Thursday 4 January 2018

Godrej Palm Grove a flagship Project in the Outskirts of Chennai



Godrej Palm grove Situated on NH-4 at only 25 kms from Chennai city, Godrej Palm Grove is a long way from the buzzing about yet well inside the Chennai Metropolitan Development Authority (CMDA) limits. Comfortable spread crosswise over 12.5 acres, it offers 2BHK and 3BHK apartment with each convenience to suit your necessities. 

Taking all things together, there are 14 towers with a greatest of 19 stories in each pinnacle. The property is in close proximity to a lot of educational institutes and is well connected .The Godrej Palm Grove chennai is in close proximity to a lot of educational institutes and is well connected.All that you've ever wanted to suit your modern lifestyle is here. 

Our elegant double height lobby holds testimony to it. There is also a well-equipped gymnasium, a squash court, a tennis court, all aimed to keep you fit and on your toes. To relax your mind we have a meditation hall. Your children can play in the play area specially designed for them or try out the skating rink. If you want to party or laze around, there's always the 22,500 sq.ft. Club house with a swimming pool. All that you've ever wanted to suit your modern lifestyle is here in Godrej Palm Grove Chennai. 

Our elegant double height lobby holds testimony to it. There is also a well-equipped gymnasium, a squash court, a tennis court, all aimed to keep you fit and on your toes. To relax your mind we have a meditation hall. Your children can play in the play area specially designed for them or try out the skating rink. If you want to party or laze around, there's always the 22,500 sq.ft. Club house with a swimming pool.What's more, there is also a telephone / internet connection, a DTH setup, an intercom connection and reticulated piped gas facility available for every apartment. You even have concierge services, available at nominal prices, at your beck and call.

 There is also a Central plaza, a departmental store and a pharmacy at close proximity for your everyday needs. Located along NH-4 Bengaluru highway, Godrej Palm Grove is just 6 kms from Poonamallee and 20 mins drive from Koyambedu. It is within proximity of the proposed Green Field airport at Sriperumbudur and well connected by road with excellent bus facility.The property is close to a lot of educational institutes like St John's Residential School, Chennai Public School, AVL Matricluation School, Panimalar Engineering College, Saveetha Institute of Medical and Technical Sciences, PB Engineering College and Sri Venkateswara College of Engineering. Even hospitals like Apollo St John's, Sri Ramachandra Medical College, Vee Care Hospital, ACS Hospital and SJS College Hospital are just around the corner.If you're looking for some entertainment, Queensland and Madras Motor Sports Club are in close vicinity. As for the property itself, it houses an ATM and a department store so you have easy accessibility to whatever you need.

ABOUT :  GODREJ PROPERTIES

Godrej Properties brings the Godrej Group philosophy of innovation and excellence to the real estate industry. The company aspires to be among India's top 3 real estate companies, while continuing to be the most trusted name in the industry. GPL has completed several landmark projects and is currently developing significant projects in twelve cities across India. Throughout its operations, GPL aims to deliver superior value to all stakeholders through extraordinary and imaginative spaces created out of deep customer focus and insight. GPL has received several recognitions for its processes and performance including the 'Corporate Governance of the Year 2008' award from Accommodation Times and has been the highest ranked real estate developer for three consecutive years in 'India's Best Companies To Work For' survey by Economic Times. Godrej Properties has been voted the 'Best Emerging National Developer' at the ZEE Business Awards 2011.

Established in 1990
India's first ISO certified real estate developer
Projects in 12 cities across India
Prime locations, good value, excellent construction, efficient support
Collaboration with outstanding associates


Thursday 2 March 2017

ADPAY MOBILE PAYMENT INDIA LAUNCHED INDIA'S FIRST MVNO SERVICE – AEROVOYCE IN CHENNAI

ADPAY proudly announces its full fledged Telecom Service under new brand AEROVOYCE for PAN India. The esteemed apex bodies of Telecom – Department of Telecom (DoT) in-line with Telecom Regulatory Authority of India (TRAI) approved MVNO Licensing process during the month of March 2016 for India, thereafter ADPAY MOBILE PAYMENT PVT. LTD. is the first organisation to receive the MVNO license on 7th Dec 2016. This license will enable AEROVOYCE as a complete Mobile Operator same as Airtel, Vodafone, etc., but with Spectrum sharing as MVNO.


AEROVOYCE ( WWW.AEROVOYCE.COM ) is entitled to offer Mobile Voice/Data SIM Cards, Mobile Internet (SIM), Broadband/Fibre internet (ISP category A,B,C), NLD, IPTV, PMRTS, VSAT, INSAT-R and etc. services for PAN INDIA.

AEROVOYCE MARKET STRATEGY
AEROVOYCE as an MVNO, will look in cheaper Tariff for Voice and Data with additional value proportion in their services which are drawn from their core strength of Mobile VAS and in serving multiple Indian and International audiences.

As its marketing strategy AEROVOYCE will target Youth segments in Semi Urban, Rural and pockets of un-tapped opportunities like IoT, Smart cities and etc. With the increase in Mobile Data consumption by individuals as well enterprises AEROVOYCE will provide Data services with essential MVAS services which are customized geo specific.

Small and Medium Enterprises (SME) operating in limited technology budget companies will get due benefit from the reliable and affordable Data services and Applications provided by AEROVOYCE.

AEROVOYCE will extend Premium services for Loyal and Heavy users, Mobile Device offers, MVAS bundled offers, MNP, PSMS. Business CUG for Government, Co-operative organisation, NGO's, Govt. Welfare Association etc.

AEROVOYCE PRODUCTS/SERVICES OFFERING
AEROVOYCE will offer the following.

PRODUCTS:
-          SIMCARD (Voice and Data)
-          SIMCARD (Mobile Internet)
-          BROADBAND INTERNET
-          FIBRE INTERNET

SERVICES:
-          Attractive Voice/Data Plans (Voice and Data together)
-          Automobile Data SIM Cards
-          Internet of Things (IoT SIMCards)

-          SmartCities Coverage
-          Techno Agriculture Data SIM Cards and services
-          Closed Buildings VSAT Internet Services
-          Home Internet (Broadband and Fibre)
-          Industry High Volume Internet (Broadband and Fibre)
-          Data SIM enabled Tablets/Laptops
-          Strong VAS Contents like Movies, Music, Sports, etc.

AEROVOYCE MARKET PENETRATION
-          PAN India Jammu and Kashmir till Kanyakumari
-          REMY Model (R- Royal, E- Executive, M – Master, Y – Youth) Pricing plans coming
-          Will reach Rural, Urban, Towns and Remote areas
-          Will focus additionally untouched or underserviced areas
-    Will channelize a plethora of Mobile VAS services under key domains such as education, healthcare, communication, financial services, government-citizen schemes and entertainment.

AEROVOYCE INVESTMET/TURNOVER
-          Will create 1000+ Jobs in India
-          Will invest 300+ Crores in next 3 years
-          Will generate 3000+ Crores of revenue in 3 years
-          Will position as No.1 MVNO Mobile Operator in India in 3 years

Commenting on the AEROVOYCE launch, Mr. Sivakumar Kuppusamy, CEO, ADPAY MOBILE PAYMENT INDIA PVT LTD said, “We are delighted to launch our new brand AEROVOYCE for providing mobile network services across India using the latest carrier technology. We look forward to offer a superior telecommunication experience to our valued customers who can choose from an affordable plans to get the fantastic digital experience.

“Every Rupee should be justified for the services provided to customer” that’s the mantra of AEROVOYCE . Our brand motto and tagline is “Believin’ Communication” @cheaper and affordable price. We are trying to bring a balanced structure for end users and enhanced mobile ecosystem with innovative idea focusing on D2C, Internet Of Things (IoT) and Sub Brands. We are aiming to give best service and affordability in the industry. AEROVOYCE sees a tougher challenge in the market, BUT it is ready with their powerful platform, services and attractive offers”.

Big courtesy to DoT (Department Of Telecommunication) and TRAI (Telecom Regulatory Authority of India) for their great support and approving ADPAY (AEROVOYCE) as the very first licensee in MVNO for PAN INDIA.

AEROVOYCE has invested and continuously investing around 300 plus crore rupees in another 3 years in promoting its telecom services. SIM Card and Internet Services will be first launched in TamilNadu soon and will work at District levels to promote and penetrate among the forgotten population by other telecom companies. And in 2 years of time, it will reach PAN India for all 22 telecom circles.

AEROVOYCE will also offer Mobile Financial services of ADPAY Wallet. ADPAY Wallet will be promoted in all Taluks of PAN India which will help in achieving the Nation's Cashless Policy.

Special Courtesy to Department of Telecommunication (DoT) and Telecom Ministry officials "Shri. R.K Soni Director (AS-I) , Shri. Vinay Avasthi Under secretary (AS-I), Shri. Manoj Sharma Deputy manager (AS-I)"  for helping us get the UL(VNO) Mobile Operator license.

Sincere thanks to our Bankers HDFC (Madipakkam Branch) and Indian Bank (Rajakilpakkam Branch)

AEROVOYCE SOCIAL INITIATIVES
AEROVOYCE has setup a Social Fund to help Youths of India with Education and Training in IT services. On elaborating this Mr. Sivakumar Kuppusamy – Founder ADPAY, insisted that AEROVOYCE will draw most of its workforce from the rural background, even though he is a Switzerland based NRI, he never forgets his rural background.

A well connected Tamil society and to help them upholds cultural and ethical values at the same time retain traditional life and business values along with embrace modern technical developments.

Ø  As part of ADPAY CSR program knowledge and training hubs will be established across TamilNadu / PAN India and will serve marginalised section of the society

Ø  AEROVOYCE Knowledge Hub – Will provide knowledge services for various  trending subjects. Social Media, Business Education, Financial courses etc.

Ø  AEROVOYCE Training Hub – Will provide affordable vocational job training for youths,    for them to gain on hand experience and training in various job opportunities

Ø  AEROVOYCE is donating to AGARAM Foundations (Actor Mr. Surya’s Initiative) on this AEROVOYCE Brand name and logo launch occasion

ABOUT  ADPAY MOBILE PAYMENT INDIA PVT. LTD.
Mr. Sivakumar Kuppusamy (a Switzerland based NRI) aka SIVA is the Founder and CEO of ADPAY Mobile Payment India Private Ltd.

Mr. Sivakumar Kuppusamy has devised and developed a complete Mobile Ecosystem which includes Adserv – Mobile Ad-network, CloudCMS, Mobile Payment – Carrier Billing, Mobile WAP Platform, Mobile VAS and full mobile life cycle components.

Mr. Sivakumar Kuppusamy served in Minick, Swisscom, THQ, net mobile Germany, NTT Docomo (Europe). In NTT Docomo he served as VP Technology for International division. He served as a chief consultant and was instrumental in India's first 3G launch for TATA.

Mr. Sivakumar Kuppusamy was at the forefront of group of Technologist who were instrumental in bringing many innovative and futuristic business ideas in mobile space – the Off-Deck Mobile services is his brainchild which is still relevant in Telecom Industry. Siva is a composed business man.

Mr. Sivakumar Kuppusamy, a native of ChinnaSalem (a rural town in TamilNadu), had his schooling in Government Higher Secondary School(Tamil Medium), Mechanical Engineering Degree in Government College of Engineering, Salem and MS in BITS Pilani.

For further details please contact: 
Mr.Sivakumar Kuppusamy, Founder & CEO
AdPay Mobile Payment India Pvt. Ltd
Mob: 98404 67352

Friday 2 September 2016

RICS, NAR collaborate to train real estate brokers for better environment

NEW DELHI: Global body for standards in built environment RICS and industry body for real estate agents National Association of Realtors (India) have joined hands to launch a co-branded management development program (MDP) for brokers with over three years of experience.

The program will be for short duration of one week, where RICS School of Built Environment will offer an executive management program called 'Essentials of Real estate sales and marketing' for mid-level managers.

Sachin Sandhir, global managing director, emerging business, RICS said, "The courses that we will offer will train real estate brokers in marketing principles, sales forecasting, negotiation and sales closure. We see this training as one more towards professionalizing the real estate industry."

RICS will also work with NAR to promote standards for uniform property measurements (IPMS), brokerage and ethical standards in the real estate industry.

Sam Chopra, president, National Association of Realtors-India (NAR-India) said, "The partnership between RICS and NAR-India highlights the need for adequate training in a variety of disciplines and emphasizes the need for ongoing training and development."


RICS recently also collaborated with builders body CREDAI to jointly work towards capacity building and skills development in the Indian real estate sector.

Cloud-based technology for commercial Real Estate & venue managers in india

New Delhi ,India: Workspace platform Qdesq has developed India’s first cloud-based technology for commercial Real Estate & venue managers.

QPro, developed by Qdesq, is the most powerful and intuitive platform of its kind and is the only true end to end occupancy management platform for all stakeholders in Commercial Real Estate – developers and landlords, property managers, business centres and co-working spaces.
This end to end office occupancy development and management tool enables faster and robust workspace/inventory discovery to booking and post booking payment management system.
The new platform will aggregate leasing data across property portfolios in a single cloud-hosted database and making it the system of record for property managers to manage their workflows and customer relationships. It will allow salesforce to schedule client visits in real-time and accept or reject inspection based on the screening of occupant.
Commercial landlords and their leasing teams can also manage all documents and deal flow and gain visibility into the performance of their portfolios with integrated data analytics & reporting.
The well-thought and innovative features of QPro will make the closing process for salesforce and property managers easier by allowing them to bring all the constituents of a sale together.
Property managers can make quick search of all their available properties, share proposals and all other relevant documents, generate automated invoices and can collect rent through a single dashboard on the platform.
Paras Arora, founder of Qdesq said, “Real estate is the largest asset class in the world, but the way that people manage their properties today is archaic. With Qdesq, we want to change this by enabling it through technology and making it more operational efficient thus reducing the cost.”
QPro is a subscription-based platform, pricing scales up or down based on portfolio size for owners and the number of properties they want to manage using the platform.
As all the data is hosted on cloud, there is no software installation overhead and no upfront costs.
Qdesq has an incredibly well-trained and responsive staff to answer any troubleshooting questions that new users may experience as they start off with the platform.
If Real Estate Tech 1.0 was about bringing real estate data online, then Real Estate Tech 2.0 is about equipping leasing and property managers with software platforms to harness that data and run their businesses more effectively and efficiently.
Qdesq wants to become the one platform that everyone in the Commercial Real Estate uses to manage their portfolios and track their deal flows.

Saturday 14 May 2016

KISHIN LOUNGANI MOBILE APP GOT A VR TECH FOR THE FIRST TIME IN INDIA

Kishin loungani looking to bring Virtual reality based shopping experience for the online  Customer &  Merchants through his mobile app

Kishin loungani VR site
Kishin of  KLC [kishin loungani & co] has reiterated the Importance of virtual reality &  how a VR could be a much expected by the user  for purchasing of product  with the help of VR futures & also making the work of the merchant much lesser  on cataloguing the product.

Kishin loungani also indicates The growth of e-commerce in recent years has opened up new trade avenues for enterprises. It is clear that internet websites in this context are playing an important role as the medium of information dissemination.

 Many studies have been shown that 2-D representations of products are no longer impressive on websites than before, since demands for custom-designed products are rapidly increasing. In the consideration of the industrial equipments, this situation becomes more important since such equipments are costly to buy. Due to advent of high-speed network and advance in computer graphics, the Virtual Reality (VR) technology emerged as alternative way to resolve problems inherent to the conventional methods by improving presentation ability and flexibility for customers. In this paper, typical motivations are presented to highlight why and how e-commerce can benefit from VR applications. Representative VR applications and potentials are presented in the areas of industrial equipment producers.


Tuesday 10 May 2016

CURRENT TREND IN INDIAN DIAMOND BUSINESS : KISHIN LOUNGANI'S ANALYSIS

Kishin Loungani, proprietor, R.Kishin and Co is one of the main adornments, pearls, trimmings and Diamonds merchants in India. R.Kishan and Co is the leader organization of the Kishin Loungani Group.Headquartered in Mumbai and they have clients around the globe including USA, Europe, Middle East and district. With a worldwide vision and commitment to serving the needs of every buyer, Kishin and Co is more than Diamonds. We square measure an organization with enthusiasm and a test for incredibleness. Kishin and Co is a business pioneer inside the outline and conveyance of fine precious stones and adornments - a dynamic organization based on experience and trustworthiness. Mr. Kishin Loungani, proprietor, Kishin and Co said, The Gems and Jewelry division assumes a huge part inside the Indian economy, contributing around 6-7 for every penny of the nation's GDP. One of the quickest developing divisions, it is greatly send out minded and work escalated. Right now Indian precious stone fare and import business square measure next to no underestimated. We can't differ there square measure a portion of the Drawbacks in Indian precious stone N The general gross fares of Gems and Jewelry in FY2014-15 was US$ thirty-nine.9 billion (Rs 2,43,886 crore), which reflected a development of zero.43 for each penny in Rs term over FY2013-14. The general gross imports of Gems and Jewelry in FY2014-15 was US$ thirty one.5 billion (Rs 1,92,075 crore), which reflected a development of two.65 for each penny in Rs term) over FY2013-14.

As indicated by a report by Research and Markets, the adornments market in Asian nation is required to develop at a Compound Annual Growth Rate (CAGR) of 15.95 for every penny over the period 2014-2019. The total Foreign Direct Investment (FDI) inflows in jewel and gold trimmings in the period April 2000-September 2015 were US$ 750.87 million, as indicated by Department of business Policy and Promotion (DIPP). Amid April-November 2015, India outside eighty.5 million carats of harsh precious stones worth US$ eight.65 billion and general remote US$ fifteen.02 billion worth of pearls and gems. Amid the same sum Asian nation sent out twenty two.52 million carats of cleaned precious stones worth US$ thirteen.586 billion and had all out net fares esteem US$ twenty one.46 billion, hence kept on being a web jobholder of remote trade inside the pearls and gems part. With an eight for each penny offer in cleaned jewels, India has turned into the world's third biggest precious stone customer.

In light of its potential for development and worth expansion, the Government of India has announced the Gems and Jewelry area as a center space for fare advancement. The Government has as of late attempted different measures to elevate ventures and to update innovation and aptitudes to advance 'Brand India' inside the global business sector. Because of lack of gifted hands, the Gems and Jewelry ability Council of Asian nation is wanting to prepare more than four million people until 2022. The gathering intends to prepare, ability and tweak 4.07 million individuals by 2022. The board will tie-up with the current drilling establishments including Gemological Institute of America (GIA) and Indian Gemological Institute (IGI), alongside altering of most recent organizations in significant precious stone cutting and preparing focuses, Gems and Jewelry Export Promotion Council (GJEPC) previously stated in an announcement here.

Mr. Kishin Loungani further showed, there are no alternate ways in jewels, This, obviously, is just the same old thing new, a great many people by right now get a handle on that the most straightforward arrangements to be had square measure on-line, particularly once it comes to free precious stones. It is unequivocally as a consequence of people have swung to the Internet as how to abstain from squandering money that various tricks and fakes have sprung up. These law breakers realize that people go skimming to go searching for the most straightforward possible arrangement, so in the event that they can assemble it appear as though they're giving a precious stone at a value that is higher than the rest of, people can get bulldozed by it. Precious stones will be, and ought to be, less expensive on the web, however they ought to ne'er be too minimal effort. There is pretty much an all around endorsed wholesale cost for every jewel (plus or minus some percent), so on the off chance that you see a precious stone that is radically less expensive than it ought to be, stay away. I generally tell the perusers of my web log that if the arrangement you're taking a gander at to a great degree is that sensible, a precious stone merchant would have as of now purchased it! So keep away such looking for circumstances and maintain a strategic distance from your money misfortune.

Monday 22 June 2015

Spain offers some smart ideas for indian smart cities project


Prime Minister Narendra Modi's headline-grabbing promise to build smart cities in India has attracted wide attention of experts in Spain's principal city which hosts the International Smart City Expo every year. Barcelona has the distinction of being one of the world's top 10 smart cities.

The vast potential and unique challenges posed by the Indian dream of creating 100 smart cities, outlined by Urban Development Minister Venkaiah Naidu when he attended the Expo here last year, has excited not only experts here but also small and large agencies that offer various technology to build them. The all-round consensus amongst them however is that India has a lot of work to get done before it can actually embark on its ambitious project.

"There is no template for a smart city. A smart city is one that is more livable for its citizens. It has to be tailor-made for every city as each city has its unique problems and challenges. Each city has to have its own vision of what it wants to be for its people. India has shown that it has the required political vision but it must now begin listing its problems and priorities", Albert Martin Torras, Account Development Consultant of the Smart City Expo World Congress that is tasked with organising the international Expo here, told IANS. His area of focus is India and Asia.

Aware that India has started to move towards smart cities, he said: "We are looking with great anticipation to India's participation in the Expo this year ( Nov 17-19)". The Expo, an initiative of the Barcelona City Council, is supported by the governments of Spain and Catalonia, the World Bank and UN Habitat. The first Expo was held in 2011 and 440 cities from 92 countries participated.

The broad concept of a smart city, besides being more livable, is that it should be sustainable and efficient at all levels like energy use, public transport, communication and health and education facilities. "Procuring technology to build a smart city is not an end in itself. It is only a means to achieve the goals a city has set for itself. It is therefore essential for a city to have its own vision and then look for technology companies that will adapt to its needs," Torras felt.

Another essential for India before it embarks on smart city projects is to educate its people about the very concept and culture of smart cities and their required participation.

"This is a must before bringing in outside players," Torras said. Other challenges for India include merging technology with law enforcement. There is no point in installing high tech traffic signals if following them cannot be enforced, he pointed out as an example. India will also have to find ways of encouraging private investment for infrastructure required for a smart city.

Population density, large-scale migration to cities, sprawling slums, waste management and lack of basic services compared to what is available in European cities are the unique challenges smart city builders have to contend with in India, Rosa Paradell, general manager of the Smart City Business Institute here, told IANS. The Institute, in collaboration with the Spanish Association of Smart Cities, is currently working on upgrading 60 cities in Spain to smart cities. Among them are Barcelona, Santander, Malaga and Acoruna.

Paradell, a technology expert, was extremely optimistic about the India projects. "Technology has a solution for almost everything. The challenge for India is to find a business model and put together a legal framework, as there have to be public-private participation projects, for its smart cities," she noted.

"India is in a different situation from Europe when it comes to creating smart cities but it can be done," Paradell added.

She held out the example of the once rat-infested city of Medellin in Columbia, which with its drug cartels, underworld, slums and lack of civic infrastructure, held the dubious distinction of being one of the worst in the world. It decided to find solutions to its own peculiar problems and two years ago was declared the Most Innovative City in the World by smart city experts.

Paradell said India would require tailor-made solutions for waste management technology as its people have yet to be educated about waste segregation and disposal. It will have to find technology to help in use of green energy, reducing energy consumption, emission reduction, upgrading public transport and bringing schools and hospitals within 20 minutes reach of its inhabitants.

India has to now take an important decision in the context of creating smart cities. It has to decide if it wants to opt for building new cities or upgrade existing ones.

"It is easier to build new ones rather than transform old ones into smart cities. But upgrading cities is also as imperative and it takes anything from two to three decades to do so. In such cases work has to be undertaken area wise. It is always work in progress as you can always keep upgrading.. For India maybe a compromise of the two would be practical," Paradell added.

Grandchildren cannot able to claim a share in Grandfather Property :HC

Grandchildren cannot claim a share in the self-acquired property of their paternal grandfather if it had been allotted to their father in a family partition in his capacity as legal heir and not as a coparcener under the Hindu Succession Act 1956, the Madras High Court has ruled.

In a judgment reserved in the Principal Seat of the High Court and delivered in its Bench here, Justice P.R. Shivakumar held that neither the sons nor daughters of a person could claim share in a property he had received under the rule of succession provided in the Hindu Succession Act.

The verdict was delivered in an appeal suit filed by Purasawalkam Permanent Fund challenging a civil decree passed by a Chennai City Civil Court on August 6, 2008 in favour of twin sisters who claimed two-fifth share in a property mortgaged by their father, with the appellant, in 1995.

Reversing the civil court decree, Mr. Justice Shivakumar held that the lower court had rendered an “erroneous finding without adverting to the principles of law governing inheritance of coparcenary properties and succession to the property of a male Hindu under the provision of the 1956 Act.”

The judge also directed the twin sisters to pay cost of litigation to the appellant after holding them guilty of approaching the court with “unclean hands and with a mala fide intention” of preventing the appellant from auctioning the property to realise the loan availed by their father along with interest.

Pointing out that the twin sisters’ father, brother as well as elder sister had remained ex parte before the city civil court with respect to the property spread over two grounds in Nungambakkam in Chennai, the judge said that it created a doubt that the suit could have been filed in collusion with them.

“The fact that hectic attempts were made not only by the plaintiffs but also their elder sister, by filing two earlier suits, with a view to getting an injunction restraining the appellant from auctioning the property and the fact that the present suit was filed without even discharging the mortgage debt can even be viewed as an abuse of process of court,” the judge added.

Thursday 11 June 2015

Setback for Maran Brothers as Court dismissed petitions

In a setback to Maran brothers, the Madras High Court Wednesday dismissed petitions filed by Kalanithi Maran owned Sun TV and Kal Communications challenging the attachment of their properties by Enforcement Directorate in connection with money laundering probe in Aircel-Maxis deal.
Dismissing the petitions, Justice M Sathyanarayanan said that he was not inclined to entertain the plea and directed that Sun TV and Kal Communications approach the Supreme Court which is monitoring the Aircel-Maxis case.
The petitions challenged the March 31 provisional attachment order of ED attaching assets worth Rs 742.58 crore in the name of former Telecom Minister Dayanidhi Maran, his businessman brother Kalanithi and other family members under provisions of Prevention of Money Laundering Act (PMLA).
The High Court had on June 2 reserved its orders on the petitions.
The properties of Sun TV and Kal Communications in several localities here, Tiruchirappalli and Bengaluru have been attached by ED in the case filed by CBI on September 20, 2011.
This was for alleged illegal gratification amounting to Rs.742.58 crore received by Dayanidhi Maran under the guise of investments in Sun Direct Television Private Limited (SDTPL) and South Asia FM Limited (SAFL) companies.
It was alleged by CBI that the illegal gratification was received during December 2007 to 2011.
CBI has further alleged that proceeds of the crime were infused in the aforesaid companies and transformed into various types of properties. 

Wednesday 10 June 2015

Malaysia has shown keen interest to invest in India's highways projects


Malaysia has shown keen interest to invest in India's highways projects, which are being developed under public-private-partnership (PPP) mode.

A big delegation of government representatives from Malaysia, Construction Industry Development Board (CIDB), which is a statutory body under Minister Works, developers and top bankers held meetings with officials at the road ministry and also interacted with the highway minister Nitin Gadkari on Monday. 


"Their banks and other financing agencies are ready to provide debt to their companies if they bag projects. The recent decision to allow a developer to divest his equity from a project two years after completion has boosted their faith in our system. We want more and more overseas player to take up works here," said road secretary Vijay Chhibber. 

The interests from overseas players have come at a time when private players are coming back in the highway sector with six projects being bagged by them under PPP mode recently. In four cases, developers have promised premium, an upfront annual payment to NHAI. 

Thursday 4 June 2015

Top 20 residential location of india a survey by JLL

Owning a house in a swanky, upscale neighbourhood is the dream of every individual. A property in one of the country's prime locations is likely to cost a fortune, but a sought-after address is the surest sign of success and famedom. Property consultant JLL India has come out with a list of India's "top 20" residential neighbourhoods.



Here's the list of 20 coveted neighbourhoods as listed out by JLL:

1. Palm Beach RoadNavi Mumbai: JLL says this is the only area in Navi Mumbai where high-rises offer a sea view. Current property prices here range between Rs.14,000 per square foot and 18,500 per square foot.

2. Worli, Mumbai:

The upmarket neighbourhood now holds premium positioning with steadily appreciating property prices. (Estimated prices Rs.35,000 - Rs.60,000 per square foot)

3. Bandra, Mumbai:

Bandra has a high level of shopping, education, healthcare and recreation facilities, which makes it a preferred destination for prime property seekers. Estimated luxury home prices - Rs.30,000/sq. ft. - 55,000/square foot depending on the exact location and type of project)

4. Lower Parel, Mumbai:

Lower Parel is contributing most to Mumbai's changing skyline and good connectivity with other parts of Mumbai and improved infrastructure add value to one's investment here. (Estimated prices - Rs.25,000 - 40,000 per square foot)

5. Vashi, Navi Mumbai:

Well connected with the key business districts of the city, Mumbai and Pune, Vashi ranks high on social and civic infrastructure. (Estimated prices - Rs.11,000 per square foot - Rs 17,000 per square foot)

6. Lutyens' Delhi:

Lutyens' Delhi - which includes Aurangzeb Road, Mansingh Road, Prithviraj Road and Shahjahan Road, and neighbouring areas - has long been among the most preferred locations for the country's rich and powerful. Owning a house here means announcing to the world that one has arrived in India's power circle. (Estimated prices - Not given)

7. Greater Kailash, Delhi:

The upmarket residential neighbourhood in South Delhi is home to some of the most affluent families in Delhi. (Estimated prices - Rs.17,000-Rs 22,000/square foot)

8. DLF City Phase-5, Gurgaon:

DLF City Phase-5 offers close proximity to the domestic and international airports and good social infrastructure, rapidly developing physical infrastructure, making it a highly desirable property destination. (Estimated prices- Not given)

9. Golf Course Road, Gurgaon:

The area around Golf Course Road offers a mix of residential and commercial establishments. (Estimated prices of residential condos - Rs.13,000-Rs 19,000/square foot)

10. Boat Club Road, Chennai:

A calm locality situated away from the city, Boat Club Road homes carry an exclusive affluence tag. (Estimated price Rs.27,000/square foot)

11.
Poes Garden, Chennai:

Home to many top notch business tycoons and politicians, Poes Garden is surrounded by lush green trees and considered to be one of the cleanest patches of the city. The area also has actor Rajinikanth's residence to its credit. (Estimated price range - Rs.33,000-35,000/square foot)

12. Sadashivanagar, Bengaluru:

This is one of the traditional luxury destinations in Bengalure. Estimated prices for under construction property here are around Rs 30,000/square foot - the highest residential presales capital value recorded in the city's history.

13. Indiranagar, Bengaluru:

Indiranagar is well-connected with other parts of the city via Namma Metro, Purple Line and the BMTC bus line. (Estimated prices - Rs.12,000-18,000/square foot)

14. Koregaon Park, Pune:

The upmarket area offers top notch high-end luxurious apartments and bungalows. (Estimated residential property prices - Rs.13000-Rs 16000/square foot, depending on exact location and building type)

15. Kalyani Nagar, Pune:

Kalyani Nagar benefits from proximity to the airport and the railway station, making it an ideal destination for IT/ITeS companies. (Estimated residential property prices - Rs.9000-13000/square foot)

16. Boat Club Road, Pune:

Situated along the Mutha River, Boat Club Road offers close proximity to the airport, railway station and the city's primary business districts such as Dhole Patil Road and Bund Garden Road. (Average prices - Rs.13,500 - Rs.15,500/square foot)

17. Banjara Hills, Hyderabad:

The profile of buyers here is largely skewed towards the senior management of corporates, software professionals, doctors, advocates, chartered accountants and businessmen. (Estimated prices - Rs.7,500-14,000/square foot)

18. Jubilee Hills, Hyderabad:

Home to business tycoons, industrialists, film personalities and other high net worth individuals, Jubilee Hills is one of the most expensive commercial and residential locations in India. (Estimated prime land prices around Rs.200,000/square yard)

19. Alipore, Kolkata:

Many reputed business families such as the Singhanias, the Jalans, the Goenkas and the Mittals share this pin code. (Estimated prices - Rs.15,000-Rs 22,000/square feet)

20. Ballygunge, Kolkata:

Convenience, quality lifestyle and connectivity are the main factors that make Ballygunge one of the best living areas in the southern Kolkata. (Estimated prices - Rs.10,000-Rs 12,500/square foot)

Godrej Palm Grove a flagship Project in the Outskirts of Chennai

Godrej Palm grove Situated on NH-4 at only 25 kms from Chennai city, Godrej Palm Grove is a long way from the buzzing about yet well in...