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Archive for the ‘Investment / Business’ Category

Home loan and purchase tips for you

Monday, December 22nd, 2008

Home buyers looking for flats and apartments to purchase on the outer fringes of Mumbai and other cities like Nashik and Pune will benefit the most from the reduction in the interest rates by public sector banks recently. Public sector banks announced that home loans up to Rs. 5lakh would be given at a maximum interest rate of 8.5%, while those between Rs. 5lakh and Rs. 20lakh would be offered at 9.25% (these rates could fall in the near future also).

However this will have almost no impact on the Mumbai market at all. “The Mumbai market will not be affected by this decision as no flat in the city is below Rs 20 lakh. For larger metros, the limit should have been set at Rs. 50lakh,” said Boman Irani, chairman of the Rustomjee Group, which is setting up middle-income housing projects across the city including the suburbs like Bandra and Santacruz. This is obvious as the property purchase prices in Mumbai Suburbs like Bandra, Santacruz, Goregaon and Andheri range from Rs 20,000 to Rs 7,000 per sq feet. So a 1000 sq feet property in Mumbai’s suburbs would cost anywhere from Rs 70 Lakh onwards only.


Real estate consultant Ashok Narang said that the ground realities are different when it comes to disbursement of loans by banks to lower income people. “Bringing down the interest rate won’t help, “he said.

Said Anshuman Magazine, chairman & Managing director, CB Richard Ellis, South Asia:”Although this is expected to have some impact on the market, it won’t be a significant one. It would have made a large correct,” he said. Impact if the limit had been increased to Rs. 40lakh. Besides, confidence levels are waiting for prices to Mumbai-based developer Pujit Agarwal said over the past four years when the market was booming, most developers had stopped catering to the lower income group and ware only concentrating on high value products. The interest cut will lead to a flurry of developers catering to this segment now.”

Find Free classified listings for Real Estate in Bandra, Bandra Kurla Complex, Khar and Santacruz, Mumbai.

Almost all the prominent builders have announced projects for lower income groups in the recent days and are looking to make small dwellings in far flung suburbs to make the most of the governments latest policies.

Here are 9 important things you should know before planning to purchase a new property in Mumbai Suburbs or for that matter anywhere:

1. Check for rate of property currently going on in that location by asking few people or property agents (some top property brokers listed here - click here).

2. Check the credentials of the builder and his reputation to provide quality and amenities as promised earlier.

3. Check if the home you purchasing has well maintained society registered properly so that most of the legal matters are taken care and you are at lower risk of being cheated.

4. Check both Original documents before giving token money for the deal.

5. Check if that property can get Loan from banks.

6. If property is old you can benefit and save money during paying stamp duty payment to be given. So find out assessment letter for Municipal Corporation for same.

7. Check if the space area quoted for is on Carpet, built up OR super built up basis to avoid a dispute later.

8. Check if it CIDCO or BMC approved, or alternately if property is old then proper Completion Certificate, OC, Plan Copy and saat bara utara (7-12 utara) documents there with seller.

9. Ask your advocate to calculate required Stamp Duty and Registration Fees with advocate fees and be ready.

Find Free classified listings for Real Estate in Bandra, Bandra Kurla Complex, Khar and Santacruz, Mumbai.

 

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Government Jobs - Government of India on hiring spree

Sunday, December 21st, 2008

Government of India owned banks like State Bank of India (SBI) and India’s largest Insurer, Life Insurance Corporation (LIC) are gearing up for recruitment of around 45,000 people. LIC, Life Insurance Corporation, plans to increase its workforce by hiring almost 10,000 people by March 2009.

LIC - Life Insurance Corporation, which has a 78 per cent market share in the Insurance Business in India, has already started the recruitment process, to give more feet to its marketing team. Life Insurance Corporation plans to induct around 5,000 professionals in its marketing, while the remaining will be placed in its administrative divisions.


State Bank of India (SBI), India’s biggest Bank has started recuiting to support its fast expanding network by giving a requirement of about 20,000 clerical staff and around 5,000 supervisory staff. SBI - State Bank of India is also planning to recruit more than 1,300 customer relationship executives for itself and its associates- State Bank of Bikaner and Jaipur, State Bank of Hyderabad and State Bank of Travancore. Click here for details.

Union Bank plans to recruit 5,000 people that would fill the shortage of officals in their new branches and also Union Bank has plans to hire around 4,000 officers and 1,000 clerical staff this year.

Find more Banking and Insurance Jobs - CLICK HERE

Other leading public sector bank, Bank of India (BoI) and Bank of Baroda (BoB) too are going ahead with their recruitment plans despite the slow down in economy. Bank of India plans to hire around 1,737 people to man its expanding network. This include 500 officers, 500 clerical staff and 237 specialist officers in the next three to four months. Bank of Baroda is planning to hire 1,950 people including 1,000 clerical staff.

Find more Banking and Insurance Jobs - CLICK HERE

Chennai headquartered state-owned bank, Indian Overseas Bank plans to scale up its staff strength by March by adding 1,000 clerical staff and 200 probationary officers.

Punjab National Bank will hire 2,000 persons in the next four months.

Find Banking and Insurance Jobs - CLICK HERE


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Find and post free Bandra, Khar, Bandra Kurla Complex and Santacruz employment job classified ads for BPO jobs, call center jobs, retail jobs and stores sales jobs , fresher jobs, engineering, sales jobs, travel jobs, finance jobs, accounts jobs, marketing jobs, IT jobs, media jobs, software jobs, telecom jobs, Hospitality, Medical Jobs, Architects+Interior Decorators and other local jobs in Bandra and around Bandra in Mumbai. Work from home jobs and Part Time Jobs also listed for free. Jobs for Acting and Modelling , Banking jobs and Insurance jobs, Finance and Accounting Jobs also listed.


Sales and Marketing Jobs in Mumbai

Thursday, December 11th, 2008


Job in Mumbai 1)  Marshalls The No.1 Wallpaper Co is looking for 6 Showroom Sales Executives with Graduate Degree. Both Male and Female candidates can apply for the Job but would need 2 years work experience.
Interview At:Marshall House, off Moses Rd, Behind Phoenix Mill, Worli. Click here for details

Job in Mumbai 2)  Marketing Consultants Required by MIT Sytems Pvt Ltd in Mumbai. Consultants having minimum experience of 5-7 years and ready for work on this job on Commission Basis are welcome. Click here for details.


Job in Mumbai 3)  Vacancy for Back office tele marketing executive Job at Creative Web Mall. Creative Web Mall is an established IT company providing turnkey web design and development solutions that transforms business style of its clients through the creative application of technology, collaborative planning, mutual preparations and new approaches. We are dedicated to providing the most accurate, expert valuations and advice based on a sound understanding of online business strategies. Our services include Strategic Business Consulting, Web Solutions & Maintenance, e-commerce applications and Solutions and website promotion services. Devoted to solving multifarious business and technology confronts, Creative Web Mall seeks experienced and technology competent professionals. Our organization builds confidence with our employees, clients, and partners through our dedicated hub on results, quality, veracity, novelty, and approachable services.
We are looking for back office telemarketing executives. Candidates for this job must have good hold on english, basic internet knowledge. Even Bcom graduates can apply. Training will be given. Click here for details.

Job in Mumbai 4)  S K International in Mumbai requires Marketing, Operators and Executives. Click here for details.

Job in Mumbai 5)  Shubhlbh Enterprises Requires Sales Officers and Executives in Dadar, Mumbai.
At:Shubhlbh Enetrprises, Deorukhakar Rd, Dadar(E). Click here for details.

For More Sales and Marketing Jobs CLICK here

Find and post free Bandra, Khar, Bandra Kurla Complex and Santacruz employment job classified ads for BPO jobs, call center jobs, retail jobs and stores sales jobs , fresher jobs, engineering, sales jobs, travel jobs, finance jobs, accounts jobs, marketing jobs, IT jobs, media jobs, software jobs, telecom jobs, Hospitality, Medical Jobs, Architects+Interior Decorators and other local jobs in Bandra and around Bandra in Mumbai. Work from home jobs  and Part Time Jobs also listed for free. Jobs for Acting and Modelling , Banking jobs and Insurance jobs, Finance and Accounting Jobs also listed.


Losing Job - 3 things to do

Saturday, December 6th, 2008

Global Companies and Indian companies are all facing a recession and are all in the process of cutting jobs. We have seen companies like Jet Airways and Kingfisher not only removing staff but also cutting salaries. It is not only the airline sector but all the sectors are shedding staff to prepare better for the tough days ahead.

Global operations of Pepsi, Financial Companies and Banks like HSBC, Citibank, Fidelity Investments, Royal Bank of Scotland, Morgan Stanley, Tech majors like Sun Microsystems, Steel Comanies like US Steel and Arcelor Mittal, Telecom Companies like British Telecom and Nokia and vehicle manufacturers like Volvo, Ford and GM are all looking to cut staff costs.

In times of recession and slowing of business companies across the world do reduce their staff strength to save costs. So if you are a sacked employee or fear that you may get a pink slip in times to come, it time you plan you way through this crisis.

Whats “Pink Slip”? As per Wikipedia “Pink slip refers to the American practice, by a personnel department, of including a discharge notice in an employee’s pay envelope to notify the worker of his or her termination of employment or layoff”.

Here are 3 things you can do in a Pink Slip situation:

1. Get a decent send off financially from your company: Most companies would end up giving in the region of 3 - 6 months pay as part of the send off package. Make sure you keep this money carefully as it will take ayou some time to find a job in such tough times. In case you have some loans like a Home Loan or a Car Loan then make sure you keep provision to make sure you keep these payments going. You dont want to be hounded by loan collectors. Also, if you are expecting some problems - dont borrow. You also might want to find some bank who will restructure you loan if possible. You can also ask you parents or close friends for money if that is not going to spoil your relationship with them.

2. Start looking for a job well in advance: Here are some of the Job Sites that can be useful to find a job.  The top job sites in India are Naurki.com, Monster.com, Clickjobs.com, Timesjob.com, Rediff Jobs and obviously Mybandra.com. Don’t hesitate to compromise on salary as your topmost priority should be have a job. Get a list of job consultants in your area and start meeting or writing to them. Spend some time and make a good resume to highlight you past experience and projects. Get help in making a resume if needed from your local job consultants. Get tips on how to handle job interviews and group discussions and update yourself by spending time reading.

3. Aggressively start reducing your expenses: Reduce your entertainment, rethink what and where you eat when you go out, what brand of alchohol to drink, can you walk instead of driving to the market, etc. Your next priority should be your grocery expenses. You should come down heavily on your socialising expenses including outings to hotels, multiplexes, vacations etc. Postpone all such expenses. Ask your maid to take a break for three months or till the time you find a new job. It is better you start doing your own laundry, utensils and ironing.

Job Consultants in and around Bandra - Click here

Placement and Recruitment consultant in Mumbai’s Suburbs - in and around Bandra

Find and post free Bandra, Khar, Bandra Kurla Complex and Santacruz employment job classified ads for BPO jobs, call center jobs, retail jobs and stores sales jobs , fresher jobs, engineering, sales jobs, travel jobs, finance jobs, accounts jobs, marketing jobs, IT jobs, media jobs, software jobs, telecom jobs, Hospitality, Medical Jobs, Architects+Interior Decorators and other local jobs in Bandra and around Bandra in Mumbai. Work from home jobs and Part Time Jobs also listed for free. Jobs for Acting and Modelling , Banking jobs and Insurance jobs, Finance and Accounting Jobs also listed.

 

Second Home near Mumbai

Friday, October 3rd, 2008

                     

For the busy Mumbaikars Second Home has become an interesting option lately with lots of good developers and marketing companies coming into this space offering lots of options. The second home segment near Mumbai has grown significantly in the last few years and companies like DishaDirect and SoftCorner have contributed to this growth by helping small developers market their properties better.

So why do mumbaikars love to buy land / plots or houses / villas outside Mumbai?

  • Mumbai-kars pay a bomb for living in small pigeonholes and are probably pleasantly surprised to get some land not too far away from Mumbai at relatively lower rates.
  • Second Homes near Mumbai can also be good investment options as Land is a good asset to invest in the long run.
  • Mumbai-kars love the thought of breathing freely in the fresh air, that a second home might provide, outside the much loves but polluted city.
  • Mumbai is blessed with lots of lovely sea locales and hill stations within 3-4 hours driving distance making these places excellent locations for second homes.

Which are the popular locations for Second Homes near Mumbai?

  • Lonavla: A beautiful hill locations about 2 hours drive from Mumbai. Blessed with lovely weather almost right through the year.
  • Khandala: Khandala is a sister hill station to Lonavla and 3 Kms from Lovanla. Due to the ease of accessibility from nearby cities like Pune and Mumbai, Khandala is a popular second home destination.
  • Karjat: Karjat is now almost an extended suburb of Mumbai. It is located on the Western Ghats as well as at the end of coastal plains of Konkan region near Deccan. Karjat has an average elevation of 194 metres. It lies on the banks of the River Ulhas. Karjat is popular for Tourism, Adventure Sports, Bollywood Film Shooting and Spa Hospitality.Karjat is well connected to Mumbai and Pune and is a major rail terminus, connected via local trains to Chhatrapati Shivaji Terminus (VT) Mumbai, Khopoli and Panvel.Regular shuttle trains also run between Karjat and Lonavala and Karjat and Pune. Pune highway, national highways, Nasik Highway, Goa Highway, Mumbai-Pune expressway and state highways and Raigad District, Kharghar are well connected. The under construction sea over bridge, trans-harbour link between Sewri,Mumbai and Navi Mumbai will cut the distance between the two cities further and offer faster connectivity to Karjat also. All this makes Karjat a preferred spot for weekend holidays, picnics, river rafting, trekking, hiking, and mountain climbing. This makes Karjat a top location for second homes near Mumbai.
  • Murbad: Murbad is a small and green town near Karjat and Thane and about a 2 hours drive from Mumbai. Riverside and proximity of Mumbai and being well connected by the Nasik Highways makes it a nice place for second home near Mumbai.
  • Alibaug: Alibaug is 35 km south of Mumbai and is a popular weekend getaway for the citizens of Mumbai. It is also a popular centre for business conferences. Alibaug is very popular with Mumbai’s richie rich who own farms and bungalows here which are often a few hundred metres from the sea shore. This rich tag for Alibaug makes this ancient city popular with sea lovers to own properties here.
  • Goa: Goa is a paradise in itself and offers many options for sea lovers to make Goa a second home option near Mumbai. Renowned for its beaches, places of worship and world heritage architecture, Goa is visited by hundreds of thousands of international and domestic tourists each year. It also has rich flora and fauna, owing to its location on the Western Ghats range, which is classified as a biodiversity hotspot. Making Goa an ideal place for a second home.

Other than the above options, Nashik, Shirdi, Pune Hinjewadi, Nagpur, Igatpuri, Shahpur, Vapi, Daman, Surat, etc are some of the places to consider as second home locations near Mumbai.

Listing of Second Home Options: Click Here

Real Estate Investment Options: Click Here