Property & Wealth Nov 2012

News Desk 13

Hot Spots 17

FDI in Multi-Brand Retail - The Gateway Finally Opens 28

UT Administration Hikes Collector Rates 30

Should You Buy A Ready Possession Or Under Construction Flat? 34

Using Residential Property for Commercial Activity 36

Can we, for a moment, imagine the

process of economic development in

our country to be one giant pinwheel?

A well-oiled, vibrant cycle of progress

set perpetually in motion. A wheel of

action, invoked by the faith of millions

in this country who remain � rm believers

in its inevitable return to past glory.

13

08contents October 2012

PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 0204

property wise

PINWHEEL RESTART The Prime Minister’s New Promise

COVER STORY

searchbutton 38

10 Business Ideas for a

Shoestring Budget 40

quotemagic 42

36prosperity search The Better CEO 44

eyecatchers 47

3 Ways to Work on Your Willpower 48

planetsavers 50

bookshelf 52

The Buddhas That Laugh 54

softcorner 56

Publisher & Editor-in-ChiefJasmeet [email protected]

Editor Pankaj Sharma [email protected]

Feature Writers Satpal Kataria, K.Singh, Rupinder PD, Sheetal Singh

Art Director Rajesh Kumar

Graphics TeamGagan, Sanju

Advertisement & SalesSandeep Kapoor (M) 9818510511 [email protected]

Sales & SubscriptionMr. Ajay Gupta(M) 9216841278

Photography Rohit Bhatia

Pre Press Team: NBC, GopalProduction Team: Upinder, Vikas, Vijay

Advisory BoardHarpreet Pooja & Associates Architects Rajiv Gupta & Associates Chartered Accountant Vikas Chatrath, Advocate

Printed & Published by Sh. Jasmeet Singh at Plot No. 437-A, Industrial Area Phase-2, Chandigarh.Owned by Sh. Jasmeet Singh,220, Sector 19-A, Chandigarh & Printed at Savitar Press, Plot No. 820, Ind. Area Ph-2, Chandigarh.

CONTRIBUTORS AND ASSOCIATES

contentsOctober 2012

05PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02

editorial

about this issue

“If we have to go down, let us go down � ghting.” PM

Manmohan Singh’s bitter-sweet call to action, beckoning

(willing) members of UPA2 coalition to go ahead with

important economic reforms in the face of stiff resistance

from almost all quarters.

Widely expected to stand down in the forthcoming General

Elections in the summer of 2014, our Prime Minister for

the last eight years has set the ball rolling for a hard look

at the state of economic affairs in the country. The man

who lit the fuse for India’s rapid growth in 1990’s, a testing

period when the economy was in the doldrums, just swept

political inhibitions aside to press the reforms button yet

again.

It was no less than a quirk of fate that Dr Manmohan Singh

became the PM of India. He didn’t seek the PM’s seat.

It sought him out. And he hasn’t been very successful.

Unfortunately for India, our learned Prime Minister has

spent the better part of the past eight years with corruption

charges ringing in his ears. He’s sat through countless

Parliament sessions while members chronically debated

what went wrong with everything and less about what

good work could be done. He listened a lot but spoke

very little.

But one � ne day, what do we see? The premier appears

on TV and addresses the nation. He explains at length

the government’s reasons to roll out some not-so-popular

economic reforms. He makes an emotional appeal for

public support and makes a solemn promise and I quote

“I promise you that I will do everything necessary to

put our country back on the path of high and inclusive

growth.” Was it the damning Time Magazine Cover Story

or the Washington Post’s instigating article that did it? But

then, how does that matter?

The PM is Back!

Jasmeet Dhamija Editor-in-Chief

With the UPA government pushing the restart reforms

button in a testing economic scenario in the country, there’s

a lot going through our minds. The PM’s address to the

nation (as seen on television) regarding the government’s

new campaign was full of elaborate justi� cations, an appeal

and a promise. Pinwheel Restart is an unusual Cover Story

which takes the die-hard optimist’s view of the situation.

FDI is the hottest topic these days and Pankaj Renjhen’s

article on FDI in Multi-Brand Retail studies the impact

which the recent decisions taken by the government

is likely to make on retail in India. The collector rates in

Chandigarh have just been revised. You can see both

former and current rates of locations of your interest in the

table given inside.

The latter part of Property & Wealth bears an encouraging

new look in keeping with the prosperity theme. In a special

tribute to Steve Jobs on his � rst death anniversary, we

present to our readers an article on Guy Kawasaki’s list

of top 12 lessons he learned from the giant innovator.

Willpower is man’s biggest strength and surprisingly, we

don’t pay too much attention to this phenomenon. Or is it

a muscle? Find out in the story inside. Also in prosperity

search, Meet the Buddhas That Laugh is a � rst-time article

on feng shui, which brie� y touches upon what this most

popular symbol is all about.

Pankaj SharmaEditor

06 PROPERTY & WEALTH VOL 2, OCTOBER 2012, ISSUE 02

Cover Story

08

THE PRIME MINISTER’S NEW PROMISE

Keeping a tidy watch of the economic situation of a country is de� nitely a far more complex job than what a child has to do with a pinwheel. But in many ways, the act is similar.

Pinwheel Restart

We’ve all seen a pinwheel! A childhood

symbol, it’s a toy consisting of vanes

of coloured paper or plastic, pinned

to a stick. It starts spinning when it is

pointed into the wind. You don’t have

to be very observant to have spotted a few in the hands of

the young ones playing in your street or running around

in the park nearby. Or maybe you’ve even made a few

of them for kids at home. Interestingly, few people know

that this simple, old-fashioned item also has a special

symbolic meaning viz. “to turn one’s luck around”.

Can we, for a moment, imagine the process of economic

development in our country to be one giant pinwheel?

A well-oiled, vibrant cycle of progress set perpetually in

motion. A wheel of action, invoked by the faith of millions

in this country who remain � rm believers in its inevitable

return to past glory. People who’ve always known in their

hearts that despite its trials and tribulations, setbacks or

failures, India is going to make it; and soon.

This giant pinwheel is run and monitored by people we

choose and empower. And they’re entrusted with a very

important task. To keep manoeuvring this pinwheel in

accordance with wind conditions viz. dynamic economic

conditions at the local and global level. When the wind

starts blowing in a different direction and the pinwheel’s

motion is impeded, that’s where the dexterity of the

chosen few is put to

the test. People who’re

in charge of critical

responsibilities such as

handling the economic

health of a country are

expected to be the best

we can choose. And in

the challenging global

economic scenario, the

stakes are inexcusably

high.

The economy pinwheel cannot stop since the progress of

the country depends on its motion. It thus follows that the

common man who is watching its movement, albeit from

a distance; is also aware of important developments. In

case he notices that the pinwheel has stopped or barely

moves, he has a right to understand what’s going on and

try to do something about it. People who always remain

in ‘complaint mode’ aren’t of much help to their country

or themselves. Keeping a tidy watch of the economic

situation of a country is de� nitely a far more complex

job than what a child has to do with a pinwheel. But in

many ways, the act is similar. Both the pinwheel and the

economy must keep moving. Give a child a pinwheel and

he’ll do everything to make it move. Give a good leader

some work and he does not disappoint.


09

Bogged by one corruption issue after the other in its

consecutive second term, the UPA coalition had all but

abandoned the road to economic progress. Paradoxically,

with a renowned economist at the helm of affairs, the

government seemed de� cient of ideas in economic

governance. Our imaginary pinwheel was stuck. The

common man’s struggle with rising prices continued

unabated (it still does). Corruption stories of astronomical

sums hijacked the headlines almost every day and the

general mood in the country was dour to say the least.

A prominent social activist put together a team to � ght

corruption in the country. At his call, thousands took to the

streets and there were protests and dharnas everywhere.

The Jan Lokpal Bill came into view. The activists tried

hard to present their case but the ‘system’ proved too

much for them. The self-proclaimed representatives of

the aam aadmi and the people he had chosen to power

were locked in debate over an unending debate. Days,

weeks and then months of work were lost to protests

and stalled parliamentary proceedings. There was no

constructive outcome. But that is again, a different story.

Reform Restart

For many people like me, Friday the 21st of September

was a day full of surprises. The biggest partner in PM

Manmohan Singh’s coalition, the Trinamool Congress

formally withdrew its support. The recently announced

‘big-ticket’ economic reforms failed to impress their

leader Mamata Banerjee. Six ministers and 19 MPs of

the Trinamool Congress pulled out of UPA 2, reducing the

Can we, for a moment, imagine the process of economic development in our country to be one giant pinwheel?


coalition to a minority government.

News of a different hue came in

later, about Mulayam Singh Yadav

ending days of suspense by

con� rming his continued external

support to the coalition. The

Samajwadi Party chief, though,

expressed his unhappiness with

the new retail reforms. His reason

for continued support? “To keep

communal forces at bay!” A day

earlier, the Opposition had held

a nationwide protest over the

reforms, slamming them as anti-

poor.

The new government agenda had

sparked nationwide protests but it

seemed to have cheered investors.

The government’s bold message

read “no room for any rollback of

the reforms process” and that sent

market sentiments soaring. The

later part of the day saw Sensex

as well as Nifty hitting 14-month

highs. While the 30-share BSE

Sensex soared 404 points to end

the day at 18,752.83 (up 2.20%),

the broader 50-stock NSE Nifty

jumped 137 points to close at

5,691.15 (up 2.46%).

Breaking his Silence

In a ‘rare’ appearance he made on

television that day, the Prime Minister addressed the

nation and he seemed to have lots to say. It was a special

speech. In context, as well as by content. One, it was very

well crafted, the PM held our attention from start to � nish.

Two, his honesty shone through. Perceptions can vary

but if you’re aware of the man’s long history of contribution

to the Indian economy, you cannot doubt his intelligence

and foresight. And if you’re somebody who can resist

raising � ngers unless the ‘suspect’ is proven guilty, you

cannot doubt his integrity. Yes there are serious charges

of corruption this government faces. But as we’ve seen

time and again, law does catch up in the end. There was

no reason why the A Rajas and Suresh Kalmadis should

escape the clutches of law and they haven’t been able to.

And there’s no reason why, eventually, others like them

could escape.

Over the past few months, we’ve seen an increasing

number of condemnable ‘works of art’ featuring the

Prime Minister on facebook. It’s so easy nowadays to

put together a picture and a few lines for your friends to

see, enjoy and ‘share’. Sometimes, though, the story-

teller goes too far and the negative connotations in his

story leave a bad taste in the mouth. This could be some

people’s idea of fun but negative content like this is better

Dr. Manmohan Singh - Hon’ble Prime Minister, India


avoided. Watching contorted images of a soft-spoken,

septuagenarian scholar with a couple of defamatory lines

isn’t witty, it’s deplorable stuff. Even the recent “paise

pedon par nahin ugte” (money doesn’t grow on trees)

remark in his speech was up for grabs. It sent a lot of

people scurrying to their computers to practice their art.

The Prime Minister seems to have taken all things in his

stride. The overwhelming criticism and the brickbats

hurled at him for being too ‘silent’ on key issues. People

even debate whether he is as accomplished an economist

as he is made out to be. But there is one proven feature

this remarkable person does have. He’s got the knack of

delivering surprises. India’s unelected, yet third longest

serving PM just turned 80. With his popularity a thing of

the past and the odds heavily against him, he could have

considered hung his boots and said goodbye to it all. But

he does the opposite. The last time he did something

unique was when he survived the political turmoil created

during the Indo-US nuclear deal. It wasn’t an easy situation

then. It isn’t an easy one now. And that’s why he’s picked

himself up again and promised the nation that he would

do “everything necessary to put our country back on the

path of high and inclusive growth.” The pinwheel is now

in his hands.


INCREASE IN DIESEL PRICES

• “As far as the hike in diesel prices is concerned,

I’m personally for it. I believe that all petroleum prices

should be at their scarcity value because otherwise we

are subsidizing our import dependence. In a country

where 75 pc of oil is being imported, there is no need to

go on subsidizing that, we are worsening the situation for

tomorrow in that case.”

• “Second is that the de� cits have become unmanageable.

They’ve become unmanageable because of this

government. It disobeyed the deception of the � scal

responsibility legislation and the Prime Minister presided

over these de� cit budgets. Now the fact is that today

with a de� cit of about 8.2 pc to 9 pc of the GDP, it is

not sustainable. And you look at the budget � gure, in the

budget it is provided that petroleum subsidies will be Rs

43,580 crore. They’re running at a level of Rs 1,70,000

crore. How can we manage this?”

• “So, I’m all for an increase in petroleum prices and

it is only when they are increased, and this is the third

reason, that then alternate sources of energy like solar

power, wind power from biogas, from urban gas, these will

become viable.”

FDI IN RETAIL

• “FDI in retail is neither here nor there, these international

companies are not going to come, even if they do, our

small shops are going to beat them, they’ve beaten these

big companies that came into retail.”

ARUN SHOURIE’S DOUSER ON ‘BURNING’ TOPICS

Senior BJP leader and former minister in Atal Bihari Vajpayee’s cabinet Arun Shourie

newsdeskREAL ESTATE & INFRASTRUCTURE NEWS

14

regional

People having leasehold commercial

property in Chandigarh will have

to shell out 12.36% p.a. service

tax, recoverable w.e.f. year 2007.

Affected businessmen claim that

they are already paying heavy lease

money and the administration is

burdening them further.

Former Delhi Metro chief E

Sreedharan has slammed the Union

Urban Development Ministry’s

planned monorail project in the

Capital, describing the proposal

“un� t” for the metropolis. According

to him, while the carrying capacity

of the monorail network will be just

a third of that of Delhi Metro, its

operating costs will be at least 50%

higher.

As a special energy conservation

initiative, Delhi government will soon

ensure that the roof and exterior

walls of all its buildings would be

painted in white to cut down energy

consumption. White roofs keep

buildings cool by absorption of less

heat.

CII Chandigarh Fair 2012 Venue: Parade GroundDate: 07 Nov to 11 Nov 2012

Real Estate Banking & Finance Expo Venue: Gurgaon Leisure Valley GroundDate: 14 Dec to 16 Dec 2012

Service Tax

Monorail

forthcoming events

Chandigarh

Ace designer Manish Arora has

tied up with real estate � rm AMR

Group. Famous for his colourful and

quirky apparels in the Indian and

international fashion world, he will

be putting his style into designing

The Royal Heights, AMR Group’s

forthcoming presidential suites and

luxury residential project, soon to

open at Tech Zone.

Manish Arora Noida

Delhi

Govt Buildings Delhi

Fire NOCs

Canal Water

Building bylaws

Gurgaon

Gurgaon

Chandigarh

The local court in Gurgaon has

imposed a penalty of Rs 5,000 on

eight highrise building owners for

failing to get their � re no objection

HUDA is planning to provide canal

water to builders for construction

purposes. After the Punjab and

Haryana High Court ban on the use

of underground water by builders

in Gurgaon, HUDA had decided to

provide treated water for construction

and according to estimates, this is

saving 2 lakh litres of underground

water every day.

People residing in the Chandigarh

Housing Board houses and

rehabilitation colonies will bene� t

from changes being made in building

bylaws so that need-based changes

within the premises could be allowed.

Residents had been demanding

amendment in the bylaws so as to

regularise need-based changes.

Gurgaon Chandigarh

newsdesk

certi� cate (NOC) from the Municipal

Corporation of Gurgaon. The court

has also issued bailable warrant,

summons and notices to 51 other

highrise owners.


national

15

According to a recent survey by global

real estate services � rm Jones Lang

LaSalle, residential property capital

values in Bangalore have increased

by 25% since the trough in mid-2009.

There are approximately 1100 super

luxury home units in various stages

of planning and construction price-

tagged at Rs 5 crore in Bangalore.

Covai Senior Care Constructions,

a real estate � rm focusing on

constructing dwellings for retired

senior citizens in South India expects

to complete projects worth Rs 500

cr in coming three years. The

company is currently doing projects

in Bangalore, Chennai, Puducherry

and Coimbatore.

MCHI-CREDAI Property 2012 Venue: MMRDA GroundsDate: 01 Nov to 04 Nov 2012

APREDA Property Show 2012 Venue: Hitex Fair GroundsDate: 10 Nov to 11 Nov 2012

Luxury Home Market

Retirement Villas

forthcoming events

Bangalore

The Jagannath Temple Administration

in Puri would foray into real estate

trade in order to generate more

revenue for the 12th century shrine.

The Managing Committee of the

state-run temple administration

has decided to sell huge patches of

vacant lands at Jatni, nearly 22 km

from Bhubaneswar. The maiden

venture is expected to generate

nearly Rs 500 cr.

Andhra Pradesh government has

approved the new ‘Land Allotment

Policy-2011’ that is expected to put

an end to indiscriminate allocation of

land. The new policy was framed due

to the occurrence of land scandals

during the tenure of former Chief

Minister YS Rajasekhara Reddy.

Jagannath Temple

Land Allotment Policy

Orissa

Andhra Pradesh

Chennai

An enclave of � ve quaint buildings

at Tardeo, housing tenants from

the Parsi community for more than

a century has won a prestigious

heritage tag for its conservation

efforts. Sethna buildings on Wadia

Street , painstakingly restored

over the last few years, have been

conferred the UNESCO Award of

Distinction for 2012.

UNESCO Award Mumbai

HyderabadMumbai

The West Bengal Pollution Control

Board has issued closure notices to

18 errant industrial houses in and

around the city for � outing pollution

control norms. The units were

polluting the surroundings by emitting

obnoxious smells and harmful gases.

Authorities took notice of these

factories after receiving complaints

from locals.

Closure Notice Kolkata

newsdesk


16

international

According to latest research by the

Bank of Scotland, the cost of buying

a home in Scotland is now over 7%

lower than renting. The average

monthly costs associated with buying

a 3-bedroom house stood at £505 in

June 2012, some 7.4% or £40 lower

than the typical monthly rent of £545

paid on the same type of property.

Many Russian investors are buying

homes in Eurozone countries where

All 542 units released for sale off-

plan at the The Address The BVLD

serviced residences were sold out

on the � rst day of sales. Customers

queued up to two days in advance

to place an order at the Emaar Sales

Centre in Downtown Dubai. The

The Olympic Games have had an

adverse effect on UK’s beleaguered

property market. According to online

real estate portal Rightmove, property

prices fell between August and

September in England and Wales.

Owners of property valued over Dh1

million and having no mortgage on

it can approach Dubai Land Deptt.

for obtaining a two-year residency

visa in Dubai. As per the process,

the property owner � rst applies for

a trade license for a fee of Dh2,000

per year. After he gets the license,

he approaches the Immigration

counters in the Land Deptt. and

applies for investor visa.

Pattaya in Thailand has long been a

major tourist destination in Asia and

is now emerging as a budding real

estate development site. Located on

the east coast of the Gulf of Thailand,

Pattaya is about 165 kms southeast

of Bangkok.

Times India Property Expo 2012 Venue: Grand Seasons HotelDate: 03 Nov to 04 Nov 2012

Smart Investment & International Property Expo 2012 Venue: Hong Kong Convention & Exhibition CentreDate: 24 Nov to 25 Nov 2012

Rent is Cheaper

Vacation Homes

Emaar BLVD

Olympic Games

Real Estate Investor Visa

forthcoming events

Scotland

Russia

Dubai

London

Dubai

Pattaya Market Thailand

Hong Kong Kuala Lumpur

newsdesk

real estate prices have dipped sharply.

The favourite hunting ground is

Bulgaria. According to the country’s

Ministry of Justice, about 3,40,000

Russian people have already bought

property in their country.

Address The BLVD will have 200 hotel

rooms and 542 serviced residences

including studios, one, two, three and

four-bedroom units. Prices ranged

from AED1.1m (US$299,500) for a

studio to over AED6m (US$1.6m) for

a 4-bedroom unit.


hot spotsCHANDIGARH CAPITAL REGION PROJECTS

1. Zirakpur R Zone 1

2. Zirakpur R Zone 2

3. Mullanpur - New Chandigarh

4. Kansal

5. Aerocity

6. Mixed Land Use & Industrial Sectors 82, 66, 66A

7. Landran - Banur Road (Right Side)

8. Landran - Banur Road (Left Side)

9. Kharar Landran - Road

10. Balongi - Kharar Road

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Hot Spot

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108

HOT SPOT IN FOCUS

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


Location: Sector 66A MohaliHighlights: Read to possess plots

with all infrastructure in place. Also

offering builtup industrial Plots.

Options: 500 sq yards or more for

Industrial Plots, 250 sq yds built

up industrial plot with or without

basement.

Janta Industrial

BudgetPlanner

BudgetPlanner

in lakh

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

DISCLAIMER: Features, information & Budget Planner given above are indicative only. Please contact respective builder for more speci� c & accurate information. Property & Wealth is not responsible for any decisions taken through use of above information.

Possession in November 2012

Location: JLPL Eco City, Sector 66B, MohaliHighlights: Gated complex secured with a multi-tiered security system, Jogging track & landscaped lawns, Club house,Swimming Pool.Options: 4 BHK 3500 Sq. Ft.

Signatore Towers

BudgetPlanner

BudgetPlanner

in lakh

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

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

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

Janta Twin Towers

BudgetPlanner

BudgetPlanner

in lakh

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

Zigma Wealth: 8146992437

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


21


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

Yellowstone Landmark Info City

BudgetPlanner

BudgetPlanner

in lakh

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

Ready to move in

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

Bestech Square Sector 66 Mohali

BudgetPlanner

BudgetPlanner

in lakh

Location: Sector 66-A, Near International Airport, MohaliHighlights: Excellent Location on 200’ Airport Express Highway with 17 ACRES of Lush Green ParkOptions: 3BHK (2480 SqFt), 4BHK (3007 SqFt) Flats.@ INR 3,790/- per sqft.

JLPL Falcon View

BudgetPlanner

BudgetPlanner

in lakh

MaKaan Search 8437002002, 9872588555

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

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


22

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


23



HOT SPOT IN FOCUS - LANDRAN - BANUR ROAD (RIGHT SIDE)


Location: Sector 110, Mohali

(Banur Landran Highway), Sec

110, Mohali

Highlights: Internationally Planned

Residential Complex with all Ultra

Modern Amenities (85% Green

Elevated Park & Clubhouse).

Options: 3BHK, 4BHK Flats , INR

2800 Per SqFt only.

Sandwoods Opulencia

BudgetPlanner

BudgetPlanner

in lakh


Location: Sector 110-111, MohaliHighlights: 150 Acres TDI City-II is coming up with a club having world class amenities.Options: Residential plots, independent � oors, commercial SCO’s, built up showrooms

TDI City Mohali II

BudgetPlanner

BudgetPlanner

in lakh


Location: Sector 104, Pearl City, Mohali (PB)Highlights: Coupled with world-class facilities like the swimming pool, clubhouse, gym and the myriad parks and orchardsOptions: 3 BHK 1695 Sq. Ft & 3 BHK Servant Room apartments from 1770 Sq. Ft. to 1806 Sq. Ft.

Ansals Tulip & Carnation

BudgetPlanner

BudgetPlanner

in lakh

Location: Sector 108, 109 Mohali near Chandigarh.Highlights: Most Premium Township of Mohali with Flats, Plots, Villas, Commercial. Options: Plots Sizes 280 SqYd, 300 SqYd15,000/- per SqYd.

Emaar MGF Plots in Mohali

BudgetPlanner

BudgetPlanner

in lakh

Location: Sector 110, MohaliHighlights: Existing inhabitants in the same location, PCA stadium – 7 kms, Quark & Dell – 4 kmsOptions: Aprtments, 2bhk 1050 sq ft. @ 25 lacs

Acme Floors

BudgetPlanner

BudgetPlanner

in lakh

Location: Sector 115, Kharar-Landran Highway, Greater Mohali near ChandigarhHighlights: PAY JUST 20% NOW and NO EMI TILL POSSESSION Options: 1BHK, 2BHK, 3BHK Multistoreyed Flats.starting @ Rs. 16 Lacs

WWICS Imperial Heights

BudgetPlanner

BudgetPlanner

in lakh



0 10 20 30 40 50 60 70 80 90 100 150 >2000 10 20 30 40 50 60 70 80 90 100 150 >200

0 10 20 30 40 50 60 70 80 90 100 150 >2000 10 20 30 40 50 60 70 80 90 100 150 >200

0 10 20 30 40 50 60 70 80 90 100 150 >2000 10 20 30 40 50 60 70 80 90 100 150 >200


WEEKEND/HOLIDAY HOMES

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

Amravati Hills

BudgetPlanner

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in lakh

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

Location: Kasauli Hills at 5000 feet, nearly 15kms from Kasauli amidst pristine environment.Highlights:Each Villa & Apartment providing a panoramic view of Mountains. Landscaped Gardens, Swimming Pool & Gym. International 5 star Hotel Options: Villas and Apartments

DLF Samavana

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in lakh

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

Location: Dagshai HillsHighlights: Situated at height of 5500 sq feet. its un spoilt nature at its best with Villas, plots, 5 star resorts.Options: Luxurious independent villas, residential plots

Pine Wood Resorts

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in lakh

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

Location: Dharampur Sapatu Road 2 kms from Hotel Victoria IntercontinentalHighlights: Panoramic View of the valley. Non Himachalis can buy in their own name. Specially imported pre fabricated apartments.Options: 1BHK/2BHK on 400 sq yard Plot

Hill Farms

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in lakh

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

Location: Kais Village, KulluHighlights: First of its kind group housing in HP, Unique terraced landscaping all around.Options: Exclusive low rise designer apartments and Luxurious villas

Kaisville

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in lakh

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

Location: Solan Simla Old Road, Kumar hattiHighlights: Beautiful fully furnished apartment With un spoilt view of the mountains.An ideal hill farm house.Options: 2BHK and 3 BHK

Pine Wood Cottages

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

24


Sales Organisers/Dealers: Call 9216841278 to Advertise in this space Zigma Wealth: 8146992437

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SS Associates: 9876500036 Call 9815601347


Pankaj Renjhen, Managing Director - Retail Services, Jones Lang LaSalle India

FDI In Multi-Brand Retail The Gateway Finally Opens

Th e

r e c e n t

decision

by the

Government to

allow foreign direct

investment in multi-brand retail is understandably the talk

of the town. There are various points of view regarding

the impact it will have on the retail sector in speci� c and

the Indian economy in general, but the decision is a big

step in the direction of strengthening organized retail in

the country. To get the complete picture, it is important

to understand the situation which exists currently and

how the new regulations are going to change the retail

landscape.

Till recently, FDI in retail (except under single-brand

product retailing, with conditions) was not allowed in

India. In other words, for a company to be able to get

foreign funding, products sold by it to the general public

needed to be of a ‘single-brand’. The government has

now opened a gateway for foreign funding into the sector.

In 1997, FDI in cash-and-carry (wholesale) with 100%

ownership was allowed under the Government approval

route. It was brought under the automatic route in 2006.


51% investment in a single-brand retail outlet was also

permitted in 2006. FDI in multi-brand retailing was

prohibited in India.

This was changed to increases FDI in single-brand retail

to 100% while creating a path for FDI in multi-brand

retail to the tune of 51%. Cities with populations of more

than 10 million are eligible for this. With yesterday’s

announcement, 51% FDI has been permitted in multi-

brand retail - with certain caveats, and also subject to � nal

the approval from respective states to allow implementation

within these states.

There are still some apprehensions on how this policy

will be implemented due to the given caveats. However, it

does signify a strong positive outlook for this sector.

The retail sector in India has been plagued with problems

at all the areas of its life cycle - back end, technology,

supply chain, real estate and human resources. There

has been a lack of investment in all of these areas.

Consequently, the retail sector has not been able to match

the pace of other growing sectors in India. There has been

a lack of investment in the logistics of the retail chain,

leading to an inef� cient market mechanism. Lack of

Storage infrastructure has been one of the most alarming

of these infrastructure gaps.

The technology being used in Indian retail is largely

obsolete and does not meet international standards,

resulting in poor ef� ciency at the supply side and average

consumer experience on the demand side. Intermediaries

often bypass the ‘mandi’ norms and their pricing lacks

transparency. The public procurement and distribution

system calls for a lot of improvement. In spite of heavy

subsidies, overall food based in� ation has been a matter

of great concern.

FDI will be a powerful catalyst to the required growth in the

retail industry and, in long term, will prove bene� cial to all

the major stakeholders. The new policy can bene� t both

foreign retailers and their Indian partners. The bene� ts to

foreign players will be access to local market knowledge

and an increased consumer base, while Indian companies

will bene� t by global best management practices and

technological know-how. There will be investment in

storage and transportation infrastructure, technology and

supply chain operations.

The increased � ow of capital, if used effectively, will

bene� t both the farmers and the consumers. Farmers will

bene� t from the better price indexing and direct selling to

the retailer. The consumer, in addition to having a better

shopping experience, will bene� t from the competition

and the resultant reduced prices.

The real estate retail industry will bene� t immensely due

to increase in demand and increased investor con� dence.

We can also expect increased transparency in the retail

real estate sector. Additionally, the country will � ourish in

terms of quality standards and consumer expectations,

since the in� ow of FDI into the retail sector is bound to

pull up the quality standards and cost-competitiveness of

Indian producers in all the segments.

In the light of above, it would be prudent to encourage FDI

in retail further. Of course, suf� cient consideration should

be given to the interests of SMEs, farmers and consumers

while � nalizing this decision.

With this move, along with the caveats, the Government has

indeed taken an important step. From a retail real estate

point of view, it will be open up immense opportunities in

the medium and long term, as the demand for quality real

estate will rise. Currently, some retailers are cash-strapped

and this will provide a sort of bail-out option to them.

Overall, the investment by local and new international

retailers that are likely to � ow into the sector will de� nitely

also take the form of investments into real estate at the

front end in terms of retail store spaces and of the back

end in terms of better quality warehouses.

The new international entrants will be willing to take longer

term bets and invest in stores which will be sustainable

over the long haul. Competition will increase as Indian

retailers shape up and intensify their expansion plans -

which had been fairly low over the past few years. Also,

it will increase the interest and con� dence level of real

estate developers to set up quality shopping centres. They

now have reason to set behind them their experiences

post 2008 and can once again consider investing in this

asset class with a clear vision to long-term pro� t.


UT Administration Hikes Collector Rates


The collector rate of SCOs in Sector 17

remained the highest in the city after the

recent announcement of 10% hike in

collector rates by the UT Administration. The

collector rate or circle rate is the minimum

rate for valuation of a plot, independent house or � at in a

particular area or locality. It differs according to various

categories as per location. Usually, the registration of

properties is done as per circle rate. In actual practice,

it is the demand and supply of a property in the area that

determines the actual market price.

COLLECTOR RATES IN CHANDIGARH

URBAN AREA/COMMERCIAL EXISTING RATES NEW RATES

Industrial Area Phase I, II 49,920 54,912

Iron Market, Timber Market and Transport Area 56,160 61,776

Motor Market Complex commercial (booths) in Mani Majra 93,600 102,960

Shivalik Enclave, Mani Majra (commercial SCO) 218,400 240,240

Milk Colony Dhanas 218,400 240,240

Booth in Sectors 17,19,34,22 and 35 280,800 308,880

Booth in Sectors 7,8,9,26,16,18,20 and 21 224,640 247,104

Booth in Sectors 23,24,32,37,38 and other sectors 156,000 171,600

SCO in Sector 17 436,800 480,480

SCO on Madhya Marg, Sector 34 Road separating

Sector 22 and Sectors 35-34, other SCOs 187,200 205,920

URBAN AREA/ RESIDENTIAL

Residential 49,920 54,912

Housing Board � ats/Industrial houses (independent) 49,920 54,912

Ground Floor 18,720 20,592

First Floor 14,560 16,016

Second Floor 10,400 11,440

Third Floor 6,240 6,864

Cheap House (� xed rate) 31,20,000 34,32,000

Shivalik Enclave (residential) 31,200 34,320

RURAL AREA (AGRICULTURAL)

Agricultural land in all villages (rates in per acre) 70,00,000 77,00,000

RURAL (RESIDENTIAL/COMMERCIAL)

Villages under MC

Residential area 6,240 6,864

Commercial area 12,480 13,728

Other villages of UT

Residential area 4,160 4,576

Commercial area 8,320 9,152

(Rates in Rs per square yards)


Should You Buy A Ready Possession Or Under

Construction Flat?

Kishor Pate, Hon. Secretary - CREDAI (Maharashtra)


In most aspects of life, we tend to prefer a � nished

product to one which is incomplete. Nowhere is this

more true than in buying a home. It seems to be a

perfectly obvious choice. Instant grati� cation ranks

very high on most people’s priority list. The main

reason why a majority of home buyers prefer ready � ats

is that a ‘ready possession’ � at allows the owner to move

in immediately, arrange and modify things according

to personal taste and get on with the business of living.

However, there is also a negative aspect to instantly

preferring a ready � at:

Increased Cost - Because of the high demand for ready

� ats, such units are also priced much higher than those

in a project which is under construction. This means that

the overall investment bene� t of a under construction

property is lower, since it has been bought at a higher

price.

Higher EMIs - Buyers who are purchasing with a home loan

lose out on the bene� t of lower EMIs which are applicable

during the construction process. This is because � nancial

institutions release payments on the basis of phase-wise

completion

Limits On Modi� cation - A � nished � at offers very little

scope for personal touches. For instance, one may have

certain desired speci� cation for the kitchen. Modi� cations

in a � nished � at are expensive and disrupt day-to-day

functioning

Lack Of Choice - Buyers lose out on choice. Because

of the high demand for ready � ats, there is pressure on

buyers to make fast decisions, which they may regret later

on. Many areas have projects under construction which

are superior to available ready ones

No Payment Flexibility - Builders have no reason to offer

� exible payment terms to buyers who are only considering

ready � ats.

The fact is, investing in an under-construction � at often

a lot of sense. Apart from the cost savings and higher

investment bene� ts, buyers of such � ats are also at

greater liberty to ask for certain design speci� cations

such as improved Vaastu compliance and more

customized internal layouts. Since the building is still at

the developmental stage, the builder will be willing to

incorporate certain changes in the original layout as long

as they do not compromise the overall structural integrity

or unreasonably increase his costs.

The new trend of ‘group buying’ also provides another

advantage to those who are considering under construction

properties. In this system, a group of serious buyers make

a consolidated offer to the developer to buy a certain

number of units in his project in one go at a discounted

rate. This can result in considerable savings.

Of course, buying a property which is still under

construction has certain elements of risk. For instance,

there could be problems if the developer does not have a

rock-solid reputation for completing his projects on time.

Such builders may:

• Not have the professionalism to obtain all necessary

permits and clearances for the project before beginning

construction

• Not be � nancially sound enough to fund the project

through to the point of completion

The best way to avoid such problems is to deal only with

an established developer with a number of successful

projects in the same city.


36

Using Residential Property

For Commercial Activity


residence as an of� ce by chartered accountants, lawyers

and doctors would not be considered as a commercial

activity. The premise of this ruling was that the work and

skill involved in such a profession is predominantly mental

or intellectual rather than physical or manual.

These cases clearly indicate that there are some instances

where professional activity in a residential � at would be

considered legal. However, these should not be taken

as blanket rulings. Apart from the individual bye-laws of

housing societies, different state laws would nned to be

considered.

Whatever the other aspects of the case may be, it is

certainly necessary to get the approval of the housing

society in a general body before using a residential � at

for commercial purposes. Depending on the nature of the

business and also subject to the approval of the housing

society, it may also be necessary to obtain permission

from the local municipal authorities for conversion of the

� at into a commercial establishment.

It may be possible to obtain permission from the housing

society to conduct a business that does involve any

movement of people or storage of goods in the residence.

Nevertheless, it is not a good idea to start any kind of

business in a residential � at without getting complete

clarity on the legal aspects.

Even if a housing society permits business activity in a

certain case, such activity can still be deemed illegal and

be noti� ed accordingly. It is not advisable to take anything

for granted, and to have the legality of such an undertaking

examined by a quali� ed lawyer.

In cases

w h e r e

z o n i n g

l a w s

and the

co-operative

h o u s i n g

society in

q u e s t i o n

permit it, there

can be cases

where running

a business from

home is viable.

Doing so can

save on the

cost of renting or purchasing a commercial space. It also

saves on the cost of commuting to and from work as well

as on many operational costs.

It bears mentioning that full-scale commercial use

of a residential � at is often opposed by co-operative

housing societies. That said, utilizing 20% of the space

in a residential � at is legally permissible as long as the

business in question falls within certain categories. For

example, the MSC Apellate Court ruled favour of a certain

resident in Ghatkopar, Mumbai in 1986, stating that

carrying out activities such as yoga classes in a residential

� at does not constitute a breach of the bye-laws of a co-

operative housing society. The ruling basically meant that

the professional activity of teaching certain arts would not

be viewed as commercial activity, even if certain charges

are levied.

In a case � led under the Karnataka Shops and Commercial

Establishments Act, 1961, it was ruled that the use of a

37

Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India


38

Jesus Christ himself taught the fundamentals of the

“law of attraction” when he instructed his followers to:

“Ask”...then he said, “and you shall receive”. And, he

said, “Seek”...then he said, “and you shall � nd”. And,

he said, “Knock”...then he said, “and it will be opened

unto you”.

Some very inspiring moments in this movie make it a

must watch. The most emphatic point of ZNMD reveals

itself at the climax. The three friends are in the last leg

of their adventure and it’s a dare that none of them

is sure about surviving. They decide to participate in

“running of bulls” game (encierro in Spanish), where

the participants run in front of a group of bulls let lose.

And that’s when each of them vouches to do something

they’ve evaded all their lives.

Zindagi Na Milegi DobaraJesus Christ

searchbutton


39

Fired by a newspaper editor because, “he lacked

imagination and had no good ideas”, Walt Disney

started a number of businesses that ended with

bankruptcy and failure. He kept going, however, and

eventually found a recipe for success that worked. The

Disney name today rakes in billions from merchandise,

movies and theme parks around the world.

Walt Disney

inspiration from everywhere


According to the law of aerodynamics, a bumble bee

should not be able to � y. Research shows that the

bumblebee does not have the capacity (in term of

wing size or beats per second) to achieve � ight with

the degree of wing loading necessary. But it can still

� y because it does not know its limitations. If we can

break self-imposed limitations, everything becomes

possible for us.

The bumblebee

Too good to be true. That’s what we generally

feel about starting a business with a low

investment. But if you look around a bit,

you’ll see several home based entrepreneurs

who’ve started and developed thriving

businesses with little money at their disposal. The trick

is to look for a business idea that has great potential

but demands a relatively low investment. The following

business ideas score high on potential regardless of low

initial capital involved:

1. Food

Opening a big restaurant isn’t the only way to starting

with a food business. If you can come up with a decent,

palatable product, you can sell from anywhere you

choose. There are several success stories about small

eateries and home based catering services that started off

small and done in business.

2. Health

An increasing number of people across the world are

investing in their own well being. In case you’re an expert

in yoga, pilates or any other workout routine which can

make people feel good about themselves, this is the right

business for you.

3. Consultancy

For people who don’t like working round the clock, turning

consultant is a good option. There are opportunities galore

for setting up a consultancy from educational counselling

to � nancial expertise and from personal shopping to virtual

dating. More often than not, such a business can be run

nicely from home.

4. Writing

The internet has proved to be a boon for people who can

write well. People take up travel writing, ghost writing

or other forms which suit their abilities. Starting with a

content writing business is easy on the pocket and if you

can deliver good content, it can turn out to be a lucrative

affair.

5. Culinary

Teaching people how to cook can be an exciting and

pro� table venture for those who enjoy cooking but are

hesitant about running a restaurant or a catering service

due to different reasons.

6. Art and Crafts

If you believe you can draw or paint well / create different

craft objects you can consider sharing your talent with

children and even with grownups. Many people have

started creating videos to show their skills on youtube and

also teach online.

7. Foreign Languages

One of the best options for people who have taken the

pain to learn a foreign language. Globalisation has led

to a sharp increase in the demand for foreign language

instructors.

8. Virtual Assistants

Time is the most valuable commodity. A virtual assistant

is a person who provides professional administrative,

technical or creative assistance to clients online. They

are independent contractors rather than employees.

9. Blogging

One of the smartest options these days is to earn money

by writing blogs. There is no investment involved and

doesn’t take long to pick up the tricks of the trade to

become a smart blogger.

10. Urban Gardening

Life in the city is busy. With a growing awareness

about clean and green living and rising food in� ation,

people are looking for ways to get the right stuff to eat

without spending much time in the bargain. Interested

entrepreneurs can use their garden patch or terrace to

grow exotic vegetables and rare herbs. They can also

supply aspiring urban gardeners with seeds and provide

training.

41

10 Business Ideas for a Shoestring Budget


42

quotemagic

You will never truly know

yourself or the strength

of your relationships until

both have been tested by

adversity.

J.K. Rowling

British novelist Joanne “Jo”

Rowling, pen name J.K.

Rowling was a single mother

living on social security

bene� ts when she wrote her

� rst Harry Potter novel. In

duration of � ve years, having

sold more than 450 million

copies of her novel, she’s

said to have amassed an

estimated £560 million (Rs

48,597,981,600) fortune.

You will never truly know

yourself or the strength

of your relationships until

both have been tested by

adversity.

J.K. Rowling

British novelist Joanne “Jo”

Rowling was a single mother

living on social security

bene� ts when she wrote her

� rst Harry Potter novel. In

duration of � ve years, having

sold more than 450 million

copies of her novel, she’s

said to have amassed an

estimated £560 million (Rs

48,597,981,600) fortune.


The Better CEOWhat Guy Kawasaki Learnt from Steve Jobs

44

Guy Kawasaki, the former Chief Evangelist for Apple marketed the

Macintosh in 1984. As a result, he worked closely with the legendary

Steve Jobs. He experienced his leadership � rst-hand. Days after the

saddening news of the death of one of the greatest innovators of our

time, Kawasaki compiled a list of the 12 qualities that set Steve apart from other

CEOs. De� nitely worth a read, Kawasaki’s list is chock full of wisdom gleaned

from his close working association with the top visionary.


1. Experts are clueless

Experts—journalists, analysts, consultants, bankers, and

gurus can’t “do” so they “advise.” They can tell you what

is wrong with your product, but they cannot make a great

one. They can tell you how to sell something, but they

cannot sell it themselves. They can tell you how to create

great teams, but they only manage a secretary.

2. Customers cannot tell you what they need

“Apple market research” is an oxymoron. If you ask

customers what they want, they will tell you, “Better, faster,

and cheaper”—that is, better sameness, not revolutionary

change. They can describe their desires only in terms of

what they are already using.

3. Jump to the next curve

Big wins happen when you go beyond better sameness.

The best daisy-wheel printer companies were introducing

new fonts in more sizes. Apple introduced the next curve:

laser printing.

4. The biggest challenges beget best work

I lived in fear that Steve would tell me that I, or my

work, was crap. In public. This fear was a big challenge.

Competing with IBM and then Microsoft was a big

challenge. Changing the world was a big challenge. I, and

Apple employees before me and after me, did our best

work because we had to do our best work to meet the big

challenges.

5. Design counts

Steve drove people nuts with his design demands—some

shades of black weren’t black enough. Mere mortals think

that black is black, and that a trash can is a trash can.

Steve was a perfectionist, and he was right: some people

care about design and many people at least sense it.

6. You can’t go wrong with big graphics and big fonts

Take a look at Steve’s slides. The font is 60 points. There’s

usually one big screenshot or graphic. Look at other tech

speaker’s slides—even the ones who have seen Steve in

action. The font is 8 points, and there are no graphics.

7. Changing your mind is a sign of intelligence

When Apple � rst shipped the iPhone there was no such

thing as apps. Apps, Steve decreed, were a bad thing

because you never know what they could be doing to

your phone. Safari Web apps were the way to go until six

months later when Steve decided, or someone convinced

him, that apps were the way to go—but of course.

8. “Value” is different from “price”

Price is not all that matters—what is important, at least

to some people, is value. And value takes into account

training, support, and the intrinsic joy of using the best

tool that’s made. It’s pretty safe to say that no one buys

Apple products because of their low price.

9. A players hire A+ players

Actually, Steve believed that A players hire A players—

that is people who are as good as they are. I re� ned this

slightly—my theory is that A players hire people even

better than themselves.

10. Real CEOs demo

Steve Jobs could demo a ‘Pod, ‘Pad, ‘Phone, and Mac

two to three times a year with millions of people watching,

why is it that many CEOs call on their vice president of

engineering to do a product demo?

11. Real CEOs ship

For all his perfectionism, Steve could ship. Maybe the

product wasn’t perfect every time, but it was almost

always great enough to go. The lesson is that Steve wasn’t

tinkering for the sake of tinkering—he had a goal: shipping

and achieving worldwide domination of existing markets

or creation of new markets.

12. Marketing boils down to providing unique value

Think of a two-by-two matrix. The vertical axis measures

how your product differs from the competition. The

horizontal axis measures the value of your product.

Bottom


��

Sridevi Hi. This is Shashi from the India! The heartthrob of millions who gave up acting for home and hearth returns to the big screen after 14 years with the tri-lingual English Vinglish. She plays Shashi, a belittled and insecure Indian housewife who enrols in an English Language class to please her husband and family.

Sridevi Hi. This is Shashi from the India! The heartthrob of millions who gave up acting for home and hearth returns to the big screen after 14 years with the tri-lingual English Vinglish. She plays Shashi, a belittled and insecure Indian housewife who enrols in an English Language class to please her husband and family.

3 Ways to Work on 3 Ways to Work on Your WillpowerYour Willpower


The ability to resist doing what we ought to do

over what we want to do in a given situation

is commonly described as self-control or

willpower. And every single day, we are

tested. Right from leaving a warm, cosy bed

in the morning till trying to resist the tempting extra plate

of dessert after dinner. Given the importance of willpower

in our lives, it is surprising how little time or thought we

apply for its development.

The scienti� c community has from time to time tried to

� nd answers to why some people overeat or abuse drugs

or alcohol. The latest research suggests that willpower

is essentially a mental muscle. It is a limited resource

that can be nurtured and developed. Also, there are

certain physical and mental forces that can weaken

or strengthen our self-control. An eminent American

psychology professor at Florida State University, Roy

Baumeister is a leading authority on the subject and this

is what he has to say regarding self control: ““Learning

self-control produces a wide range of positive outcomes.

Kids do better in school, people do better at work. Look at

just about any major category of problem that people are

suffering from and odds are pretty good that self-control

is implicated in some way.’’

How about getting started with an action plan on

development of willpower? Don’t you feel that a conscious

effort in this regard may hold the key to your total self-

development? The following three ways to work on your

willpower are based on information gleaned from the

latest research � ndings:

1. Anticipation

Now that we’re given to understand that self-control is

a limited resource, we need to anticipate and plan for

our times of low self-control. This means, we cannot be

expected to exercise unlimited self-restraint all the time.

For example, avoid starting with your tax return as soon as

you come home from of� ce.

2. Willpower muscle exercise

According to research done in this � eld, one needs to

keep exercising his/her willpower like a muscle. We know

how exercising a muscle in the short-term leads to its

exhaustion but if the same exercise is done long-term,

it leads to muscle growth. It thus follows that exercising

your willpower, though temporarily depleting, means that

it will be stronger in the long run. The idea is to push

yourself and attempt things that deplete our willpower.

Solving a tough puzzle or watching a funny movie without

laughing are excellent exercises in self-control.

3. Orange Juice

Laboratory studies have shown a relationship between

self-control and blood glucose levels. Restoring glucose

levels appears to replenish self-control. So, tank up on

orange juice or lemonade the next time you feel a little

less sure about yourself!


Orange juice replenishes blood glucose levels

Solving puzzles works wonders for willpower building

50

Save SharksUnpopular animals in comparison to other ocean creatures like whales and dolphins, thousands of sharks are caught and killed every day. That’s how shark populations have come down to 10% in the last 20 years. But research has shown that without sharks, our marine ecosystems would collapse.

planetsavers


Not just another book about personal

� nance, “How to Be Rich: The Couple’s

Guide to a Rich Life Without Worrying

about Money” isn’t a get rich quick

scheme either. It’s a book which makes

you forget about the old concept of struggling in a � nancial

rut and never getting ahead. Times are a changing and

the old boring way of managing your � nances is gone

forever. Today’s generation is smarter, faster, and lives in

a more complicated world. It thus makes sense that we

look for a simple system that works, and leave theories to

the more discerning.

How to Be Rich: The Couple’s

Guide to a Rich Life Without

Worrying about Money

Chuck J Rylant

52

bookshelf

This book is currently available with www.homeshop18.com for Rs 695/-*


Past Participants


The Buddhas That Laugh

There are few feng shui cures as popular -

and as universal in their application - as

the Laughing Buddha. Used as a feng shui

cure for good luck, happiness, abundance,

success and good health; any feng shui

bagua area can bene� t from the sparkling energy of the

Laughing Buddha. Based on the story of a Buddhist

monk who lived in the 10th century China, the Laughing

Buddha feng shui symbol is also called the Happy, Hotei

or Traveling Buddha. A bit too eccentric for a monk, he is

said to have had an open and loving heart and came to

be loved by many.

It’s easy to � nd the Laughing Buddha in a variety of feng

shui products- from statues and bells to keychains and

jewelry. And if you want to use a statue of the Laughing

Buddha in your home, you need to know a few tips

regarding where and how to place it and what materials

should you go for - metal, resin or wood. The most

common feng shui use of the Laughing Buddha is as a

cure for wealth and good luck. The symbol of Laughing

Buddha is considered to bring auspicious energy, wealth

and joyful blessings anywhere it is placed. If you want

to use a Laughing Buddha statue as a feng shui cure for

your home, � rst decide on best materials and colours for

your decor. Choose a Laughing Buddha statue that helps

you attract and strengthen the feng shui energy you need.

Do you want to attract more wealth energy? Then look for

a statue of Laughing Buddha with gold ingots and place it

in the Money area of your home (Southeast). Is your focus

on vibrant health? Choose a Laughing Buddha with a Wu

Lou in his hand and place the statue in the East feng shui

bagua area.

Some important tips regarding Laughing Buddha

• Treat him with respect. Never place the Laughing

Buddha’s statue on the � oor

• It’s good to keep a Laughing Buddha close to the

main door so that you can see it as you go home.

• Rubbing the big Buddha belly transmutes your

troubles into happiness

• Widely considered a patron of children, it can

be good feng shui to have a small statue of the

Laughing Buddha in your children’s room or study.

• The Laughing Buddha is seen in different postures

and each posture has a different signi� cance.


A lot of people believe it’s lucky to have a laughing buddha at the of� ce, home or even business place

56

softcorner

Founder and Chairman of HCL Technologies Ltd., Dr. Shiv Nadar’s focus on education-based philanthropy began in 1996, when he founded the SSN College of Engineering, named after his father. Now a 250-acre college with schools for management and computer applications and a school of advanced software engineering in partnership with an American University. He takes active role in the college activities including gifting of Rs. 1 million worth of HCL shares to the college. In 2006, Nadar announced that the college will promote research apart from ensuring that students benefit from foreign university tie-ups. In March 2008, SSN Trust announced setting up of Seven Vidyagyan schools in UP for rural students where free scholarship will be provided for 100 students from 10 districts of Uttar Pradesh.

Shiv NadarAge 67 yrs


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Property & Wealth Nov 2012