

Addressing national and international members of the real

estate community at a conference organized by apex body

CREDAI in New Delhi, Dy CM Sukhbir Badal announced

Punjab Government’s plans to remove bottlenecks and

thus promote development activity in the State.

Mohali is indeed rising. Conceived as an industrial suburb

of Chandigarh in the late 1960s and early ‘70s, the 18th

District in Punjab has blossomed into a vibrant city.

Planned into 800-by-1200 metre sectors reminiscent of

Chandigarh, a state-of-the-art cricket stadium, prominent

multinational corporations and stable power supply; these

are some of the things that come to mind. All these and

several other factors make Mohali the hottest real estate

destination in the region.

Mr Ramesh Nair, MD(W), Jones Lang LaSalle outlines the

expected Real Estate Capital Market trends for the coming

year. The falling rupee provides interested NRIs living in

countries across the globe a tempting chance to invest in

real estate in India.

Widely considered the most successful investor of the 20th

century, legendary American business magnate Warren

Buffett is famous for making the most of every cent in his

pocket and in his bank account. Turn to page 46 to know

his ten secrets of getting rich and staying rich.

Pankaj SharmaEditor

06 PROPERTY & WEALTH VOL 2, ISSUE 04, DECEMBER 2012

Cover Story

08

Mohali Company Builds India’s Fastest Ten Storey Building

When two hundred men succeeded in taming two hundred tons of steel in just two days to create the Instacon building in Mohali, they couldnít resist breaking out into a group dance. The tall edifice which now stood in front of them, staking its claim to a national record in fast-paced construction activity, was the outcome of their toil backed by a bolstering team of supervisors and engineers.

TEN STORIES UPTWO DAYS FLAT

Instacon. An ambitious project, taken up and

executed to perfection by a pioneering infrastructure

company in the region. A successfully showcased,

remarkable feat; the construction of a ten storey

building in two days flat. Standing tall on an

industrial plot in Mohali, the red and grey façade building

bears witness to an entrepreneur’s promise fulfilled; his

modern speed building concept is a surprising revelation,

the talk of the town.

Synergy Thrislington came into existence when Harpal

Singh’s company Synergy Group, a sheet metal fabrication

company took over Britain-based Thrislington Products,

a re-locatable steel partition manufacturer founded way

back in 1946. With the successful completion of the

25,000 sq m project within the stipulated 48 hours, their

landmark project has made it into the Limca Book of

Records. Building a super quick building is no mean feat

and since there was no such precedent in India, Instacon

is now a special landmark in Mohali.

A view of the completed Instacon project


09

The time of commencement of the project was 4:30 p.m

on Nov 29, 2012 when the foundation was laid by Deputy

Chief Minister of Punjab, Sukhbir Singh Badal. A team

of over two hundred people and three giant cranes were

pressed into service. As the clock showed 4:30 p.m.

again on Dec 1, 2012, all ten floors of the building were

in place, though the glass panes on the windows and

other fittings inside were still being put by the workers

and engineers. Only the ground floor of the structure

was shown to the media and various works including

air conditioning, installation of lighting appliances and

making toilets etc. was to be taken up later.

Components & Material

The project is an example of Prefabrication, also called

Prefab Technology. No bricks and sand was used for the

construction. Concrete was only used in the foundations

and three inch deck floorings in the nut and bolt structure.

All the components of the building were manufactured in

a factory and transported to the site. It took about two

months to pre-fabricate the whole structure including

The Instacon building was constructed using pre-fabricated steel structure technology.

Strict personal safety standards were duly maintained to avoid injuries


10

Punjab Deputy Chief Minister Sukhbir Singh Badal laid the foundation stone of the Instacon building

Dy CM Sardar Sukhbir Singh Badal with Synergy CMD Harpal Singh at the Instacon site

World’s Tallest Building in 90 Days!The Burj Khalifa has competition. The tallest building in

the world may soon lose its mantle to a building dubbed

the “Sky City” in China. Not only does Hunan-based

Broad Sustainable Building wants to beat the Burj in

terms of height (by 10 metres), the company has plans to

do so in an astounding 90 days! It took five years to build

the Burj Khalifa. Come January 2013, the 838 metre,

220-storey tower will start sprouting module-by-module.

The 90-day challenge to end in March 2013.

Sky City is set to house 17,400 people as well as a hotel, a

hospital, several schools, offices and apartments. BSB’s

construction workers are expected to build at a rate of five

stories a day to meet the deadline. The skyscraper will

feature over 100 high-speed elevators and is expected to

be able to withstand a magnitude 9.0 earthquake. BSB

will construct 95% of the building at offsite factories before

ground is broken on the site for the actual structure. The

project is set to cost half as much as the Burj, i.e. about

$630 million. Broad Sustainable Building has already built 16 structures in China, including a 30-story hotel

constructed in 15 days.


essentials like water supply components, wiring,

sanitation, air conditioning ducts etc. In fact the entire

work done onsite constituted just 20% of the total work.

Key Features

The fastest completed building of its kind in India

was designed by IC Syal, an ex-professor of Punjab

Engineering College. As per Mr Syal, the structure can

withhold for an astounding 600 year period. Due to its

tube-in-tube structure, seepage or leakage issues were

not expected and when tested, the building’s deflection in

case of strong winds and earthquakes came to 49mm as

against 123 mm deflection allowed by the government for

conventional buildings.

Instacon has also been cleared to withstand a high-risk

Zone-V category earthquake. Also significant is the fact

that this construction mechanism has been approved by

the Council of Scientific and Industrial Research (CSIR)

Delhi and Structural Engineering Research Centre (SERC)

Chennai.

200 skilled workers, technicians and engineers worked round the clock to come up with the 48-hour wonder

11

PROJECT INSTACON TIMELINE

Thu, 29 Nov 2012 4:30 p.m. Foundation laid by Deputy CM, Punjab

Thu, 29 Nov 2012 5:30 p.m. Completion of Ground Floor

Thu, 29 Nov 2012 10:30 p.m. Completion of 3 Floors

Fri, 30 Nov 2012 4:30 p.m. Completion of 8 Floors

Sat, 01 Dec 2012 4:30 p.m. Completion of 10 Floors

Concrete was used only in foundations and the 3-inch deck floorings in this nut-and-bolt structure


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FOR THE J Y OF TRAVELFOR THE J Y OF TRAVEL

Now that entrepreneur Harpal Singh, head of infrastructure company Synergy Thrislington has delivered on his promise to construct a 10-storey building in 48 hours, he likes to tell visitors all they want to know about India’s first such building. We asked him a few questions.

P&W: What inspired you to bring in this concept of instant

building?

HS: It took me two years to construct my own house. I still

remember the pain and the agony of sacrificing such long

hours, day in and day out, trying to get each little thing

done. Building a house is a necessity but since nothing

is organized, we tend to lose a lot of time in procuring

materials, as and when the contractor demands. Secondly,

chasing workers is a major hassle. For example, it takes

people of four trades to set up a geyser in your bathroom.

It was about seven months back that I’d conceived this idea

of building a 10 storey building in 48 hours. It seemed

exciting to me because no one else had made such

an attempt in India. Once the goal was set, we put our

resources together to make this dream a reality. There was

a lot of work to do but we were able to plan the workflow

well and complete things on time.

P&W: How does modern building technology relate to our

well-being?

HS: We check the quality of water that we drink and ensure

that it is purified and filtered. Similarly, air quality should

also be monitored. Let’s not forget, we keep breathing,

even when we are asleep!

It’s only now that we’ve started to hear terms like VOC free

paints in India. Volatile Organic Compounds are chemicals

which are used to manufacture and prepare many building

materials and interior furnishings. These chemicals tend to

evaporate and get into the air easily at room temperature.

Inhalation of VOCs causes havoc with our health. Modern

methods of construction employ VOC free materials as well

as a host of other features that promote healthy air.

P&W: The requirement of affordable housing in the

country has reached humongous proportions. How does

Prefabrication technology correspond to this requirement?

HS: The requirement of low cost housing in our country is

indeed huge and new technology does provide sustainable

solutions too. Synergy Thrislington in collaboration with

CSIR-SERC has come up with a unique concept of Insta

Home. It’s basically a lightweight wall and roof panel

construction system that can be used in mass housing

construction. We have our limitations too, for example

EWS building norms allow upto G+3 (ground plus three

floors) construction.

P&W: Instant coffee, instant tea and instant noodles. So

are we now moving towards instant buildings?

HS: I sincerely hope so. We don’t have to keep looking for

solutions to old problems in old places. If new technology

can help us save time and money in construction, why do

we need to keep sticking to traditional methods? Innovation

is the need of the hour.


newsdeskREAL ESTATE & INFRASTRUCTURE NEWS

16

regional

The Punjab and Haryana Court has

slapped a penalty of Rs 17 lakh on

the Haryana Urban Development

Authority for carving out plots on an

unacquired piece of land and for

harassing two persons. The court

has ordered that Rs 10 lakh and Rs 5

lakh be paid as compensation to the

allottees Paramjeet and Kulwinder.

An additional Rs 2 lakh be paid

as penalty by the estate officer to

Paramjeet for wrongly denying her

claim.

Times Property Expo Venue: Expo CentreDate: 08 Feb to 10 Feb 2013

Times Franchise Expo Venue: Himachal BhawanDate: 23 Feb to 24 Feb 2013

HUDA Fined

forthcoming events

Panchkula

A person from Kerala who posed as

a former Member of Parliament and

fleeced Rs 3 cr from an unsuspecting

property dealer in the capital has

been arrested. Dhananajayan KG has

been handed over to the Economic

Offences Wing who will investigate all

past cases against him.

Fraudster Arrested New Delhi

The Delhi Metro Rail Corporation

(DMRC) has hit a hurdle in the

construction of Metro Phase-III.

Parts of the upcoming 120-km long

corridor fall on Defence land, the

process of acquisition has been

As a special initiative, the Municipal

Corporation has begun work on a

new project that entails round-the-

clock water supply for Chandigarh

residents in rehabilitation colonies as

well as sectors. The venture would

initially be launched as a pilot project

in the rehabilitation colony of Vikas

Nagar in Mauli Jagran.

The Punjab government has

approved to acquire 5,250 acres

of land in Mullanpur area under

land pooling scheme to ensure

its development in an integrated

manner. A decision to this effect

was taken during 14th meeting of

Greater Mohali Area Development

Authority (GMADA) held under the

Chairmanship of Chief Minister

Parkash Singh Badal

Metro-III

Water 24X7

GMADA to Acquire Land

New Delhi

Chandigarh

Mullanpur

Chandigarh Noida

newsdesk

pending for over a year and DMRC

has requested the Union Urban

Development Ministry to hold inter-

ministerial dialogue with the Ministry

of Defence in this regard.

Illegal Parking Gurgaon

The Haryana Urban Development

Authority is planning a crackdown

on the illegal parking sites being

operated in various locations in

Gurgaon. Over a dozen illegal

parking sites operating on HUDA

land had been scrapped by HUDA

officials in the past.

Flat Owners Meet Minister Noida

Flat owners in Noida Extension

recently met Housing and Urban

Poverty Alleviation Minister Ajay

Maken for resolution of their

issues regarding cancellation of

flat allotments by builders. They

requested the Minister to help the

investors by issuing directions to the

builders regarding cancellation of

allotments.


national

17

US-based real estate development

company Portman Holdings has

invested about Rs 65 cr in Tata

Housing’s luxury project Promont

in Bangalore. The company would

develop 400 units in the first phase

and about 150 villas in the second

phase. The price range of units is Rs

1.5-3 cr, while villas at over Rs 5 cr

and the total project cost is Rs 650

cr to be invested over the next five

years.

Blackstone, the largest real estate

private equity firm in the world, has

offered to buy out the prime office

Shubh Aarambh 13’ Venue: MLR Conventional CentreDate: 19 Jan to 20 Jan 2013

Dalan 2013 Property Expo Venue: Shahupuri Gymkhana GroundDate: 18 Jan to 21 Jan 2013

Tata Housing

Vijay Mallya’s Office

forthcoming events

Bangalore

An allegedly over-priced land deal

worth Rs 100 cr involving the

Institute of Chartered Accountants of

India (ICAI) has landed its president

Mr Jayadeep Shah in trouble. He

is said to have finalised a deal for

purchasing a nine-acre plot in

Chennai for setting up a study centre

of the institute without keeping ICAI’s

central council members in the loop.

Reacting to a report published in a

leading newspaper, revenue officials

inspected the Bhageerathi lake in

Khajaguda following which they razed

the illegal structures in its vicinity.

Almost 3 acres of encroached land

was thus freed of illegal structures

and the prompt action has pleasantly

surprised environmentalists fighting

for conservation of lakes.

Greater Noida these days seems to be

centre around sports and real estate.

And that was certainly brought home

at a press conference held near the

Yamuna Expressway where London

Olympics bronze medal winning

boxer MC Mary Kom announced the

opening of a boxing academy bearing

her name. Backed by real estate

developers Supertech Limited, the

company’s chief managing director

R. K. Arora admitted that the likely

appreciation in land value was one of

the driving factors for his company’s

involvement with the project.

The Andhra Pradesh Housing Board

has decided to resume auction of

plots in the city after a gap of four

years. The authorities are hoping to

ICAI Chief Bhageerathi Lake

Mary Kom Boxing Academy

AP Housing Board

Chennai

Hyderabad

Noida

Hyderabad

Bangalore

KolhapurBangalore

newsdesk

and retail real estate blocks in UB

City, UB Holdings’ commercial

property project situated in the heart

of Bangalore. The offer price is said

to be around Rs 550 cr, less than

what was initially estimated.

pocket about Rs 100 cr for the plots

in Kukatpally out of which nine are

located in phase-15 of KPHB, close

to Hi-Tec City.


18

international

At a recent event in London’s

Canary Wharf financial district, the

Association of Real Estate Investment

Trusts presented Turkey’s investment

opportunities. Turkey wants to attract

up to $10 billion a year to its property

market from global investors.

The France Show 2013 Venue: Earls Court TwoDate: 18 Jan to 20 Jan 2013

Zak India Property and Real Estate Expo Venue: Singapore ExpoDate: 24 Jan to 27 Jan 2013

Global Investment

forthcoming events

Real estate transaction volumes in

Argentina fell approximately 75% in

Oct compared to Oct last year following

a worsening negative trend of year-on-

year sales throughout. The drop in

transaction volumes have no bearing

on prices that refuse to come down.

On the contrary, prices have jumped

sharply in places like Nuevo Palermo,

a small residential area housing luxury

high rises in Buenos Aires.

Falling Realty Sales Argentina

Developers have urged the government

to adjust its first property tax aimed

at overseas and corporate buyers,

saying it threatens Hong Kong’s

“hard-earned reputation” as one of

the world’s freest markets. The Real

Estate Developers’ Association said the

government should exempt buyers of

apartments costing more than HK$30

million and purchases by companies

whose directors or shareholders are

permanent Hong Kong residents.

Property Tax Hongkong

Turkey

Spanish banking giant Santander

has sold its 20-storey Midtown office

building for $120 million in a sale

and leaseback. The 113,000 sq ft

building was constructed specifically

to house the bank’s New York

operations.

Indiabulls Real Estate Ltd, One

of India’s largest listed real estate

developers which has delivered

3.3 million sqft developed space

valued at $1.75bn in the last four

year, has set up its Dubai’s office

in Karama area. The company

said in a statement that the local

representative office “will cater to

the rising interest and demands of

the UAE-based non-resident Indians

(NRIs)” in its projects across India.

The company is also planning to

open representative offices in other

GCC countries such as Saudi Arabia,

Qatar and Bahrain.

Santander Office

India Bulls Real Estate

New York

Dubai

Singapore London

Causeway Bay area in Hong

Kong has been declared the most

expensive retail street in the world

as per Cushman & Wakefield after

completing its 2012 survey of high-

end retail markets. The area has

beaten out New York City’s Fifth

Avenue for the first time in eleven ye

ars.

Priciest Retail Market Hong Kong

newsdesk


Hot Spots

Chandigarh Capital Regiazon 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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HOT SPOT IN FOCUS Disclaimer: Map is not to scale and purely for illustrative purpose. Accuracy of the map is not guaranteed.


23

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.

HOT SPOT IN FOCUS - ZIRAKPUR R ZONE 2


Location: VIP Road (near Penta Homes), Ambala-Chandigarh Highway, ZirakpurHighlights: - Modular Kitchen with

Chimney - Free Car Parking

- 2 AC’s - Texture Paint on 3 Walls

- Water Purifier

Options: 2BHK (1150sqft)

IndependentYds.

Kiran Apartment

BudgetPlanner

BudgetPlanner

in lakh

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

Possession in November 2012

Location: VIP Road, ZirakpurHighlights: Choice of 2/3 premium apartments and penthouses characterised by Singapore architectural collabration. Recreational Club with Swimming PoolOptions: 2/3 BHK, Penthouses

Jaipuria’s Sunrise Greens

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: VIP Road ZirakpurHighlights: Surrounded by lush green gardens. Club house having facilities as swimming pool, table tennis, library, yoga centreOptions: 3BHK, Penthouse

Maya Garden Phase-3

BudgetPlanner

BudgetPlanner

in lakh

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

Zigma Wealth: 8146992437


Location: VIP Road ZirakpurHighlights: •Club house complete with all recreational and leisure facilities•Covered car parking•Provision for piped LPG supplyOptions: 2BHK, 3BHK, 4BHK, 5BHK Penthouse

Pearls Nirmal Chhaya

BudgetPlanner

BudgetPlanner

in lakh

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

Ready to move in

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

Ojas Grand, Zirakpur

BudgetPlanner

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in lakh

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

Savitry Greens

BudgetPlanner

BudgetPlanner

in lakh


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

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

HOT SPOT IN FOCUS

24 PROPERTY & WEALTH VOL 2, ISSUE 04, DECEMBER 2012

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


HOT SPOT IN FOCUS - MIXED LAND USE & INDUSTRIAL SECTORS 82, 66, 66A, 66B



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


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.

Signature Towers

BudgetPlanner

BudgetPlanner

in lakh

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


Location: Sector 66-A, SAS Nagar(Mohali),Highlights: The ultimate office spaces with futuristic designs, state-of-the-art facilities and relaxing environment strike the right balance between modernity and functionalityOptions: Office Spaces

Janta Twin Towers

BudgetPlanner

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in lakh

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



Location: Sector 66A MohaliHighlights:City-within-a-city concept, which shall comprise of built up IT offices, BPO/ Institutional space, residential units, hotels, premium clubhouse etcOptions: Industrial Plots, Office Spaces, Residential Apartments

Yellowstone Landmark Info City

BudgetPlanner

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in lakh

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


Location: Sector 66, Mohali (adjoining Chandigarh)Highlights: Most Prime Location in Mohali adjoining Chandigarh Options: Office Spaces2BHK & 3BHK Flats @ INR 5,645/- per sqft & Office Spaces @ INR 5,000/- per sqft.

Bestech Square Sector 66 Mohali

BudgetPlanner

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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

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in lakh

MaKaan Search 8437002002, 9872588555

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WEEKEND/HOLIDAY HOMES

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

Amravati Hills

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in lakh

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DLF Samavana

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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

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26


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welcome to punjab

At a recently conducted convention aptly

named “Punjab Land of Opportunities”

organised by CREDAI in New Delhi, Punjab

Deputy Chief Minister Mr. Sukhbir Singh

Badal called upon real estate developers

from India and abroad to invest in Punjab. Showcasing

10,000 acres of prime commercial land in various cities

across the State, he announced several State initiatives

in the offing that promised to provide better business

opportunities for investors and promote consumer

satisfaction too.

In view of the importance of the announcements made by

the honourable Minister at the convention, we would like

to urge our readers to go through the following excerpts

taken from the press release made by Information and

Public Relations Department, Punjab, consequent to the

convention. We’ve inserted appropriate titles to the copy

to facilitate quicker understanding.

INFORMATION AND PUBLIC RELATIONS DEPARTMENT, PUNJAB

SUKHBIR SHOWCASES PRIME REAL ESTATE PROPERTIES

TO INTERNATIONAL DEVELOPERS

• Invites them to invest in Punjab- The Land of

Opportunities

• Showcases 10,000 acre prime commercial land in

various cities

• Punjab real estate policy by December 15

• Real estate to be given status of industry

• Promises plethora of incentives including hassle free

clearances, time bound EC clearance, uniform code

for all cities, unlimited heights besides rationalising

charges

• Calls them to focus on consumer satisfaction

Land of Opportunities

Presenting Punjab as Land of Opportunities, Mr. Badal

said that Punjab defied global recession by clocking 20

plus percentage VAT increase without increasing any tax

28

A Clarion Call to Real Estate Developers


The Punjab Deputy Chief Minister Sukhbir Singh Badal addressing international and national Real Estate Developers at the convention held under the aegis of Confederation of Real Estate Developers Association of India

rate. Punjab with highest consumer index high per capita

income best infrastructure in the country, best human

resource, best industrial and agri work culture and on the

top of it with enterprising Punjabis willing to take every

risk was the best place to invest. It was the only state in

the country that has prepared master plans of all the cities

with a focus on planned urban development. He said that

it would be the first state in the country that would be

power surplus by December 2013, three international

airports, all cities linked with 4/6 lane road networks and

was laying special emphasis on education, health and

hospitality. He also added that that Punjab has already

notified the master plan of 32 cities, 72 local planning

areas, 147 towns and 27 master plans were under

preparation.

Power & Urban Development

Giving details of Power surplus status, Mr. Badal said that

against the demand of 8214 MW and current availability

of 5872 MW, Punjab would be generating 11484 MW by

the end of 2013. He said that Rs. 12000 crore 1980 MW,

Talwandi Sabo Thermal Plant, Rs 3000 crore 540 MW

Goindwal Sahib Thermal Plant and Rs. 9000 crore 1400

MW Rajpura Thermal Plant are all set to be operational by

next year. He said that by next year Shambhu-Jalandhar,

Jalandhar-Pathankot, Jalandahr-Amritsar, Amritsar-

Pathankot, Amritsar-Zira-Kot Kapura-Sri Ganga Nagar,

Ludhiana-Moga-Talwandi, Hoshiarpur-Jalandhar-Moga-

Barnala-Sangrur-Patran-Jind, Kharar-Ludhiana, Kurali-

Ropar-Kiratpur Sahib, Ambala-Zirakpur-Kalka, Zirakpur-

Patiala and Patiala-Bathinda would be linked with 4/6 lane

roads with the investment of Rs. 7600 crore. Focusing on

planned Urban Development, Mr. Badal said that he has

sanctioned Rs. 10,000 crore for integrated development of

147 cities that would provide 24X7 Power, 100% Drinking

Water and Sewerage Coverage, Solid Waste Management

and would ensure smooth traffic management. Inviting

Real Estate Developers to invest in Punjab, Mr. Badal

said that Real Estate, road and urban infrastructure, Edu

cities in Mohali, Ludhiana and Bathinda, tourism and

entertainment hubs in Amritsar and Ludhiana, health,

hospitality and IT sector and offered total cooperation of

State Government.

GMADA

Showcasing Real Estate opportunities in the GMADA

region, Mr. Badal said that City Center (80 acre), Medicity

(200 acre), IT City (1600 acre), Education cities (1700

acre) were the life time opportunities in the vicinity of

Chandigarh that would change the total profile of the

Northern India. He said that Tata Cancer and Research

Hospital has already moved in Mullanpur and Edu

Cities were offering 1700 acres for universities, colleges,

institutes of management, computer science, engineering

and bio tech etc. He said that sector 62 City Center would

offer integrated development of five star hotel, convention

center, shopping malls, multiplexes and auditorium.

Reiterating the resolve to make GMADA as IT hub of

South East Asia, Mr. Badal said that top IT companies

were vying to setup their units in 1700 acre located near

international airport Mohali. Mr. Badal also showcased

real estate opportunities in Ludhiana including 124 acre

land near Ludhiana airport, 1500 acre integrated township

near Ludhiana, 4500 acre entertainment hub that are set

to put Ludhiana on the the world tourist map. He also

offered prime real opportunities in Amritsar, Jalandhar

and Patiala.

Real Estate Policy

Announcing Real Estate Policy by December 15, Mr.

Badal said that the policy would include plethora of

incentives including hassle free clearances, time bound

ec clearance, uniform code for all cities, unlimited heights

besides rationalising charges. Mr. Badal said that Punjab

Government always had a massive response its real estate

schemes as received 3.25 lakh applications for 4000

properties in Aero City and 1.25 lakh for 807 properties

in Mullanpur.


CREDAI (Punjab) President Kulwant Singh looks on as Dy CM Sukhbir Singh Badal lights the inauguration lamp at the convention

Mohali Rising

“What’s in a name?” questions

Juliet in Shakespeare’s famous

tragedy. They are in the middle of

a discussion about Romeo’s family

name and she adds, “that which we call a rose by any

other name would smell as sweet.”

Renamed yet again as Ajitgarh by authorities in February

this year, Sahibzada Ajit Singh Nagar is still better known

by its original name Mohali. It will be a while before

people get used to the new name but if I may so ask,

“how does it matter?” What really matters is that the

residents of this young, developing city should be able

to lead happy, safe and prosperous lives. There was a

time when their city was referred to as a ‘satellite’ city, a

shadow of neighbor Chandigarh. But if you visit Mohali

today, you’ll be impressed with the clean, wide roads,

decent sanitation and electricity provisioning. Add to

that the emergence of industries as well as green belts,

good schools and parks; and an international standard

stadium. Mohali is becoming more and more attractive

with each passing day.

Owing to the higher property rates and the diminishing

space in Chandigarh, people now prefer to enter Mohali

property market as a second choice. The real estate

sector in Mohali during recent times has started seeing

an upward trend because of the increasing number of

authentic buyers investing herein. And it is not just

residential property that is in demand, the commercial

segment in Mohali real estate is also seeing good days.

High rentals in Chandigarh are also contributing to

growth of commercial market. Even as the government

proposes to make Mohali an IT hub, numerous brands

have already gone ahead and made sizeable investments

giving a substantial boost to the retail sector in Mohali.

Interestingly, land rates in some of the posh sectors in

Mohali are almost at par with Chandigarh’s. As compared

to Panchkula, Mohali’s property prices are on the higher

side. A one-kanal house in Mohali now costs between Rs

3.5 crore to Rs 4.5 crore while a ten-marla plot sells for

around Rs 2 crore to Rs 3 crore.

The boom does not extend to the residential areas. Last

month, Greater Mohali Area Development Authority

30

Region’s Hottest Real Estate Destination

Wave Estate Sector 85, Mohali


earned about Rs. 62 crore by auctioning 18 commercial

sites, in which, an SCO in Sector 61 (measuring 101.17

square meter) fetched Rs. 6.20 crore, as compared

to Rs. 5.94 crore in the auction occurred last year. Most

of the buyers in the auction were outsiders backed by big

real estate players. In 2009, an SCO in Sector 69 was

sold off for Rs 12.75 crore against the reserve price of Rs

4.75 crore during the auction.

Spurring the demand in Mohali is the development of

an international airport, an air-conditioned bus stand,

a 5 star hotel, malls, setting up of top institutions like

the Indian Business School and the Indian Institute of

Science; the entry of high-profile groups such as EMAAR,

Unitech, Parsvanath, TDI, JLPL and Omaxe. C&C, a

private construction company has undertaken a major

retail project in Mohali that includes air conditioned bus

stand, mall with 10 screen multiplex, Hotel Hyatt Place

with roof top swimming pool, spa, business condo suites,

roof top helipad and a mega shopping mall known as

Mohali Junction.

31

Construction in full swing at TDI City Mohali.

Chandigarh Group of Collage Landran


Residential Real Estate From Concept To Construction

32

Kishor PateHon. Secretary, CREDAI (Maharashtra)

Residential project development begins as

a concept, when the builder evaluates the

market and decide on a suitable location

based on historic and projected demand

for housing in that area. The location should

either have more demand than supply or there should

be a lot of infrastructure coming up there. Experience

plays a big role at this stage - developers with insufficient

experience tend to misjudge an area’s potential and suffer

resulting losses.

Viability Analysis

Once the site is identified, the builder needs to undertake a

preliminary viability analysis, which is ideally done through

an outside agency. The agency will conduct a feasibility

study based on how many households already exist in the

area and how many will be required over the ensuing 2-3

years (which is the average period required for a mid-

income residential project). The local property registration

office is the first port of call to obtain the information of

existing households. The expected demand is invariably

based on a certain degree of academic extrapolation.

However, the location’s overall development profile will

provide sufficient control points to ensure a fair degree

of accuracy.


Another aspect included in a viability study is the average

income profile of the existing and expected population.

This aspect, which basically centers around how much

potential property buyers would be able and willing to

spend in the area, is very important in order to arrive at

the most appropriate project profile. This, again, is where

many inexperienced developers go wrong. They buy into

uninformed opinions and guesswork about a location

and launch projects with units whose price tags are not

calibrated to the locality’s economic profile. Once the

results of this miscalculation become apparent, it is too

late. Considering the cost of constructing larger and better-

equipped flats, they cannot reduce rates retrospectively

without incurring heavy losses and marring their company

image.

Competition analysis plays an important part in the

feasibility study. In any area with sufficient real estate

market potential, there are bound to be quite a few other

developers in the fray. While analysing the viability of a

developer’s proposed project, the agency will have to

assess how many competitors exist, what kind of projects

they are launching and when these projects are likely to

be completed. If too many other projects are scheduled

for completion at the time when the developer intends to

launch, the resulting glut will result in reduced demand

and give rise to a pricing war.

Land Acquisition

Once the location and the type of project to be launched

there are finalized, the developer scopes the area for

available sites. Not all sites are equal even within a small

location - some do not have sufficient ground water,

while others may have geological flaws which would be

very costly or impossible to correct. Some have existing

access roads or potential for creation of such roads, while

others lack roads and zoning regulations do not permit

their creation. Yet others may be ideal but not for sale.

Once a suitable site is selected, the developer enters into

an option agreement or a contract of purchase for the

selected site.

In a number of cases, developers have land banks in

locations that they judged to hold potential for the future.

Since such land may have been held for a number of

years before actual use, such developers are at a distinct

advantage.

Project Planning And Development Permits

If the feasibility study gives a general green signal,

the developer will engage an architect to prepare the

preliminary plans along with projected costs. These plans

then need to be submitted to the planning authorities for

clearance. This is invariably an extremely tedious and

time-consuming process as a multitude of permits need

to be obtained before the authorities give clearance.

Financing The Project

Once all permits are in place, the developer will have to

raise capital in order to fund purchase of the site and

the construction of the project. Established builders with

good success records tend have significant cash reserves

from previous projects and also have healthy investor

pools. Their reliance on bank lending is therefore lower.

Less established developers would depend a lot on their

personal reserves, revenue generated by pre-sales and

costly debt funding.

After funding is ensured, the developer can draft the

final project plans and layouts and begin construction.

Marketing of the project begins alongside. Sample flats

are constructed first to offer prospective buyers a visual of

what their flat would look like. At this stage, the developer

will also begin marketing the project aggressively,

employing various avenues of promotion and advertising.

Brokers are engaged to supplement the marketing efforts

of the developer’s own direct sales staff.

Real Estate CapitalMarkets Predictions for 2013

34

Ramesh NairManaging Director (West) Jones Lang LaSalle India


In 2013, the availability of debt capital is likely to

increase while the flow of equity capital will remain

more or less stable. The bid-ask spreads will

reduce, increasing overall transaction volume even

as additional cuts in CRR and repo rates will infuse

more liquidity into the system. Cross-border capital will

begin to make a gradual comeback in the coming year

and cap rates for office and retail properties are likely

to descend to 10.5% and 11.5% from 11% and 12%

respectively.

Investors will focus more on transparency, governance and

liquidity before investing. Given the on-going challenges

that the Indian real estate sector faces on these fronts,

even fewer development companies will be successful on

the public equity markets. Nevertheless, private equity

deals volumes will increase, and there will be more M&A

activity within the PE industry. A number of vintage funds

from 2007-2008 will have to look at exiting in 2013, some

of them at low IRR’s. Given the overall uncertainties, these

funds would look at postponing their exits to 2014.

Insurance firms will start investing directly in low-risk,

income producing office real estate. Investment bidders

per property will increase, this time around with lower

return expectations. Investment periods of funds will

reduce from 5 years to 4 years.

In 2013, after a lull of two years, banks are likely to start

offering construction finance to residential projects with

approvals. They will also become marginally more flexible

on interest rates, collaterals, LTV’s and upfront fees.

Established funds will get back into the fund raising mode

after a 3-year hiatus.

As before, developers with longer operating history such as

Oberoi, Shobha and Prestige who have managed growth

effectively over the years and predictability of income will

find it easier to raise funds in 2013. It is unlikely that any

major player will venture out nationally, with the accent

for 2013 remaining firmly on local expansion. Also, we

will see developers focusing more on joint ventures with

landlords rather than on buying land.

In 2013, we will see most PE deals being structured to

give the investor the first preference to cash flows. Most

real estate PE investments will be focused on Tier I cities.

Funds with a good track record that have a strategy to target

a narrow asset class within specific locations such as last

mile funding for residential under construction projects

in Tier 1 cities and having strong delivery teams will be

able to raise funds more easily. Regulatory authorities will

increase their scrutiny of private fund raising offerings

and closely monitor if the funds raised by the companies

are being used for stated objectives.

Private Equity funds will raise distressed real estate funds

and get traction from bank NPA’s and ARC’s. A number of

new domestic real estate PE funds backed by corporate

entities are likely to be launched in 2013. Also, large

family offices will now begin creating dedicated real estate

teams.

PE fund terms such as waterfall structure, carried interest,

general partner commitment and management fees will

change to address investor concerns such as governance,

transparency, reporting and operating controls post the

global financial crisis. Limited partners will scrutinize

fund platforms lot more carefully before investing on

the heels of previous negative experiences with issues

such as integrity of the general partner and quality and

sustainability of earnings. Many more funds will adopt a

conservative cash flow-driven investment approach and

focus on investing in income producing office assets,

with an accent on asset repositioning, refinancing and

refurbishment.

We expect new guidelines for non-banking HFCs to assist in

pushing funding for the housing sector in 2013. There will

be more liquidity available in the housing finance market

as rules for raising external commercial borrowings will be

relaxed for HFCs, and with SEBI allowing debt funds to

invest an additional 10% in HFCs. HFCs will also look at

tapping the QIP market to raise funds in 2013.


The Impact Of Revised Circle Rates In Delhi NCR

36

Santhosh Kumar CEO - Operations, Jones Lang LaSalle India


The upward revision of Delhi’s circle rates

has created a furore of conjecture in the real

estate fraternity. This is understandable, but

it is important to understand what the real

implications will be. In fact, this revision

will not have any immediate impact. Property prices in

general are governed by market forces - namely demand

and supply. Property rates in Delhi NCR’s secondary

market already surpass the existing circle rates, and even

the revised rates. That said, upward revision of circle rates

has always resulted in a marginal increase in property

prices, so a nominal increase in rates in NCR’s secondary

market over the mid-term cannot be ruled out.

Circle rates are basically the minimum valuation at

which land and immovable properties in the city have

to be registered with the Government. The upward

revision in circle rates will certainly cause official property

valuations to rise. Property registration costs will increase

as the minimum amount at which property has to be

registered (i.e. circle rates) has increased, along with

the correspondingly stamp duty payable on the registry

amount.

The revised circle rates will act as a deterrent to cash-

rich investors who have made the NCR realty market a

speculative hunting ground. HNI’s with larger financial

appetites and stockpiled capital have been targeting this

market with the aim of achieving massive returns. The

revised circle rates across all property categories will

now encourage a proportionate infusion of accounted-for

money into real estate transactions.

In other words, the raised circle rates will prove to be a

demotivating factor for investors who have been playing

the market basis their unaccounted money. Speculators

will moderate their aggressive approach because they

will now be needed to shell out a higher proportion of

traceable funds, which they had earlier earmarked for

investment in other options. However, the impact on

speculation will not be extremely significant, since only a

very limited number of transactions have happening in the

upbeat colonies which are most impacted by this move.

In all other localities, the impact of the revised circle rates

will be moderate in capital terms, and within the financial

appetite of most investors.

It will definitely encourage underwriters, big-time investors

and listed companies willing to invest in NCR’s real estate

market, because of the resulting transparency. Major

investors and big players prefer transparent deals with

minimal cash components, if any. It is only the smaller

players and unlisted companies and investors with large

amounts of surplus cash who will be negatively affected,

as their ability to involve themselves in realty transaction

on the strength of their unaccounted-for monies will

reduce significantly.

In short, this step will reduce black money in NCR’s

realty deals. The region’s circle rates have always been

significantly lower than the prevalent market rates - a

scenario which allowed both end users and investors to

absorb the cash over and above the circle rates in any

realty transaction. With the increased circle rates, the

magnitude of required traceable funds has also risen.

Even so, while the flow of unaccounted funds in realty

deals will reduce, it will not completely wipe out the use of

black money in real estate transactions.

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

Direct Dealing With Owner

Contact: 98761 26006

This year has seen the value of rupee going

down by around seven percent. Non-

residential Indians (NRIs) are taking up

enough advantage of this situation and are

skirting up property in India. Due to a survey

conducted, it is revealed that 26.7 per cent of NRIs are

looking to buy property as an additional investment,

which is a six per cent increase in comparison to last

year. 89 per cent of them will put in properties worth

Rs. 1 crore and above. The larger Indian cities, like

Mumbai, Delhi and Bengaluru are suggested to give

higher returns in comparison to others and this is

why they have been listed amongst the list of top five

destinations. As infrastructure is developing at a great

pace in tier 2 cities as well, so the rate of appreciation is

also proportionally going higher.

Other Factors

In addition to the declining value of the rupee, there

are other important factors that make investment in

real estate attractive for NRIs. India’s growing status

as a major economic power on the world stage is no

secret and in order to encourage the flow of funds, NRI

investments in real estate have also been simplified.

The Government of India has put in place a liberal and

transparent policy for investment from overseas Indians.

Several measures have been taken by the RBI. NRIs

can invest, transfer, give and inherit immovable property.

NRIs holding Indian passports and persons of Indian

origin (PIOs) enjoy parity of status. The RBI has granted

general permission to person resident outside India

holding Indian passports and PIOs to buy residential

and commercial properties in India.

Housing finance companies and banks have been

permitted to offer NRI home loans and also to PIOs. For

Middle East

Asia

South America

HELPS NRIs INVEST IN INDIAFALLING RUPEE

NRI Population Across the World


0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

Saudi Arabia

United Arab

Emirates

Kuwait Oman Qatar Bahrain Yemen Jordan

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Hong Kong S.A.R. Malaysia Singapore Philippines

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

Guyana Suriname Trinidad

Africa Europe

North America Fiji, Australia, New Zealand

repatriation, NRIs do not have to go through a circuitous

route. They can approach authorized dealers of foreign

exchange without going through the RBI. The rental

income obtained from investment in Indian real estate

can also be repatriated every year. Both NRIs and PIOs

can invest in limited companies engaged in real estate

development.

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

United Kingdom Netherlands France

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

United States Canada

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

United States Canada

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

Fiji Australia New Zealand


40

A teenage group comprising four girls from Nigeria

have come up with a urine-powered generator which

can produce six hours of electricity per litre. The girls

presented their remarkable invention at this year’s

Maker Faire Africa, an event created by Make magazine

to “celebrate arts, crafts, engineering, science projects

and the Do-It-Yourself (DIY) mindset”. Their names are

Duro-Aina Adebola, Akindele Abiola, Faleke Oluwatoyin

and Bello Eniola.

MasterCard’s India-born CEO Ajaypal Singh Banga

has made his mark at number eight among fifty

businesspersons ranked worldwide by Fortune

Magazine this year. The only other Indian on the list

is Chanda Kochhar of ICICI Bank. Banga took over as

CEO of MasterCard in 2010. Born in Khadki outside

Pune where his father, an army officer, was posted, he

grew up and schooled across various places in India

and began his business career with Nestle in 1981.

fortune’s bestteenage wonders

be a prosperity seeker


41

The Western Hockey League is a major junior ice hockey

league in Western Canada and the Northwestern

United States. Once a year, for the past nearly two

decades, the WHL franchise has fans throw teddy

bears on the ice when the team scores their first goal.

The stuffed animals are then given to needy children.

This year it was first year player Paylo Padakin whose

goal triggered the avalanche of 21,534 bears hurled by

16,912 very eager fans.

teddy bears on the ice

name, fame, money, social work… know what gives you a kick!

Hollywood actress Kristen Stewart (of Twilight fame)

has expressed a desire to work with Hrithik Roshan in

a Bollywood film. “In fact, if I have a boy, I would want

him to look like Hrithik Roshan, but with Rob’s (her

real-life boyfriend and on-screen husband) eyes,” she

said. Kristen, who shot to fame playing Bella Swan in

Twilight and its sequel The Twilight Saga: New Moon,

The Twilight Saga: Eclipse, The Twilight Saga: Breaking

Dawn -Part 1 is looking forward to the release of The

Twilight Saga: Breaking Dawn - Part 2.

hrithik the looker


The Gem Tree

42

fengshui


The gem tree is a feng shui tool used to correct

or cure energy flow. The feng shui practitioner

places the tree in specific locations within the

home as per treatment required. The first

thing one notices about a gem tree is the use

of specific crystals on its branches. Each tree will usually

come with one type of crystals corresponding to its feng

shui application. The gemstones are strategically glued to

the ends of the twisted wire branches.

Gemstones

Each gemstone used in feng shui gem trees serves a

specific purpose. While hematite and black tourmaline

are used for protection and grounding, rose quartz is used

to cure problems related to love. Citrine is very popular for

gem trees designed to increase wealth and cure cash flow

issues. And for power, fame and recognition, carnelian

can be used. Jade may be used for health.

Locations

In order to determine the correct placement of the gem

tree, the feng shui practitioner has first to determine the

areas of the space that correspond to the bagua map

viz. divided into eight sections corresponding to the

cardinal directions. The north area governs career and

life path. Northeast corresponds to spiritual growth; east

corresponds to health and family. Southeast corresponds

to money and abundance. Fame and reputation is located

in the south while love and marriage is located in the

southwest. Creativity and children are in the western

section; helpful people, blessings and travel are governed

by the northwest section.

Placement

The feng shui practitioner chooses a tree with a gemstone

corresponding to his client’s specific issue. He then

places it within the section that governs the general

category of the issue. For example, if a person wanted to

improve his cash flow, he could place a citrine gem tree in

the southeast section of his home. The southeast section

stands for money and abundance. Similarly, a jade gem

tree can be used for health, placing it in the east.

There is a wide variety of feng shui gem trees on the

market, from amethyst gem trees to agate and even

pearl and coral trees. Sometimes you will come across

a colorfully mixed gem tree, which is excellent for use in

your Children and Creativity area. Swarowski crystals are

very pretty, but they do not have a strong feng shui energy

because they have lead in them. The best feng shui gem

trees are made from natural rock crystals.

It is interesting to note that the more crystals, the better!

One can also add certain enhancements to a crystal tree

for example, Chinese coins for abundance. And this is

where you can use auspicious feng shui numbers, such

as 8 or 9 Chinese coins.

41PROPERTY & WEALTH VOL 2, ISSUE 03, NOVEMBER 2012

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

44

quotemagic

“I had a lot of foolish courage because when I started up the company I found I

had huge credibility challenges to overcome. I was a 25-year-old woman with

no business experience, I was trying to pioneer a sector called biotechnology

which nobody had heard of.”

Kiran Mazumdar-Shaw One of India’s richest self-made women, Kiran Mazumdar Shaw started Biocon at the age of 25 with Rs 10,000. About 34 years later, the leading drug company is worth $800 million and employs more than 6,000 people at its vast campus in Bangalore.


10 Secrets to Wealth and Life Warren Buffet Style

Renowned American businessman and

investor Warren Buffett was born on

Aug 30, 1930, in Omaha, Nebraska.

Demonstrating a knack for financial and

business matters early in his childhood,

Buffett was running a small business at the age of 13.

He later started the firm Buffett Partnership in Omaha,

with huge success. As of September 2012, Forbes

Magazine pegs his net worth at $46 billion. In 2006,

he publicly donated $37 billion to the Bill and Melinda

Gates foundation, the largest act of charitable giving in

US history.

Buffett’s reputation for frugality, folksy wisdom, and

straight talk have endeared him to millions across

the globe. Over the years, several biographies of the

master investor have made their way into their hands -

The Making of an America Capitalist, The Good Guy of

Wall Street, and more recently, Alice Schroeder’s The

Snowball: Warren Buffet and the Business of Life. The

Snowball was Amazon.com’s best business and investing

book the year 2008 as also declared by the Washington

Post, the Financial Times, BusinessWeek and Publishers

Weekly. As per the Washington Post, the Snowball was

“the most detailed glimpse inside Warren Buffett and his

world that we likely will ever get”.

In an article titled “10 Ways to Get Rich” published in


an issue of Parade magazine, a Sunday newspaper

magazine, Schroeder has shared ten of Buffett’s “money-

making secrets”. In fact, the sheer wisdom contained in

these “secrets” qualify them as ten sensible ways to deal

with life in general.

1. Reinvest your profits

“Even a small sum can turn into great wealth,” Schroeder

writes, if you’re disciplined to not touch your profits. Any

serious business effort requires reinvestment of profits.

Not only does this help you to qualify for financing, it also

enables you to negotiate better terms on existing loans.

Understand and utilise the power of compound interest.

2. Be willing to be different

Trying to be liked by everyone can get most of us in a

lot of trouble. It’s easy to gravitate towards mediocrity

and sometimes it could mean lowering your standards

somewhat. Being different is a lot inspiring. At the end

of the day, you’re trying to sell yourself and people are

always looking for that someone special out of you.

3. Never suck your thumb

Putting off things indefinitely can become a limiting

factor in progress. Taking action when opportunities

arise is always a smart move. Everyone procrastinates

sometimes but it’s surprising to know that 20% of people

chronically avoid difficult tasks. They deliberately look for

distractions. Buffett’s advice is to make decisions quickly

based on the available information.

4. Spell out the deal before you start

Your bargaining leverage is always greatest before you

begin a job. Never, ever sign a contract unless you’re read

it. Take time to go through the fine print. Understanding

what you’re getting yourself into is the key to success.

Warren Buffett didn’t become the world’s third wealthiest

individual on his investing instincts alone. This remarkable

tip from the master shows how he is a master dealmaker.

5. Watch small expenses

Buffett is famous for his frugality. When his first child was

born, he turned a dresser drawer into a bassinet and for

the second one, he borrowed a crib. He once acquired

a company whose owner counted the sheets in rolls of

500-sheet toilet paper to see if he was being cheated (he

was). He also admired a friend who painted only the side

of his office building that faced the road!

6. Limit what you borrow

“Living on credit cards and loans won’t make you rich,”

writes Schroeder. Avoid unncessary debt, it is one of the

biggest drags on your financial well-being. Buffett advises

people to negotiate with creditors and pay what they can.

And, when they’re debt-free, they can work on saving

some money that you can use to invest.

7. Be persistent

It pays to be persistent. Once you’ve realised what you’re

doing is important and right, stick to it. Buffett acquired

the Nebraska Furniture Mart in 1983 because he liked

the way its founder, a Russian immigrant, did business.

Rose Blumkin had built the mart from a pawnshop into

the largest furniture store in North America. She was a

merciless negotiator.

8. Know when to quit

There’s an interesting anecdote to go with this point.

Once, when Buffett was a teenager, he went to the

racetrack. He bet on a race and lost. He then bet on

another race and lost again. Having squandered nearly

a week’s earnings, he felt sick and disheartened. He’d

learnt his lesson, though. Knowing when to quit can save

us a lot of misery.

9. Assess the risks

It is critical for existing and new business owners to be

careful of the risks prior to entering the marketplace. Also

as individuals, “asking yourself ‘and then what?’ can help

you see all of the possible consequences when you’re

struggling to make a decision — and can guide you to the

smartest choice.”

10. Know what success really means

Despite his wealth, Buffett does not measure success by

dollars. In his own words: “When you get to my age, you’ll

measure your success in life by how many of the people

you want to have love you actually do love you. That’s the

ultimate test of how you’ve lived your life.”

PROPERTY & WEALTH VOL 2, ISSUE 04, DECEMBER 2012 47

eyecatchers

Park Jae-sang

South Korean pop sensation Psy’s “Gangnam Style” recently became YouTube’s most-watched video of all time, registering more than 803 million views to overtake Canadian teen star Justin Bieber’s 2-year-old video for his song “Baby”. The portly rap singer known for his slicked-back hair and comic dance style has become one of the most unlikely global stars of 2012.

50

planetsavers

Drive Less!About half the air pollution comes from cars and trucks. It makes sense to try combining driving with alternate modes of transportation


James Duncan Scurlock is an American director,

producer, writer and financial adviser. His

award winning book and documentary, Maxed

Out: Hard Times, Easy Credit and the Era of

Predatory Lenders is a cautionary tale about

Americans reeling from too much credit. The author

has shared heart-wrenching real life stories about people

driven crazy by debt, some of them even paying with their

lives. The mad scramble for luxury fueled by debt has

brought serious misery to unsuspecting families and not

just in the USA. The temptation to binge with a credit card

can be irresistable at times, but the results can indeed be

disastrous.

James D. Scurlock

52

bookshelf

This book is currently available with www.homeshop18.com Rs 515*

Maxed Out Hard Times, Easy Credit

and the Era of Predatory Lenders


Modern, Stylish and Chic Country Inn by Carlson, Saket,

New Delhi

It is difficult to imagine a beautifully arched hotel

placed in a busy place with humongous malls and

upmarket crowd, but Country Inn by Carlson, Saket,

New Delhi has made it possible very beautifully.

Located behind the luxurious malls, this hotel holds

on a comfortable stay in the stunning and relaxing rooms.

This huge L shaped cream coloured building looks

majestic and gives a feeling of a high end yet cute and

cosy hotel with a pleasurable stay. The Blue coloured

glass on the corner panel adds the spark and vibrancy

to the overall picture of the hotel. A huge vase of pretty

flowers welcomes you at the entrance with a sparkling


The all-new Country Inn Saket New Delhi hotel is located in the city’s stylish shopping and entertainment centre, DLF South Court, Saket

chandelier enlightening the ceiling. It is very compact and

cosy place yet they have done their best to accommodate

everything very magnificently. The deep colours of the

carpets enhance the serenity of the light coloured walls

and the ceiling. Opposite to the reception, you have

the waiting area which is very intelligently divided and

decorated with grey and mahroon coloured sofas and

chairs. The colour of the dark wood hinting between these

two beautiful colours gives a sophisticated look to the over

all area. The round lights gleaming on the ceiling very well

lights the whole area.

ACCOMODATION

The rooms in the hotel are equally spacious and relaxing,

the hotel has a stress free design for the comfort of the

guests. The hotel boasts of 57 well equipped rooms

categorized into superior and deluxe rooms. The rooms

are categorized on the basis of different services and

space provided in the particular rooms. Talking about

the superior rooms, have a comfortable bed along with a

desk and chair to work on. The room and the bathroom

attached with the room are equipped with modern

facilities. Whereas the deluxe rooms are more spacious

and available with add on facilities and comfortable stay

for your luxurious experience.

Dine and Wine

There is an array of dinning options available at Country

Inn by Carlson, Saket, New Delhi which serve global

cuisines and amazingly refreshing drinks. One of these is

the Big Shot Lounge which is at the lobby and is a trendy

and compact bar. This is a perfect place for a casual

meeting with your friends or even your associates.

Mosaic is an all day dinning restaurant which can

accommodate around 51 guests at ease. The interiors of

this restaurant are done up mainly in wood, also, light

shades are used on the chairs to keep a sync. Long

grasses are planted within the restaurant to give refreshing

feel to the guests.

Leisure and Business

When you are out for vacation or business, you still need

to stay connected with people back at home or at your

office. For this, the spacious hotel has a peaceful business

centre, where you can be a part of your conference calls

in your own cubicle with your computer and you feeling

like in your own cabin. Along with this, you can also be

regular on your fitness regime with the fitness centre,

which has all the modern machines and an instructor to

guide you. The Country Inn by Carlson, Saket, New Delhi

offers flexible space where public events and parties can

be very well organized. It is a perfect place for business

meetings and social gatherings of any size. The Terrace

Garden can have room for about 100 guests, while the

roomy Board Room can accommodate 35 people for

more personal events.

PROPERTY & WEALTH VOL 2, ISSUE 04, DECEMBER 2012 55

The hotel has 57 rooms well appointed with the best amenities A view of the elegant lobby

56

softcorner

In 2009, America’s premier financial magazine Barrons named Sunil Mittal one of the top 25 philanthropists in the world and in 2010, he was felicitated with Philanthropist of the Year Award at the Asian Awards. The founder, chairman and Group CEO of Bharti Enterprises, India’s largest GSM-based mobile phone service and world’s fifth largest wireless company has put his wealth to work through Bharti Foundation and its focus is on education. Set up in 2000, the philanthropic arm of the Bharti Group launched Satya Bharti School Program that aims to reach out to more than 2,00,000 children through 500 Primary and 50 Senior Secondary schools across the country. Currently 242 Satya Bharti Primary Schools and 5 Senior Secondary Schools are currently operational, reaching out to approximately 30,000 children and recruiting over 1200 teachers across the states of Punjab, Rajasthan, Haryana, Uttar Pradesh and Tamil Nadu.

Sunil MittalAge 55 yrs


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