RBI's House Price Index : Up 6.7% in first quarter of 2012-13..!


There has been a 6.7% growth in housing prices across the country in the first quarter of the current fiscal (2012-13), RBI (Reserve Bank of India) said recently.

House Price Index..!

 RBI macroeconomic and monetary developments report released on the eve of monetary policy announcement said, "The RBI's quarterly House Price Index ((HPI) , based on data for 9 cities, indicates a Q on Q increase of 6.7% at the national level,"

On a year-on-year basis, the price increase has been recorded at 24.1%

The House Price Index takes into account price situations in 9 cities - Mumbai, Delhi, Chennai, Bangalore, Ahmedabad, Lucknow, Kolkata, Jaipur & Kanpur..

Housing prices in the financial capital (Mumbai) grew at a tepid 3.1% for the quarter ended June, 2012 while growth in Kolkata was the fastest, at 28.9%, adding Bangalore & Kanpur witnessed a fall.

Going by transaction volumes, there was a 6.4% rise on a sequential basis, the quarterly index showed, while on a YonY basis it stood at 9.3%..

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Special Townships in Mumbai : Hike in FSI..!


Maharashtra Chief Minister Mr. Prithviraj Chavan on recently reiterated plans to increase the FSI (Floor Space Index) for special township projects.

The state government’s special township policy allows a private developer holding above 100 acres of land to develop township along with necessary infrastructure amenities.

Chief Minister Mr. Prithviraj Chavan

Main sources said, '' Mr. Chavan is toying with the idea to double the FSI allotted for such projects. The maximum FSI of 1 for the entire plot (global) may be raised to 2. The allotment of global FSI would mean higher FSI for the building’s built-up area too".

 Mr. Chavan said, “These townships should have business districts & the developer should provide infrastructure. It should be like BKC that decongested south Mumbai.”

Some within the state government &  outside have expressed reservations over doubling the FSI
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Diwali : Muthoot Finance Offers Assured Gift to Money Transfer Customers


Muthoot Finance Ltd, the largest private player with above 3,800 Money Transfer payout centers in India has come up with assured gifts to all its Money transfer customers in Tamil Naidu during the festive season of Diwali.

The company boasts of the 20 lakh Money Transfers it paid out to customers last year and this year it aims at doubling the figures.


This festive offer will run through the entire month of November 2012 where all Money Transfer customers would receive an assured gift from Muthoot Finance branches. Apart from this, Gold Coins will also be given to one Money Transfer customer on a daily basis through lucky draw contest.

Muthoot Finance is the only company that provides the service of Western Union, Xpress money, MoneyGram, Royal money transfer, Ezremit, Instant Cash and Trans fast in a single location.
Mr. George M George, Executive Director of Muthoot Group said, “At Muthoot Finance customer is always a priority and we have always focused on serving them better. This Diwali offer is a token of our appreciation for the continued love and support from our Money Transfer Customers”

About Muthoot Finance Ltd..!
Muthoot Finance Limited is the largest gold financing company in India in terms of loan portfolio. The company is a - Systemically Important Non-deposit taking NBFC- headquartered in the southern Indian state of Kerala.
Operating history of Muthoot Finance has evolved over a period of 73 years since Mr. M George Muthoot (the father of Promoters) founded a gold loan business in 1939 under the heritage of a trading business established by his father, Ninan Mathai Muthoot, in 1887.

The company provides personal & business loans secured by gold jewellery, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time, or / to whom credit may not be available at all, to meet unanticipated or other short term liquidity requirements.
Company is listed on both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

For More Information Please Contact:
Babu John Malayil,
Muthoot Finance Ltd,
Email: babujohn@muthootgroup.com
Contact: 0484- 2396478
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Reserve Bank Policy : What Impact On Borrowers & Investors..!


India's banking regulator, the Reserve Bank of India (RBI) in its second quarter review of monetary policy 2012-13, has taken some measures to improve various customer and investor service issues.

NEFT - National Electronic Funds Transfer..!

Starting from 19 November, 2012 an additional batch of National Electronic Funds Transfer (NEFT) will work, that will start at 8 AM. Now, NEFT operates in hourly batches - there are 11 settlements from 9 am to 7 pm on week days (Monday  to Friday) and 5 settlements from 9 am to 1 pm on Saturdays.

Fake Notes..!

As far as fake notes goes, you would not be able to palm them off to the banks, since RBI has asked banks to be very strict as far as impounding fake notes goes.

This move comes in to meet the growing demand & increasing volume of NEFT transactions. Due to the heavy demand, there is decongestion that build-up of transactions in the first batch on all days including Saturdays.

Typically the beneficiaries’ banks get credited with the transferred amount either on the same day or / on the next working day morning. But instances of delay have been known for various reasons. With an additional batch, let’s hope the decongestion issue to eases out & delays are prevented.

Currency Notes issues..!:

If you are tired of soiled, damaged or /  even fake currency notes, RBI has suggested some guidelines to bank, which would handle this issue. RBI has asked banks to identify 4 to 5 branches at each of the centres where the RBI’s Issue offices are located.

These branches would provide exchange facilities for soiled, mutilated notes as also issue coins to the general public through their dedicated counters or / coin vending machines. So, no more dealing with dirty notes, or / looking for change. As far as fake notes goes, you would not be able to palm them off to the banks, since RBI has asked banks to be very strict as far as impounding fake notes goes. If any bank fails to impound a fake note, they could be penalised.

Credit Report..!

RBI had observed that even though there are a number of  credit information granting companies (like CIBIL, Experian, etc..), the number of credit reports accessed by banks to take a decision while granting loans was not as per its expectation. 

RBI has reinstated that banks should make extensive use of available credit information as a part of their credit appraisal process. Also RBI said banks to provide lenders timely & accurate credit information on their borrowers to credit information companies, for as update of borrowers’ records.

 RBI has strictly said banks to take into account any one's credit report before giving any kind of credit. Detailed guidelines in this regard are being issued separately.

Aadhaar for Authentication for Securing Card Present Transactions..!

Banks consider the Aadhaar biometric authentication along with the MagStripe (black magnetic stripe at the back of a credit / debit card) as an additional factor of authentication for card present transactions (where physical card is used) at ATMs & POS terminals. This move is expected to make such transactions safer for consumers & decrease the risk of frauds. RBI will come up with further steps & guidelines regarding the same, in the future.

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Festive Season: Smart and Safety Shopping Tips


by Ms. Harshala Chandorkar, CIBIL

Gifiing is an integral part of celebrating the festive season.

Indian people tend to go on a buying spree with plans to spend on buying home appliances, cars, plot of land, houses and other electronic goods during this period.

Among these, quite a few are purchased on EMIs ( equated monthly installment ) through credit cards & loans. It is, therefore, critical to have a planned festive budget in place to enjoy the festivities while staying within your means.
Ms. Harshala Chandorkar

Try these tips to help you keep your finances intact & shop smart this festive season:

^  Set a limit for your money so that you spend cautiously.

^  Make a list of all the people you need to buy for, and determine a spending cap for each person to help you stick to your budget.

^ Choose appropriate gifts that allow you to stay within your spending caps and make a list of your gift ideas.

^  Have a back-up plan so that if a particular gift idea isn't available, you've got a another option in mind within your budget.

^  Do shop around to find which store is offering a better discount. Take some time to do some research.

^  In case, you are planning to buy a new flat  - house, car, or / electronic goods on loans, make sure you know your credit eligibility. Access your CIBIL (Credit Information Bureau (India) Limited) credit report & score before planning to avail loan for these high end purchases so that you are well aware of your credit standing & eligibility for the loan.

^ Great offers from credit card companies will also be available. Use credit cards wisely this festive season & ensure you pay your bills on time.

^ By accessing your credit report regularly, you will be able to keep a track of your credit history &  this may enable you to access credit when they actually need it. A good credit score and a healthy credit report may be a key to faster & better loan and credit card deals, which will add colour to your festive purchases.

About the author..
Ms. Harshala Chandorkar is Senior VP ­ (Consumer Relations) at CIBIL

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Cement Price Per Bag : Hyderabad - Rs. 260, Chennai Rs. 325..!


Cement prices have once again started to rise rapidly in Andhra Pradesh (AP). Within weeks, the building material has seen 2 hikes, each time minimum Rs. 15 for a 50 kg bag .

Another Round of Hike..!

In October, 2012 alone, the price in Hyderabad market touched Rs. 260 per bag. Cement manufacturers are upbeat with this upward trend in prices, since the product hit a low of nearly Rs 210 per bag in September, 2012.

Industry analysts see another round of hike in the coming weeks. In Rayalseema and coastal Andhra, where construction activity, has been gathering momentum, the prices are rebounding faster. Now, they have risen to Rs. 290 and Rs 280, respectively.

The hike in diesel prices in September, 2012 seems to have been leveraged by cement companies to reverse the downward spiral of cement in Andhra Pradesh, which is among the largest producer and consumer of the building material.

In neighbouring Tamil Nadu (TN), Maharashtra & Karnataka, the prices have been steadier, hovering about Rs. 280-Rs.300.

Transportation Costs, Power Cuts..!

Industry sources said, ''The frequent power cuts and the consequent use alternatives as also the rise in transportation costs have forced cement companies to hike prices".

With construction activity expected to resume after Dasara in India, cement manufacturers are bullish. But consumers (buyers) and real estate companies will be at the receiving end.

Src: Hindu
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MCHI- CREDAI Mumbai Expo: 120 Developers, Showcase 15,000 Properties


Developer body MCHI - CREDAI has embarked on an ambitious 4 day property expo from November 01, 2012 showcasing flats, bungalows & commercial offering from across Mumbai city and the MMR (Mumbai Metropolitan Region).

With India's leading private bank Axis Bank joining in as the co-organiser, the 20th edition of MCHI-CREDAI’s Real Estate and Housing Finance Exhibition will kick-start at MMRDA Grounds, Opposite Bharat Diamond Bourse at Bandra Kurla Complex, Mumbai.

15,000 properties, 120 developers..!

Spread over an area of 30,000 square meters, this edition of the property exhibition will showcase above 15,000 properties by over 120 developers, including several new entrants.

They will showcase properties from across Mumbai and MMR, ranging from 1 / 2 / 3 / 4 / 5 BHK houses and flats, studio apartments, duplex, penthouses, row houses, bungalows, apart from featuring second homes / holiday homes, NA plots, shops & office premises. Reflecting growing interest from outside Mumbai, some properties from Pune & even Kerala will be on display here.


The property fair offers a good opportunity not only for domestic buyers but also for NRIs (Non - resident Indians) who are looking to invest back at home. As many as about 15 HFCs (home finance companies) will also set up their stalls to offer spot home loans.

Mr. Paras Gundecha, President, MCHI-CREDAI, said, “This is an event that was waiting to happen. House buyers have literally been sitting on a fence due to a variety of reasons. But now that the prices have stabilised and more & more new projects are coming up, it is the right time to plan for one’s dream home. The investment in a house is costliest one that an Indian makes in a lifetime. “This is exactly why, we have come with this idea of holding this exhibition with properties to suit everyone's pocket - from 1 BHK to Bungalows & Penthouses. We are sure that those who run around in search of their dream homes will find an answer here, at the MCHI-CREDAI  Fair.”

Mr. Jairam Sridharan, Head (Consumer Lending & Payments) Axis Bank said, "We see traction in the real estate market of Mumbai after a long gap. What the Mumbai customer / buyer is looking for is some improvement in the sentiment & some clear signs which differentiate the serious players from the rest. The entire country looks up to Mumbai when it comes to real estate & we are starting to see some positive developments here. We wish all the best to the participating builders / promoters / developers and hope the search for a dream home of every consumer ends here"

The visitor will have a new experience with valet parking, registration counter with state-of-the-art technology that depicts product locator, a Kid Zone where kids can enjoy while their parents are shopping for their “Dream Homes”.

In line with the high-tech trend, MCHI - CREDAI will implement a unique QR code to facilitate house buyers to focus on their search as per their requirement.

Mr. Bandish Ajmera, Chairman, Exhibition Committee, MCHI-CREDAI, said, “With current market conditions, budget houses will be a major attraction for house buyers at this property show. We are confident that house buyers will throng in large numbers to have a look at the wide choice of properties on display. All in all, this will be a never-before opportunity for home buyers as well as investors since this is the right time to buy.”

The shown assumes an added significance in view of the fact that MCHI - CREDAI has adopted a self regulatory code of conduct for developers to ensure transparency in real estate transactions.

Contact
Maharashtra Chamber of Housing Industry
Maker Bhavan-II, 4th Floor, 18, V. Thackersey Marg, New Marine Lines,
Mumbai 400 020
Tel :  91 - 22 - 4212 1421
Fax :  91-22-4212 1407 / 11
E-mail   : mktg@mchi.net

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JLL India: Launch Real Estate Fund


 Property consultancy company Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth. Rs. 300 crore will be launched soon in the domestic market.

Capital market regulator SEBI  (Securities & Exchange Board of India) has approved the proposed fund, which will be a close-ended one with a 6 year tenure.

Mridul Upreti, CEO, JLL Segregated Fund Group said, "It is the first one among a series of funds that we are planning to launch in the next few months. The proposed fund will focus on city-centric residential projects with shorter cycles & high-equity returns" 

Though the fund will be looking at investments based on opportunities, the focus will be on residential projects in tier-I cities. It will be aiming to fetch internal rate of return of about 20 to 25%, and the average investment size is likely to be nearly Rs. 25 crore to  Rs.30 crore.


The property consultant is in the process of appointing distributors & other intermediaries for the fund - raising exercise.

JLL, a global real estate property consultancy company, offers services like leasing, buying office space or investing in the Indian real estate space.

Globally, LaSalle Investment Management, an independent subsidiary of Jones Lang LaSalle, manages $ 46.7 billion (as of Q2 2012) of private & public property equity investments, which invests only in real estate.

There are above half a dozen realty focused funds such as ICICI Prudential AMC (Joint venture between ICICI Bank & Prudential Plc of UK), JP Morgan Asset Management, Reliance Portfolio Management Services, ASK Property Investment Advisor, IDFC & IL&FS that are in the market to raise fresh or / follow-up funds to deploy in the real estate sector.
 
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Is NRIs Can Open a PPF Account in India?


NRIs (Non Resident Indian's)I were not eligible to open a  Public Providend Fund (PPF) account & the account will be treated as void abinitio.


NRIs have restrictions in investment options. But there are asset classes where NRI can invest like FDs (Fixed Deposits), stocks, mutual funds, insurance & real estate. 
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Only 20% Consumers Aaware Protection Law.!


In India , only 20% of consumers are aware of the consumer protection law & just 42% of them have heard about consumer rights, a new study has said.

Consumer is King..!

Food and Consumer Affairs Minister Mr.K V Thomas said, "We proclaim consumer is king. Unfortunately, larger section of society does not know about their rights. Even if educated consumers take their complaints to dealers or shop owners, they are asked to go to makers of the products:

According to a study jointly conducted by NGO CUTS International and Food and Consumer Affairs Ministry. "Only nearly 20% of consumers in India are aware of the Act even after 25 years of its existence. It is the best known act followed by Weights & Measures Act, 1976 and Food Safety and Standards Act, 2006,"

Sharing his personal experience as a consumer, the minister Mr.K V Thomas said: "I purchased a car recently. But the car that was delivered to my place had scratches. When the dealer was asked to replace it, he asked my assistant to go directly to the manufacturer. Later, he realised that I am a minister & replaced the car. Not everybody can be a minister."

Since justice is delayed in consumer courts, Mr. Thomas suggested that organisations like CUTS should play an important role in addressing the consumer grievances faster.

Consumer Protection law..!

* The central government has enacted the Consumer Protection law way back in 1986 to protect consumer interest & settle disputes at the central, state and district levels.

* Only nearly 14% consumers are aware about the proposed Food Security Act. The awareness is the highest in northern region & the lowest in eastern region.

* Just 42% have heard about consumer rights & almost 50% of consumers are not even aware about government's 'Jago Grahak Jago' campaign, the study said.

* Considering the fact that five (5) years ago only about 18% were aware about the Act, the study said expressing concern that people are gradually losing trust on consumer redressal mechanisms.

* The study, conducted in 19 states & three (3) union territories with a sample size of 11,499, was undertaken in the backdrop of the completion of 25% of the Consumer

* Although consumers have right to rederessal, the study revealed that about 93% of respondents have never made a 'formal complaint', while only 3% have registered their grievances with the company or producer.

* On quality issue of consumer products, the study said that "even in modern India, about 40% of consumers do not refer to any safety or quality certification such as ISI, ISO, Agmark, Codex before making a purchase.

* Although safety has been dealt in minimum 25 different Indian Acts, what is lacking is periodic monitoring mechanism to ensure that the rules are being implemented to minimise risk.

* Stating that the choices available to consumers across the availability of goods & services have multiplied ever since the reforms of early 1990s, the survey showed.

*  Only 1.6% of respondents were able to correctly name at least one product or service that has only one or / two producers or / providers.

* Poor implementation of government policies and laws is another impediments to the right to choice.

* The study suggested steps for massive awareness campaigns and information dissemination among the consumers about the existing legal remedies available to them.

The success of consumer movement will depend on consumer awareness..!

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Landmark Construction: Fully-furnished Flat in Chennai

Chennai based Landmark Construction had launched a fully-furnished, apartment project in the ultra-premium segment pegged on a “walk in and live” concept.

Mr. T. Udayakumar, Landmark Construction said, ''Buyers can expect accessories including electrical appliances and furniture from established and leading brands. The “walk in and live” concept is a novel approach to save the buyers the hassles involved in creating a living space after talking delivery of built up space".

* It coming up at Palavakkam (39 MGR Salai) on the ECR (East Coast Road) to the south of Chennai, these villas are priced at about Rs. 6 crore each (priced at Rs.12,500 per square feet); the 4,800 square feet villas are on a 2.5 acre plot of land and is located off ECR.
 Mr. T. Udaykumar, MD, Landmark Construction 

* The project, Grange, will sell 28 villas, a state-of-the-art club house and exquisite landscape gardens

* Each villa will have a little over 3,600 square feet of space, 4 bedrooms on 3 levels with elevators.

* Buyers will be allotted 2 days with the architects to choose the furnishing, appliances including cutlery. The choices will be from well-known brands.

* The project also offers modern amenities.

The Grange is definitely for the rich & famous and the amenities below is definitely proves it,

    *  Swimming pool with poolside bar
    *  Unisex gym
    *  Lounge and reception
    *  SPA
   *   Pool table and table tennis
   *   Home theatre with 36 seats
   *  Multipurpose hall
    *  Poolside party area
    *  Individual elevators
    *  Children’s play area
   ^  CCTV for common areas
  ^ Central air conditioning
  ^   Dimmers in AV rooms
  ^   Gas leak detectors
   
^  Water bodies with fountains
   ^  Wi fi connection
    ^ Terrace gardens
    ^ Access control entries
    ^ Power back up for even ACs
    ^  Separate rooms for servants, toilets, etc

.* The project value is 165 crores and is estimated to be completed in 18 months’ time.


* Home Loans by Kotak Bank, HDFC Home Loans, Axis Bank

Call: Johny 98509 71199,

Vennila 95660 02858, 95662 98390 

About Landmark..!

Landmark Construction has been a player scross segments, ranging from apartments, villas & affordable homes to super luxury, ultra premium lifestyle houses.

Landmark has completed about 25 projects and is working on 13 more. It has also finalised 13 more residential projects.


Contact..!
Landmark Construction,
27, Saravana Street, T.Nagar, 
Chennai -600 017, India
Tel : + 91 44 - 4343 8282, + 91 44 - 4590 0300

Email:  sales@ourlandmarks.com
Web Site: http://ourlandmarks.com

Photo: The Hindu
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National Housing Bank : Fund Stalled Housing Real Estate Projects..!


The National Housing Bank (NHB) has begun the search for stalled housing projects that can turn viable with a fresh dose of financing.

The NHB will coordinate with builders / developers / promoters assess project viability & facilitate bank funding after restructuring accounts.

Lenders, in turn, have requested the government for a favourable asset classification norm.  The central government may take up the issue with the RBI (Reserve Bank of India)  to encourage fresh lending to the sector.
  
NHB is primarily looking at smaller towns like Bhopal, Coimbatore (Tamil Nadu) & Meerut, which are known as business hubs.

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Finding Real Value in a Course Correction: Adapt, Sustain & Grow


by Mr. Ashutosh Limaye, JLL India

The real estate sector is treading into a new cycle post its learning over the last 4 to 5 years. After their exposure to both a pre  GFC (Global Financial Crisis) and post-GFC scenario, industry stakeholders have made changes to adapt to the evolving trends.

Our latest release, Finding Real Value in a Course Correction, highlights how private equity players have made a sustained change to their investment strategy and developers have modified their development mechanics to ensure value creation for their investors and partners during times of uncertainty.

The paper also looks at the changing role that banks &  the government could play leading to better asset creation & removal of information asymmetries in the system.


 Report Highlights..!:

^ PE (Private Equity) funds are realigning the 5 Ps (Philosophy, Profiling, Partnership,Portfolio, Protection) of real estate investments aimed at optimal value creation in accordance with the changing market conditions

^ The capital flows into the residential sector have recorded an upsurge, with the share increasing from 15% in 2008 to over 50% in 2009 and 2010

^   With an eye on structured transactions aimed at risk mitigation, PE firms are increasingly focusing on investments in fundamentally strong markets

^ There is need for a proactive role of banks to ensure that only credit worthy participants & quality projects have access to finance.

 About the Author..!
Mr. Ashutosh Limaye is Head - Research and Real Estate Intelligence Service, JLL India
For more details, contact
Ashutosh Limaye - Head - Research and REIS
ashutosh.limaye@ap.jll.com
+91 22 6620 7575

Mr.Arun Chitnis , Assistant Vice President, Marketing
Jones Lang Lasalle India
Level 6, Amar Avinash Corporate Plaza, Bund Garden Road,
Pune - 411 001.Tel: 020 - 3093 0441, Fax: 020 -  40196101
Mob: +91 93227 38464
Website: www.joneslanglasalle.co.in
Blog: www.joneslanglasalleblog.com/realestatecompass
Email: Arun.Chitnis@ap.jll.com
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Outstanding Contribution in Constructive Work: Jamnalal Bajaj Foundation Awards


This year’s Jamnalal Bajaj Foundation Awards ceremony is scheduled to take place on November 15, 2012.  The awards will be presented at a special function in Mumbai.
The event will be graced by the presence of Chief Guest Honorable President of India, Mr.Pranab Mukherjee. The Foundation received over 85 nominations this year (2012).
Every year, the Jamnalal Bajaj Foundation Awards are given in the four categories –

^           Outstanding Contribution in the field of Constructive Work
^           Application of Science and Technology for Rural Development
^           Development and Welfare of Women and Children
^           International Award for Promoting Gandhian Values Outside India

Each award consists of a Citation, a Trophy & a Cash Prize of Rs. 5 lakhs.

Mr. Madhur Bajaj, Trustee, Jamnalal Bajaj Foundation said, “The relevance of Shri Jamnalalji’s principles and practices has grown over time. His vision has stood as a beacon for generation that followed. Focusing on these very principles and to encourage and recognize the outstanding contributions of the people who have worked generously in the interest of the nation and its people, the 4 awards were instituted.”

The 2 awards, for recognition in the field of Constructive Work and Application of Science and Technology for Rural Development were instituted in 1978. The award for the Development and Welfare of Women and Children was introduced in 1980 in the memory of Smt. Jankidevi Bajaj. The International Award was instituted in 1988 in commemoration of the birth centenary of Shri Jamnalal Bajaj.


The 3 awards, for outstanding contribution in the field of Constructive Work, for Application of Science and Technology for Rural Development and for outstanding contribution towards Development & Welfare of Women and Children and / or Gandhian constructive work are given to individuals in India.

The International Award is given to individuals other than Indian citizens for their contribution in promoting  Gandhian values outside India. This year, 75 people from the across the country sent applications, recommending 35 names for the award for Constructive Work, 14 nominations in the category of Application of Science and Technology for Rural Development and 26 names for the award for Development and Welfare of Women and Children. 12 people representing various countries were nominated for the International Award.

Working towards promoting the Gandian values, the Jamnalal Bajaj Foundation reaches out to a wider audience through its websitewww.jamnalalbajajfoundation.org
Now people can submit nominations online.

About Jamnalal Bajaj Foundation..!

Dr. Jst. C. S. Dharmadhikari (Retd.), Chairman, Council of Advisors of the Foundation stated, `The Jamnalal Bajaj Foundation over a span of 34 years has been respected as a Gandhian establishment in areas of developing the socio economic arena in our country. It strives to serve the ideals of  Shri Jamnalal Bajaj and promotes Gandhian constructive activities in India and abroad.’ Shri Jamnalal Bajaj was accepted by Mahatma Gandhi as his fifth son and was the alter ego of the Mahatma so far as the Gandhian Constructive Movement was concerned.

The Foundation’s four awards are given annually to honor and encourage the outstanding contribution of the selfless men and women towards the upliftment and development of the society, rural community and the nation, at large.  Dr. Jst. Dharmadhikari added, `The objective is to recognise and suitably reward the efforts of these people who have dedicated their life to Gandhian constructive work and ideals which Jamnalal Bajaj had cherished all his life. There are three National Awards and one International Award.’

Jamnalal Bajaj Foundation
 Bajaj Bhavan
2nd Floor, Jamnalal Bajaj Marg,
226 Nariman Point, Mumbai 400 021. India.
Tel: 91-22-2202 3626
Fax: 91-22-2202 1174
Email: info@jamnalalbajajfoundation.org

Mrs. Minal Bajaj
(Hon. Director)
Email: minal@jamnalalbajajfoundation.org

Mrs. Rakshaben Mehta
(Secretary)
Email: raksha@jamnalalbajajfoundation.org

Ms. Shubhangi Karkannavar
(Joint Secretary)

Media Contact:
Ketchum Sampark Pvt. Ltd.
Krishna Moorthy S I Sr. Consultant I
39-B Anu Apartments, South Boag Road,
T. Nagar, Chennai - 600 017. Office :  + 91 44 24352644; + 91 44 24357915
Mobile: + 91 9442191717
Email: krishnamoorthy.s@ketchumsampark.com
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Local Administration Day November 1


The Tamil Nadu State Government celebrate November 1 as Local Administration Day.

The Rural Department &  Local Bodies would chalk out special programmes,
organise competitions for school students.

Celebrated in Panchayats..!


Local Administration Day will be celebrated in panchayats, panchayat unions,  town panchayats, municipality and district panchayat on November 1.

Awareness rallies & seminars will be conducted on the day.

The events would focus on activities and performance of local bodies and create awareness of welfare schemes being implemented for the people. The local bodies would also bring out wall posters & banners on their performance.

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Omshakthy Homes: Santha Towers - Premium Apartments at Parithipattu, near Avadi


Santha Towers is located at Parithipattu, near Avadi, Chennai on a 4.57 acres of plot of land. Every detail is taken care of at Santha Towers, where the strategic location gives you immediate access to everything from Educational Institutions, Shopping Centers, Bus Stand, Railway Station as well as Hospitals and is just a few minutes away from the heart of the Chennai city.

Mr. Ramachanthran,CMD, Omshakthy Homes   said, ''The Santha Towers strategically located on the Poonamallee Avadi high road, just 25 minutes from Anna nagar / Porur / Koyambedu this luxurious, high-end self contained residential development is designed exquisitely to meet international standards of excellence in amenities & features."
Ramachanthran,CMD, Omshakthy Homes 

Premium Apartments..!

Come take your preferred pick from 508 premium apartments that stand majestically on an ornately landscaped site.
Offering a range of choice of single, 2 and 3 bedroom apartments ranging from 510 square feet to 1400 square feet with a price tag ranging from Rs.17 Lakh to Rs. 49 Lakh, will have amenities like Club House, Swimming pool, AC GYM, 80,000 square feet of Commercial Retail Space.

Location..! 
   * 4 kms to Saveetha Dental College & University.
   *  15 Minutes Drive for Koyembedu Terminus.
    *  Just a short 15 Minutes Drive for Annanagar.
    *  11 kms to MGR Engineering College.
    *  15 kms to Anna Nagar Arch.
    *  3 kms to Avadi Railway Station.
     *  3.5 kms to Poonamalle Bye pass.
     *  9 kms to Maduravoyal Junction.


Amenities..!           
 ^ ATM
^ Departmental Store
^ FoodCourt  
^ Pharmacy  
^  Clubhouse
^ Gym            
^  Meditation Hall                
^  SwimmingPool
^  Integerated DTH Service from Major Servies Provider                       
^ Reticulated Gas System (Pipeline Gas Connection)                                                          

About Omshakthy Homes..!

About Omshakthy Agencies (Madras) Private Limited [OSAL]
OSAL is Chennais leading land bank aggregator with allied interests in construction and residential development.

The company has over the years built its reputation through its focus on seamless & turnkey land bank aggregation for industrial projects and residential townships. With a Vision of "Houses for all, across all income status ranging from the lower income to higher income groups" OSAL floated different arms to focus and develop each of the companies desired product lines and OSAL would focus only on Land Procurement / or Aggregation.

Contact..! 
Omshakthy Homes
Omshakthy Agencies (Madras) Private Limited
TS 64 - SIDCO Industrial Estate, 
Ekkaduthangal, Chennai -  600 032
Phone: Head Office : +91 44 2225 3355
Marketing : +91 44 2225 2226
Email: sales@omshakthy.net
Website: www.omshakthy.net

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