Property & Wealth March 2012

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03PROPERTY & WEALTH VOL 1, FEB - MARCH 2012, ISSUE 4

08

11BRICKS

The flow of talent from Indian shores is no longer one-way; it has in fact become circular. Concurrently, recent global economic factors have sparked a renewed interest in NRIs to explore investment opportunities in India including real estate.

Chandigarh Capital Region Delhi NCR

Punjab / Haryana Himachal

REAL ESTATE PROJECTS

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 M/s Savitaar Press,

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CONTRIBUTORS AND

ASSOCIATES

contentsMarch 2012 COVER STORY

19SAND REAL ESTATE & INFRASTRUCTURE NEWS

2021

regional

national

International 22

ADVANTAGE INDIA global economic gloom stirs NRI interest

in Indian Real Estate

PROPERTY & WEALTH VOL 1, FEB - MARCH 2012, ISSUE 404

India is the new land of opportunity for Non

Resident Indians. Given the present global

economic scenario, the Indian real estate industry

is going all out to woo NRI investors. Compelling

factors like a falling rupee and a fast developing

market in India, pave the way for an upsurge in

demand for both commercial as well as residential

property.

The Sand Section now bears a trendier new look.

I guess it was a bit dif� cult for our readers to read

from pages with zero images to see!

Just how different can an of� ce look like? The

seven-storey corporate headquarters of the

Longaberger Basket Company is, in fact, world’s

largest basket. Son of a gold trader and money

changer, Lee Shau Kee is today a name to reckon

with in China. Check out China’s � rst Real Estate

Champion to feature in our monthly series.

Buy a House Before You Marry. As expected,

the Cover Story for the month of Feb 2012 found

favour with most of our readers. As declared earlier,

we want to proclaim this simple, yet important

message to as many readers as possible for the

rest of this year. We’ll thus be brie� y addressing

this theme as an add-on to our regular monthly

feature on home loans.

about this issue

Pankaj SharmaEditor

4038

3230

36realty coachReverse Mortgage Loan for Senior Citizens

� ipsideFAIRPRO 2012

in your good booksThe Millionaire Maker by Loral Langemeier

soft cornerHim Urja CSR

know your home loansPay Back On Loan Amount

25CEMENT

PROFESSIONAL KNOWLEDGE & MOTIVATION

23eye-catchers

Justin Bieber Buys $10.8 Million Home for 18th Birthday

Bipasha Basu endorses Provence Estate

real estate championLee Shau Kee, the second wealthiest man in Asia

architectural marvels The Basket Building

26

28


editorial

The Indian diaspora is the second largest in the world, next

only to China’s. An estimated 25 million NRIs are living in 130

countries across the world. NRIs have always been an important

market segment to tap for India’s real estate industry. India’s

resilience in the face of a dramatically changing global economic

scenario post 2008-2009 � nancial crisis has drawn the attention

of the world at large and its expatriates in particular. More and

more NRIs have headed back to home country. Chennai, for

example, has recorded peak sales � gures coming in from NRIs

based in countries like Malaysia, Singapore and the Middle East.

Bangalore’s ratio of NRI to domestic investment is said to be

60:40. Owing to large scale industrialisation and relaxation of

policies, Himachal Pradesh is no longer an unknown destination

for investors, both domestic and overseas.

An annual event since 2003, the Pravasi Bhartiya Divas is

celebrated in India on 9 January each year to mark the contribution

of the overseas Indian community to the development of India.

The day commemorates the arrival of Mahatma Gandhi in India

from South Africa. Over 1,900 delegates from 60 countries

participated in the 10th Pravasi Bhartiya Divas held this year

at Birla Auditorium, Jaipur. Speaking at the occasion, Finance

Minister Pranab Mukherjee cited example of China and said India

too needs to fully tap the investment potential of NRIs and their

entrepreneurial skills and promote inclusive growth. He rightly

pointed out that India does not require just � nancial contributions

from its diapora, but dedication of time, ideas and endeavour.

Home Ground

Jasmeet Dhamija Editor-in-Chief

[email protected]

A PG in Mass Communication, Jasmeet is heading

one of the most reputed publishing units in

Chandigarh for the past 12 years. He’ s worked for

a leading national daily in the past followed by a

successful stint with a leading national publication

as Chief Editor. The journalism bug never left him

and his keen interest in property business resulted

in the formation of this magazine.

goes interactive www.facebook.com/propertyandwealth


It was an accepted fact in the past that the brightest

Indians would go overseas to study and eventually

settle. Recent conditions, however, show a turning tide

for many among them, who’re now tempted to seek new

opportunities in India’s dynamic market. The � ow of talent

from Indian shores is no longer one-way; it has in fact

become circular. Concurrently, recent global economic

factors have sparked a renewed interest in NRIs to explore

investment opportunities in India including real estate.

Whether they choose to head back to India in their search

for suitable employment or seek out second homes for

the sake of investment, an increasing number of Non

Resident Indians (NRIs) are now tracking the Indian Real

Estate market.

Rupee Falls

The alarming fall in

the rupee in the year

2011 wasn’t any

fundamental shift on

the domestic front, but

largely on account of

the ongoing Eurozone

Crisis, a phenomenon

which rattled global

markets and unnerved

investors across the globe. The rupee showed rapid

depreciation by approximately 18% in the period starting

Dec 16 2010 till Dec 15 2011. Not the best news for

domestic markets, the slide in the rupee bode well for

exporters as well as NRI investors. The weakening rupee

on conversion made India an attractive destination to

park surplus funds. According to the World Bank, an

estimated 30 million NRIs worldwide sent nearly $4.58

billion in remittances back home in the year 2011.

Options Available

As compared to the Indian Real Estate market, the

prevailing situation in other parts of the world doesn’t

seem too encouraging. Rami� cations of the bursting

US housing bubble, way back in 2005-06 are still being

felt. The economies in Europe and the Middle East show

volatile trends, making investment in these regions a risky

Cover Story

ADVANTAGE INDIA global economic gloom stirs NRI interest

in Indian Real Estate


PM Manmohan Singh formally inaugurated the prestigious annual event

affair. The declining rupee has also rendered investment

in Indian real estate more attractive.

There may still be certain shortcomings in the way

the real estate business is done in India but it doesn’t

subtract from the fact that excellent opportunities of

investment are indeed available. Residential apartments

with comprehensive amenities and safety features for a

comfortable living on the one hand and opulent homes,

replete with absolute luxury on the other. While an IT

professional who returns to native Bangalore or Hyderabad

could consider the former option; the latter type might

appeal to well-established NRIs who’re looking for property

that can be used as a second home investment. In fact,

many domestic realtors are now focussing their attention

on creating prime property in exotic locations to cater to

the second home segment.

Bank Support

Several banks in the country have now made it easier for

NRIs to buy property. Interested NRIs can avail home

loans for purchase of residential property, self-construction

on a plot and also for renovation/improvement of existing

residential property in India. Like resident Indians, they

can avail up to 80-85% of the cost of residential property

as a home loan. As per existing rules, the down payment

should be directly remitted from abroad through normal

banking channels or from non-resident external (NRE)

account and/or non-resident (ordinary) (NRO) account

in India. EMI payments too should be remitted through

any of these accounts. The income taken into account

for calculating the home loan eligibility is the repatriable

09

The 10th Pravasi Bharatiya Divas-2012 culminated with the valedictory session presided by President Pratibha Patil in a jam-packed Birla Auditorium in Jaipur on 09 Jan 2012


income plus any income they may have in India. In case

of NRIs working in countries that restrict repatriation

such as African countries, only the repatriable portion of

their income is considered for calculating loan eligibility.

Normally, loan tenure for NRIs is 10-15 years. Along

with the standard documents required for a home loan,

NRIs need to furnish some additional documents such as

appointment letter and contract, labour card (if employed

in the Middle East), salary certi� cate, bank statements

and income tax returns � led in the country of residence.

Sundry Guidelines for NRIs

• There are no restrictions on number of commercial

or residential properties that NRIs can own in India.

There are, however, restrictions on the repatriation of

sale proceeds, which is limited to two units. In other

words, while NRIs face no restriction when investing in

commercial or residential real estate in India, repatriation

of sale proceeds can only be done for two units.

• For investment in real estate, NRIs can remit funds to

India through normal banking channels, or by investing

in funds in NRE/FCNR/NRO accounts maintained

in India. They are not allowed to make payment via

travellers’ cheque or foreign currency notes. They’re also

restricted from making any payments outside India or

settling payments through exchange of funds outside the

country.

• NRIs are permitted to take a home loan from an Indian

institution approved by the National Housing Board

(NHB). Loan repayment can be done either through

inward remittances, debit to a NRE/FCNR/NRO account,

via rental income earned in India or by borrowing from

close relatives residing in India.

• NRIs can mortgage residential property in India with

an Indian � nancial institution without any approval from

RBI but in order to mortgage it with a foreign � nancial

institution, prior approval from the central bank is

required.

• NRIs are not required to seek prior approval of RBI to

lase their residential property in India. The rent received

thereof can be credited to NRO/NRE account or remitted

abroad, subject to the ful� lment of tax obligations.

Procedural Improvement

Speaking to NRIs in a parallel state session at the Pravasi

Bharatiya Divas 2012 in Jaipur in January this year,

Minister for Industries and NRI Affairs Sh. Rajendra

Pareek assured NRIs that the state government is leaving

no stone unturned to live up to their expectations. He

spoke about the recently initiated single window clearance

facility for investors and the public services guarantee

scheme, policies which were initiated in this direction. The

single window schemes made it mandatory for clearances

to be made within a stipulated timeframe and also invites

� nancial penalty if not followed.

Global Marketing

Various property shows are now held regularly in many

countries across the globe including US, UK and in

West Asia due to the concentration of a large number of

expatriates in particular areas in those countries. Realtors

have even gone a step further and set shop in some

countries to interact directly with overseas Indians and

extend effective after sales services. Also, housing � nance

companies and banks with their representative of� ces in

various countries offer home loans to NRI investors.

A number of property management companies including

MNCs have gradually come up in major cities and offer

professional property management services. This is a boon

to NRIs and PIOs investing in India while living in other

countries. NRIs that purchase real estate in India require

services for managing the property such as managing

lease, paying property and other taxes, managing society

dues and so on. As of now, NRIs have largely depended

on parents or relatives living in India.

10

Cover Story


BRICKS = REAL ESTATE PROJECTSThe fi rst requirement of building a wall is to get bricks and the fi rst requirement of dealing in property is to know about the Real Estate

projects undertaken by various developers across the country.

Location: Township Derra Bassi, 12 kms from Chandigarh.Highlights: 300 acre integrated township Club with swimming pool, squash court,indoor sports, basket ball. Spacious Apartments with abundant parkingOptions: 3BHK, 4BHK, Penhouse.Villas, Plots

ATS Golf Meadows

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 66, MohaliHighlights: Mixed Use Residential, Of� ce, mall & 5 star Hotel SiteOptions: 2BHK, 3BHK Residential Apartments,Of� ce Space, Mall Space

Bestech Square

BudgetPlanner

BudgetPlanner

in lakh

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

CHANDIGARH CAPITAL REGION

Location: Sector 116, Greater Mohali Kharar - Landran Road.Highlights: IT & Institutional set ups nearby. Golf Course &Ansal Plaza coming up in vicinity.Options: Independent Floors, Plots, SCO’s, Booths.

Ansal API Golf Links - II

BudgetPlanner

BudgetPlanner

in lakh

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

12

Location: Gazipur, near proposed Golf Course, ZirakpurHighlights: Keyless biometric entry, every � at is corner & facingpark, hi-tech securityOptions: 3BHK only

Aero Homes

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sohana-Landran Road, Sector 90, MohaliHighlights: IT/ITES of� ce spaces, roof top garden, 100% power backup, 24X7 hi tech secutiry. Options: Fully furnished of� ce spaces starting 355 sq ft.

Accord Corporate Square

BudgetPlanner

BudgetPlanner

in lakh

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

Location: DLF New Chandigarh, Mullanpur, Punjab Highlights: Punjab’s First Eco Town, Foothill of Shiwaliks, Club House, 11 acres of greens 100, 120 feet wide approach roads. Options: 350 & 500 sq yds plots. Launching soon Independent Floors on 350 & 500 sq yd plots.

DLF Hyde Park Estate

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.

Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space Sales Organisers/Dealers: Call 9216841278 to Adveriste in this space




Location: Sector 112 Mohali Banur Highway, adjoining Chandigarh group of collegesHighlights: 50% green area. Shopping mall, site for 5 star hotelOptions: Booths, SCOs, residential plots 200, 250, 400 & 500 sq yards

RKM City

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Pinjore Kalka Urban Complex, Sector 3Highlights: Panoramic view of the hills, site is situated on a plateau y the river side.Options: Luxury � oors (1375 & 1575 sq ft ) with add on features & plots 400 sq yds onwards

DLF Valley Panchkula

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Pinjore Kalka Urban Complex, next to DLF Valley & Amravati EnclaveHighlights: Surrounded by river & dam site on one end, mountains on the other end. 200 acre township with huge club houseOptions: Plots & Villas, 250,370,500,1000 sq yds.

IREO Five River

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 90, MohaliHighlights: World Class Building designed by Hafeez ContractorIn close proximity to Phase VIII B, an upcoming IT destination with several MNCsOptions: 3BHK and 4BHK

Multitech Tower 2

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 98 and 99 MohaliHighlights: Ireo Hamlet is 32 acre gated township with club of its own.Options: Plots 250, 350 sq yards, Villas and low rise, mid rise 1BHK, 2BHK, 3BHK apartments.

IREO Rise & Hamlet

BudgetPlanner

BudgetPlanner

in lakh

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


13

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

Ojas Grand, Zirakpur

BudgetPlanner

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in lakh

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






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

Location: Gazipur, Zirakpur, Near ChandigarhHighlights: Premium 3 BHK & 4 BHK Duplex apartments near upcoming Golf CourseOptions: 3BHK & 4 BHK Duplex aprartments.

Sushma Crescent

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 85, MohaliHighlights: Spread over 300 acres, Wave Estate has already completed all basic infrastructure needs. Greens & landscapes are well planned.Options: Plots, Villas, charming � oors and plush condominiums

Wave Estate

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Chandigarh-Ambala HighwayHighlights: Designed by R204DESIGN, leading US architecture � rm Professional Cricket Practive Pitches, Golf Putting, Designer Swimming poolOptions: 3BHK � ats 1885 sq ft.

Sushma Chandigarh Grande

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 97, 106, 107 MohaliHighlights: 300 acres integrated townshopOptions: Plots 360 to 500 sy yards Gardens Apartments 2BHK, 3BHK, Independent Floors

Unitech Uniworld City

BudgetPlanner

BudgetPlanner

in lakh

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


14

Location: Sector 115, Greater Mohali Highlights: Experience ‘Urban Living at its Best’ with planned infrastructure and world class amenities- all catering to the contemporary lifestyle. Options: Studio Apartments, 2bhk, 3bhk, 3bhk Penhouse

WWICS Imperial Heights

BudgetPlanner

BudgetPlanner

in lakh

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






Location: Sector 86, just 700 mtrs from Delhi Gurgaon ExpresswayHighlights: Possession to be offered in 3 yrs from bookingSecured gated community Adjoining the DLF project IFFCO Chowk - 15 minutes driveOptions: 2BHK, 3BHK, 1350 - 1890 Sqft

Ansal Heights 2

BudgetPlanner

BudgetPlanner

in lakh

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

Location:NH-8, Sector 83, GurgaonHighlights: Modern gated 22 acres development , 8 Acres Central Landscaped Greens and Park, Near to ISBTOptions: 1,720 Sq.Ft. to 3,750 Sq.Ft. , 3BHK, 5 BHK Ground Floor, Duplex and Penthouse

Emaar MGF Palm Gardens

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 110, GurgaonHighlights: Full feature clubhouse, Themed Landscapes, high-Response Security systems, World-Class � tness and Sports facilities, Green Architecture, Options: 3400, 3900 sq feet, 4BHK, 5BHK

India Bulls Enigma

BudgetPlanner

BudgetPlanner

in lakh

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

DELHI NCR

15

Location: Jaypee Sports City, Greater NoidaHighlights: Tropical architecture, Yoga, aerobics, spa and massage rooms, India’s 1st Formula One Racing Track Options: 1, 2, 3, 4 BHK personal suites

Jaypee Greens Kassia

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Noida-Greater Noida ExpresswayHighlights: Foodball � eld, cricket � eld, cycling track, tennis& basket ball courts, Unique Y shaped apartments.Options: 2, 3, 4 BHK Apartments

Jaypee Greens, Garden Isles Towers

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 67, GurgaonHighlights: Singapore theme Luxury Residence Compact & Well ventilated Units Modern and Youthful productOptions: Area 1800 Sq.Ft. to 5500 Sq.FT.3BHK, 4BHK, Penthouse.

M3M Merlin

BudgetPlanner

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in lakh

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






DELHI NCR

16

Location: Sector 137 NoidaHighlights: On Noida – G.Noida Expressway, South Delhi is 15 min. away thru DND � yoverSector - 18 Noida, Market is 10 minutes away, Amity University, Lotus Public School are in close vicinity.Options: 2BHK, 3BHK

Paras Tierea

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 93, GurgaonHighlights:80% GreeneryMeditation court, nature park3 side open apartmentAmphitheater & GymnasiumOptions: 2 / 3 & 4 BHK Residential Apartments 1297 to 2532 sq.ft.

Spaze Privvy

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector – 37 D, Ramprastha City, GurgaonHighlights: A township spread over 450 acres, 0 km from Dwarka Expressway & Metro Station, 15 min. drive from IGI Airport. Options: Premium Condominiums 1725, 1750 and 2025 sq feet 3 BHK

Ramaprastha City

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Sector 82, GurgaonHighlights: Strategically located, In close proximity to proposed metro stationOptions: 2/3/3+1/4 BHK

Universal Aura

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Raj Nagar Extension, GhaziabadHighlights: Executive Luxury Flats, Private garden space and open terrace, Earthquake resistantOptions: 1/2/3 BHK 615 – 1350 sq.ft

SCC Heights

BudgetPlanner

BudgetPlanner

in lakh

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

Location: NH-8, DharuheraHighlights:Latest architectural standards & Vastu norms, just a few minutes away from shopping malls, hospitals, schools and other public utilities.Options: 1,2 & 3 BHK

Vipul Gardens

BudgetPlanner

BudgetPlanner

in lakh

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






PUNJAB / HARYANA

17

Location: Nakodar Road, JalandharHighlights: Jalandhar’s First integrated township, a new world of integrated living in an exquisite residential township spanning over 80 acres.Options: Villas, � oors and

residential plots 200 to 350 sq. yds

Eldeco Greens

BudgetPlanner

BudgetPlanner

eward yourself with an improved lifestyle.R

in lakh

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

Location: Nakodar Chowk, JalandharHighlights: Total Built-Up Area is 14864 sq mts approx with 3 � oors of retail and 3 � oors of of� ces.Options: Retail outlets, commercial of� ce space, food court, cafe’s.

DLF Galleria

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Turning off the NH 95 near the Ludhiana-Ferozepur Road, a short drive along Sidhwan CanalHighlights: 500 acres with glittering lake at its centre, beautiful layouts, green environsOptions: 3-5 BR villas and apartments from 3000-8000 sq ft

Ireo Water Front

BudgetPlanner

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in lakh

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

Location: GT Road NH 1 Opposite Mac DonaldHighlights: 5 impressive residential towers going up to 12 � oors with excellent space management, ergonomic interiors and delightful amenitiesOptions: luxurious 3 BHK,4 BHK duplex, 4 BHK with utility

DLF Park Place Jalandhar

BudgetPlanner

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in lakh

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

Location: Sectors 28 & 29 HUDA on National Highway1, KarnalHighlights: Spread across more than 300 acres, Karnal’s � rst truly world-class developmentOptions: Residential & Commercial

Alpha International City

BudgetPlanner

BudgetPlanner

in lakh

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

Location: Unitech Unihomes Sector 16 AmbalaHighlights: UNIHOMES is well connected to rest of the city and Haryana with Narnaul and Jhajjar highways running closeOptions: 2 BHK & 3 BHK lowrise affordable � ats.

Uni Homes Ambala

BudgetPlanner

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in lakh

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






HIMACHAL

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

18






SAND = REAL ESTATE & INFRASTRUCTURE NEWSAfter bricks, the next building material which comes to mind is sand, which we’ve

equated with current news related to Real Estate and Infrastructure.

20

regional news

With construction in full swing at the

site for more than 1800 residential

units in various sizes, DLF is now

offering a premium product – luxury

� oors, with scaled up facilities The

premium variant will have additional

features like modular kitchen,

wardrobes, built up on their low rise

format.

Uniworld City in Ambala is a secured

gated township and its latest offering

Ananda, is a plotted development,

ranging from 360 to 1000 sq yards.

The project Uniworld City , spread

over more than 60 acres, is located

strategically on National Highway

No.1 and off National Highway No.

22 (Delhi-Chandigarh Highway),

making it well-connected to the major

cities in Punjab and Haryana.

DLF , the country’s largest realty � rm,

has sold 350 � ats worth about Rs

500 crore in a luxury housing project

at Gurgaon. The housing project ‘The

Primus’, which is part of a 450 acre

integrated township – DLF Garden

City, was launched and sold on the

same day, 22 Jan 2012.

Good news for those seeking licence

for running commercial units in

Gurgaon and other municipal areas

across the state. The Haryana

government has decided to reduce

the charges for granting permission

to commercial establishments by � ve

times.

The plush 3BHK, 4BHK, garden

apartments and penthouses of

Sushma Chandigarh Grande on NH

22, Zirakpur are conceptualized and

designed by R204DESIGN USA.

The Haryana Urban Development

Authority (HUDA) has asked the

executive engineers to give in writing

by March 13 that they shall be

held responsible in case the roads

supervised under them are damaged

in future. The step is being viewed

as an attempt to � lter out corrupt

Property & Investment FairVenue: Shahenshah Palace Date: 14, 15 Apr 2012

Real Estate Expo Realty World 2012 Venue: Himachal Bhavan Date: 21, 22 Apr 2012

Chief Minister Prem Kumar Dhumal

has said that his government will

cancel allotment of land by the

previous Congress government

to Tibetan refugees if an ongoing

probe found “any irregularity” was

committed.

For the � rst time ever, the Greater

Mohali Area Development Authority

(GMADA) will hold an all-India

competition of architects and the

winner will be awarded with a

contract to design 225 premium

apartments that will come up on 7.5

acres adjacent to the Golf.

DLF Valley Uniworld City

The Primus

Commercial Units

Sushma Grande

Executive Engineers

forthcoming events

Tibetan refugees

Contest

Panchkula Ambala

Gurgaon

Gurgaon

Zirakpur

Gurgaon

Shimla

Mohali

elements involved in the contractor-

of� cial nexus.

Chandigarh Ludhiana


national news

21

Sahara Group is in the process of

bringing back 250 million pounds

from the UK for investment in Amby

Valley, Mumbai. The handsome

amount was raised by pledging

Grosvenor House, a hotel in London’s

Mayfair district that Sahara acquired

in 2010.

With the deal size of worth Rs 440

crore, M3M has bought 28 acres

of land in Gurgaon from the DLF

group. The land is strategically

located in Sector 70 A on Golf Course

(Extn.)-Southern Peripheral Road

(SPR), overlooking the Aravalis and

connecting the SPR to NH-8.

After Chennai & Jaipur, Mahindra

Lifespace Developers Ltd., the

real estate and infrastructure

development arm of the $14.4 billion

Mahindra Group; is coming up

with an extensive community living

project in Nagpur called ‘Bloomdale’

on the lines of Mahindra World City

concept.

The highways ministry is considering

to link the development of capital

intensive expressway projects with

real estate development in their

vicinity. The ministry has mooted

the proposal to allow residential and

commercial complexes to come up

close to the expressway alignment

and the � rst such model could be

tried on the Delhi-Jaipur stretch.

What can be seen as a trendsetting

practice, newly married couples &

single working professionals from

the IT sector purchase one bedroom

apartments and dispose of them

when they leave the city.The Commonwealth Games Village

The Realty Plus Real Estate Excellence Awards Venue: The Metropolitan, Bangla Sahib RoadDate: 21 Mar 2012

Plot Developers Show Venue: The Lalit Ashok Date: 24, 25 Mar 2012

Nariman Point fell to the 15th place

from its previous eighth position as

the most expensive central business

district (CBD) in the world, according

to the annual report ‘Of� ce Space

Across the World 2012’ by Cushman

& Wake� eld.

As per CREDAI, almost 80% of

NRI investment in Bangalore is

from US and Middle East and ratio

of NRI to domestic investment is

60:40. Australia, New Zealand

and Singapore were also emerging

as lucrative markets for property

investments in the city.

Amby Valley DLF M3M Deal

Bloomdale

Expressway Projects

1 BHK Apartments

CWG Viillage

forthcoming events

Nariman Point

NRI Investment

Mumbai Gurgaon

Nagpur

New Delhi

Chennai

New Delhi

Mumbai

Bangalore

Bangalore New Delhi

� nds itself embroiled in yet another

controversy, with real estate � rm

Emaar MGF allegedly failing to pay

tax dues of Rs 314 crore to the Delhi

government. The � rm constructed

the highend apartment complex with

the Delhi Development Authority

(DDA).


22

international news

Overseas interest in the prime London

housing market continues unabated

with the new Spring Beauchamp

Estates market report showing that

Russian and Indian buyers dominate

the top end of the market.

Chicago-based Adrian Smith +

Gordon Gill Architecture announced

the design of the new $1.2 billion

Kingdom Tower, to be the world’s

tallest building, in Jeddah, Saudi

Arabia, near the Red Sea. The

tower’s height will be at least 173

meters (568 feet) taller than the

world’s current tallest building,

Dubai’s 828-meter-tall Burj Khalifa.

Esprit, the clothing retailer that saw

global pro� ts plunge 98 percent in

last � scal year, is set to shut three of

its Hong Kong’s stores in the city’s

most sought-after shopping spaces

this year.

President Obama has recently

unveiled a new mortgage relief plan

for an estimated 3.5 million struggling

Americans who owe more on their

homes than the properties are worth

- and therefore, can’t get new loans.

The European regulatory action and

the renewed con� dence in the U.S.

debt market are providing a golden

niche for lenders such as Bank of

China. The bank has increased its

loans outstanding on U.S. properties

� ve-fold since 2008.

Spanish PM Mariano Rajoy is on a

clean up mission to try to put his

country’s mortgage market back

India Property Fair Venue: Hilton Wembley Plaza Date: 7, 8 Apr 2012

Property & Hospitality Summit 2012 Venue: JW Marriot Hotel Date: 26, 27 Apr 2012

The Catholic Church could be hit with

a hefty bill after the Italian government

announced plans this week to end

a tax exemption on Church-owned

commercial properties, as it wrestles

with its sovereign debt problems.

Housing Market Kingdom Tower

Esprit

Mortgage Relief Plan

Loans

Topic

forthcoming events

Pontiff

The Government of Dubai, through

the Dubai Financial Support Fund

(“DFSF”), will commit to providing

approximately $8 billion of new money

directly to Nakheel, one of Dubai’s

leading property developers to fund

operations and settle liabilities.

Govt Support

London Jeddah

Hong Kong

New York

New York

Spain

Dubai

Italy

on track. Whilst Spain didn’t have

of� cial subprime mortgages in the

same manner as the US, it has fallen

victim to unrealistic mortgages being

handed out by greedy banks with

the help of unscrupulous mortgage

advisers, real estate agents, lawyers,

surveyors, valuers and accountants.

Kuala Lumpur London


Justin Bieber Buys $10.8 Million Home for 18th Birthday

Bipasha Basu endorses Provence Estate

eye-catchers

Ranked number two by Forbes on the list of Best-Paid

Celebrities under 30, teen singing sensation Justin Bieber

purchased a $10 million-plus Hollywood Hills modern

mansion in L.A for his 18th birthday. A relatively small sum

for the teen heartthrob whose reported earning was $53

million in 2011. Designed by architects Jeffrey and Rochelle

Mills of Mills Studio, the home is made up of glass and steel

boxes that appear to � oat above the home’s large pool and

patio. With a whopping 9,400-square-feet of living space,

the 5-bedroom home has plenty of room for the singer, his

girlfriend Selena Gomez as well as his entourage of security

and managers.

Real estate developer Krrish Group, Gurgaon, has recently

launched its � rst project - Provence Estate - with Bipasha

Basu endorsing it. These apartments are of an average

area of 5,800 sq ft, while a few penthouses are of 10,000

sq ft.


Chandigarh: 8146992437, 9815601347

Own a

Farm House

Own a

Farm House

BBarog change to Cottages & apartments

at Kaisville Kullu-Manali Road,

Hill farms at Dharampur-Sapatu Road,

Cottages at Barog

Barog change to Cottages & apartments

at Kaisville Kullu-Manali Road,

Hill farms at Dharampur-Sapatu Road,

Cottages at Barog

Farms Behind Chaman VatikaFarm House Land

Near Omaxe Heights,

Chandigarh Ambala Road

Ambala

Farms Behind Chaman VatikaFarm House Land

Near Omaxe Heights,

Chandigarh Ambala Road

Ambala

Mullanpur Baddi RoadExcellent place to

have your own

farmhouse

Mullanpur Baddi RoadExcellent place to

have your own

farmhouse

CEMENT = PROFESSIONAL KNOWLEDGE & MOTIVATIONCEMENT is known for its binding property and in this Section, we’ll be fortifying the information gained in previous Sections with some

Professional Knowledge & Motivation

Dr. Lee Shau Kee is the founder of Henderson Land

Development Company Ltd., a leading property

developer with businesses in Hong Kong and throughout

mainland China. He has been the Chairman and

Managing Director of the Company since 1976. Ranked

29 on the new 2012 Forbes Billionaires List with wealth

of $18 billion, Lee is also known as the second wealthiest

man in Asia.

Born on January 29, 1928 in Guangdong, China, Dr. Lee

Shau Kee settled in Hong Kong in his early years and has

since been actively engaged in property development and

other commercial businesses for over 40 years. When the

World War II was over, Lee was trying to set up a business

when he met a billionaire named Kwok Tak Seng with

whom he built Sun Hung Kai Properties Ltd.. Sun Hung

Kai Properties Limited is still one of the biggest property

Lee Shau KeeThe Second Wealthiest Man In Asia

Monthly Feature

CEMENT

real estate champions

26

In a joint venture with Sun Hung Kai and MTR Corporation, Henderson Land Development Co. Ltd. developed the International Finance Centre complex in Hong Kong


developers in Asia till date and

Lee is still its Vice Chairman

Independent Non-Executive

Director. Inspired by Sun Hung

Kai’s success, Lee established

his own real estate company

which he named Henderson

Land Development in the year

1976. Henderson has interests in

property development, investment,

construction, hotel operation,

� nance, infrastructure, and much

more. Among Henderson’s many

development projects, included

are the International Finance

Centre, the Grand Promenade

and 39 Conduit Road. In addition

to property business, Lee also

diversi� ed into gas business by

acquiring The Hong Kong and

China Gas Company Ltd., also

called TownGas. This gas company

serves 85% of Hong Kong’s

households and has a partnership

with drinking water and waste

disposal of China.

Lee Shau Kee is also an eager philanthropist. He established

the Lee Shau Kee Foundation and has donated over HK$20

million to the foundation. It is also recorded in Lee Shau

Kee biography that he established HKICC Lee Shau Kee

School of Creativity and is also currently one of its main

sponsors. His enthusiastic support has been instrumental

to many major educational and cultural development

projects both in Hong Kong and overseas. Dr. Lee is the

Chairman of Pei Hua Education Foundation Company

Limited, and the Honorary Councilor of Rehabilitation

International. The Chinese University of Hong Kong has

received a lot of support from Kee, starting in 1977, and

Lee was even on the Advisory Board of the MBA Program

and ultimately was awarded an honorary Doctoral degree

for Social Science. The splendid Lee Shau Kee Hall, which

is named in his honor, was made possible by his generous

gift to HKU and acts as a lasting tribute to his belief that

education is the best possible investment.

Lee Shau is famous in the Hong Kong business world

for advising investors correctly, and even shockingly

warning people not to invest in his own companies if he

feels they will lose out. Making it to the top 20 of the

Forbes’ billionaires list is no mean feat, and to be able to

do that on one’s own, without simply inheriting it is simply

amazing. Kee’s wealth is incredibly substantial, especially

considering his humble beginnings. Among many titles

this proli� c businessman has accumulated, he’s also

called nicknamed “Hong Kong’s Buffett” in reference

to US multi-billion-dollar investment guru Warren Buffett

- currently the second-richest man in the world with an

estimated net worth of around $47 billion USD.

27

God stopped manufacturing land a long time ago but He forgot to hang a board anywhere on total number of occupants allowed. Thus, while the human race has kept multiplying over the years, the total land allocated to them has always been limited and permanent. Some of the smartest people in the world have turned to Real Estate as a profession but not all of them have succeeded. And only those out of them with ‘something extra’ could eventually make it to the top.

Lee Shau Kee


Monthly Feature

CEMENT

28

The Basket BuildingThe Building of the Longaberger Company located

in Ohio, United States, might just be one of the

strangest of� ce buildings in the world. When Dave

Longaberger, Founder of The Longaberger Company,

wanted its Home Of� ce to be designed in the shape of a

giant basket to accommodate the entire corporate of� ces

of the company, many people tried to persuade him to

alter his plans. Nobody took Dave seriously. Bankers,

architects, construction companies and even Dave’s

own employees included. He persisted with his plans,

believing that by creating a replica of the real thing, the

unusual design would draw attention to the company

and also simultaneously help in building the brand. The

dream was achieved on December 17, 1997 when the

Home Of� ce that is designed to resemble a basket � nally

opened for business.

The seven-storey building was designed by Strange But

True. It looks like a huge market basket, cost $30 million

and took two years to complete. The building covers 25

acres, weighing 8,000-9,000 tons with a square footage

of 180,000. The two basket handles were settled to

the top of the building with copper and wooden rivets

weighing about 150 tons. In 1998, The Longaberger

Home Of� ce also received a Build Ohio Award for its

synthetic plaster system. The building is made of stucco

over a steel structure, which helps create the look of an

actual Longaberger Basket®. The Home Of� ce continues

to attract the attention of media from around the world.

The basket is a replica -- 160 times larger -- of Longaberger’s

Medium Market Basket. It’s 192 ft. long by 126 ft. wide

at the bottom, spreading to 208-ft. long by 142-ft. wide at

the roo� ine. It is a magni� cent sight -- especially at night

as the windows, supposedly the holes of the basket, light

up. While the exterior of the Home Of� ce is a marvel

in itself, the building’s interior is truly breathtaking. A

grand staircase, player piano and marble � oors are just

part of the beautiful décor of the building’s seven story

architectural marvels


atrium. Dave Longaberger will always be remembered

as the business visionary who not only tapped into the

demand for hand-woven party baskets, but also dreamed

up the idea of running his growing

organization from the world’s largest

replica of one.

The Longaberger Company

manufactures handcrafted maple

wood baskets and offers other

home and lifestyle products,

including pottery, wrought iron,

fabric accessories and specialty

foods. Started in Dresden, the

company is now headquartered in

Newark, Ohio. A family-owned and

operated business started by Dave

Longaberger, it is now owned by

daughters Tami Longaberger and

Rachel Longaberger. Although

Longaberger is a family-owned

business, there are approximately

45,000 independent home

consultants located throughout

the U.S. who sell Longaberger

products directly to customers, a

method of direct marketing similar

to Tupperware parties. Each basket

is signed and dated by the maker

and the company’s stamp is placed

on the bottom.

Originally, Dave Longaberger wanted

all of the Longaberger buildings to

be shaped like baskets, but only

the headquarters was completed

at the time of his death. After his

death, further basket-shaped buildings were vetoed by

his daughters.

29

As the world shrinks smaller and smaller, our aspirations of matching the physical environment of developed nations has only grown. Thanks to globalization, Indian entrepreneurs and industry professionals have also been exposed to the latest global trends and technological advancements in the � eld of construction.

The Basket Building in Ohio, US - looks like a huge market basket, cost $30 million and took two years to complete


30

Monthly Feature

CEMENT

know your home loans

The above calculation are with interest rate 10.5%

An example of how much you need to pay back on a loan amount taken for varying time periods

Interest Rate Table

BUY A HOUSE BEFORE YOU MARRY

f you borrow any amount of loan (Rs. 20 lacs in the example below) this is what you will return in percentage terms for

interest & principal in 10, 15 & 20 years.

Marriage is an accident you may not be able to avoid. If you happen to ask your married friends or well-wishers, they’ll tell

you how it is also going to be an expensive affair. Our purpose of adopting “Buy a House Before You Marry” as a theme

for this year is to draw the attention of our young readers to this mantra. Let’s assume somebody’s annual income is Rs

3,90,000/- (Rs 32,500/- p.m.) and he wants to own a house. If he borrows Rs 20 lacs for a period of 15 years, he’ll be

repaying the following amount as EMI:

Bank Name Interest Rate (%) EMI (Rs.)

ICICI Bank 10.25 21,799

HDFC 10.25 21,799

SBI - Home Loan 10.50 22,108

Axis Bank 10.25 21,799

Citibank India 11.75 23,683

We wish to share that banks would generally count 50% of your salary as disposable income. If you are not married, your

expenses are at a minimum and for your own calculation; you may roughly count your loan amount to be about 5 times of

your annual salary.

Disclaimer: Interest rates and EMI calculations are indicative only.

20 Years

15 Years 50%

10 Years 38%

58%

Loan Amt. Loan Tenure Total Repayment Principal Amount % Interest Amt. %

2000000

2000000

2000000

3238320

3979260

4792080

2000000

2000000

2000000

50%

62%

42%

1238320

1979260

2792080


Monthly Feature

CEMENT

What is reverse mortgage loan?

The scheme of reverse mortgage is for the bene� t of senior

citizens owning a house but having inadequate income to

meet their needs. A senior citizen can avail this loan, yet

live in the house and get good money every month.

What is eligibility for Reverse Mortgage Loan?

A homeowner who is above 60 years of age is eligible for

reverse mortgage loan. It allows him to turn the equity

in his home into one lump sum or periodic payments

mutually agreed by the borrower and the banker.

Married couples will be eligible as joint borrowers for

� nancial assistance. In such a case, the age criteria

for the couple would be at the discretion of the lending

institution, subject to at least one of them being above 60

years of age.

The property should be clear from encumbrances and

should have clear title of the borrower.

What is the amount of loan one can get on reverse

mortgage?

The amount of loan is based on several factors: borrower’s

age, value of the property, current interest rates and the

speci� c plan chosen. Generally speaking, the higher the

age, higher the value of the home, the more money is

available.

The valuation of the residential property is done at

periodic intervals and it shall be clearly speci� ed to the

borrowers upfront. The banks shall have the option to

revise the periodic / lump sum amount at such frequency

or intervals based on revaluation of property.

What is the tenure for a reverse mortgage loan?

The maximum period of the loan period is 15 years. The

residual life of the property should be at least 20 years.

Where the borrower lives longer than 15 years, periodic

payments will not be made by lender. However, the

borrower can continue to occupy.

Does Reverse Mortgage attract any income tax, capital

gains tax etc?

The lump sum amount or periodic payments received on

reverse mortgage loan will not attract income tax or capital

gains tax.

When is the loan amount repaid?

NO REPAYMENT is required as long as the borrower

lives, Borrower should pay all taxes relating to the house

and maintain the property as his primary residence. The

loan shall become due and payable only when the last

surviving borrower dies or would like to sell the home, or

permanently moves out.

Who actually repays the loan?

On death of the home owner, the legal heirs have the

choice of keeping or selling the house. If they decide to

sell the house, the proceeds of the sale would be used

to repay the mortgage, with the remainder going to the

heirs.

How do changing Interest rates affect a reverse mortgage

loan?

Reverse mortgage is a � xed interest discounted product

in reverse. It does not take into account the changes in

interest rates.

realty coach

32

ENJOY YOUR OLD AGE - REVERSE MORTGAGE LOAN FOR SENIOR CITIZENS

Investment in Property can be a tricky affair. There are various things which need to be looked into at the time of buying or selling a house. Matters related to taxation laws, procedure of registration or transfer of property. As the name suggests, Realty Coach is going to take up one or more key terms or issues every month to be explained to make matters simpler for you.


Jallandhur - 3BHK, 4 BHK, 4BHK DuplexJallandhur - 3BHK, 4 BHK, 4BHK Duplex

A world born out of your imagination.

at

437A, Industrial & Business Park, Phase-II, Chandigarh, (M) 8146992437, 9815601347, Email: Email: [email protected]

Authorised Sales Partner:

Plots & Independent Floors Available

Limited Plots available at Samavana, Kasauli

Plots 350 & 500 sq yards available at Hyde Park, DLF New Chandigarh.

34

Monthly Feature

CEMENT

“An apple a day keeps the doctor away” was probably

the � rst nutritional advice we’ve all heard from our

moms.

Its also an old adage which we’ve all heard as kids,

but the fruit does indeed offer serious health bene� ts.

According to Chinese Medicine: Apples strengthen

the heart, quench thirst, lubricate the lungs, decrease

mucous and increase body � uids.

Scientists and doctors have propounded the amazing

power that music has over our minds and bodies.

Scienti� c research is now backing up our intuition

and experience, showing that music really does kill

pain, reduce stress, better our brains and basically

change how we experience life.

Music MantraApple Power

the prosperity seekers


35

Internet giant Google’s Chromebook, the much-

celebrated mobile device tailor-made for Web browsing

and running on its Chrome Operating System, is

soon likely to be shipped in India. It is a new low

price computing device/netbook from Google, which

is designed for web and helps you to access online

services faster and easily.

Google ChromebookThe Law of Attraction simply states that

you attract into your life whatever you

think about.

...good health, a great mind & lots of money!


Chennai’s biggest property fair, which was organized

from 17th to 19th Feb, 2012 at the Chennai City

Centre by the Confederation of Real Estate Developers’

Associations of India (CREDAI), Tamil Nadu, concluded

with yet another landmark achievement this year.

‘FAIRPRO 2012’ in its 5th successive year saw business

of more than Rs. 200 Crores supplemented by online

enquiry to the tune of 3 lakhs. For the 5th successive year

‘FAIRPRO 2012’ recorded an online registration of 7000

and footfall 49000 prospective buyers.

With the introduction of the ‘Mission Transparency’ drive

lies in the strong foundation of the values of CREDAI that

promulgates stringent code conduct and regulations for

the members. Before being listed on the CREDAI banner

the members have to go through the rigors of vigilance

vetted by the legislative and regulatory experts of CREDAI.

To corroborate this initiative, CREDAI also establishes

a consumer redressal forum to speedily resolve their

grievances pertaining to real estate transactions.

Such stringent vigilance promotes prospective home

buyers to own their dream house without burden.

While transacting deals with the developers listed under

CREDAI, consumers are assured of transparent and

healthy business practices. ‘Mission Transparency’ is

extolled for being the landmark initiative in the history real

Monthly Feature

CEMENT

36

FAIRPRO 2012 accomplishes business worth Rs.200 Crores supplemented by a whopping online enquiry of 3 lakhs

� ipside

‘FAIRPRO 2012’ recorded an online registration of 7000 and footfall 49000 prospective buyers.


estate campaigns.

Pleased with the success of Fairpro 2012, Mr. T Chitty

Babu,President CREDAI Chennai shared, “Yet again,

Fairpro has produced results beyond our expectations.

We are extremely pleased and hope to bring in more

attractive schemes in the coming years of Fairpro to

help boost housing in the region and usher consumer

convenience in acquiring properties.”

Mr. Suresh Krishn, Convener, FAIRPRO organizing

committee also commented saying, “We have seen

FAIRPRO growing from strength to strength each year

and this is the � fth successful and triumphant year with

yet another set of honest promises and expectations.

Being backed by the distinguished trust and impeccable

credentials of CREDAI, the buyers will be able to � nd the

right choice for their need with 100% assurance and

peace of mind. We look forward to yet another sunshine

year”.

About FAIRPRO

FAIRPRO, CREDAI Tamilnadu � agship property exhibition

takes place every year in Chennai & Coimbatore. It is known

to be an excellent platform for accessibility and advantages

- the intrinsic nature of every FAIRPRO Exhibition.

FAIRPRO 2011 had received an amazing response with a

footfall count of 50,000 and a business transactions worth

a whopping 150 crore rupees. This year, with even more

to offer, the � gures are expected to double. Legal clarity,

assured quality, perfect deadlines, unbelievable prices,

extraordinary loan schemes, marketing with integrity and

exemplary service have always distinguished the members

of CREDAI and the FAIRPRO Exhibition. As it has now

become a much awaited event for every person wanting

to buy a home, expectations from the FAIRPRO Exhibition

each year run bigger and higher than before.

Builders. Entrepreneurs physically building the nation. The houses we live in and the of� ces where we go to work. They have a signi� cant role to play in mitigating one of India’s basic yet biggest challenges – shelter for its teeming millions. And to play this role well, they need to be heard.

37

Mr. D Jayakumar - Assembly Speaker, Tamil Nadu inaugurating the FAIRPRO 2012 in Chennai. Also seen in the picture are (From R to L), Mr. T Chitty Babu - President, CREDAI Chennai, Mr. N Nandakumar - Chairman Mission Transparency Branding CREDAI National, Mr. Suresh Krishn - Convener, FAIRPRO organizing committee


Monthly Feature

CEMENT

38

in your good books

We’re all living in a marketing driven, credit oriented society, and it is important for us to exercise � nancial prudence to stay out of trouble. There are many good books available on Financial Planning and we’ll be introducing our readers to one such book every month.

One of today’s most visible and innovative experts, Loral

Langemeier continues to expand her horizons, even

through the challenging obstacles of today’s economy.

A New York Times, USA Today and Amazon bestselling

author and a leading entrepreneurial speaker, Langemeier

has coached thousands of success stories around the

world by giving them the simple tools to generate cash

and build wealth.

Loral Langemeier’s “The Millionaire Maker: Act, Think,

and Make Money the Way the Wealthy Do” contains

some good information that can be applied toward the

reader’s � nancial freedom plan. It is a motivating book,

and Langemeier does provide some very good advice for

wealth planning.

The initial chapters focus on what Langemeier calls the

wealth cycle and her building blocks of this wealth cycle.

These building blocks include: gap analysis, � nancial

baseline, freedom day, debt management, entities,

cash machine, wealth accounts, forecasting, assets,

leadership, teamwork, and conditioning. She illustrates

with examples of how to do a self-inventory, or gap analysis

of your starting position. Regardless if you use her eight

questions and formula or another, it is a very good idea

to take stock of your present situation in order to plan to

forge ahead toward prosperity.

The author writes about formation of business entities such

as corporations to move ahead in � nancial development.

The book does tell you some basics of how to go about

it but one would obviously need some legal consultation

for comprehensive understanding. Her chapter on

eliminating debt does have some good suggestions. A

special conditioning chapter which stands out is the one

which that lets readers know that money is not evil. It is

okay to want to make and to actually make more money for

yourself and those you care about. The � nal short chapter

on teaching your children about money, wealth creation

and � nancial literacy provides an appropriate ending.

Mastering the art of wealth building is about knowing

how to build wealth. As a hard working single mother,

Loral developed a process of transforming her income

into assets, and assets into income that in turn created

even more assets—something she calls the Wealth Cycle.

Using her program, you’ll learn how to build your own

continually growing cycle of wealth by

• Engaging in business ventures that generate passive

income

• Substantially decreasing your tax burden

• Forming trusts, corporations, and partnerships to

protect your assets and create a nonstop revenue

stream

The Millionaire Maker Act, Think, and Make Money the Way the Wealthy Do

Loral Langemeier


Monthly Feature

CEMENT

As corporate citizens, Him Urja Pvt. Ltd., New Delhi and its team have sought to share the bene� ts of the Company’s

progress with the members of its organisation and the local environment in which the company’s businesses are

conducted. The management considers it a privilege to improve the life of the people who come in contact with the Company.

It has adopted a holistic approach towards its project development, which includes a socio-economic development plan

for the local community. Activities regarding these are carried out on a regular basis and thus far the following initiatives

have been undertaken at the Company’s sites:

• Construction of roads and bridges

• Construction of irrigation canals

• Development of playgrounds for children

• Construction of community kitchens

• Free distribution of gas connections with stove to the women of the villages

• Scholarship to meritorious students from economically backward families. Him Urja has provided scholarships to

students in the recent years. Special attention is given to the under-privileged girl students.

Him Urja CSR

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soft cornerCorporate Social Responsibility (CSR) is represented by the contributions undertaken by companies to society all over the world. Not to be left behind, major corporates in India have included CSR programmes to their to-do lists. Property & Wealth dedicates this page to all such initiatives.


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ParticipantsParticipants

Open area for Pheras Dedicated bride’s room Spacious Pre-function areas Exotic cuisines, Theme decorations State of the art Meeting and Board Rooms

Banqueting area large enough to accommodate 600 guests comfortablyIdeal for Weddings, Hi Tea, Luncheons, Dinners, Exhibitions & Product Launches

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Property & Wealth March 2012

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