MCX - Branch Offices Details

Headquartered in Mumbai, MCX (Multi Commodity Exchange of India Ltd ) is a state-of-the-art electronic commodity futures exchange. The demutualised Exchange has permanent recognition from the Government of India to facilitate online trading, & clearing and settlement operations for commodity futures pan India.

Having started operations in November 2003, today, MCX holds a market share of above 80% (87.3% during the 9 months ended December 31, 2011 &  82.4% in  2010-11) of the Indian commodity futures market. 

The Exchange has more than 2,155 registered members operating through over 2,96,900 including CTCL trading terminals spread over 1,575 cities and towns pan  India. 

MCX was the 3rd largest commodity futures exchange in the world, in terms of the number of contracts traded in CY 2011

MCX offers above  40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, and a number of agri-commodities on its platform. The Exchange introduces standardised commodity futures contracts on its platform. 

These contracts in futures exchanges provide an anonymous trading environment for ideal price discovery. The Exchange is the world's largest exchange in Silver and Gold, second largest in Natural Gas and the third largest in Crude Oil with respect to the number of futures contracts traded.

MCX has been certified to 3 ISO standards including ISO 9001 : 2008 Quality Management System standard, ISO 14001 : 2004 Environmental Management System standard and ISO/IEC 27001 : 2005 Information Security Management System standard. 

The Exchange’s platform enables anonymous trades, leading to efficient price discovery. Moreover, for globally-traded commodities, MCX’s platform enables domestic participants to trade in Indian currency.

MCX - Branch Offices :       

Tamil Nadu

Mr. T G Senthilvelan - AVP State Head
Flat No: 1A&B, First Floor, Doshi Towers,
Periyar EVR Salai, Kilpauk, Chennai - 600 010.
Tel: 044 - 43950850 Fax: 044 - 43950899

Andhra Pradesh                       
Mr. Samba Siva Rao
201,Meridian Plaza, Beside Lalbangalaw,
Ameerpet, Hyderabad - 500016
Tel: 040-32506470  Mobile: 09642703933
Fax: 040-40075037                   

Gujarat
Ms. Komal Kanzaria - AVP State Head
Sakar - 1, Office No.401, Fourth Floor,
Nr.Gandhigram Railway Station
Opp Nehru Bridge, Ahmeddabad - 380 007
Tel: 079-32997967 Fax: 079-66619888
                       
Karnataka                   
 Mr. N. K. Muthappa - AVP State Head
Door No. 206, "Money Chambers"
No.6, K.H. Road, Bangalore - 560 027
Tel: 080-32510596 Fax: 080-41673707                

Kerala 
Mr. Anand Sheyon - Manager State Head
28/715-B, Thulasi, K.P. Vallon Road,
Kadavanthra, P O Kochi - 682 020
Tel: 0484-6576799 Fax: 0484-6576799
                       
Uttar Pradesh               
Mr. Sunil Dutt Mishra - Sr. Manager State Head
7/43 D-2, Tilak Nagar, 1st floor,
Adjoining St. Bank of India., Kanpur 208002
Tel: 9793010333 Telefax: 0522-3029284             

Madhya Pradesh
 Mr. Alok Thakkar - Sr. Manager State Head
403, Corporate House, A- Wing,
Near DAVV University,
R.N.T Marg, Indore-452003, M.P.
Tel: 0731-3206669 Fax : 0731-2534206
                       
New Delhi                    
Mr. Sanjay Gakhar - VP North Head
404/407 4th floor, Mercantile House,
KG Marg, Connaught Place, New Delhi – 01
Tel: 011-46734600 Fax: 011-46734615                

Punjab
501, LSE Building,
Feroze Gandhi Market
Ludhiana – 141 001. Tel: 0161-3206872
                       
Rajasthan                     
Mr. Anil Sharma - AVP State Head
Shekhawati Complex, Near Polo Victory,
212, Station Road, Jaipur - 302 006.
Tel: 0141-3111600 Fax : 0141-4011930               

                       
West Bengal                  
Mr. Vibhor Tandon - AVP State Head
BNCCI Building, 3rd Floor,
23 Sir R.N. Mukherjee Road,
Kolkata - 700 001, West Bengal
Tel : 033-22317253 / 54
Fax : 033-22317254

Emails

Customer Support  customersupport@mcxindia.com
           
Membership      membership@mcxindia.com
           
Compliance       compliance@mcxindia.com
           
Operations        trading@mcxindia.com
           
Margins             margin@mcxindia.com
           
Clearing & Settlement    cands@mcxindia.com, settlement@mcxindia.com
           
Delivery            delivery@mcxindia.com
           
Demat   demat@mcxindia.com
           
Technical Helpdesk        techdesk@mcxindia.com
           
Systems & Networking   systems@mcxindia.com
           
Corporate Communications  corpcomm@mcxindia.com
           
Business Development   busdev@mcxindia.com
           
Research & Planning      research@mcxindia.com
           
Grievance Division         grievance@mcxindia.com
           
Training             training@mcxindia.com
           
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Commercial Real Estate in Mumbai: Offers Big Opportunities to Invest

By Mr. Ramesh Nair MD , West, JLL India

The number of HNIs (high net worth investors) & and corporates seriously looking to invest into Indian office space has increased manifold in the past few years.
Mr. Ramesh Nair MD JLL India

Mumbai continues as India’s numero uno office space investment destination, with companies from all over the world unerringly zeroing in on the financial capital.

True Financial Hub..!

As South Asia’s only true financial hub, Mumbai is among India’s best places to invest in commercial real estate.

In times of global economic uncertainty (2008-09), investors flock to markets that have consistently proved their long-term stability and fundamentals.

In a scenario wherein institutional investors are showing reduced preference for commercial real estate in their portfolios, Mumbai continues to present HNI and corporate investors with myriad growth opportunities in office properties.

Low Risk and High Returns..!

However, the multitude of options also gives many enthusiastic investors heartburn - where on Mumbai's vast and complex map are the low risk / high returns locations?

Today, Mumbai as a city for commercial space investment reveals a high rate of vacancies in many locations. The rental yields in these micro-locations are expected to decrease marginally over the next one year. While this seems to present a depressing scenario on the surface, the fact is that we are now looking at the bottom of the curve.

In other words, these markets are expected to bottom out over the next 12 months and will consequently start to move up again. These locations have significant long term capital value appreciation potential, and well-informed investors are keeping a close eye on them.

Mumbai  Commercial property Classified:

    Central Business District :
The CBD (Central Business District) which includes the micromarkets of Nariman Point, Fort, Ballard Estate, Cuffe Parade and Churchgate
   

    Secondary Business District:
The SBD (Secondary Business District) which includes the micro-markets of Worli, Lower Parel, Prabhadevi, the Bandra Kurla Complex (BKC) and Kalina,
   
    Peripheral Business Districts:
The PBDs (Peripheral Business Districts) of Andheri – Jogeshwari, Malad – Goregaon, Powai – LBS Marg & Thane - Navi Mumbai. The commercial property investment opportunities vary according to the unique characteristics of each micro-market.

At first glance, some of these markets would seem to be places to avoid, given the high vacancies there. However, some of these areas bear closer scrutiny beyond the seemingly obvious.

Data trends of the past shows that rentals and capital values in almost all Mumbai micro-markets, except Lower Parel and Andheri, have either remained stable or gone up over the past 30 months.

Many corporates are today migrating from the traditional CBD to BKC and Lower Parel. Over the next two years, the rentals and capital values in Mumbai’s CBD are expected to come down, rendering them more buyer &  tenant-oriented for the first time in decades.

Meanwhile, the SBD district of Lower Parel is seeing significant demand, given the fact that the rentals and capital values there are less than half of those in the CBD and at the Bandra Kurla Complex. Over the next  one year, the rental and capital values in Lower Parel are expected to bottom out. Commercial properties here are an excellent investment proposition at the current pricing levels.

Meanwhile, BKC is emerging as Mumbai’s acknowledged ‘alternate CBD’, with many banks moving their headquarters there from their erstwhile CBD locations. Capital values &  rental values in BKC are expected to go up in the medium term, making commercial properties there a good buy.

The limited commercial space supply that BKC will have to address the strong demand over the next two years adds to its investment potential. The Bandra Kurla Complex is particularly interesting for HNIs from the diamond industry, given its proximity to the diamond bourse.

Office Space Investment Guidelines:

 Entrepreneurs who are considering buying commercial real estate for self use should ensure that the amenities in the project match their business needs

 Investors need to make sure that they study the quality of building, location, demand supply dynamics &  yield compression possibility
   
The best buildings in each micro-market will always command a premium
   
Check the developer credentials, potential for infrastructure development, access to public transport &  quality of property management

 Investors looking at income producing office assets should look at the break-up of cash flows, the vacancy factor, expenses such as maintenance, property tax and building insurance, lease term, lock-in period and expiry dates, long-term capital appreciation potential and refurbishment, refinancing and re-positioning potential.

About the author Mr. Ramesh Nair is  MD  (West, Jones) in Lang LaSalle India


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For Interior Designs : Target Interiors ,Chennai

Chennai based Target Interiors PTE LTD   are an upcoming team in the field of providing interior facility.
The Target Interiors team which consists of professionals from the field of Management, Carpentry, Painting, Air Condition, Electrical & Networking, etc.

Target Interiors is a private Limited concern which is oriented from TARGET DESIGNS established in the year 2009 by experienced professionals in the field of Turnkey Project Consultancy.

The main aim of Target Interiors is to provide world class turnkey interior designs / solutions to the clients. Their professionals expertise have of more than 15 years  in this area of world class designing.

Mission  : 
The first & foremost priority is to satisfy the customer’s  needs as It  strongly believe customer’s are assets to the company and Target Interiors firmly believes in the slogan of  Quality  and Customers First (best and superior quality to the customers).

Vision  :


Its vision is to provide world class services to all our elite customers who will be provided value addition. They shall also constantly upgrade our products /services based on  client’s requirements / needs / feedback. I

Target Interiors provide safety wear for its employees. It also offers Mediclaim policies, PF and other insurance policies for employee’s benefits.  

Eco Friendly   

Best practices followed by  Target Interiors to safeguard the environment for a better living.

Clients







 
 
 
http://targetinteriors.in/clients.html     

 TARGET INTERIORS PTE LTD
Office Address:
No.15/A, Cheran Street,
Ashok Nagar,
(Opp: Kasi Theatre),
Chennai-600 083.

24hrs hotline:
G.Ethiraj: +91-94444 09009
S.Kamalakannan: +91-94450 24411
   
Email Id's:
Director       directors@targetinteriors.in
Ethiraj          ethiraj@targetinteriors.in
Kamal           kamal@targetinteriors.in
Info              info@targetinteriors.in
Enquiry         enquiry@targetinteriors.in
Service         service@targetinteriors.in
Resume        resume@targetinteriors.in

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About 500 foreign pilots working in India

About  500 foreign pilots are currently working in various Indian aviation companies with Jet Airways topping the list of recruiters, the central government said recently.

These details were given by Civil Aviation Minister Mr. Ajit Singh in response to a question in Lok Sabha.

 Mr. Ajit Singh said. ''The government had allowed airlines to hire foreign aircrew to meet the shortage of pilots. Of the 497 pilots working with Indian companies, 183 work for Jet Airways, followed by Indigo Airlines 90. Spice Jet employs 88 expat pilots while Kingfisher employs 15 and Air India 14. Blue Dart and Alliance Air employ 7 foreign pilots each while 3 more are working for Go Airlines. 90 expat pilots work for other non-scheduled operators"

Mr.  Ajit Singh also said, "To cover the shortage of type rated commanders, FATA (Foreign Aircrew Temporary Authorisation) policy has been reviewed. FATA policy provides for extension up to 31st December 2013 on case to case basis."
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Chennai Realty Property Show 2012 : Today April 29, Last Day

About 80 builders/promoters/developers are part of the  three day Chennai Realty Property Show - 2012 that opened at Chennai Trade Centre, Nandambakkam on Friday (April1 27, 2012). Today April 29, Last Day.

Time :  10 AM to 8 PM
Place: Chennai Trade Centre, Nandambakkam, Chennai
The property expo organised by  Chennai Eyeball Media Pvt Ltd, property costing anything from Rs. 2.5 lakh to Rs. 2.5 crore are on offer.

From budget homes to luxury villas, a range of options are being marketed by developers/ builders/promoters/ are Inno Geo City, HIRCO, Vijay Shanthi, L&T Arun Excello, Puravankara, VGN, Real Value, Natwest, Alliance Group, VIP Housing, My VGP, SPRRG, RWD, VBHC, SJH, ETA Star, Marg Properties, Winner Foundations Pvt. Ltd, Vinoth Inn, Jemi Housung, Aishwaryam Property Devlopers, Time Green Foundations,

My Propetree, Madras City Properties.com, Urban Tree, SHriram Properties, Amarprakash, Admire Realty India, RAJPARIS,  Silver Line Builders, Sree venkateshwara Property Developers,  Xs Real, TVH, Mahindra Lifespaces, ABI, Jain Housing, Manju Foundations, Unitech, VASAVI Housing, A.K, Properties Promoters, Rajarathnam Construction (P) Ltd, CeleBrity Corporate Club, Atlas Foundations, PADMAVATHY Realty & Promoters Pvt Ltd, Rience Groups, MCB Aassetz,

Legal queries, taxation and information on vaasthu homes would also be clarified.

Financial institutions such as Indian Bank, SBI, HDFC, Axis Bank, Union Bank of India, central Bank of India, ICICI Bank,  Dewan Housnig Finance, SBI, SBI Life are participating.

The Hindu is the media partner for the property show and Knowledge Partner is Chennai Realty.biz

Eyeball Media Pvt Ltd,  Corporate office : 30 -32,  
Subramaniyan  Street ,  Abiramipuram, Chennai - 600 018 .  044 -  4567 1150, 044-4567 1150, admin@eyeballmedia.in

Out of Home Media  - Mr. Shailender
Business Head -  99400 40059, nrshailender@eyeballmedia.in


Exhibitions - Mr. Prashanth - Business Head -  96000 84255, prashanth@eyeballmedia.in

Event Management - Mr. Santhosh - Head - Marketing and Operations  99406 26150 santhosh@eyeballmedia.in

Visual Merchandizing - Mr. Selvan - Business Head -   94864 20111, tvselvan@eyeballsigns.com

Rural Marketing - Mr. Shailender - Business Head -  99400 40059
Email : rajasekar@eyeballmedia.in, prashanth@eyeballmedia.in

Websites:  www.eyeballgroup.com /
www.eyeballmedia.in / www.ceolifestyle.in / www.thebudgethome.in


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Best Job Opportunities in Indian Real Estate Sector

Sameer Khanna, JLL India

by Mr. Sameer Khanna, JLL India

Is the Indian real estate sector the right place to make a serious career in now? Compared to more developed countries, the Indian real estate sector still lacks sophistication & transparency.
However, it continues to be in the limelight of domestic &  international investments. This has naturally brought on the need for better, more capable human resources.

Though real estate is not nuclear science, there is a fair degree of complexity involved. As in any other business, real estate businesses operate either on:
 
    ^ The basis of knee-jerk reactions to currently existing market trends and opportunities
 
    ^ A learned understanding of the market, anticipation of emerging possibilities and with provisions for market integrity over the long term
 
The first method is reactive and often opportunistic. The latter is based on information rather than gut-feelings, and results in assured growth rather than short-term gains via calculated risks. There is increased emphasis on the latter approach today – therefore, there is definitely scope for making a career as a real estate professional.
 
Real Estate Courses..!The scenario is changing fast and there is a lot of professionalism coming in because of the arrival of major international players. Developers are cleaning up their acts & introducing best practices and higher transparency now, thanks to evolving market dynamics.
People equipped with the right know-how, training and professionalism are in high demand, and are paid correspondingly.
 
There are a number of real estate courses that aim to equip their students with some requisite knowledge, thereby giving them an edge. However, academic learning needs to be backed by hands-on, practical experience in order to reap fruits. A real estate course is at best a means to an end, but certainly not an end in itself.
 
The emergence of Indian real estate as a new academic focus is, of course, heartening. Equipping students with a basic understanding of the real estate market is as valid as instructing them on stock market dynamics – knowledge of either field can open up various career possibilities and attract youthful progressiveness into the sector.

Academically Prepared..!Also, the real estate professionals of the future are responsible for bringing about some badly-needed regulatory frameworks in the sector, and for catalyzing a higher degree of transparency.
The fact that they now have opportunities for being academically prepared for this is nothing but positive. That said – should one choose to attend such a course, checking its accreditation & verifying that the courses are officially recognized is extremely important.
 
In the final analysis, no learning is ever wasted. At the very least, even rudimentary real estate courses can whet the appetite of our youth to acquire experience and proficiency in this exciting, dynamic sector.
Here, as in every other business field, the instructed youth of today are the leaders of tomorrow.
 
The following are some of career options available in the real estate sector:
 
    ^ Residential real estate broker:A broker dealing in residential properties may represent either the buyer or the seller.
 
   ^  Commercial real estate broker: Such a broker sells hotels, office space and similar commercial real estate properties. He/she may concentrate solely on retail office space, mall space, industrial space or hospitality space. He/she is involved in extensive market analysis, since commercial real estate is a preferred investment sector.
 
 ^  Real estate appraiser : Such people determine the fair market value of a home for sale. They assess the value of properties on behalf of an appraisal firm, a bank or even major private investors. They are involved in refinancing, too.
 
    ^ Property manager : Such a person usually is part of a professional property management firm and looks after the investment of the property owners. He handles customers and manages lease and rent deals. Good negotiation and people skills are derigueur in this line.
 
  ^  Facilities manager : Facilities management as a concept has just begun emerging as the best possible route of maximize profitability and reduce overhears in large real estate projects such as residential townships, office buildings and malls. There is still a severe dearth of adequately trained facilities management personnel. Professional property and asset management companies such as JLL (Jones Lang LaSalle) train their operatives on the ground.
 
^   Real estate investment consultant : Such a person has extensive inside knowledge of the real estate market & advises property investors on the best investment options. His/her main focus is to locate properties that will appreciate in value.
 
    Project development experts: ^  Such people are at the very nexus of the property market, and help create saleable properties. They advise developers on all aspects of the project, from the blueprint stage of final deployment.
 
Best of Merit and Luck...!
 
About Sameer Khanna..! 
Current -  Head - Human Resources (HR), India at Jones Lang LaSalle
Past -    Head Compensation and Training,India and Global HR ops Manager OS/GO at Logica
Organisation Effectiveness Manager at Britannia Industries Limited
Consultant at Hewitt Associates
Education -   Human Resource Certification Institute - Society for Human Resource Management
 XLRI Jamshedpur
 Jawaharlal Nehru Vishvavidyalaya
Specialties -
Human Resources, Generalist HR, Total Rewards, Head HR, Learning and Development

About Jones Lang LaSalle India..!
 
Jones Lang LaSalle is India’s premier &  largest professional services firm specializing in real estate. With an extensive geographic footprint across eleven cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh & Coimbatore) and a staff strength of above 4800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property &  asset management, sustainability, industrial – manufacturing & warehousing, capital markets, residential, hotels, corporate finance, health care, senior living, education &  retail advisory.
 
joneslanglasalle.co.in


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Times Goa Property Expo 2012 : Today Last day at the Nehru Centre, Worli, Mumbai

The Times Goa Property  Expo 2012 is Mumbai's exclusive event promoting Goa properties will be held at the Nehru Centre, Worli, Mumbai up to April 29, 2012.

Goa's pristine beaches not only attract tourists, but are a haven for house seekers as well. Real estate brokers estimate that residential property in Goa commands high rentals along with good re-sale value.

The Times Goa Property Expo 2012 will showcase top builders offering various properties across Goa including Resorts and Clubs, Holiday Homes, Townships, Premium Residencies, luxury Apartments, Hi-End Villas, Plots and others.

Be assured of a wide range of options brought under one roof, as property developers showcase their latest projects suiting every requirement & budget. This exhibition is brought to you by Introduction Trade Shows Pvt. Ltd. and The Times Group, and provides you a unique opportunity to choose a dream home in Goa from an array of options available at very special prices for on-spot bookings.
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Gruhapravesham 2012 : Till Today April 29 at Hyderabad

Ganesh Vasudevan, V P, Indiaproperty.com
The real estate portal, Indiaproperty.com is organising ‘Gruhapravesham 2012', a property event at Hyderabad International Trade Expositions Ltd (Hitex) , Hyderabad from April 27 to 29.

The portal, which already provides service across Hyderabad, Vijayawada & Visakhapatnam, now has the city on its radar given the emergence of residential property market  at Hyderabad. Apart from presenting properties, the 3 day event will have panel discussions with experts on trends, opportunities and challenges in the market.

Mr. Ganesh Vasudevan, Vice President &  Business Head, Indiaproperty.com said,''The portal had increased its focus on new properties and expanding its reach across regions. On Gruhapravesham 2012. The show provides one stop solution for buyers, sellers, agents, housing loan companies, Banks and allied services industries”

Mr. Ganesh Vasudevan also said, ''Hyderabad property market had a clear shift towards affordable (low cost) houses with consumer preferring houses in the range of Rs. 25  lakh to Rs. 28 lakh from the earlier about Rs.  35 lakh. There had been a general slump during the the last 3 quarters but a revival looked possible in the next 2 to 3 months on the back of softening of interest rates among other factors. The people's preference has shifted to  2 bedroom flats from 3 in the past"

The Indiaproperty.com  with a listing of above  30,000 new properties and about 600 projects pan India also announced its increased focus on the online market for new properties.

It is IndiaProperty.com's its second property show. The first edition was held in Chennai last year.
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National MSME Convention on Building Globally Competitive MSMEs

Third National MSME Convention on Building Globally Competitive MSMEs: The Way Forward held in Chennai.

Special Address by
Dr. Niranjan Mardi, Principal Secretary, Micro, Small and Medium Enterprises Dept – Government of Tamil Nadu

Keynote Address by Mr.  M Narendra Convention Chairman & CMD, Indian Overseas  Bank

Theme Address by Dr .H P Kumar, Chairman, MSME Committee, AIMA, CMD, NSIC

Venue :   GRT Grand, Sir Thyagaraya Road, Chennai      
Day/Date     Saturday, April 28, 2012       
Timings    9:00 am – 5:30 pm
     
Key Speakers / Panelists :

·    Mr. Ravi Viswanathan, President, MMA

·    Mr. K Subrahmanyam, General Manager SME, Indian Overseas  Bank

·    Mr. Jayanta Chatterjee, Senior Group VP, ICRA Ltd

·    Mr. S K Swamy, CMD – R K Swamy BBDO Pvt.  Ltd

·    Mr. N K Chaudhary, CMD – Jaipur Rugs Company Pvt Ltd

·    Mr. V S Sundara Raman, Vice President-OnDemand Solutions, Ramco Systems Ltd.

·    Mr. Suneet Singh Tuli, CEO, Data Wind Ltd.

·    Mr. Suresh Srinivasan, Manager Southern Region India Pvt Ltd.

·    Mr.  Ram Kumar Shankar Executive Director, Sanmar (MMA)

·    Mr.  C Siva Kumar, CEO, Prabha Engineers

·    Mr.  V Arumugam,Zonal General Manager, NSIC, Chennai

·    Mr.   V  Sridharan,  General Manager, SIDBI

·    Mr. P K Gupta, CMD, Cafe Buddy’s Foods Pvt Ltd.

·    Mr. V Sriram, Chief Operating Officer, ICRA Management Consulting Services
     Dr. J S Juneja, Chairman, Task Force MSME, AIMA

·    Mr.  Rajiv Vastupal, President, AIMA

For further Information, please contact:       
             
Adfactors PR      AIMA
Gomathi M/ Nupur Kaul                                                    Ranjana Bhardwaj
9791015777/ +91 9958358883                                           +91 9313342654      

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Economically Weaker Sections : RBI Rise Home Loan Limit to Rs. 10 lakh

The RBI (Reserve Bank of India) on recently  doubled the limit for housing  loans to Rs. 10 lakh from Rs. 5 lakh for consideration under priority sector lending.

Increase  Limit..!
RBI said in a notification, “It has been decided to increase the limit from Rs. 5 lakh to Rs. 10 lakh for the bank home loans extended to non-governmental agencies, approved by  National Housing Bank (NHB) for their refinance, for on lending for the purpose of construction or reconstruction of individual dwelling units (Houses/flats) or for slum clearance and rehabilitation of slum dwellers,"

As per the existing norms, banks have to provide 40% of the total credit to the prescribed priority sectors including housing for economically weaker section.

Loans of such nature fall under indirect finance to housing sector as the final disbursement is done through NHB approved non-governmental agencies.

Finance minister Mr.  Pranab Mukherjee in his Budget for 2012-13 proposed to enhance the limit of indirect finance under priority sector lending from Rs. 5 lakh to Rs. 10 lakh for construction or reconstruction of house for the weaker section.

In July last year (2011), RBI has said assistance given to a non-governmental agency approved by the NHB for the purpose of refinance for construction or reconstruction of dwelling units (Houses/flats) or for slum clearance and rehabilitation of slum dwellers, subject to a ceiling of loan component of Rs. 5 lakh per house.

Helping hand FM in his budget speech had proposed to enhance the limit of indirect finance under priority sector lending Banks have to provide 40% credit to the priority sectors including housing for weaker sections.  Loans of such nature is done through NHB approved nongovernmental agencies.
It is a bit to promote housing for low income groups in major cities.

Src: PTI
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Chennai Realty Property Show up to April 29, 2012: Inaugurated by TN Speaker Jayakumar

Inauguration of Chennai Realty Property Show held in yesterday. Inaugurated by Tamilnadu (TN) Speaker Mr. D. Jayakumar.

Place: Chennai Trade Centre, Nandambakkam, Chennai
Date : April  27 to 29,  2012 (Friday to Sunday)

Time: 10 am to 8 pm
 

Entry Ticker Rs. 30 per head. 
The Event Organised by Chennai based Eyeball Media.

There are above 80 builders and Banks / housing finance companies that provide housing loans will put up stalls offering about  50,000 property choices.

 A  2,000  Sq. ft  of exclusive space for professional  counseling & legal advice cells to guide you in property buying  and real estate investments
A wide range of properties ranging from Rs. 5 lakh to Rs. 2 crore will be on the display and  expect a footfall of nearly 20,000 during the three day Chennai Realty Property Show 2012

Eyeball Media Pvt Ltd,  Corporate office : 30 -32,  
Subramaniyan  Street ,
 Abiramipuram, Chennai - 600 018 .  044 -  4567 1150, 044-4567 1150, admin@eyeballmedia.in

Out of Home Media  - Mr. Shailender
Business Head -  99400 40059, nrshailender@eyeballmedia.in

Visual Merchandizing - Mr. Selvan - Business Head -   94864 20111, tvselvan@eyeballsigns.com

Exhibitions - Mr. Prashanth - Business Head -  96000 84255, prashanth@eyeballmedia.in

Event Management - Mr. Santhosh - Head - Marketing and Operations  99406 26150 santhosh@eyeballmedia.in

Rural Marketing - Mr. Shailender - Business Head -  99400 40059
Email : rajasekar@eyeballmedia.in, prashanth@eyeballmedia.in

Websites:  www.eyeballmedia.in / www.ceolifestyle.in / www.eyeballgroup.com /
/www.thebudgethome.in

Knowledge Partner  : Chennai Realty.biz 
Chennai's Exclusive Real Estate Magazine
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Q4 profit up 15% : Stable Prices Boost India Cements

Stable cement prices &  improved realisations have contributed to Chennai bases India Cements reporting a 15% growth in net profit during the fourth quarter.

For the quarter ended March 31, 2012, India Cements reported a net profit of Rs 65 crore on a total income of Rs 1,123 crore.

During the corresponding quarter in the previous year, the net profit was Rs 56 crore on a total income of Rs 942 crore.

A noticeable recovery in demand and a higher average realisation during the year at about Rs 3,431 a tonne (Rs 2,661) have contributed to the improvement in performance.

Cement sales during the quarter were at 25.28 lakh tonnes (25.32 lakh tonnes).

Mr N. Srinivasan, Vice-Chairman and Managing Director, India Cements,''The Cement Manufacturers Association figures show that during the last quarter the demand has grown by 10%t over that of the previous year. Last year input costs had increased across the board as the cost of power, fuel &  raw materials had increased."

But there is bound to be a ‘tapering of costs' in the current years as the company is securing critical costs like power& coal.

India Cements has commissioned a 50 MW coal-based power plant at its Sankar Nagar plant in January, 2012.  Its captive plant in Vishnupuram is to be commissioned soon.

As grid power costs increase, the captive power plants will contribute to significant savings.

The company has also invested over $2 crore in captive coal mines in Indonesia which will be commissioned in the first quarter of the next financial year (2013-14).


During the 2011-12, the India cements  has reported a net profit of Rs 293 crore (Rs 68 crore) on a total income of Rs 4,223 crore (Rs 3,540 crore).
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Tata Sponge Iron : Target Price Rs. 420

For 4Q FY 2012, Tata Sponge Iron (TSIL) reported a 6% yoy decline in its revenue
to Rs. 184 cr, 15.5% higher than our estimate of Rs. 159 cr.

The company’s EBITDA margin came in at 13.9%, lower by 4.93% q o q, from 18.8% in 3Q FY 2012 due to increased raw-material costs as a percentage of net sales possibly because of
higher iron ore prices.

Profit for the quarter stood at  Rs. 15 cr as compared to Rs. 17 cr
in 3Q FY 2012. We expect ramp-up in capacity utilization and better sponge iron
volume sales going forward.

We await clarity from the management on the status of its coal block, which could be a key trigger for the stock. Maintain  Buy recommendation on the stock with a target price of Rs. 420, based on a target P/B
of 0.9x for FY2014E.

Review by Angel Broking

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Tata AIG General Insurance : Renewable Reimbursement Health Insurance

Gaurav D Garg,
 Tata AIG General Insurance on recently launched its first domestic lifetime renewable reimbursement health insurance policy, namely  MediPrime.

Mr. Gaurav D Garg, Tata AIG MD & CEO said, “MediPrime is specifically designed to meet the current requirements of the consumer &  ensure their needs from a health policy are met''

MediPrime plan is a comprehensive offering and is designed to cater to the retail consumers.

It has features like no sub-limit for in-patient hospitalisation, total reimbursement or no co- pay and ayush benefit that is coverage for non-allopathic in-patient treatments like ayurvedic, unani or homoeopathy.

It is available for individuals between 18 to 65 years with cashless options currently through a network of 3,000 hospitals.

The policy also provides 10% discounts if 3 or more members of the family are covered under the individual plan. The slab for the policy begins from Rs. 2 lakh and goes up to Rs. 10 lakh.

All cashless claims would be authorised within 4 hours on receipt of all documents & claims would be settled in 7 working days after completion of formalities.

Tata AIG General Insurance is a joint venture company, formed by the Tata Group and American International Group (AIG).
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Chennai Realty Property Show 2012 : Today Opens

Chennai Realty Property Show 2012, today (April 27) opens at Chennai Trade Centre, Nandambakkam,  Chennai. 
* A thousands of footfalls , focused selling to just target audience
  
* Hundred builders/Promoter/developers under one roof,  lakhs of houses
* A  2,000 Sq. ft  of exclusive space for professional  counseling & legal advice cells to guide you in property buying  and real estate investments 
Date : April  27 to 29,  2012 (Friday to Sunday)
Place: Chennai Trade Centre

Post the 2008  slowdown, the demand for property has been robust in Chennai city and suraroundings  so much so that the city is leading other metros.

Chennai is witnessing steady demand for budget (low cost)  luxury properties & properties in the bracket of Rs. 20 lakh to Rs. 45 lakh is the most sought after.

There is a shortage of about  24,000 units (homes -flats) in the Chennai city in the budget housing segment.
There are above 80 builders &  banks, housing finance companies that provide housing loans will put up stalls offering nearly 50,000 property choices. 
The Event Organised by chennai based Eyeball.

Kalyan Jayaprakash,  Inno Geo City discusses the real estate
 Mr. Kishore Kumar, director, Eyeball said, ''A wide range of properties ranging from Rs. 5 lakh to Rs. 2 crore will be on the display &  we expect a footfall of about 15,000 to 20,000 during the 3 day event”d

Mr. Kalyan Jayaprakash, Managing Director, Inno Geo City said,  '' Property seekers were in a wait-and-watch phase because of Reserve Bank guidelines and market fluctuations and now the phase is over. The investors and those who need houses should come forward to purchase properties &  the Chennai real estate market is steady and booming,”

Mr. J. Kishore, director, Evocon said, ''Chennai suburbs have potential&  the public should start thinking about leading a peaceful life in a suburb, where there is no traffic chaos and congestion. Out that properties in the suburbs of Mumbai &  Delhi were sort after by people, and a similar situation would soon arise in Chennai City"


Event Organiser..!
Eyeball Media Pvt Ltd, 
Corporate office : 30 -32,   
Subramaniyan  Street ,
 Abiramipuram, Chennai - 600 018 .  044 -  4567 1150, 044-45671150
E-Mail - admin@eyeballmedia.in

Out of Home Media  - Mr. Shailender
Business Head -  99400 40059
nrshailender@eyeballmedia.in
Visual Merchandizing - Mr. Selvan
Business Head -   94864 20111, tvselvan@eyeballsigns.com
Exhibitions - Mr. Prashanth
Business Head -  96000 84255, prashanth@eyeballmedia.in
Event Management - Mr. Santhosh
Head - Marketing and Operations  99406 26150 santhosh@eyeballmedia.in
Rural Marketing - Mr. Shailender
Business Head -  99400 40059
www.eyeballmedia.com
Email : rajasekar@eyeballmedia.in, prashanth@eyeballmedia.in
Websites: www.eyeballgroup.com / www.eyeballmedia.in / www.ceolifestyle.in
/www.thebudgethome.in

Knowledge Partner  :
Chennai Realty.biz  
Chennai's Exclusive Real Estate Magazine
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