Business Ideas

Here you will find information on various business ideas you can think of.

1. Starting a restaurant or hotel
2. Starting the tourist and transportation business
3. Real estate business
4. Stock Market Trader
5. Agriculture - Greenhouse
6. Filming
7. Photography
8. Script writing

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PCMC

On this page, You will get everything you want to know about PCMC.

PCMC Departments

You can view information about various departments in PCMC as well as get information on getting certificates in PCMC.

RTO in PCMC

You can also get information on RTO and driving license.

Must See places in Pimpri Chinchwad.

1. Appu Ghar
2. Durga Tekdi
3. Bird Valley
4. Snake Park and Zoo
5. Sai Baba Temple
6. Bhakti Shakti

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Types of stock orders

Stock orders can be of below types.

1. Market order
2. Limit order

Market order is the one which is executed at market price of the stock.

Limit order is the order which is executed at specific price of the stock.

Example - You put a order for 100 shares. The current market price is say 80. Then you will have to shell out 8000 bucks to buy these shares. This is called as market order.

In limit order, we specify the price at which we want to buy or sell the shares. In above example, If I had given the limit price as 79, order will be executed at 79. You will have to shell out (79*100) bucks.



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Company categorization In Indian stock markets

Companies with stocks trading on stock markets can be classified into below categories.

1. Large Cap ( > 1000 cr)
2. Mid Cap (between 200 and 1000 crore)
3. Small Cap (<200 cr)

Above categories are based upon market capitalization.

Market Capitalization of the company = no of shares * current market price of each share.

For example - RIL is a large cap company because it's market capitalization is greater than 1000 crore.

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What is SEBI?

SEBI stands for Securities Exchange Board of India.

Key activities of SEBI are -

1. Monitor the stock markets BSE and NSE for any fraudulent activities.
2. Regulate the markets.
3. Listen the investor grievances.
4. Take legal action against companies involved in the fraud.
5. Prevent insider trading.

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Nifty Overview

Just like Sensex, Nifty is the market indicator of the stocks traded on NSE Delhi. In sensex, we have 30 companies. While in Nifty, 50 company stocks are considered for calculating the index.

Below is the list of 50 companies that make up Nifty as of august 2015.

1. Banking - Axis bank, Bank of Baroda, HDFC, Housing development Finance, ICICI, IDFC, IndusInd Bank, Kotak Mahindra, Punjab National Bank, SBI, TCS, Yes Bank
2. Auto - Bajaj Auto, Hero MotoCorp, Mahindra and Mahindra, Maruti Suzuki, Tata Motors, Tech Mahindra
3. IT - HCL, Infosys, Wipro, TCS
4. Telecommunication - Bharati Airtel, IDEA
5. Pharma - Cipla, Dr Reddy, Lupin, Sun Pharma
6. Oil and Gas - Bharat Petrolium, Cairn, GAIL, NTPC, ONGC, RIL
7. Metal - Coal India, Coal India, Grasim Industries, Hindalco, NMDC, Sesa Sterlite
8. Engineering -  Bharat heavy electricals, L & T, Powergrid, Tata Power
9. Cement companies - ACC, Ambuja, Ultratech Cement
10. Miscellaneous - Asian paints, Zee entertainment
11. FMCG - HUL, ITC

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Major stock exchanges in India

In India, we have 2 main stock markets.

1. BSE - Bombay Stock Exchange
2. NSE - National Stock Exchange

Both exchanges open at around 9AM in the morning and trading continues till 3.30 PM in the afternoon.

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Stock Markets Basics

Stock market is the place where stocks of public companies are traded.

For example  - In India, we have 2 major stock exchanges.

1. BSE - Bombay Stock Exchange 
2. NSE - National Stock Exchange

Below is the list of products that are usually sold in stock market.

1. Equity instruments - Stocks
2. Fixed instruments - Bonds
3. Derivatives like options and futures

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How to get documents and certificates in PCMC?

On this page, you will find links giving the information about how to get the various documents like birth certificate, death certificate, marriage certificate, driving license etc in PCMC and PMC.

Please follow below links to get information.

1. How to get driving license  in Pimpri Chinchwad (PCMC)?
2. How to get marriage certificate in PCMC?
3. How to get Voter ID card in PCMC?
4. How to get Aadhar card in PCMC?
5. How to get PAN card in PCMC?
6. How to get Gas connection in PCMC?
7. How to get Birth certificate in PCMC?
8. How to get death certificate in PCMC?

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Complete guide to investing in Indian Stock Markets

Hello friends, On this page you will find all information related to investing in Indian stock markets.

Overview of Stock Market

1. Introduction to stock market
2. Major stock exchanges in India
3. Sensex overview
4. Nifty overview
5. What is SEBI?
6. Types of companies - Large cap, mid cap and small cap
7. Stock rating agencies in India
8. What is an IPO?
9. Difference between debt and equity

Orders and Trades

1. Types of orders - limit and market
2. Difference between order and trade.
3. What is Contract note?
4. What is the meaning of short selling?
5. What is the difference between futures and options?
6. Concept of squaring off the position.
7. What is Intra-day trade?
8. What is the importance of margin trading? 
9. How to borrow securities in Indian stock market? 
10. When to exercise the option?
11. How to make money in bearish market? 
12.  Taxes and stamp duty fees for executing trades in stock exchanges?
13. Type of Security Instruments
14. Types of Stocks - Ordinary and Preferred
15. Dividends overview
16. Corporate actions types
17. Difference between ex-date and record date
18. What is face value of the stock and how is it different from stock price?  
19. What is block deal?
20. Difference between open market and OTC market?
21. Volume of trades

Corporate Actions

1. Understanding stock split
2. Introduction to Bonus share
3. Difference between stock split and bonus share

Understanding financial health of the company

When it comes to analysis of stock, there are many strategies out there. You can follow these articles on investment strategies for more details.

1. Understand business model and industry competitors
2. Debt
3. Compounded annual growth rate
4. Current and future Cash flows (Scope of growth in future?)
5. Promoters and Management of the company
6. Book Value of Company
7. Retained earnings
8. Balance sheet
9. Earnings per share
10. Debt to equity ratio
11. Share Holding pattern
12. Dividend yield
13. Profit and loss (Income statement)
14. Reputation
15. Intrinsic value of the stock

Trading in BSE/NSE

1. What is demat account?
2. Which are the major demat account service providers in India?
3. How to open Demat account in ICICIDirect?
4. What are the charges for trading in Indian stocks?
5. How to place the order to buy or sell shares?

Stock Market Tips and other topics

1. How much money we can make in stock market?
2. Tips to choose the stocks to invest
3. Stock market tips and advice

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Dividends overview

Definition

Dividend is the amount paid by the company to share holders. When company makes profit out of the business, it may decide to pay some amount to shareholders in the form of dividends.

Dividends can be paid in 3 forms.

1. Cash amount
2. Dividend reinvestment plan
3. Share repurchase

Why are they paid? Is it mandatory to pay dividends? Any laws of SEBI?
Dividends are paid to create the trust among investors and retain existing investors. Frequent dividend payments also attract new investors for the company.

When they are paid?
Some companies have fixed schedule when they issue the dividend. While others may issue the dividend at any time. Board of the company takes these decisions. In Indian context, companies usually pay dividends on annual basis.

Important dates related to dividends
Here is the list of important dates.

1. Declaration date - Date on which dividend announcement is made.
2. Payment date - Date on which actual payments are made to the eligible share holders
3. Ex-Dividend date - This is very important date. All share holders owning the shares before this date would be eligible to get the dividends. So if Ex-dividend date is 30-Aug-2015, then you would get the dividend if you had bought the shares before 30-Aug-2015.

How much are they paid? What factors influence dividends
Dividend amount is decided by the company investment manager. Dividends are usually paid per share basis. For example - Infosys declared a dividend of 60 Rs. per share in 2015. So if you had 1000 shares of infosys, you would have received 60000 Rs. in the form of dividends.

Tax on dividends
Different countries have different rules on dividend taxation. For example - In India, shareholders receiving the dividend amount do not need to pay the tax While in other countries small amount of tax is levied on the dividend amount.


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Tips to choose the stocks to invest in stock markets

Here are some of the tips for choosing the stocks to trade in stock markets. These tips are generic and can be used across all markets like India, China, UK, Australia, USA, Canada or Germany or any other stock market in the world.

1. Look at the company's growth rate for past few quarters.
2. Check if there is a debt on the company.
3. Take a look at balance sheet which will give details about the profit, loss, assets and liabilities. Invest in the stock of the company having better balance sheet.
4. Take a look at credit rating (by standards and poor's or Dun and Bradstreet) of the company.
5. Take a look at dividend history and bonus issue history. This is important if you are planning to invest for very long time.
6. Compare with sector performance
7. Compare with Market performance
8. Check the volume of the stock
9. Compounded annual growth rate?
10. Earnings and cashflows

If you are not able to decide which stocks you should bet on then look at above parameters and compare them with other stocks. Companies with low debt and high growth rate are worth investing money for long term. Mere profit is not enough for the stock price to soar but the growth in profit is what matters!

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What is Sensex?

Sensex is the indicator of how indian stock market is performing. It is tied to the BSE (Bombay Stock Exchange).

It is calculated on the basis of 30 blue chip companies in India.
Here is the list of 30 companies that make up sensex.

1. Oil and Gas - RIL, GAIL, ONGC, NTPC
2. IT - Infosys, Wipro, TCS
3. Banking Sector - Axis bank, SBI, ICICI bank, HDFC bank, Housing development finance
4. Auto - Maruti Suzuki, Tata Motors, Bajaj Auto, Hero Motocorp, Mahindra and Mahindra
5. Engineering - L&T, Bharat heavy electricals
6. Telecommunication - Bharati Airtel
7. Pharma - Reddy, Cipla, Lupin, Sun pharma
8. FMCG - HUL, ITC
9. Metal Sector - Coal India, Tata steel, Hindalco, Vedanta

As of 30 Aug 2015, the sensex value is 26392. This value keeps on changing as shares of the above
companies are traded on the stock exchange. Many companies provide stock market data on their websites like Bloomberg, Reuter.



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Process to launch the residential project in PCMC.

Please follow below steps.

1. Checklist while buying the plot
2. Documents required at the time of buying/selling plot? Conveyancing
3. Various government departments like Corporation, Registrar office, Revenue, Consumer Court
4. How to apply for water connection and sewage connection?
5. How to apply for electricity connection?
6. How to get Fire fighting certificate?
7. How to make a project plan?
8. Bank loan for buying the NA plot?
9. Bank loan for building construction?
10. How to get personal documents like birth cert, ration card, aadhar, voter card

You may also like how to launch a residential project in India.

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Various government departments in Pimpri Chinchwad

Here is the list of various government departments.

1. PCMC - Main municipal body 
2. Registrar and stamp - Your property documents are registered at this office.
3. Revenue department 
4. Consumer court - You can lodge your complaints here.

PCMC has below sub-departments.

1. Building permission
2. Health
3. Water department
4. Town planning department
5. Fire Fighting

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What is capital gain tax?

Capital gain tax is the tax you have to pay to the government on the capital gain.

Capital gain is nothing but the profit you earned out of any transaction of property. So if you buy a land for say 50 lacs today and sell it for 70 lacs few months down the line, you will have to pay tax on capital gain amount (20 lacs).

So you may be taxed 10% or 20% based on your tax bracket.

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What is home loan interest rate?

Interest rate is the rate at which you borrow loan amount from bank.
There are 2 types of interest rates.

1. Fixed interest rate
2. Variable rate (Floating rate)

Interest rates of each bank are different from others. Mostly In India, loans are disbursed at 10% interest rates. 

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What is the meaning of Foreclosure/default?

Many of us take a home loan to pay for the flat or shop. The money is paid back to bank in the form of EMIs (Equated monthly installments).

But consider a scenario where in you are unable to pay the EMI due to job loss or any other personal emergency. This inability of the borrower to pay back loan amount is called as default.

In this case, bank will be at loss if they could not get their money back. So bank tries to recover the money from borrower by auctioning the property through legal process. This process is called as foreclosure.

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What is the valuation of the property?

Valuation is the process used to find out the current market value of the property. Over a period of time property value usually appreciates.
So if you buy a flat today for 30 lacs, then after 3 years same flat price may be say 40 lacs.

Below factors are considered while calculating the valuation.

1. Location of the property
2. Access to public transport system
3. Average market rate of other similar properties in the area.
4. Any interiors carried out in the flat or shop.

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What is sale of deed?

Sale of deed is the agreement between buyer and seller stating the terms and conditions of the transaction. Sale of deed is generated when buying a flat or shop or any other property. It's also called as kharedi khat or conveyance deed.

Sale of deed mentions below things.

1. The location of the property and area of the property.
2. Cost of the property
3. all other terms and conditions of the deal

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What is 7/12 in real estate?

7/12 is the term used in Maharashtra real estate market. 7/12 documents (extracts) give information about land details.

Key things to note about 7/12 are given below.

1. It mentions the survey number of the land.
2. It mentions the owner of the land and size in acres or hectares.
3. It also mentions whether land is irrigated or not irrigated.
4. It also gives information about if land owner has taken any loan on the land or not.

Government of Maharashtra has launched new website called as Mahabhulekh where you can view 7/12, 8A and other land documents.
To view 7/12 of any property in Pune, you can visit http://pune.gov.in/webrcis/aspx/saatbara.aspx

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What is the meaning of Freehold property?

Freehold property is the one which is not leased to anyone and current owner has exclusive right to it.

Many times properties and land are leased for very long duration of time. Some times in 100 years. Such properties are not called as freehold as we can not transfer the title of such properties.



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Token amount or Bayana in Property transaction

When you buy the property, you usually do not pay entire amount on the first day. Because you have to complete a lot of other formalities like paying stamp duty and registration etc.
So Buyer usually pay small amount initially to book the property. This amount is called as token amount or bayana.

Example - You want to buy the flat from seller for say 40 lacs. So you will pay say 1 lac as a token amount. 39 lacs will be paid when the documents as signed and sale of deed is registered.

This is a positive scenario. But what if the deal is cancelled after you paid token amount? Will you get back your money? To mitigate the risk in such situations, you should always make small agreement between you and seller of the flat stating terms and conditions like when the rest of the money will be paid, when registration would be made, in case of cancellation what course of action will be taken etc.

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Land zone types in Pune

There are mainly 5 types of land zones in Pune, India.

1. Agricultural Zone (Green zone)
2. Forest Zone
3. Defense Zone
4. Residential Zone (R zone). It is also called as NA land
5. Government town planning zone

Agricultural land can be used for only cultivating the crops. You can not start real estate project in Green zone. But you can definitely convert green zone into R-Zone with the approval from Collector of the region. This is a time consuming process but not impossible.

Forest zone is a land reserved for maintaining environmental balance. Usually government owns such land.

Defense zone is a land reserved for defense forces of India. For example - Land near dehu, khadki, Dighi, NDA is reserved for defense purposes.

Town planning zone is used for building government offices, schools, public gardens etc.

Residential zone is the one in which you can launch real estate projects.



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What is floor rise rate and base rate?

When you go to book a flat, builder will give you different rates for the flats in the same building.
There are 2 types of flats.

1. Ground floor rate
2. Floor rise rate

Let us consider a hypothetical scenario.

Suppose building is going to have 12 floors. Some builders will charge you 7000 Rs per sq. ft. for all flats till 4th floor and extra 25 Rs per sq.ft. for each floor above 4th floor. So if you want to book a flat on 6th floor, you will have to shell out 7050 Rs. per sq. ft.

There is no rule as such which makes builders charge you more. It's just that builders want to earn more money out of you for booking a flat at higher floor as many customers like to live higher.

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What is the difference between allotment Letter and possession Letter?

Allotment letter is the letter specifying which flat you are going to buy in the under construction building. Allotment letter is required as a part of the documents required for bank home loan application.

Possession letter is the letter which allows flat buyer to occupy the flat in completely constructed building legally. You can go and live in the apartment or flat with out possession letter.

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What is building completion certificate?

When building is completely constructed, you can not go and live in it immediately. Before that, you need to get the approval from corporation saying that building construction has been carried out as per the laws and regulations laid out in various acts.

Engineers from various departments from corporation (like fire fighting, sewage, structure, town planning) visit your site and if all of them survey your building for any deviations. If the findings are good from all departments, corporation issues the completion certificate.


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What is housing society?

Housing society is the community of people living in same building or complex and it is formed as per the government act.

Usually when new building is constructed, housing society is formed by the developer. Each housing society has a chairman and secretary who take care of maintenance of the society.

When some member of the society sells his flat, that member is replaced with new member (Buyer of the flat) for a fee.

Main activities of secretary of the society are given below.

1. Ensure that building premises are clean
2. Hire sweeper, electricians etc to carry out any repairing works.
3. Carry out monthly meetings to understand the problems of the members.
4. Celebrate festivals like Ganpati, holi etc.

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What all permissions are required to start the new residential project in Pune?

You will need to get below permissions from the corporation before starting the new residential project.

1. Title report of the land
2. Layout plan
3. Approved blue print (Architectural plan)
4. RCC design certificate
5. Clearance from environment department
6. Clearance from Sewage department
7. Clearance from Fire fighting department

After all the documents are submitted to Corporation, engineer will visit the site and if everything goes well, commencement certificate is issued giving you permission to start the construction.

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What is stamp duty and registration?

Stamp duty and registration is required when you buy a flat or shop or any other property. It's a document of proof that you are the owner of given property.

What are the charges of stamp duty in Pune?
Stamp duty charges are around 6% of property value in Pune. So if you are buying the flat of 30 lacs, you will have to pay 180000 Rs. as stamp duty to the government.

What are registration charges?
Registration charges are 1% of the property value. For example if you are buying the flat of 30 lacs, you will have to pay 30000 Rs. as registration fee to the government.


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Checklist while buying the plot in Pune

There have been many cases in the past in which same plot has been sold to multiple people duping all of them to the tune of millions of rupees. So it's very important that you take precautions while putting your hard earned money into plot.

Here is the checklist you need to focus while buying the plot.

1. Finalize the locality which has potential to grow in near future. Beware of any garbage dumping site near the locality.
2. Once you finalize the locality of the plot, find out the development plan (DP) of the area. You can get the DP plan from corporation or similar council body.
3. Verify that plot comes under non agricultural status (NA).
4. Get 7/12 from council.
5. Verify that plot is not in green zone reserved for forests or any other government buildings. Owners of such plots tend to sell it to earn quick money.
6. Verify that plot is not ghuntewari. This term is used in Pune where in plots are sold without any DP plan. Pune muncipal corporation has recently stopped registration of such plots and buildings.
7. Check that plot is accessible to main road. 

Once you are happy with all above things, go ahead and follow below steps.

1. Hire an advocate to find search and title report
2. Give notice in newspaper stating your intention to buy the plot.
3. Finally make the payment and register the plot on your name.

After you buy the plot, take below steps.

1. Put the fence around your plot
2. Raise the board stating This plot belongs to XYZ and trespassers will be prosecuted.
3. Keep an eye on your plot after every few weeks to ensure that no one is trying to encroach your plot.

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What is power of attorney?

Consider a scenario wherein you are on an assignment abroad and you want to sell your property in India without coming to India. Is it possible? No you can not sell your property without coming to India. You will have to be present to sign the documents to close the deal.

So is there any other way to fix above problem? Yes - You can ask someone close to you to carry out the deal on your behalf. That's when power of attorney comes into picture. Power of attorney is the legal document giving the attorney (person close to you..Usually blood relative) full rights to execute the financial transactions on your behalf.

This is very useful concept especially for people living abroad. It saves a lot of money and time.

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What is the difference between sathe khat, kharedi khat and registration?

Sathe khat is the contract between buyer and seller of the land in which buyer of the property agrees to buy the property at specific price in future date.

Kharedi khat is the contract between buyer and seller of the property in which title of the property is transferred to the buyer from seller. It is also called as conveyance deed.

Registration is the legal procedure in which buyer of the property registers it on his or her name with the government registration department (also called as haveli in Pune).

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What is the difference between carpet, floor area and built up area?

Carpet area

Carpet area (also called as floor area) = actual usable area

Built up area

Built up area = carpet area + walls area

Super Built up area

Super built up area = built up area + common area in the building like lift, stairs, podium

More information can be found on this site.

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How many floors or flats we can construct in plot of given size in India?

Many times people wonder how many floors can be constructed on the given plot.
Answer to this question is not fixed as it depends on many factors as mentioned below,

1. City laws
2. FSI in specific Zone or locality in the city
3. Road connectivity to the plot
4. Budget

So for each city and each zone in the city, we can have different rules or FSI set by government town planning department.

Examples -

In Pune, in most of the parts of the city FSI is 1.5 While in Pimpri chinchwad FSI is 1. FSI is usually high near railway stations and major bus stands due to high population density.

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Difference between notarized and registered rent(lease) agreement

Rent agreement is a legal contract done between landlord and tenant.
There are 2 types of rent agreements in India.

1. Notarized
2. Registered

The notarized rent agreement is the one which can be executed by authorized advocate (also called as Notary) on 500 Rs. stamp paper. It's fairly simple process. Tenant and landlord needs to sign the contract along with 2 witnesses. 

 

While registered rent agreement is the one which has to be executed by paying stamp duty and registration fee at registration office. In case you are buying a car or bike, you need to submit the registered agreement with RTO office. They will not accept notarized one.

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What is 1 gunta in real estate?

Gunta is used to measure area of the land.

1 Gunta = 1089 Square feet = 101 square meters = 121 square yards
40 Gunta = 1 acre
1 hectare = 2.5 acre

Gunta is widely used in Maharashtra in India. Gunta is usually used to measure residential plots (Non - Agricultural land)

While Acre and hectare are used to measure agricultural land.

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What is FSI in Real estate?

The full form of FSI is Floor space index. It is used to indicate how much area you can build in a plot of given size. FSI is also called as Plot ratio or Floor area ratio.

FSI  = Total floor area / plot area

So if you have built 2 story building with 4 flats of 500 sq ft each on the plot of area 2000 sq. ft, then FSI would be 1. (2000/(500*4)).

FSI is set by government body in each city. There can be different FSI in different parts of the city.
Higher FSI means more construction in given plot. While lower FSI means less construction in given plot.

FSI is usually high in densely populated area like main city area.


What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

Real Estate Terms - Glossary

On this page, you will get all information about real estate terms used in India.
All terms related to land, property, flats, shops and buildings are included here.

Architecture related topics

1. What is FSI?
2. What is Gunta, acre, sq ft, sq mt?
3. What is carpet area, built up area, super built up and salable area?
4. Load factor
5. What is blue print?

Bank related topics

1. What is amortization period?
2. How much home loan I would be getting if I have x amount of salary?
3. What is capital gain tax?
4. What is home loan interest rate?
5. Bank loan process for purchasing flat
6. Bank loan process for purchasing shop?
7. Foreclosure/defaults
8. What is the valuation of the property?

Real estate transaction related topics

1. Difference between notarized and registered agreement
2. How many floors you can construct?
3. Difference between sathe khat, kharedi khat and registration?
4. Documents required at the time of buying/seling flat?
5. Documents for buying/selling shop and office?
6. What is power of attorney?
7. What is stamp duty and registration?
8. What all permissions are required to start the new residential project?
9. What is housing society(body corporate)? How it is formed? 
10. What is sale of deed? 
11. What is 7/12?
12. What is TDR?
13. What is DP?
14. Bayana / token amount 
15. Freehold Property
16. Land Zone types in Pune
17. Floor rise rate and base rate
18. letter of allotment
19. Completion certificate
20. http://info.propertywala.com/how-tos/real-estate-glossary/

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

How to double your money in short time in India?

Everyone wants to be rich, hang out in a luxury car, go on a vacation to Switzerland. Only thing that can make all these things happen is money. So I don't need to tell you how important money is!

With more money, you can enjoy more! So why not to grow your money?

There are a lot of ways to grow money. But smart investors will invest in only those options that will give them maximum returns.

What if you could double your money very quickly say within couple of months? Does it sound like a scam? 

No! With proper investment and positive attitude, you could do this. I can claim this based on my past experience and yes you can also try the strategy.

The easiest way to double your money in a short span of time is to invest in land (Plot) and build residential or commercial projects.

As you can see, only residential project can turn to be the best possible option to double your money.

Many people counter my argument saying you need lot of cash in hand to invest in plots and develop the building but you can definitely form a joint venture where you will have to invest less amount of money but you can definitely double your money.

Consider a hypothetical scenario. 

You buy the plot of 3000 Sq.ft (3 Gunta) for say 30 Lacs. Then few months down the line, you develop a residential building.

Case -1  (Building with 4 floors in case of 1.3 FSI)

You built the 4 story building with 4 flats on each floor. So in total, you will build 16 flats. Let us assume construction cost is 40 lacs. So total invested money is 70 lacs. Now let us say 1 flat is sold for 15 lacs each. Total revenue generated in this case will be 2.4 crore. So you will earn approximately 1.7 crore.(Your 70 lacs grew to 2.4 crores = 242% returns)

Case -2  (Building with 3 floors in case of 1 FSI)

You built the 3 story building with 4 flats on each floor. So in total, you will build 12 flats. Let us assume construction cost is 30 lacs. So total invested money is 60 lacs. Now let us say 1 flat is sold for 15 lacs each. Total revenue generated in this case will be 1.8 crore. So your net profit would be approximately 1.2 crore.(Your 60 lacs grew to 1.8 crores = 200% returns)

Case -3  (Building with 2 floors in case of less than 1 FSI)

You built the 2 story building with 4 flats on each floor. So in total, you will build 8 flats. Let us assume construction cost is 25 lacs. So total invested money is 55 lacs. Now let us say 1 flat is sold for 15 lacs each. Total revenue generated in this case will be 1.2 crore. So your net profit would be approximately 65 lacs.(Your 55 lacs grew to 1.2 crores = 118% returns)

Case -4  (Building with 4 flats in case of least possible FSI)

You built the 1 story building with 4 flats. Let us assume construction cost is 20 lacs. So total invested money is 50 lacs. Now let us say 1 flat is sold for 15 lacs each. Total revenue generated in this case will be 60 lacs. So your net profit would be approximately 10 lacs. (Your 50 lacs grew to 60 lacs = 20% returns)

Some people may argue that we can get similar kinds of returns in stocks as well. But the fact is that stock investment is very risky as compared to the property. So if you want to be successful and rich in your life, please join our joint venture.

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

How to grow your money in India

Many people want to be rich and to become rich you need to have more money.
One possible option is to grow the money that you possess.
Here is the list of popular ways to grow your money in India.

1. Fixed deposits in any of the banks (9%). This option is considered as the most safest option. You get around 9% returns on your investments. So if you invest 10 lacs today as a fixed deposit, next year you will get approximately 11 lacs and that's certainly going to happen. There is no risk involved in this option unless bank goes bankrupt which is a rare scenario.
2. Mutual funds - 10-30% - Mutual funds can also give you good returns and they are less riskier as compared to the stocks. Downside is that Mutual funds invest in stock markets, so if stock market remains choppy for 1 year, you may end up in 0% returns or even incur loss if fund performs really bad.
3. Forex - 10-30% - Forex is also another option that could help you grow your money. In this option, We buy certain amount of foreign currency and then sell it later on when the value of currency appreciates. You need to do a lot of research of foreign currencies in this method. Also there is risk of no return or even loss.
4. Stocks - (10-30%) - This is the most risky investment option. But at the same time, you can become rich very quickly if you are lucky. Say for example you invest in Tata Motors stock today and tomorrow company declares very impressive results resulting in spike in share price. Along with the share price, your money will also grow. If stock price appreciates by 10%, your returns will be 10% in 2 days times. Just compare this returns with the ones you might have got had you invested in Fixed Deposits. You will have to wait for 1 year to get same returns in fixed deposits. But reverse case is also possible. If some bad news comes related to Tata Motors, you might lose your money.
5. Property - 10-30% - This option has been historically very popular among people. The population is growing but land is not. So the demand for land is growing day by day in cities as well as villages. We have seen sudden spikes in property rates in certain Indian cities due massive and rapid urbanization. I have never heard property prices going down in my life. It might happen but it's a very rare scenario.
6. Residential project - 100% - Investing in land is one thing and cashing in on your open plot is another. If you buy plot and develop it into residential or commercial building, you could double your money very quickly.

If you think that I have missed any other options, please leave a comment.

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

Invitations for Joint ventures in Residential Projects in and around Pune and Primpri Chinchwad

We are a firm - Salunke Enterprises with interests in real estate industry in and around Pune. We are looking for potential partners for starting the joint ventures in residential projects.

If you are interested in the proposal, please send me an email at reply2sagar@gmail.com for further details.

Few important things you should know are given below.

1. The areas we are interested in are Kiwale, Dehu, Talegaon, Gahunje, Baramati, Loni Kalbhor, Hinjewadi. This list will grow over a period of time.
2. Minimum investment you will need to make would be more than 10 lacs.
3. Cost and Profit sharing will be done on % sharing basis. For example - If you invest 30% in the cost of the project, you will get 30% of the profit earned out of the project.
4. Maximum number of partners would be 4.
5. We would hire people to get things done. The entire process would be transparent. The contracts would be awarded to firms (like steel supplier, land supplier etc) based on tender (Quotation) process.   
6. We would hire professional agents to get all approvals from corporation (PCMC / PMC) required for the successful commencement and completion of the project.

If you want to be a part of the joint venture, kindly reach out to me on reply2sagar@gmail.com

Many people from various professions (software/IT professionals, Doctors, Salaried people)  have partnered with us. Now it's your turn to change your life.

Any suggestions are welcome! 

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

Launching a new residential project in India

Investment in the land is always considered as the low risk and high return option. 

Building a residential project could make you rich in quick time. The most important thing that you need to start the residential project is the initial capital money.

How to fund your residential project?

Well - First thing that you will need is NA (Non-agricultural land) Plot. The amount of funds required for the residential project depends upon the size of the project, area of the plot and location of the plot.

Let us imagine that you want to buy the plot in the outskirts of Pune, Baramati, Jejuri, Saswad, Loni Kalbhor, Dehu, Kiwale, Gahunje or Talegaon. You can easily get a 3000 sq. ft plot for around 25 to 50 lacs in the outskirts of Pune.  

Below is the list of possible options to raise the funds to buy the plot.

1. Your savings
2. Bank loans against the plot
3. Personal loan
4. You may try to arrange funds from your friends or family in case you are short of money.
5. Another option is - You may get in contract with other party as a part of Joint Venture. In this scenario, ensure that other party or person is trustworthy and you have close ties with them. If the cost of plot is 1 Crore, you will have to shell out just 50 lacs! If there are 3 partners, you will have to shell out just 33 lacs and with 4 partners you will have to shell out just 25 lacs! Just imagine how easily you could become the owner of such a big residential project. Beware - Profits will also be shared :(  

Buying the plot

Wonderful! Now that you have managed the fund to buy the land, it's the time to nail down the plot! You could appoint the real estate broker to help you find out plots in your budget. Brokers usually charge around 2% amount of the deal as their fees. If you have enough time, you can yourself go and hunt the property. This is a time consuming process so you need to have patience! 

Key things to consider while buying the plot are mentioned below.

1. Location
2. Title of the land
3. Area of the plot  
4. 7/12 extract

If you are happy with all above parameters, go ahead and register it on your name with local department of registration and stamp. You will have to pay stamp duty and other taxes while registering the sale of deed.

General overview - Residential project launch

Okay! You have done great job so far! Now It's the time to launch your residential project.  

Follow below steps.

1. Make the architectural plan of your project with the help of architects.There are a lot of freelance architect who can make the plan for you at very low costs .
2. Get your plan sanctioned from local council body.
3. Get the construction commencement certificate from local council body.
4. Advertise your plan to launch the project through different channels like newspapers, websites, social network and mouth marketing.
5. Potential customers contact you and invest in your project. Use the money paid by customer to clear the project costs.  

What kind of skills and people you will have to connect with?

Below is the list of professionals/ skilled people you will have to connect with.

1. Advertisers
2. Architects
3. Civil Engineers
4. RCC engineers
5. Labour
6. Brick Layer
7. Carpenter
8. Painter
9. Electricians

What are the different material suppliers you will need to connect with?

Below is the list of material suppliers you will have to connect with.

1. Steel traders
2. Brick suppliers
3. Cement Suppliers
4. Sand suppliers
5. Tiles and fittings suppliers
6. Hardware suppliers 

What are the legal aspects of the residential project?

You will have to follow all rules and regulations laid out by local council. key things to note are -

1. Getting water connection
2. Getting electricity connection
3. Getting Sewage connection
4. Building completion certificate
5. Building occupancy certificate

What after project is completed?

You will have to carry out below things post-completion of the project.

1. Hand over the flats to customers.
2. Register the society under government act.
3. File various taxes to comply with government laws.

What are the major challenges in completing the residential project in India?

In India, we all know that any government related work does not move without paying bribes. Even though situation is improving under Modi Government and due to the agitations by Anna Hazare and Kejriwal, we can't deny the fact that ground reality has not changed at all.

We have to pay EXTRA money to get approvals for various documents. That's the reality and the most challenging part of any residential project. If you could manage to establish links with bosses in the local municipal corporation by hooks or crooks, no one can stop you from realizing your dream of being a real estate developer and amassing the wealth like others!

If you are looking for joint ventures, kindly contact me on reply2sagar@gmail.com Please note that minimum budget from your side must be 10 lacs or more :)

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

Top 20 English songs of all time

Here is the list of top 20 English songs of all time. Enjoy them. Have fun

1. Michael Jackson - Thriller
2. Michael Jackson - Heal the world 
3. Michael Jackson - Pretty Young Thing PYT
4. Michael Jackson - Black and White
5. Michael Jackson - Human Nature
6. Michael Jackson - Earth
7. Michael Jackson - Smooth Criminal
8. Pitbull - Get on the floor
9. Pitbull - Rain over me
10. Pitbull - Give me everything tonight
11. Rihanna - I love the way you lie 
12. Rihanna - We found love in hopeless places
13. Wayne- Mirror on the wall
14. Justin  - baby baby
15. Shakira - I dare you ..lalalalala
16. Waka Waka

If you want to add songs in this list, please leave a comment.

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com

Best startups in India

Here is the list of best startups in India.

1. Ola Cabs
2. Zomato
3. Snapdeal.com
4. Flipkart.com
5. Paytm
6. Housing.com
7. Pepper.com
8. InMobi
9. CredR

What do you think on this topic? Please express your opinion or ask any question through comment below. You can write to me at reply2sagar@gmail.com