Muthoot Finance NCD: Issue to open on March 2, 2012

Gold loan company, Muthoot Finance Ltd, will launch another NCD (Non Convertible Debenture) issue on March 2, 2012.

Mr George Alexander Muthoot, Managing Director, Muthoot Finance Ltd said, ''Our company will look at mobilising Rs. 500 crore primarily from retail investors, including a green shoe option of Rs. 250 crore. The NCDs are to be listed at the BSE (Bombay Stock Exchange)"

This will be 3rd NCD issue by Muthoot Finance Ltd this fiscal, 2011-12
The first one was in August last year (2011) when the company mobilised Rs. 690 crore at a coupon of 12%. Muthoot Finance , through the second NCD issue in January this year (2012), raised Rs. 475 crore at a coupon of 13 to13.25%.
Mr. George Alexander Muthoot, MD

In the second NCD, more than 50% of the money came in the 3 year &  5 year tenor NCDs, which carried a coupon of 13 to13.25%. More than 50% of the investors were retail investors including many from North and Western regions, where the company is not that well known.

Mr Muthoot also said. “We continue to focus on NCDs as we want to have diversified funding and not entirely rely on banks and mutual funds. Not relying on a single source is always better. We need funding as our loan book has grown by Rs. 8,000-9,000 crore this year,”

The third NCD issue will have 4 variants that is 2 years,3 years, 5 years and five and a half years. The company is likely to raise five and a half year money at 13.25%. The actual coupon rates for the NCD issue will be decided on February 29, 2012

Muthoot Finance is going ahead with the proposed NCD at coupon of 13 to 13.25%, despite wide expectations that interest rates will start softening post March.

Real Estate Players Want Industry Status in Budget, 2012-13

India’s property consultants and real estate developers have demanded industry status to the real estate sector in the forthcoming Budget, 2012 - 13.
They have also sought incentives to promote affordable housing segment and  an increase in the income tax exemption on housing loans.

Single window clearance..!

To boost supply, they have also asked for a single window clearance for real estate development projects and FDI (Foreign Direct Investment ) in multi-brand retail to create demand for retail space in shopping malls.

Mr. Anuj Puri, Chairman,Country Head, Jones Lang LaSalle India said, "Grant industry status to real estate, since the sector is a major driver for economic growth and generates countless jobs across its various verticals and associated industries. Relaxing norms for repatriation of FDI in real estate to attract more investment in the sector. One per cent interest rate subsidy provided by the central government for loans towards affordable housing should be "amplified and broadened" to include a wider price band of budget housing to benefit home buyers”
Benefits section 80C..!.
Property consultant DTZ said,’’The ceiling of home loans eligible to priority sector lending should be raised in view of high property rate.Increase in income tax exemption on housing loans to stimulate end user demand, particularly for mid-range housing. Principal repayments should be treated as a separate tax exemption entity and excluded from benefits under section 80C. Deductions towards the total interest payable on the home loan should also be increased from existing cap of Rs 1.5 lakh,”

Now, an individual is entitled to claim both the interest and principal components of home loan repayments for tax benefits. The ceiling under tax benefits is capped at Rs. 1.5 lakh towards the total interest payable on the housing loan and Rs. 1 lakh for principal paid.

CREDAI  (Confederation of Real Estate Developers' Associations of India) requested the government to incentivise  affordable housing segment and address the issue of high land cost and taxation issues.

$ 1,500 Crore Investment: China plans world's largest airport

China is planning to build the world's largest airport at a cost of about $ 1,500 crore. Which will replace America's Hartsfield Jackson Atlanta International Airport as the largest air port in the world.
China is to build a new airport, which is likely to be the world's largest in terms of passenger traffic, to the southeast of the city.

The new airport, yet to be named, is to be located on the border between Beijing and Lang fang, a city in north China's Hebei province located nearly 45 km from Beijing's city centre.

MF Investor Awareness Program, 5th March 2012

Mutual Fund Investor Awareness Program on Monday the 5th March 2012 at Pethachi Auditorium, Mylapore between 5.30 pm to 8.45 pm followed by Dinner.

Mr. V. Ramesh, Deputy CEO of Association of Mutual Funds in India (AMFI) will be the Chief Guest, Mr. T. P. Raman, Managing Director, Sundaram Mutual Fund and Mr. Narayan A K, President Tamilnadu Investor Association will preside over the function.

The Program will start at 5.30 pm and will end at 8.45 pm followed by Dinner. All attendees of the meet will be given Investors awareness material and a wonderful memorable memento at the end of the meeting.

 Register your presence by clicking the link below to enable us to make the arrangements in comfort. Register all the names of the attendees separately (your family members and friends)

Contact : M/s. Aniram,
New No.15, Old No.8, Second Trust Link Street,
Mandavelli, Chennai - 600028.
Off: 24951015 / 24938163 / 42108585 / 4210 0121
Mobile: 9840858585
email: ,

DLF: Special concession for Govt staff

India's largest real estate company DLF Ltd has announced a special concession scheme for government and defence staff purchasing residential units in its projects,
 Discounts 3 to 5%.

According to a press release from the developer, The discounts range from 3 to 5% on residential developments in Jalandhar, Panchkula, New Chandigarh, Bangalore, Chennai, Shimla and Kochi.
DLF is creating 9 premium residential developments across these 7 cities.

From a case to case basis, discount value varies from Rs. 1 lakh to Rs. 20 lakh. The offer is valid only on direct bookings from January 21 to March 15, 2012.
Mr. Mohit Gujral, Vice-Chairman &  Managing Director, DLF India Ltd, said, “This special rebate for the people in the service of the nation is DLF’s tribute to their services. The scheme aims at encouraging end-users to be a part of these ongoing developments.”

The projects on which the scheme is applicable are..!
^  DLF valley Panchkula; Hyde Park Estate, New Chandigarh; Park Place, Jalandhar; Samatara, Shimla; Commanders Court, Chennai; Gardencity, Chennai; Maiden Heights, Bangalore; Riverside, Kochi; New Town Heights, Kochi

Corporate Office
DLF Centre
Sansad Marg, New Delhi- 110001, Tel: +91-11-42102030

Registered OfficeDLF Ltd., DLF Shopping Mall, 3rd Floor
Arjun Marg, DLF City Phase-I Gurgaon-122 002
Tel: +91-124-4334200


Paramount Group: Launches Golfforeste in Greater Noida

Realty company Paramount group has announced the launch of its new project named ‘Golfforeste’ in Greater Noida.
The project is coming up in an area of about 100 acre comprising luxurious villas and fully furnished (optional) studio apartments as well as 2 and 3 BHK flats.

Mr. Mukesh Aggarwal, MD, Paramount group
said, “We have been known in the industry for our service delivery module which is based on 4 basic key elements --cost, quality, innovations & on time delivery of our projects. We will continue to do so for our ‘Golfforeste’ project.”

Mr. Ashwani Prakash, ED, Paramount group said, “About 70 to 75% of our project has already been sold out and we expect to complete the project within the proposed time-frame”

Highlights of  Golfforeste

 # Golfforeste is a Rs. 750 crore project will have about 2,000 villas and 572 studio apartments.

# The project offers a combination of golf, luxury, clubhouse with  5 star amenities and swimming pool.

# The project is likely to be completed by 2014 &  will cost Rs. 3,400 per square feet.

# Golf mart is the proposed commercial centre at Golfforeste catering not only to the township but also to the nearby sectors of Greater Noida.
Mr. Mukesh Aggarwal, MD

# The premise includes restaurant, gymnasium, party halls, business centres, cafeteria, open shops, suites & services studios.

# The USP of studios and suites are surface and basement parking, good ventilated room, generous bedroom with attached dressing room and toilets.

# Patrons will also have access to sky bridge restaurant, gym, aerobic room, conference room, doctor on call, business centre and commercial zone.

Corporate Office : H-123, Sector-63, Noida 201301 (U.P.)

Phone No : 0120 - 4613000, 4276381, 4276386

Tele Fax : 0120 - 4274246
Sales Enquiry:

Mr. Anup (Manager) - Mobile:- +91 - 8826997315

 Ms. Preeti (Manager Marketing) - Mobile:- +91 - 8826997319

 Mr. Saurabh Parashar (Marketing Executive) - Mobile:- +91 - 9212359575

 Mr. Surya dev Tyagi (General Manager-Marsketing) - Mobile:- +91 - 8826997312


Carbon Index : BSE Greenex launched

The Bombay Stock Exchange (BSE) on recently launched first ever live carbon index called BSE - Greenex.
BSE an alliance with gTrade (supported by GIZ promoted by Germany, Observer Research Foundation and IIM Ahmadabad) launched the new initiative, which is designed specifically to promote green investing.

BSE said in a release,  “The BSE - Greenex Index is a veritable first step in creating a credible market based response mechanism in India, whereby both businesses and investors can rely upon purely quantitative and objective performance based signals, to assess “car bon performance,“ .

Top 20 companies from the BSE -100 Index that fit into the category of carbon emissary of carbon emissions, free float capitalisation and market turnover would make into the BSE - Greenex.

Some of the top notable companies that have been at the forefront in recent years to promote green investing mindset and will make into the Greenex Index are HDFC, NTPC, SBI (State Bank of India), Tata Steel, Glaxo Pharma, Tata Motors and L&T among others.

The BSE - Greenex has been into existence for the last 3 years, and taking into account the top 20 companies performance in as many years, the index has met with decent success. In the last 3 years, the BSE - Greenex has gained 32.36% compared with 42% rise in Sensex and 32%  jump in BSE - 100 index.

Budget 2012-2013: Cement makers demand

Ms. Vinita Singhania, MD
Indian cement makers have requested the central government to bring to an end the existing anomaly, where duty on import of inputs is higher than on finished product, in the forthcoming Budget,  2012-2013.

Ms. Vinita Singhania, MD, JK Lakshmi Cement said, "The central government should scrap import duty on coal, pet coke, gypsum & other fuels. The cement industry is heavily dependent on imported coal and pet coke due to short supply of indigenous coal"

Pet-coke & gypsum now attracts 2.5% import duty & coal attracts 5% duty, while there is no duty on cement import.

Raw materials constitute a large part of the total cement manufacturing cost. A good part of their bottomline got eroded in the 3rd quarter of the current fiscal with the surge in the raw material costs.

Meanwhile, excise duty on cement is also higher than other core and infrastructure industries. A major cement firm said the rate should be brought down to about  5% from 10%.

JK Lakshmi Cement said in a statement, ''Cement is one of the core infrastructure industries and has limited manufacturing capacity in view of the expected GDP (Gross Domestic Production) growth and projected demand for cement over the medium to long term. To encourage the industry and bring it at par with other core and infrastructure industries, excise duty rate should be rationalised from 10% to about 5%"

India's cement sector is now besieged with an oversupply situation which is mainly responsible for squeezed margins of the cement makers.

In a report, rating agency FITCH said, "The demand - supply imbalance would reach to its peak in 2012- 13 to 12.58 crore tonne per annum with capacity going up to 39.28 crore tonne.

The Budget session of Parliament is slated to start on March 12.

2012-13 Budget : NAREDCO's wish list

The apex national body for real estate development, National Real Estate Development Council (NAREDCO), has put its recommendations - ‘pre- budget memorandum 2012-13', for inclusion in the Budget 2012 with a series of measure to accelerate housing development in India.

NAREDCO works to create and sustain a business environment conducive to the growth of real estate industry in India in partnership with industry & Government alike through advisory and consultative processes.

Mr. Navin Raheja, President, NAREDCO said, “Urban shortfall is estimated about 2.8 crore housing units, which is likely to further rise with the urbanisation expected to double by the middle of this century. This calls for drastic changes in government policies to attract investment in the housing sector and accelerate supply. The government has to unleash locked land bank that can be use in development of houses for low income groups.”

NAREDCO has put forward following major suggestions:-

^ Increase deduction limit on account of interest payment on home loan from Rs.1.5 lakh to Rs. 3 lakh.

^ It has suggested to increase the deduction limit from 30%, presently available u/s 24(a), to 50% and levy tax only on 50% of the rental income. This is necessary to incentivise people to build / buy houses for renting purposes and, thus, increase rental housing stock.

^ To improve investment, declare housing as ‘infrastructure’ to benefit developers to raise funds at low rate of interest as most countries & World Bank treat housing as infrastructure.

^ Service Tax on residential construction should be withdrawn.

^ Creation of a dedicated affordable housing fund, in line with infrastructure fund, exclusively for developing housing of economic weaker section (EWS) & low income group (LIG)

^ 100% deduction of profits derived from constructing housing units up to 1,200 square feet built up area be allowed. This will go a long way in addressing the housing requirement of LIG and MIG categories.


Generating spam mails: India tops

India, retains its leadership in the list of top spam originating countries in the world with a share of 11.5%.

The first 6  spam hubs in Russian anti-virus solutions firm Kaspersky's latest report for January, 2012 are from Asia and Latin America, followed by Italy and the UK.

Highlights of Kaspersky report..!

^ Financial &  e-payment firms were the worst victims of phishing attacks.

^ Also includes e-pay systems such as universal credit card associations as well as credit institutions, unit trusts and investment companies

* Online stores and e-auctions was the second major group that attracted by hackers most.

* User accounts in many online stores are aligned with their credit cards and contain personal information such as name, email id, address and telephone number

* When making a purchase in a fake online store a user enters his credit card information which then becomes the trophy of the fraudsters.

* No wonder, then, 20% of all anti-phishing component detections fell on phishing attacks targeting different stores and auctions.

* The other happy hunting ground for hackers is social networking sites.

* User accounts on these sites remain attractive for fraudsters as they have great demand on the black market.

* Emails & IMS (Instant Messaging System) accounts too are in great demand as they are very popular in the underground market.

* Users registered on mass media sites too are a target for attacks.

* These accounts may be somehow aligned with social networking accounts that are the real targets of hackers.

* The security solutions firm also noticed a seasonal kind of attack such as taxes.

* Accounts of users registered on government sites too are a target.

* Most of the attacks are launched when tax returns are due to be filed in the US &  the UK. Because the tax organisations in these countries are the phishers' preferred targets among all government agencies.

Spam Mail (%)

India - 11.6
Indonesia 8.1
South Korea 7.7
Brazil 7.6
Peru 3.9
Italy 3.2

Spam By Category (%)

Computer Fraud - 39.2
Personal Finance - 20.5
Education - 12.8
Computer & Internet - 8.6


Edelweiss Tokio Life : Two term plans

Edelweiss Tokio Life has launched two life plans namely, Edelweiss Tokio Life  Protection, Edelweiss Tokio Life Income Replacement.

These are term plans. So the plans only pay death cover or sum assured chosen by you to your beneficiary.
Protection is a simple term plan. In case of death during the term of the policy, the policy will pay the sum assured in lump sum to your beneficiary. On maturity, you get nothing back.

Income Replacement..!
Income Replacement is a tailor made plan which dresses the lump sum payment as monthly income. So, instead of choosing a lump sum death cover, you need to choose monthly payouts.
On death, the beneficiary will receive these monthly payouts till the end of the term or till a minimum of 5 years if the remaining policy term is less than 5 years.

Both term plans give a discount on premium if you choose a higher death cover or sum assured.

Under the Income Replacement plan, the monthly income increase by 5% every year. However, this increase is on a simple interest basis.
For instance, a monthly payout of Rs. 20,000 in year one will become Rs. 21,000 in year two and Rs. 22,000 in year three at 5% simple interest.

Interestingly the monthly payouts in case of death already factor in the 5% increase. For example, if the policyholder dies in the 3rd year, the policy will start on a monthly payout of Rs. 22,000. A 30 year old buying a sum assured of Rs. 50 lakh for 30 years will have to pay Rs. 6,815 as annual premium.

Premium of Income Replacement plan in comparison are cheaper. A quick calculation shows that a monthly income of Rs. 20,000 or a total sum assured of around Rs.1.24 crore (the monthly payout will increase by Rs.1,000 every year on 5% simple interest) is priced at Rs. 8,262 whereas Protection plan is priced at Rs. 14,260.

Income Replacement plan, however, promises monthly income payout only for the remaining years in the term. So if a policyholder, say, dies in the 20th year in the above example, the insurer will have to pay the entire sum assured of Rs. 1.24 crore. Under the Protection plan, the liability would be limited to about Rs. 53 lakh.


Kokilam Foundations: New project in Guduvancheri

Kokilam Foundations, Adithyaa offers an exceptional  living environment at Madambakkam , Guduvancheri.

In around 2,600 square feet  DTCP approved plot facing towards Northern side , Adithyaa is being Constructed  with the necessary planning permission(building plan approval) from the DTCP authorities.

Adithyaa has attractive elevation  and the whole planning has been done with vaasthu priority.

On the ground floor its fully for parking and on the first and second floor 3 flatss are proposed to construct  respectively with balcony.

Highlights of  Project..!

# Covered Car Parking

#  Strong scope for quick appreciation and rental income

#  Clear title and Eligible for  85% Bank Loan on Total Flat Cost.

Site Address :   Plot no.53 , Sri Vignesh Nagar , Madambakkam , Guduvancheri.

Type :  1 & 2 B H K Residential Apartments

No.of Units :  6 flats

No.of  Floors : Stilt plus 2 Floors

Possession : June 2012

Sizes :

F1 & S1 --- 827 Square feet

F2 & S2 ---610 Square feet (1 B H K Flat)

F3 & S3 ---786 Square feet

Landmarks :
2 kms  - Gudavacheri  Railway Gate
2.5 kms – GST road, Guduvancheri  Railway Station & Market
5 kms   - SRM university.
10 Kms - Padappai, Tambaram

Price list:
Flat No          Flat area                           Flat Cost

F1 & S1       827 Square feet                  Rs. 21, 50,000 

F2 & S2       610  Square feet                 Rs. 15,86,000

F3 & S3       786  Square feet                Rs.  20,45, 000

About Kokilam Foundations.!

Kokilam Foundations is a professionally managed Customer-friendly team with vast experience and adequate knowledge in the real estate industry providing solutions to all your real needs. REal price, REal deals and REal commitments have always been the Core of Kokilam Foundations an REliable REaltor.

Kokilam Foundations (P) Ltd.,Door no. 27/12, Crescent Park Street, T.Nagar,
Chennai - 17, Phone: 044 - 45544323


Vasathi Housing: Strengthens its top team

Vasathi Housing Limited, an ISO 9001:2008 certified real estate firm dedicated to be a key player in India’s ‘Affordable Luxury Housing’ segment recently announced the appointments of Mr. Suresh Madabushi & Ms. Rajlakshmi Raghavan as Vice President- Sales and General Manager-Marketing respectively.

These appointments are in line with the wider strategic goals that the company aspires to achieve. Reporting directly to Mr. P.V. Ravindra Kumar, Chairman & CEO, Vasathi Housing Limited, they will be responsible for further stimulating the business growth for Vasathi group.

Mr. Suresh Madabushi ..!
Mr. Suresh Madabushi has nearly 2 decades of experience in managing entire sales operations encompassing planning, marketing, project management and commercial operations.

Prior to joining Vasathi, Mr. Suresh Madabushi was associated with renowned organizations like PBEL Property Development India, Mantri Developers, HBL Nife Power Systems, Shalivahana Power Corporation and MinwoolRockfibres.

Ms. Rajlakshmi Raghavan...!
Ms. Rajlakshmi Raghavan brings over 16 years of diversified experience in wide range of sectors such as advertising, direct marketing, event management, PR, corporate communication and marketing advisory & consulting. Prior to joining Vasathi, Ms. Rajlakshmi Raghavan was associated with renowned organizations like Procter & Gamble, Ajuba Solutions, Eventus India and Result McCann Erickson.

Welcoming Ms. Rajlakshmi and Mr. Suresh, P.V. Ravindra Kumar, Chairman & CEO, Vasathi Housing said, “It gives me immense pleasure to welcome our new VP-Sales and GM-Marketing. I am confident that with their rich experience and insight, they will play key roles in the successful growth of VHL.”

Mr. Suresh Madabushi, said, “I feel extremely privileged to be a part of the Vasathi team especially at such a crucial juncture in the company’s evolution. I am looking forward to share my vast experience and contribute to establish Vasathi as one of the key real estate players in South India.”

Ms. Rajlakshmi Raghavan. said,'' I am delighted to be a part of Vasathi group which is creating strong foothold in the real estate residential market segment. It is an exciting period of expansion and innovation for Vasathi and I look forward to building upon the momentum in the marketplace, and continuing to provide value to our customers” 

About Vasathi:Vasathi Housing Ltd., an ISO 9001:2008 certified company is purpose built to be a dedicated national level player in India’s ‘Affordable Luxury Housing’ residential market segment. Since its inception in mid-2009, Vasathi’s sole focus has been to define and deliver to customers the concept of ‘Affordable Luxury’ in India.

Dedicated to be green compliant, Vasathi is committed to obtaining Leadership in Energy and Environmental Design (LEED) certification for its projects. Vasathi ensures highest quality standards for its customers. In line with this, the company is one of the few players in South India to offer third party quality inspection on random basis by BUREAU VERITAS.

Vasathi’s first project Vasathi Anandi, launched in Hyderabad in October 2010 has received IGBC Gold Precertification. The certification reiterates Vasathi’s commitment towards building sustainable, eco-friendly and green communities. The company incorporates latest designs, competitive layouts and cutting-edge technologies to create energy efficient and environment friendly projects. Each Vasathi project provides a minimum of 50% open space.

Vasathi Navya and Vasathi Avanté are planned for launch in March, 2012. Vasathi plans to launch two additional projects in Yelahanka, Bangalore and in Sholinganallur, Chennai shortly.

 For more information  visit:

 Media Contact:Srinivas Bangaru
Deputy Manager - Corporate Communications
Vasathi Housing Ltd. 8297001228/8978766888

Godrej Properties: New project Palm Grove in in Chembarambakkam

Godrej Properties project “Godrej Palm Grove”  located in Chembarambakkam (Near Poonamalle), a residential gated community.

Godrej Palm Grove is a perfect blend of luxury and space. Leisurely spread across 12.5 acres, it offers 2 B H K and 3 B H K flats with ultra modern amenities and facilities to suit your needs.

In all, there are 14 towers proposed with a maximum of 19 floors in each tower. The project has been pre-certified for 'Gold' rating by IGBC (Indian Green Building Council) and it will be one of the most sought out residential destinations in Chennai.

The flat sizes will tentatively be in the range of 1,188 Square feet to 1,489 Square feet. 

Please visit website  to download  e-brochure.

In Godrej Palm Grove, one can truly experience unsurpassed luxury, with 70% of open space.

Some of the Highlights  in the project are:

^ Double Height Lobby 
^  22,500 Square feet Club House 
^ Swimming Pool
^ Well Equipped Gym
^ Squash Court
^ Tennis Court 
^ Skating Rink 
^ Central Plaza 
^ Telephone / Internet Connection 
^ Intercom Connection 
^ DTH Connection
^ Departmental Store 
^ Reticulated Piped Cooking Gas 
^ Meditation Center 
^ Party Hall 
^ Pharmacy 
^ ATM 
^ Concierge Services :- Home Cleaning, Vegetables / Fruits at doorstep, Chauffeur Services, Party Attendants and much more at a nominal price.  

Towers released for Sale
2 B H K Towers
^ Palm Cove
^ Cirali

3 B H K Towers
^ Kovalam
^ Anjuna
^ Silver Sands

Pricing of units
The Basic Price is Rs. 3,300/- per square feet for 2 B H K &   Rs. 3,400/- per square feet for 3 B H K flats.

Booking  Amount
10% of Sale Consideration
Cheque/Demand Draft should be favoring “  Godrej Sea View Properties Pvt Ltd – A/C Addison  ”

Documents Required
1) Photograph
2) Address Proof Copy
3)  PAN Card Copy
4)  For companies: Memorandum of association and articles of association and certified copy of board resolution.
5)  For Firms: Copy of partnership deed & certified copy of resolution.
6)   For PIO's : Copy of passport / details of bank account / payment only through NRE / FCNRA A/c
7)   For Non Residents: Copy of Passport/ details of bank account/ payment only through NRE/ NRO A/c.

Regional Office Address  :
Godrej Properties Limited,
8  th   Floor, Lancor West Minster Building
No.70, Dr.R.K Salai,
Mylapore, Chennai – 600 004
Land Line: 044 – 4598 5800   
Mobile: +91 89 39 930 930
Landmark: Opposite to Hotel President 

Site Address  :
Godrej Palm Grove
No. 65, Chembarambakkam Village,
Sriperumbudur Taluk,
Thiruvallur District
Tamilnadu – 602 103


Arun Excello Infra : New Project Compact Homes in Oragadam

“Compact Homes” is new concept in housing introduced by Arun Excello group. It is a small format, functional units with efficient design and crisp elevation with no frills attached.

Arun Excello Infra Project Private Limited, after the successful launch of the 3 Projects in the Compact Homes series -   “Behag - I” &  “Behag – II”, at Mahabalipuram and “Mohanam” at Mambakkam, 


Arun Excello Infra Project happy to inform  the launch of 4th on Compact Homes series –“LATHANGI” at Panrutti, Orgadam.

This Project is located a few minutes’ drive from Oragadam Junction on the way to Walajabad.

All the apartments are 2 B H K with sizes ranging from 545 Square feet to 755 Square feet in a Ground plus 3 Floors Structure. The price starts from Rs.10.90 lakhs.

LATHANGI Project Highlights..!

    * Located on a State Highway with good road access &  well connected to the City.
    *  Oragadam is fastest developing suburb, which is also the automobile hub of Chennai.
    *  Very Close Hi-Tech SEZ, in an area of  about 348 acres at Oragadam Industrial Growth Centre and also the upcoming Residential Township Temple Green.
    *  About 75,000 people working in and around Oragadam, good rental Value for your investment.
    *  Optimum design with minimal common space.
    *  Good potable ground water.
    * Clear title.
    *  Good specification and sturdy construction.
    * Close to educational Institutions & social infrastructure for comfortable living.
    *  Gated community.

Contact Mr.
J.S.Jebaraj Charles, Asst Manager - Marketing
Arun Excello Infra Project Private Limited, Bhattad Towers, 18, West Cott Road,
Royapettah, Chennai - 600 014.
Phone: +91 44 28412841
Mobile: +91 9840471878

Home loans for pensioners: CBI & Tata Housing Agreement

State owned Central Bank of India (CBI) on recently signed an agreement with Tata Housing to offer a special home loan product exclusively designed for pensioners.

Mr.R. Sangapure, GM,Central Bank of India said,  “We have signed an agreement with Tata Housing for our newly developed home loan product that will be offered to the pensioners at the upcoming Tata Housing's project at Washim on Mumbai's northern outskirts,“ .

The product namely CentHome Swabhiman Plus, which is yet to be approved by the regulator RBI (Reserve Bank of India), seeks to fund home buyers in the age group of 55 to 70 at a concessional rate.

While loans under Rs. 30 lakh will attract only the bank's prevailing base rate, those above this amount will be available at 0.25% above the base rate.
The bank has scrapped processing fee on loans under this product.

Tata Housing is developing a township at Washim, where one of the projects with 150 flats is being developed for pensioners.

2012 : Will property prices increase in India?

Despite the fact that developers have not registered healthy sales growth in 3rd quarter of 2011-12 thanks to the ever increasing demand, there is a lack of total gloom in the real estate market though it can't be called euphoric.

Nationwide survey..!
A nationwide survey conducted by Mint Money and property portal shows that less than half (Nearly  43%) of those planning to buy an apartment think that prices will increase. Nearly half (50.4%) respondent buyers think the same for plots.

Builders are more hopeful and more than half think that prices will rise. The Mint Money - survey was conducted primarily in ten cities namely
Delhi, Mumbai, Chennai, Kolkata, Bangalore, Pune, Hyderabad, Ahmedabad, Jaipur &  Nagpur.

3,000 Buyers...!
Incorporated responses of about 3,000 prospective buyers, 200 builders and 500 real estate brokers and consultants. While the survey was done across the age group of 18 to 54 years, the maximum respondents were between 25 and 45 years of age.

Developers and promoters are still facing problems such as limited access to construction finance and high input costs due to continued interest rate hikes till 2nd quarter in this financial year. In addition, they have huge debt on their books. Builders have also witnessed poor sales in the 3rd quarter.

Now, the biggest hurdles are high input cost and high debt.
Mr. Pradeep Jain, Chairman, Parsvnath Developers said, “Because of cost pressures, developers have no choice but to increase the property rates in at least some of their prime projects in prime locations and key cities. The prices have already moved up 15 to 20% in the last 9 to10 months. The company is planning to further increase prices in some of its projects"

While developers are under pressure due to the above factors, they hope that the demand will keep pushing prices.

Shortfall  71.26 million houses..!

According to recent estimates from the ministry of housing and urban poverty alleviation, there is a shortfall of 71.26 million houses. In this 47.43 million &  26.53 million houses in rural & urban areas, respectively.

The survey results indicate a rising price scenario in real estate.

Mr. Shridev Sharma, MD, Kamrup Housing Projects (New Delhi- based real estate firm), “Demand will push the prices upwards. Property market moves in phases of lows and highs. What we saw in the last part of 2011 was a low; what we will see in coming quarters will be the high of the market. Despite the fact there is an inventory hold up with many developers the trend for price hikes is gradually setting in. Banks have already started to bring down their rates. In the next 2 to 3 quarters, there will be a visible change in pricing“

The high demand for the affordable and mid income housing is making people anticipate price rise in this segment as well. About half the respondents thought that the prices of affordable housing will rise, but just 41% thought that in the middle income housing segment.

Respondent builders and brokers too agree on this. Builders see both these segments rising.

Among the brokers, almost 52.2% say that the middle income will rise the most while only 32.7% think that affordable will see the second best increase.

Survey Highlights :

What is your outlook in terms of demand for property in 2012?
Demand For New property
Buyers : 45.70%
Builders: 63.40%
Brokers: 49.60%

Src: Mint

Motilal Oswal MF : Gold ETF with physical delivery

FOR the first time Indian retail investors in Gold ETFs (Exchange Traded Fund) will get a chance to take physical delivery.

Motilal Oswal Mutual Fund, which launched its Gold based ETF on recently, will allow investors to take physical delivery in minimum 10 gm bars, a first for Indian markets.

Though a dozen Gold ETFs have been launched so far since 2007, they allow only market participants to take delivery of physical gold, and that too at minimum 1 kg, valued at about Rs. 28 lakh at present prices.

Motilal Oswal MOSt Shares Gold ETF.!

The Motilal Oswal MOSt Shares Gold ETF is an open ended ETF that invests in bullion.

Mr. Nitin Rakesh, CEO, Motilal Oswal Asset Management said, “The redemption of the units in minimum 10 gm gold bars will be done in association with RSBL (RiddiSiddhi Bullions), acting as primary authorised participants and market makers. This is a unique offering as it offers the best of both worlds – investment - cum consumption – in a very cost-effective manner”
The delivery of the physical gold will take T + 5 days where ‘T’ is the transaction day. The redemption of the same gold ETF in cash on
exchanges for investor will take T + 2 days. The physical delivery facility will be available across 22 major cities in India. When you want to redeem units, you will have to approach the fund house, furnish your PAN card details and another identity proof such as driver's licence or voter's ID.

By taking physical delivery of gold bars, investors will be able to buy pure gold much cheaper than available in coins and bar form with banks and jewellers who charge a premium of 5 to 17% above the imported gold price.

Mr. Prithviraj Kothari, MD, RSBL said, “RSBL &  Motilal Oswal has tried to meet the needs of all Indians wanting to have gold in their portfolio, whether as an investment or physically. This product has everything for a consumer – effective pricing, assurance in purity and weight of LBMA (London Bullion Market Association) listed refiner bars and tax efficiency.”

Units of the MOSt Gold Shares will be listed on the NSE & BSE. Investors can buy or sell the units through their trading accounts with their brokers or sub-brokers at the price quoted on stock exchanges.


The New Fund Offer (NFO) will be open for subscription from March 2 till March 16, 2012. The minimum investment amount during the NFO is Rs. 10,000.
The expense ratio would be up to 1.3%

The yellow metal returned 35.59 per cent in the last one year.


As for taxation, there will be none on redemption in the physical format. But if you sell the gold within 3 years, you will be levied a short term capital gains tax in which the gains will be added to income and taxed according to your slab (10% to 30%). And, if it is sold after 3 years, you can index the cost and long-term capital gains tax of  20%. However, if you use it as any other Gold ETF, the tax will be similar to debt instruments.


Top 10 most expensive office markets: No Indian city

According to an annual report by property advisory Cushman &  Wakefield (C & W ), No Indian city figures among the top ten most expensive office space markets for the first time in 6 years. The listing is based on rental rankings.

Mumbai's Nariman Point is the 15th most expensive CBD (Central Business District) office location on the list, dropping 7 spots from its 8 position in the 2011 rankings.
Mr. Ravi Ahuja, Executive director, Cushman and Wakefield, India
said, ''Office rentals in Nariman Point declined by nearly  8% in 2011 owing to higher prices and other factors a trend visible in recent years. The decline of rentals at Nar iman Point follows the strong growth of other micro markets in Mumbai in relation to the CBD and a correction in rentals in prime locations that saw an unprecedented rise in 2007-08"

Highlights of C & W Report .!

^ The Hong Kong retained its top spot followed by London and Tokyo, and Beijing and Sydney entered the top Ten.

^ Asia Pacific recorded the highest regional prime office rental increases in 2011, with rentals across the region rising by an average of 8%. Beijing recorded the highest jump at nearly 75%.

^ Relatively newer office space hubs in Mumbai's suburbs such as the Bandra Kurla Complex (BKC) have seen rentals rising sharply. Rentals at BKC rose to about  Rs. 275 a square feet in December, 2011 from about Rs. 260 a square feet a year earlier, whereas in Nariman Point, office rents fell to Rs. 275 a square feet from Rs. 300 a square feet in the same period, placing both areas in the same bracket.

^ Among other Indian cities, Kolkata saw the sharpest rise in rentals at 24 to 28%, followed by suburban Hyderabad's 18.8% rise. The New Delhi- NCR (National Capital Region) saw only a marginal increase in office rentals. Demand for office space in the region was largely skewed toward information technology SEZs (special economic zones), where rentals rose by nearly  4%.

2012 : Salary increments may fall to 11.9%

According to HR consulting company Aon Hewitt’s annual salary increase survey, employees in India are expected to get an average salary increment of 11.9% this year (2012), compared with a 12.6% hike in 2011.
Organisations across sectors are expected to pay double digit salary increments, ranging 10% to 13.3%.

Mr. Sandeep Chaudhary, practice leader, compensation consulting, Aon Hewitt said, “In 2011, stubbornly high inflation, high interest rates, a slowing global economy and policy paralysis hit economic growth in India. However, in recent weeks, we are seeing encouraging signs on business sentiments. While organisations across industries are keeping a keen eye on the oscillating macro-economic environment, the number reiterates that they are taking a long-term view on talent”

The projected average increase of 11.9% in India is also the highest in the Asia Pacific region, followed by China at 9.5% &  the Philippines at 6.9%.

Among the sectors, pharmaceuticals &  engineering design/services are expected to lead the pack, with an annual average salary increase of 13.3% & 13% respectively. Other sectors that are likely to offer increments above the industry average include infrastructure (12.9%), chemicals (12.6%), engineering/manufacturing (12.4%), fast moving consumer goods and fast moving consumer durables (12.4%) and automotive/vehicle manufacturing (12.4%).

Information technology (IT) is expected to offer the industry average, with ITeS closely behind at 11.8%. Telecom &  financial institutions are projecting the lowest salary increases, with 11% & 10% respectively.


Cee Dee Yes Infra : Launches gated township at OMR, Chennai

Chennai based Cee Dee Yes Infrastructure Development, which had promoted several residential projects as well as IT parks, has recently unveiled its most ambitious self-contained and fully integrated gated residential township project called Chennai Pattinam off Tiruporur on OMR.

Being developed in an area above  54 acres, the township will offer amenities and facilities, that are part of a self-contained township, including a approximately 60% open space for landscaping.

Mr.Devadasa Sundaram, CMD, Cee Dee Yes Infrastructure Development said, “This is the first self contained township in the city and the amenities offered in it are already fully operational. It has been planned in such a way that the residents only need to leave the township to go to their workplace. We have developed Chennai Pattinam in such a way that all the necessities of our residents, including shopping, education, sports and entertainment are taken care of”.

Mr.  Brunth D’Sundar, Executive Director, Cee Dee Yes said, ''Our company has so far developed about 20 lakh square feet of residential space and
another 20 lakh square feet of commercial space and the experience has come handy in developing this expansive township. This township augurs well to
those who plan to reside as well as invest in the project. Investors are also given the attractive option of renting out their apartments as service
apartments on a 3 year lease to gain assured returns on their investment”

Highlights of Chennai Pattinam ..!

# The project will involve an investment of Rs. 625 crore. The township will offer 1,360 premium apartments in the first phase.

# The apartments are designed as 2.B.H.K and 3.B.H.K residential units, and the prices range from Rs 2,400 to Rs 2,500 per sq ft.

#  Plans are also underway to promote a four-screen multiplex.

# Feature of the township is that the apartments will have piped gas connection, the company has tied-up with BPCL Bharat Petroleum Corporation) to provide this.

#  There is a fully functional Cee Dee Yes DAV Public School within the campus for the exclusive use of its residents. With a built up area of one lakh square feet, the school could accommodate up to 1,500 students. The school has facility for classes from pre KG to 12th standard.

# Other features offered in the township include a 32,000 square feet clubhouse, swimming pool, children’s play area, day care centre, a shopping mall with a total built-up area of 56,000 square feet that accommodates a 18,000 square feet super market and other facilities.

#  There is also a guest house with 40 well furnished suites.

Residential projects along expressways: Central Govt may allow

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 & commercial complexes to come up close to the expressway alignment and the first such model could be tried on the Delhi - Jaipur stretch.

However, while central government will acquire the land for construction of expressways &  allied facilities along the stretches, private players will have to get land in the vicinity for real estate projects. Government estimates suggest that construction of expressways would cost between Rs. 40 crore &  Rs. 50 crore per kilometer.

The highways ministry put these proposals before top highway developers at a meeting held recently in the capital to push the greenfield expressway between Delhi & Jaipur. This stretch is likely to be a 230 km expressway and would be completely access controlled.

A similar model is being tried by Uttar Pradesh government in the case of Yamuna expressway connecting Greater Noida with Agra.

The highways ministry had been mulling over the idea to provide access to residential and commercial complexes along the proposed alignment to push economic development in adjacent areas.

The government has approved the construction of 1,000 km expressway under NH Development Programme - VI. These include Vadodara - Mumbai (400 km), Delhi -Meerut (66 km), Kolkata - Dhanbad (277 km) and Bangalore - Chennai (334 km).

In the 12th Five Year Plan (2012-17), the highways ministry plans to construct another 500 km expressway which includes the Delhi - Jaipur stretch.

Out of this 500 km, 200 km expressway would be built using budgetary support and another 300 km on PPP (public private partnership) mode.


Financial Year 2011-12: No Income Tax Returns for Salaries up to Rs. 5 lakh

The CBDT (Central Board of Direct Taxes) has specified that individuals with total income of up to Rs. 5 lakh in a financial year and comprising only incomes under the head ‘salaries' and ‘income from other sources' would be exempt from filing their income-tax returns for assessment year 2012-13 (Financial Year 2011-12).

According to CBDT, ‘Income from other sources' should only be by way of interest from a savings account in a bank, not exceeding Rs. 10,000 .

To get exemption from filing of tax returns, an individual must report his PAN (Permanent Account Number) and the entire income from bank interest to his/her employer, pay the entire tax by way of TDS (Tax deduction at Source), and obtain a certificate of tax deduction in Form No. 16.

Persons receiving salary from more than one employer / having income from sources other than salary / interest income from a savings bank account / having refund claims will not be entitled to the exemption from filing tax returns.

The exemption from filing of tax returns would not be available where notices are issued to the individual for filing of income tax return under certain specified sections.

The CBDT had, in June last year (2011), extended a similar exemption from filing of tax returns for salaried taxpayers with total income of up to Rs. 5 lakh with regard to the financial year 2010-11.


Bank of Baroda: Recruit 600 Probationary Officers

Bank of Baroda has announced recruitment of 600 Probationary Officers in Junior Management Grade Scale I.
The recruitment process of the Bank of Baroda will start from 21 February 2012 & will end on 10 March 2012.

Candidates who have completed their graduation and possess a valid IBPS Score can apply for the post.

The minimum score required to apply in Bank of Baroda is 125 for General / OBC Category candidates & 105 for SC/ ST Category candidates.

Citysquare: New Township on ECR near Mahabalipuram

Real Estate commpany citysquare's new project WATER FRONT which is on ECR near Mahabalipuram WATER FRONT is a 100 acre project located near the IT Coridor and recreation destinations in Chennai with easy axcess and connectivity.
Citysquare's new project WATER FRONT

Close to ANUPURAM TOWN SHIP,MALGUDI VILLA PROJECT,VILLAGE RETREAT CONCEPT HOTEL ETC. It is Gated Community with all basic infrastructure provided.



        Clearly Earmarked Township.

        Honeycombs with Avenue Trees.

        Standard Black Top Roads.

        Street Lights.

        Centralised Overhead Tank with Underground Sump.

        24 Hours Security.

        Parks with intensive Landscaping.

        Children's Play Area (with adequate facilities)

        Location between Backwaters and Bay of Bengal.

        12 Km from Mahabalipuram towards Pondichery

          For more details and site visit please contact +91-8056082386


Home Sales in US : Highest Since 2010

Home sales in the US probably climbed in January, 2012 to the highest level since May 2010.
It adding to evidence the housing market is regaining its footing. Combined purchases of new and old existing houses rose to a 49.7 lakh annual rate from 49.2 lakh in December, 2011.

Claims for jobless benefits held near the lowest level since 2008, bolstering consumer confidence, other reports may show.
A strengthening job market, combined with record affordability driven by the drop in home prices and mortgage rates, will probably keep underpinning demand. Nonetheless, the Federal Reserve &  Obama administration are striving to find ways to lend the industry additional assistance amid concern that mounting foreclosures will continue to hinder the recovery.

Mr. Yelena Shulyatyeva, Economist, BNP Paribas in New York
said, ''Home sales have bottomed, and from here on, we should see a moderate pickup”

Src: Bloomberg

CBI, BoM cut home loan rates, Waive processing fees

According to the RBI's (Reserve Bank of India's) Financial Stability Report released on January 12, the housing loan  growth fell to 2.3% from 10.7% a year ago.

Meanwhile, state run banks Central Bank of India (CBI) &  Bank of Maharashtra (BoM) have announced slashing of interest rates by up to 0.25%, and also waived the processing fees.

BoM has decided to give housing loans under Rs. 25 lakh for a 5 year tenor at the reduced base rate (below which it can't lend) of 10.60% per cent.

CBI has cut home loan rates by up to 0.25%. A home loan of up to 25 years and under Rs. 30 lakh will be available at 10.75%.

Both banks have also announced waiver of processing charges.
While CBI is offering a blanket waiver of processing fees for loans across amounts and tenors till March 31, 2012.  BoM has waived it only for loans under Rs. 25 lakh.

The country's largest bank State Bank of India is also contemplating a cut in interest rates in select home loan categories where demand is slow.


Budget India 2012-13 : Infra expectations

7 infra expectations from Budget 2012-13
By Mr. Vinayak Chatterjee

Coming as it does at the beginning of the 12th Plan, and given the downbeat mood, there is genuine expectation from Budget 2012-13 that there will be far more action-orientation and policy setting than house keeping and populist schemes.

The infrastructure sector is keenly awaiting some energetic “get going” stimuli as it currently battles with the “triple whammy” of depleting order books, broken cash cycles and high debt leverage.

There is a misconception that the Union Budget does not matter for the infrastructure sector. what difference will it make?”  is the cynical view. But that is not true.

Consider this. The infrastructure portion is 15% to 17% of the total Budget. But of the real discretionary portion, that is, Plan Expenditure, the share of infrastructure was 48.5% last year. Equally importantly, the Union Budget provides outlays for about 38% of the Five-Year-Plan targets.

According to the 11th Plan, the India needed Rs. 4.5 lakh crore a year and the Union Budget was able to provide Rs. 1.73 lakh crore of that last year.

What, then, are the key expectations from the forthcoming 2012-13 Budget?

1.  A greater thrust towards increasing intermediation of retail savings into infrastructure debt. A good beginning has been made with private-sector infrastructure - NBFCs & public sector undertakings offering infrastructure-bonds. There is media speculation of enhancement of the exemption limit in infrastructure-bonds for retail investors from the current Rs. 20,000 to levels of Rs 50,000 or even Rs. 1,00,000. Linked to this should be the speeding up of the implementation of the $1,100 Crore national infrastructure debt fund  & revisiting the strict credit rating and associated conditionalities that limit pension and insurance funds from channelling savings towards infrastructure debt.

2: There is merit in considering the annuity model for rapidly developing infrastructure in rural and underdeveloped regions where market-driven PPP (public-private partnership projects) fail. Under annuity, the private sector can be roped in to mobilise capital, undertake construction and operations and maintenance for roads, irrigation et al and be paid an annuity (or rent cheque) for a concession period of, say, 20 years.
The issue here is the build-up of future liabilities of the sovereign to service these annuities. The solution is simple. Deflect conventional budgetary expenditure to a National Infrastructure Annuity Fund. So, instead of spending Rs. 1 lakh crore through a plethora of populist programmes and delivered (if at all) through buckets leaking like sieves, it may be a good idea to transfer Rs. 1 lakh crore from the Consolidated Fund of India to a National Infrastructure Annuity Fund. Annuity projects can, then, be awarded to the extent that the corpus of the fund can support. And, thus, there is no fear of future un-provided liabilities. Simple arithmetic shows that a Rs. 1 lakh crore contribution to the annuity corpus committed every year for the next 10 years can immediately enable concessioning out Rs. 4 lakh crore worth of projects today.

Look at the bang for the buck, the immediacy of the impact, the ring-fencing of future liabilities and, above all, the mood and order-book upliftment for the private sector. And this is a sure-fire way to impact underdeveloped areas too.

3: Now very clearly somebody has to administer this annuity fund. More importantly, that “somebody”  has also to galvanise the resurrection of all stuck infrastructure projects — public, or private, and remove policy logjams. That somebody also has to create a pipeline of projects to meet the 12th-Plan targets. So, one of the biggest “policy” expectations from the Budget is that the government will announce an appropriate body to handle the infrastructure sector holistically.

The big expectation is that a new infrastructure ministry will be announced to handle the huge set of challenges in a concerted and comprehensive manner. An infrastructure ministry with visionary political leadership, effective powers and live-wire officers can, then, be a structured institutional response to what is clearly now an onerous task dumped on the shoulders of the Principal Secretary in the Prime Minister’s Office.

4: The biggest national embarrassment is our power sector. There is no way the Union Budget can choose not to have a point of view on the matter. There are 3 clear stands to be taken:

 Settling the issue of financially and politically bankrupt state-owned distribution companies

A clear, transparent and long-term policy on fuels

The fate of domestic power-equipment manufacturers (private and public) vis-à-vis the clearly unequal playing-fields of China.

These should lift the long-term mood in this sector because it is inconceivable to have healthy sovereign finances in the absence of a healthy power sector.

5: Some housekeeping tasks also need to be effected to clear the clogged pipelines of day to day operations. Chief among them is the widely expected announcements regarding the “definition of infrastructure”. Specifics in section 80 IA (relating to the 10-year Income Tax holiday) require attention like “Greenfield” & “Brownfield”, the treatment of mergers and acquisitions and allowable window to choose the 10-year period. There are a few more issues concerning infrastructure special purpose vehicles like applicability of minimum alternate tax, dividend distribution tax and capital gains for unlisted companies.

6: Land and environment are 2 of the biggest concerns for infrastructure developers right now. Even as the issue of “objectivity” in environment matters is still being sorted out, let us focus on the land matter.

It is necessary for the nation to find a long-term, sustainable, equitable and transparent solution to making land available for economic development. Such a solution has to encompass scientific methods of identifying appropriate land banks, master-planning of activity zones and provisioning of crucial transportation, energy, water and other links.

This is an essential developmental role of the “sovereign” and has to be undertaken in close cooperation between the Centre and states. It is, therefore, proposed that the government consider setting up a NLBC (National Land Bank Corporation) with an initial capitalisation of Rs. 50,000 crore, under an Act of Parliament. As part of the scheme, states are to be encouraged and facilitated to set up their own State Land Bank Corporations in symbiotic relationship with the NLBC.

7:  Recent public controversies regarding lack of transparency and good governance have reiterated the long-standing demand for fresh legislation to create truly independent regulatory authorities for various infrastructure sectors. Draft legislation, adroitly prepared by the Planning Commission, has for long been awaiting political will. An announcement in the Budget to this effect will greatly enhance brand India.

The challenges are enormous, But solutions also exist..!!

Src: BS
About Vinayak Chatterjee..!

Industry veteran Vinayak Chatterjee who is one of the leading proponents of the Public Private Partnership (PPP) model for developing India’s infrastructurestructure is coming up with a latest book titled: Getting it Right.
The book which comes with a subtitle saying ‘India’s Unfolding Infrastructurestructure Agenda’ is a compilation of articles that he has written for one of the leading business newspaper in past 6 years. Those articles have been crafted topic wise in the book which covers the large canvas of India’s infrastructurestructure.


Renergy 2012 Exhibition: Mar 12, 13, 2012 in Chennai

Renergy 2012 Conference will be the Most Powerful Renewable Energy Conference Ever in India

Here's why?

First conference to cover all sectors of renewable energy & clean technology – above ten sectors covered
First conference that will get top energy and renewable energy bureaucrats and decision makers from above ten states, and the centre
First conference that will have an exclusive session for Venture Capital in renewable energy
First conference that will have an exclusive session for foreign trade councils to provide insights on foreign collaborations and joint venture possibilities in renewable energy

Are you...
A renewable energy industry professional?
Financial investor with an interest in investing in renewable energy
Entrepreneur or businessperson with an interest to work in renewable energy?
Professional from any industry keen on understanding business and career prospects in renewable energy?
Scientist or researcher with an interest in renewable energy?
College student or faculty keen to get a better understanding of this important sector?
Government official working in renewable energy or clean technology areas?

If you are any of the above, You must ba at Renergy 2012

Benefits for Conference Attendees

Renergy 2012 will be
Get to know the latest perspectives from experts in solar, wind and biomass
Gain insights into India’s plans in renewable energy sectors
Interact with industry experts and peers for knowledge and business

Above 500 delegates from all over the world will be at the conference. Ensure you are there too

Business Generation - Highly focused on business generation and effective networking

Comprehensive Coverage - First exhibition to cover all sectors of renewable energy and clean technology – Solar, Wind, Biomass, Waste to Energy, Energy Efficiency, Electric Vehicles, Batteries & Power Systems

Government Support - Brings together the support of the government with the power of private participation to provide a truly catalytic platform for businesses

The Tamil Nadu Factor - Tamil Nadu is India's largest contributor to renewable energy, and will continue with further leadership in future. Being present in TN will provide your business the expansion possibilities that the state presents.

Focus on Entire Business Value Chain – Exhibition will comprise companies from the entire business value chain, thus presenting exhibitors the opportunity for productive interactions with other parts of their business value chain

Integration with High Power Conference - Will be seamlessly integrated with the high power conference that will be attended by over 50 business leaders as speakers and over 1500 industry professionals and experts

Financing Community Presence - Significant presence of the financing community as visitors to the exhibition – we are extending special invitations to top firms in banking/investment banking, private equity, venture capital, multilateral financing agencies and foreign government financing agencies.

Networking Possibilities with Foreign Countries - Industry professionals from the trade councils and companies of over 25 countries will be present at the exhibition and conference, enabling your company to get access to business and technical partnership from these countries

Date: March 12 & 13, 2012
Place: Trade Centre, Chennai


Mr. Muthukrishnan
Phone: +91 - 99529 10083

Mr. Shyam
Phone: +91 - 89392 60979

Mr. Narsimhan
Phone: +91 - 98413 48117


Life insurance : Nominee Must

The nominee is the person to whom the insurance claim amounts would be payable, in case anything unfortunate within the purview of the policy conditions happens to you. The policy is usually taken by you to benefit your family,  nominate the persons who will have the welfare of your family in your absence; the usual preferences being spouse & children.

The nomination can be done at the start of the policy, by providing details of the nominee in the proposal form. However, if the nomination is not given at the beginning, it can be done at any time during the term of the policy. This nomination has to be effected by giving a notice in a prescribed form.

You may nominate even minors like your children, in which case you have to name another person who’ll have the welfare of the minor children, as an appointee

Nomination is a right conferred on the life insurance policyholder to appoint a person or persons to receive the policy monies in the event of the policyholder death.

Any policyholder, who is a major (age above 18) and the life insured under a policy, can make a nomination.
A nominee is the person designated by the policyholder to receive the proceeds of an insurance policy, upon the death of the insured.

Any One You can change his/her nomination at any time till the policy maturity date. All need to do is to inform insurance company about the change through the specified form.

Some details are necessary when filling in the proposal form.
They are

1. Full name of the nominee

2. Correct postal address

3. Age and date of birth nominee

4. Relationship between policyholder and the nominee.

While nomination is an authorisation to receive the policy monies in the event of death of the life assured, it does not give the nominee an absolute right over the money received to the exclusion of other legal heirs.
The nomination can be cancelled or revoked at any time during the lifetime of the policyholder at his/her will and pleasure or by a subsequent assignment.

According to provisions contained in Section 39 of the Insurance Act, 1938, there are no restrictions on the policyholder regarding changing his nomination at any point of time, any number of times. The life-assured is free to change or cancel a nomination and make a fresh nomination any number of times during the currency of the policy. Transfer or assignment of a policy automatically cancels a nomination.

Unique features of nomination

*  Nomination in favour of wife and children as a class is not valid. Specific names of the existing wife and children should be mentioned.. So,please don't write only the nomination in favour of wife and children as a class. Give their specific names and particulars existing at that moment.

* If the nominee is a minor, appoint a person who is a major as an appointee giving his full name, age, address and relationship to the nominee. Signatures of appointee as token of consent are necessary on the proposal form.
The appointee will lose his/her status when the nominee will become major. If there is no appointee appointed of the minor nominee, the death benefits will not be paid to local guardians. In this case, death benefits will be paid to the legal heirs of deceased policyholder.

* At times, a minor is named as both nominee and beneficiary. Until the minor turns 18, a guardian nominee needs to safeguard the funds. If the guardian nominee dies, a new name has to be put up to avoid delays. Some insurance companies now offer to hold on to the funds on behalf of the minor. They would offer interest similar to the current rates offered by bank fixed deposits until the child turns 18.

* In life insurance policy, successive nomination facility available. It means that money should be paid to nominee A; failing him, to nominee B; failing whom, to nominee C, etc. Such a nomination is treated in favour of one individual in the order mentioned and is acceptable in law.
In the case of first endorsement of nomination the date of registration of nomination will be the date of receipt of the policy by the servicing office and in case of any other nomination or cancellation or change thereof, the date of receipt of the policy and/or of notice whichever is later, will be the date of registration.

* Any change or cancellation of nomination should be given in writing only by the Life Assured.

* Nomination under Joint life Policy can only be a joint nomination. Nomination in favour of a stranger cannot be made as there is no insurable interest and moral hazard may be involved.

* If there is more than one nominee of a single insurance policy, death benefits will be jointly paid to them or to survivors

* No nomination can be made under a policy financed from HUF funds.

* If nominee dies after death of policyholder but before receiving benefits, then money would be paid to legal heirs.

Role of nominee

* A nomination only bestows right to nominee for receiving all policy benefits after the death of policyholder.

* He/she will have no rights over the assets or death benefits unless that is written in the will of deceased policyholder. It means nominee is the only point of communication for insurance company after the death of policyholder.

* Nominee has no right to sue.

* Before the death of a policyholder, nominee will have no control on the policy.

* If there are creditors of the policyholder, then they will have the first right to claim the policy money after death of policyholder.

* Policyholder reserves rights to change the nominee.

Claim...! Claim...! Claim...!

When insurance companies hand over claim amounts, they insist on giving it to the assigned nominee.

The insurance company will release the payment to the nominee, unless informed of the complexities well in advance. If there is a will, the issue can be resolved, since a will supersedes any other claim.

When an insurance company would intervene and take decisions regarding whom the claim amount should be passed on to. When matters get complicated, wait for the civil courts to give their decision.

If there is no will, the claimant could move an interim order against the company, restraining it from releasing the claim amount. He/ she would then have to obtain a succession certificate from the court, proving the validity of the legal heir. However, this could easily take eight to nine months before one gets the final order.

There is not a will, subject to some conditions, Indian inheritance laws consider the wife, children and parents as legal heir. Each of them can make a claim to the amount.

The absence of a will or succession certificate can make the situation difficult when the nomination remains unchanged. The matter reaches the courts if there are more claimants.

Lastly insure that the nominees name is correctly incorporated in the policy bond.

NFO : ICICI Pru Cap Protection II S7 24 Month Plan

ICICI Prudential Capital Protection Oriented Fund II Series VII 24 Months Plan is a close ended fixed income fund with a partial equity orientation.

This fund is the latest in a series of similar funds, about  45 so far in the last few years, that have the attractive term `capital protection' in their names.

The minimum investment : Rs 5,000

For all investors who are interested in locking in their investment for 24 months, mostly in fixed income, and a little bit in equities, but unable to find matching debt and equity investment options.

NFO (new fund offer) closes on February 27, 2012  The maturity date will fall roughly around the start of March 2014; although, the allotted units will be listed on the BSE, technically, you could buy or sell it.

The scheme information document (SID) states per that it will invest  88 to100% in debt securities and 0 to 12%in equities and equity-related securities.
The fund commits to stay away from securitised debt and real estate debt securities. Like every other fund having `capital protection' in their names, this fund too does not guarantee capital protection. This has been stated in the fund's SID.

The ICICI Prudential Capital Protection Oriented Fund II Series VII 24 Months Plan aims to invest in  AAA-rated debt.


Jamals Enterprises : Lunches two projects in Chennai

Chennai based real estate developer Jamals Enterprises has launched two residential projects “Jamals Luxor” at Kattupakkam &  “Jamals Sana Homes” at Poonamallee.

Highlights of Jamals Luxor..!

# Jamals Luxor is strategically situated right at Kattupakkam junction, close to Poonamallee & Porur.

#  It consists of a wide range of 2  bedroom (950 Sq. ft to 1004 sq. ft)and 3  bedroom (1318 Sq. ft to 1375 sq. ft) apartments, artistically designed.

#  All the 130 apartments (Basement + Stilt +13 Floors)  are infused with modern amenities and high quality specifications. Jamals Luxor comes with modern amenities like Children play area, jogging track, Fitness Centre and Indoor / Outdoor recreational facilities.

#  70% open area

Highlights of Jamals Sana Homes ..!

# Jamals Sana Homes comprising 54, two &  three bed room apartments is located on the Poonamallee high road, next to the Blind School.

#  Flat sizes 940 sq.ft to 1,300 sq.ft

About Jamals..!A partnership company engaged in the business of real estate and flat promotion for two decades.
It was promoted by Mr.S.C.M. Jamaldeen.

Mr.S.C.M.Jamaldeen &  his family are having business interests in iron and steel trade for the past four decades.

The group diversified into the construction / flat promotion business in early 1980s by associating itself with leading architects and engineers of the day and soon started promoting projects of its own. Prior to the formation of Jamals, the promoters were forming separate entities for each project.

Jamal's consolidated their construction business activities under two entities, namely, M/s.Jamals & M/s.Jamals Enterprises Private Limited. The consolidation helped the group to build a name and secure a distinct identity in the field. The group has completed more than 50 projects till date and over the years and acquired an enviable reputation in the market for its quality construction and timely completion of the projects.

Mr.J.C.Shameem Cassim son of Mr.Jamaldeen manages the day-to-day operations of the company under the guidance of his father.

Jamals and Jamals Enterprises Pvt. Ltd.
Mount Chambers, 758, Mount Road,
Chennai - 600 002. Phone : +91 - 44 - 28587497
+91 - 44 - 28588766, +91 - 44 - 42037497
Mobile     : +91 - 98407 87792
E-mail     :
Website :

Interest Subsidy for Housing: Loan amount increased

The central government has increased the loan amount to Rs. 5 lakh for construction of houses in urban areas under the ISHUP (Interest Subsidy for Housing the Urban Poor) scheme.

Based on the recommendations made by an advisory committee set up by Housing and Urban Poverty Alleviation Ministry, it is proposed that the existing scheme of ISHUP be revised with increase in the upper ceiling of the loan for the current Rs. 1 lakh with interest subsidy of percent to Rs.3 lakh for the EWS (Economically Weaker Section) households &  Rs. 5 lakh for the LIG (Lower Income Group) beneficiaries.

SBI Life launches multi-lingual website

Private insurance company SBI Life Insurance has launched multi-lingual website in 9 Indian languages to facilitate communication with customers in the language they are comfortable with.

The website will provide information in Hindi, Tamil, Marathi, Gujarati, Telugu, Malayalam, Bengali, Kannada & Punjabi.

Mr. M. N.Rao, Managing Director and CEO, SBI Life said,  "In line with our customer centric business philosophy, the multi-lingual website has been created to facilitate communication with customers in the language they are most comfortable with. The initiative is aimed at further simplifying customers' understanding about our products and services so as to enable them to make well-informed decisions before investing their hard earned money"

To reach out to rapidly increasing online audience, the company recently strengthened its presence on the online medium.

With India crossing the crucial 10 crore Internet users' mark in December 2011, SBI Life's initiative assumes significance given the fact that a large section of Internet usage would emanate from tier - 2  and tier - 3 cities where web users prefer to browse content in their native language.

The SBI life, which is joint venture between the SBI (State Bank of India) and BNP Paribas Cardif, has a market share of  about 19% cent among private life insurers and a total market share of 5.2%.

Light Show 2012: K-Lite Industries

Chennai based K-Lite Industries is organising a  four day fair, ‘Light Show 2012', showcasing futuristic trends in lighting.

In an area of more than one lakh square feet, above 1,500 lighting fixtures will be show cased.
 Residential / commercial / retail lighting, garden lighting, street lighting, city beautification lighting, environmental / landscape lighting, architectural lighting, sports lighting,  industrial / railway lighting, metro / airport / mines lighting, specialty lighting, LED applications / power saving solutions, are to be on the display.

A grand light show is going 17th to 20th of February 2012 at Chennai. The show is organized at the same venue as before i.e., AIEMA Technology Centre grounds near K-Lite Industries factory. The main aim is to display through a live demonstration, all the recent products and create a vaster customer base. The show is  from 5 PM to 9 PM on each day with some programs at the sidelines of the show.

For more information,
please call   2625 7710 / 4228 1999

Factory / Head Office :
D-10, Ambattur Industrial Estate,
Chennai - 600058, Tamilnadu, India
Tel : +91-44-26257710, 42281950
Fax : +91-44-26257866, 26243500
Website :
E-mail :,

Lighting Design Centre :
K-LITE Lighting Design Centre
28, Khader Nawaz Khan Road, Nungambakkam,
Chennai - 600034, Tamilnadu, India
Tel : +91-44-42144650, 42182266
Fax : +91-44-42068866
E-mail :

Zonal Managers :
Mr.Ashutosh Kumar
D.G.M. Marketing - North
No. 57-A , A-1 Block, Chattarpur Extension, ew Delhi - 110074.
Tel : 011-26963614 Cell : 9868268141, E-mail :

Mr. Deepak Syloopaul
A.G.M. Marketing - North
4/A, Vasant Vihar, Sirhind Road,
(Behind Hemkunt Petrol Pump), Patiala-147004.
Telefax : 0175-2358762 Cell : 9915520374, E-mail :

Mr. Brijesh Rawal
D.G.M. Marketing - Gujarat
No.96, MIG, K.K. Nagar - 2, Opp Shankurda Hall, Ranna Park, Ghatlodiya, Ahmedabad.
Tel : 079-27603265 Cell : 9426210992, E-mail :


Dream Property, Home Loan & Products Expo

Not just an event, it is a vent for Every one’s Dream.
Having been an ardent observer of the building and construction related activities and faithfully highlighting its positive and negative aspects, bringing  out its darker and brighter sides, and
publicizing its failures and victories through 'Our Building & Construction'  English Monthly Magazine for the past  five years, we gained in confidence to  go one step ahead and went on to create a Builders' Directory (Chennai & Tamilnadu Editions),which is the most needed reference guide for all those concerned.
Dream Property, Home Loan & Products Expo

Our Building & Construction

The unanimous acceptance of both periodicals has prompted us to take the ultimate decision -to bring face to face the active players and ardent seekers and provide them a platform to directly interact with each other sans middlemen.

What is so special of this Fair?
The Housing Fair is essentially an informal market for everything about the building and constructions for everyone. The fair will address the housing requirements of both the informal and formal sections of the community. At display will be Ongoing Projects, Home loans, a range of Building products and etc..., all under one gigantic roof.
The Fair will also provide the best opportunity to pick up new ideas from a Panel of Experts from different segments of the industry, who will be at your service during the event.

Why this fair?
To demonstrate projects, answer questions, overcome objections and meet your market face-to-face To harness all five senses to drive home your messages Exhibitions: are the perfect retail locations where the walk-by traffic is numbered in thousands; a unique place to sell your product very informally within a limited time; bring you the most prospective customers and provide the opportunity to sell directly or expand your database. At the same time, virtually improves you marketing goals like
Building up Brand Image
 Across-the-counter sales
Feeling the pulse of the market
Generate media coverage
Launch new products
Entertain prospective customers
Collect high quality leads
Educate prospects

Where is this Fair?
Nowadays Chennai is expanding in a big way and Greater Chennai is evolving. As a result and as a part of Greater Chennai, the suburbs are being largely developed as alternative or rather ultimate dwelling areas.
 In such a situation, up to Chengalpattu in the south, beyond Gummudipoondi in the north, near Mahabalipuram in the east and specifically beyond Ambattur and upto Thiruvallur and Kanchipuram in the west, all of Chennai are growing like anything. To take advantage of this trend and to enlighten the scenario, we have chosen HPM Paradise Mahal (A/C) as the venue.

The venue, lying on the MTH Road Near Telephone Exchange at  Ambattur,  lakhs of peoples cross this venue every day, looks to be apt and is strategically located, accessible from any part of the city, and at the same time, the suburbs also.

Who Can Participate?
Builders, Real Estate Developers, Home Loan Providers, Interior & Exterior, etc.

Time Schedule
Expo Time: 10 AM to 8.00 PM
Stall Occupancy: 23th March 7 PM
Stall Vacation: 9.00PM on 25th Mar 2012

What is the Stall Size?4x2, 3x3, 3x2, 2x2 (in Square Meter)
(A/C Hall , Non A/C Hall)

What is the Charge?
A/C Hall   `. 4000/- Per Square Meter.
Non A/C   `. 3000/- Per Square Meter
+ 10.3% Service Tax Applicable. 

What does this cost?
Not a pie more than what it would otherwise cost by way of middlemen or agency commission.

When is this fair?
24th - 25th March 2012

Facility to the Exhibitors:1.    Fascia with Exhibitor's Name
2.    Two Tube Lights
3.    1 Table & 2 Plastic Chairs
4.    Exhibitor Pass 2nos
5.    Visitors Register
6.    Five Amps Power Point
# Additional facilities will be charged

Whom to contact for further details?
B&C Publications,
No.2/431, Behind JJ Nagar Police Station,  Mogappair East, Chennai-600 037.
Ph: +91-44-6454 3377 Mobile: 98410 76576

Date: 24th March 2012 & 25 th March 2012
(Saturday & Sunday)

Venue:HPM Paradise Mahal (A/C)
Near Telephone Exchange,
Ambattur, Chennai-600058.

Flat Promoters Association
- Ambattur  &  Avadi

Our Building & Construction