Saturday, December 31, 2011

Palmistry : Signs on Hand

 Palmistry - Signs on Hand



Astrology A Star is a sign of great importance wherever it appears on hand. A line that ends in a star signifies great accomplishments. A star on mounts enhances the benefits of the corresponding amount. The effects of various stars on different mounts are discussed below

A star on the mount of Jupiter signifies great honour, power and position.

A star on the mount of Sun gives wealth and position but without happiness.

A star on the mount of mercury represents success in science, the power of eloquence.

A star on the mount of mars denotes that through patience, resignation and luck the great honors would be gained.

A star on the mount of Saturn represents great success or distinction through some terrible fate.

A star on mount of Venus represents extraordinary success in all affairs of love.

A star on mount of Luna is a sign of great celebrity status.


Astrology The Island is a negative and unfortunate sign. This signifies the hereditary evils. For instance, it denotes inherited heart disease if heavily marked on the line of heart. It could represent mounting stress on the line of the head, and manifest itself as headaches. Island on mount injures the qualities of the mount on which it is found.

An Island on the mount of Jupiter weakens the pride and ambition.

An Island on the mount of Sun weakens the talent for art.

An Island on the mount of mercury makes a person too changeable to succeed, anything related to business or science.

An Island on the mount of mars represents weak spirit and cowardice.

An Island on the mount of Saturn brings misfortune to the subject.

An Island on mount of Venus leads a person to easily influence by the sport of fancy and passion.

An Island on mount of Luna shows the weakness in working out the power of the imagination.


Astrology The Spot is generally the sign of temporary illness and denote a chronic disease. Different colors of spot have there own meaning:

A Bright Red spot on the line of head signifies a shock or injury from some blow or fall. And bright red spot on the line of health represents illness and fever and on the line of life represents nature of illness or fever.

A Black or Blue spot represents a nervous illness.


Astrology The cross is opposite to the star, and found as a fovourable sign. It represents trouble, danger, disappointment and sometime change in life. It should always be considered an ill sign save for two cases: when found on the Mount of the Jupiter and when located between the Head and Heart lines, known as the "Croix Mystique".

A Spot on the mount of Sun represents terrible sign of disappointment in the pursuit of fame, art or riches.

A Spot on the mount of mars under Mercury denotes the dangerous opposition of enemies.

A Spot on the mount of mars under Jupiter represents force, violence and even death from quarrels.

A Spot on the mount of Saturn when touching the line of fate denotes danger of violent death by accident and in the center of this mount; it increases the evil, fatalistic tendencies of the life.

A Spot on mount of Venus represents great trial or fatal influence of affection; it shows troubles and quarrels with near relatives when lying close to the line of life.


Astrology The triangle is a curious sign, and it fount clear and distinct and not formed by chance crossing of lines. It denotes mental flourish and success corresponding to the location of the mark. The triangle will never reach the great heights of success, but it possesses balance.

A Triangle on the mount of Jupiter signifies promises more than usual success in the management of people, handling of men and organizational affairs.

A Triangle on the mount of Sun denotes a practical application of art and a calm demeanour toward success and fame.

A Triangle on the mount of mercury represents qualities and promises success in relation to business, finance and money.

A Triangle on the mount of mars denotes science in warfare, great calmness in any crisis, and presence of mind in danger.

A Triangle on the mount of Saturn gives a talent and inclination for mystical work, for delving into occult, study of human magnetism etc.

A Triangle on mount of Venus represents calmness and calculation in love, power of restraint and control over self.

A Triangle on mount of Luna represents a scientific method in following out the ideas of imagination.


Astrology The grille is very often seen, and generally upon the mounts of the hand. It is a point at which the energies of the hand dissipate or escape out. It represents obstacles against the success of that particular mount. For e.g. a Grille on the Mount of Apollo will forever put off the attainment of any true success in life.

A Grille on the mount of Jupiter denotes egotism, pride and dominative spirit.

A Grille on the mount of Sun represents vanity, folly, and a desire for celebrity.

A Grille on the mount of mercury represents an unstable and rather unprincipled person.

A Grille on the mount of Saturn represents misfortune, melancholy nature and morbid tendency.

A Grille on mount of Venus represents caprice in passion.

A Grille on mount of Luna foretells restlessness, discontent, and disquietude.


Astrology The circle is a very rare marking in palmistry. If it touches any line, it brings inescapable misfortune to the line it touches. If it found on the mount of Sun it is fortunate and on any other mounts it tells against the success.

When it touches any important line, it indicates that at that particular point the subject will not be able to clear himself from misfortune.

A Circle on mount of Luna represents danger from drowning.


Astrology The square is one of the most interesting, lesser and benefic sign. It is usually called as "The mark of preservation". The line denotes one of the greatest crises in the person's life. Difficulties will arise in life but the bearer will persevere and the crisis will be turn away. It denotes negative influences when it is found on the upper portion of the Mount of Venus near the life line.

A square on the mount of Jupiter signifies ambition of the person.

A square on the mount of Sun provides desire for fame.

A square on the mount of mercury provides restless, mercurial temperament.

A square on the mount of mars denotes danger through enemies.

A square on the mount of Saturn represents fatality that shadows the life.

A square on mount of Venus denotes preservation from trouble brought on by the passion. In the center of mount it shows that the person will fall in danger but always manage to escape.

A square on mount of Luna represents excess of imagination.

Thursday, December 29, 2011

Assertive India refuses to be cowed down by an aggressive China as relations between the two neighbours seem to come of age

Knotty affair
Assertive India refuses to be cowed down by an aggressive China as relations between the two neighbours seem to come of age

In Chinese astrology, independent India (1947) would come under the zodiac sign of ‘Pig’ - honest, sympathetic, peace seeker and gullible — and China (1949) would come under ‘Ox’ - deep thinker, patient and careful, strong, fearless and stubborn.
The two zodiac signs are not known to enjoy great compatibility. But 2011, the ‘Year of the Rabbit’, was supposed to reflect, in world’s affairs, the traits of a ‘rabbit’ — refined, creative, peaceful and harmonious. ‘Rabbits’ hate confrontations. If faced with one, astrologers say, they tend to be calm and considerate, but can be assertive too.
India and China came close to confrontations of a new kind in 2011. The most glaring ones were on India’s oil exploration pact with Vietnam in the South China Sea; and the Buddhist convention in Delhi that led to cancellation of the special representatives’ boundary talks last month.
After the talks fiasco, Chinese Communist Party-run Global Times said New Delhi was beginning to adopt a “bold stance” in dealing with Beijing. “The country appears to be highly interested in facing off with China,” the newspaper said.
Former foreign secretary Shyam Saran, however, feels it’s the other way round. Propelled by its rising economic stature, China, he says, has become more forceful in its dealings. “I am not aware of any change in India’s policy towards China. I think it’s China that is increasingly becoming more assertive. India does not wish to be provocative, but at the same time, is conscious that certain red lines must not be crossed.”
For instance, in the South China Sea, Saran says, ONGC Videsh Ltd’s oil exploration pact with Vietnam is not a new project. “British Petroleum had a licence to operate in one of the blocks for years. OVL acquired that interest when BP exited, that’s all”
However, professor Madhu Bhalla, who teaches Chinese studies at Delhi University, feels there is, perhaps, a rethink in India’s approach towards China. “I think there is some sort of a rethink within the Ministry of External Affairs (MEA) that India need not be over sensitive to Chinese sensibilities.”
During his bilateral meeting with Wen Jiabao, prime minister Manmohan Singh was polite but firm when he expressed India’s position on its oil exploration pact with Vietnam. Singh told Jiabao that India’s exploration was purely a “commercial activity” and that “issues of sovereignty should be resolved according to international law”.
Earlier this year, China had sent a strong demarche raising objections to India’s oil and gas exploration pact with Vietnam. India chose to ignore the Chinese protests and, in return, lodged a strong diplomatic protest against China’s activities in Pakistan occupied Kashmir.
China has been pumping money into infrastructure projects in PoK and also, according to reports, placed some 4,000 men, including “PLA regulars” in the region.
“In dealing with China, we need to be more prudent but also firm where our interests are concerned. When we act firmly, the Chinese do step back on occasions,” Saran says.
This year, China appears to have quietly discontinued the practice of issuing stapled visas to residents of J&K, thus removing a major irritant in the relations. Besides, a Chinese court, in a rare gesture, let off 13 diamond traders from Gujarat and Mumbai with fines.
On the Buddhist congregation issue, things threatened to go out of control. China first demanded that the Dalai Lama be barred from making an address, and then sought suspension of the convention itself. India refused to bow to either of the demands.
Through their demands on cancellation of the Dalai Lama’s address, first in Delhi and then in Kolkata, the Chinese tried doing two things, says Jayadeva Ranade, former additional secretary, Cabinet Secretariat. “First, they tried putting greater pressure on India. Second, they tried to circumscribe the Dalai Lama’s space in India. And, India did show a stiffening of the spine.”
One way of looking at things, observers argue, is that the two sides with greater diplomatic engagements now than before have acquired better understanding of each other and a greater maturity in handling situations. “I think there is greater realism and better management of tensions now than before. Uncertainties and ups and downs will continue,” says Alka Acharya, Professor of Chinese studies at Jawaharlal Nehru University.
“While the Chinese did take a tough stand on the Buddhist Congregation issue, they also keep a door open and went ahead with the defence talks earlier this month,” says Ranade.
Indo-China relations have been blow hot and cold on mutual trust and understanding, but have significantly improved, economically. The two sides held their first strategic economic dialogue in September in Beijing.
On climate talks in Durban the two sides made common cause. However, Bhalla argues, “We are only acting unilaterally. On climate change it just ‘happens’ that we agree. We will always have a strategic issue. We are not partners the way it should be. If China wants to place its naval fleet in the Seychelles to supply its anti-piracy patrols in the Gulf of Aden, why can’t it involve littoral states of the Indian Ocean? Whenever we have made such suggestions they have not really responded.”

Presumption of innocence a human right: Supreme Court of India

Presumption of innocence a human right: SC

Stretching the scope of fundamental rights to suspected accused involved in a variety of criminal cases, the Supreme Court has said they are entitled to the sacred guarantee until they are found guilty by the court.

An accused is presumed innocent and he cannot be held guilty on the basis of suspicion however strong it may be, the top court said quashing an order passed by the Assam High Court holding an accused guilty of committing murder.

“It is equally well-settled that suspicion, howsoever, strong can never take the place of proof,” a bench headed by Justice Dalveer Bhandari said.

Raising doubts over the conduct of the police that investigated the case, the court passed stricture on the investigating agency. However, the entire force cannot be condemned for the act of one policeman, the court added.

“There is no reason for us to generalise and say that there is an attempt not to register cases against assailants and when such cases are registered loopholes are intentionally left to facilitate acquittals or that the evidence led in the courts is deliberately distorted’’, the court said. It termed such lapses in certain cases as “aberrations’’ .

While the police force may have much to be sorry about and while there is always room for improvement in terms of infusing spirit of commitment, sincerity and selfless service towards the citizens, it cannot be said the entire force stands discredited, the bench added.

Earlier, while dealing with a case regarding the death sentence to a Parliament attack accused, another bench of the court had recently said, “human rights violation cannot be the prerogative of a few privileged as it is as much available to other deprived sections of the society and victims of violence’’.

Union home minister had told Parliament that India’s conviction rate in criminal cases is 39.02 %. The average conviction rate of crimes under the Indian Penal Code has been constant for sometime.

After rampant violations of building rules, civic body tightens screws on developers. Sudhir Suryawanshi tells how homebuyers would benefit from next year after development control rules are in place

After rampant violations of building rules, civic body tightens screws on developers. Sudhir Suryawanshi tells how homebuyers would benefit from next year after development control rules are in place

I have been receiving a slew of housing proposals that include many flower beds but I hardly see any flowers in the city.”
Although this was municipal commissioner Subodh Kumar’s sarcastic take on the misuse of free-of-Floor Space Index (FSI) policy, looking at the city’s concrete jungle, it is not far from the truth.
An FSI is the amount of construction allowed on a particular plot. Higher the FSI, more the number of floors that can be added.
Builders sell FSI-free spaces such as flower beds, parking areas and balcony spaces by labelling them as super built-up areas. But later these spaces are used to increase the size of houses.
The builders will now be charged 100% premium on the additional 25% FSI that they are allowed to use in a residential project.
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The amended Development Control Rules (DCR) will make it mandatory for builders to include areas such as flower beds, deck parking and balconies in the FSI. This means builders will have to pay for the extra spaces such as parking areas, balconies and flower beds which were free of cost.
The developers can no longer cheat the civic body and buyers, thanks to the Brihanmumbai Municipal Corporation’s milestone decision. Property deals will be more transparent and will regularise the use of free FSI.
Residential projects will be passed and sold on the basis of carpet area only. Developers cannot show one building plan to the BMC and another to the buyer.
“There will be more transparency. Everything will be in black and white. Buyers pay for balcony, deck parking, passage and staircases although developers get these spaces free of FSI. After the new FSI rules come into effect, the developer has to pay for it,” said Pankaj Kapoor, managing director of Liases Foras, a real estate research firm.
While presenting the new rule to chief minister Prithviraj Chavan in July, Kumar said that in many cases, the deck parking space alone was as big as a flat. It has been seen that in a number of cases, because of lack of clarity and specific guidelines, there were serious misuses of regulations in the name of ornamental features.
“A flat’s 300 to 400 square feet are sanctioned for lily ponds with deck area, pocket terraces, ducts, voids, RCC bands but are later merged with habitable areas. The free-of-FSI balconies were sold to customers as liveable areas,” Kumar said.
High-rise buildings above 70m-height have mushroomed in the city but provisions for fire safety are lacking.
The new rule proposes to make fire chutes compulsory for buildings which are more than 70-metre high. A fire-check floor has also been proposed to create a vertical barrier to prevent spread of fire in high-rises.
The prices of developed land will be as per the ready reckoner rates.
No wonder, then, the developers are not happy with the changed DCR and want time to implement any additional compensatory FSI decision.
“Including all features into the FSI will increase a flat’s cost. The ornamental features will be given in lieu of heavy premium which will undoubtedly be recovered from the buyers. Property prices will shoot up,” said Manohar Shroff, general secretary of Maharashtra Chamber of Housing Industry, Navi Mumbai.
Milind Samel from 199 Architect Consultants said the sudden change in the DCR policy has created confusion and will lead to financial losses for developers, but in the long term, it will have a good effect.
“Now, buyers will get a clear plan of the residential project. Earlier, developers used to prepare two plans, one for the BMC’s approval and another for the buyers. This practice will stop. Buyers will get a genuine product,” he said.
The rule will have another advantage — it will put an end to the civic chief’s discretionary powers.
This will bring all developers at a level-playing field, said senior architect Vikkasini Hemaadi.
Earlier, some developers got enormous FSI concession and some got a step-motherly treatment because they were not close to heavy-weight politicians.
“We need changes in the policy but the changes should not be so harsh or drastic that it can halt development. Instead of charging 100% of the ready reckoner rate as per the built-up area, it should be charged as per the land rate,” said Hemaadi.
“If a high premium is charged for the additional compensatory FSI, property prices will go up again. So, buying a house will remain a dream in the city,” he added.
Pankaj Joshi, executive director of the Urban Design and Research Institute, does not agree that property prices would increase.
“Now, calculating the carpet area will be easy for buyers. Buyers illegally encroach on balconies, flower beds and ducts to increase the size of their houses,” he said. “The alterations cause structural damages resulting in building collapse. The new policy will stop this.”
Then, maybe next year we may actually see flowers growing on flower beds.
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Tuesday, December 27, 2011


Here's what the headlines in 2012 will be

Who cares about looking back when there's so much to look forward to? Here's what the headlines in 2012 will be WITH THE NEW APPLE TV, A WHOLE NEW WORLD OF CONTENT WILL OPEN UP

2011 WAS great for tech and 2012 will be better. There are a lot of indications as to what lies ahead for technology in the next year. Here's what we may find if we scan through all the top headlines of 2012.

DECEMBER 2012 BLACKBERRYANDRO SELLS IN BIG NUMBERS BlackBerry continues to sell in huge numbers.

After the shocking announcement in August 2012 that RIM would not go with the new BBX platform but shift to Android, BB phones have sold very well. The compelling mix of Android with true BB push email and the very much in demand andro-BBM has made sure that BB is back.

MARCH 2012 THE FLOODGATES ARE OPEN AGAIN Bill Gates has come back to head the Microsoft business. While it wasn't exactly unexpected, Steve Ballmer has immediately announced that he will move on to purse `other interests'. This comes at a time when Windows 8 has had a great start and Windows Phone has captured a fair slice of the smartphone market, both of which came about under Ballmer. Gates also announced that a Windows 9 Tablet would be out next year for $99.

NOVEMBER 2012 MASS EXODUS FROM FACEBOOK Facebook has seen a huge number of dropouts and the trend has continued this month. This has mainly happened ever since Facebook implemented new mind-reading technology for all its users. This technology reads a Facebook user's mind and posts his or her thoughts immediately. Thus most posts became very ugly and critical and people were shocked at the harsh comments that their posted pictures got. Zuckerberg has dismissed this as a temporary blip as he still has 1.2 billion minds to read and claims this is the new honest Facebook ­ away from the fake sugary comments that everybody lied about and posted on their accounts.

OCTOBER 2012 TIM COOK RESIGNS AFTER IPAD 3 FLOP What was just a rumour has now turned to reality. After brilliant sales of the iPhone 5, the massive disappointment of the iPad 3 and low sales have taken their toll. The iPad 3 came out with a small 7-inch screen and a very high price of $799. This opened the flood gates from Amazon and Samsung to pounce and Amazon's Kindle Fire 2 with a 9-inch screen and $99 dollar price is now the current leader. Tim Cook has announced plans to open a new company that would make high tech toasters.

JUNE 2012 MOTOROLA'S LAST FACTORY SHUTS DOWN Motorola's Chinese owner WingShu Corp has shut down the last of the Motorola factories. After Google sold off Motorola after stripping it of all its patents and intellectual property, WingShu has had one disaster after another. The first phone, the Razr 2, had huge problems and got sued for millions of dollars for cutting people's hands as it was too thin. WingShu has announced that it will come up with its own versions of shaving blades to compete with Gillette.

SEPTEMBER 2012 THIRD BLACKOUT OF 3G NETWORKS WORLDWIDE Once again, most high speed, on-the-move mobile broadband users were left twiddling their thumbs. With an overload of capacities and Internet everywhere, mobile broadband carriers are collapsing like ninepins. With Internet-enabled cars, movie and TV streaming, more than 700 million smartphones and Tablets on 3G and too much content being downloaded, the overloaded networks have completely collapsed.  

SEPTEMBER 2012 APPLE TELEVISION TOTALLY DIFFERENT FROM EXPECTATIONS Apple took the world by surprise with its 55 and 75-inch television displays that don't try and force you to interact with the TV. It is also pushing all kinds of content like music, TV shows and movies on to it. With almost everything that is on the iTunes store available on your TV, a whole new world of content has opened up. While there are all kind of apps that run on this TV, the main emphasis is video and content on demand.

AUGUST 2012 PATENT WARS GET UGLIER Samsung and HTC have both won their `cease and desist' case in the USA and all of Europe. This will now curb all phone sales of Microsoft's Windows Phone and Apple's iPhone 5 in these regions. Patent wars have become uglier this year as most companies have realised that that there is more money in suing than manufacturing. Apple has counter-sued all Android manufacturers.

JUNE 2012 SIRI GOES DOWN, ALL-OUT WAR BETWEEN ASSISTANTS Siri was officially taken off beta and off the iPhone due to an all-out war of voice assistants. Due to too many errors and the technology turning out to be eventually disappointing, Apple has decided to move away from this war. This may also be due to Sir reading out mails and important information completely wrong, leading to many heart attacks across the world. Microsoft has said it will continue with its newly launched assistant ­ Fido ­ despite similar issues.
And with that 2012 draws to an end. See you in 2013!

Sunday, December 25, 2011

Boom in karachi

Boom in karachi

On the last day of a week-long trip to Karachi, our mini bus driver showed us three bullets — two dead and one live. The bullets were fired into the air by a reveller while celebrating the Sindhi cultural day on the lanes of Sadar Bazaar. We were surprised and amused that we could hold and closely inspect the bullets openly on the streets of a global city. Though we toyed with the idea of getting hold of one of the bullets as a souvenir, we were warned about the repercussions at the airport.
During our stay in Karachi, we could spot gun toting security personnel everywhere we went. While sub inspectors in India fight for a pistol, the constables on duty on the streets of Pakistan hold AK-47s and AK-56s. Even private security guards at five star hotels, restaurants and malls possess sub machine guns and modern G-5s.
Karachi has only 15,000 policemen for a population of 18 million (as against Mumbai’s 44,000 policemen for 13 million people) and the shortage is one of the reasons why private agencies have boomed in the city. Private persons and businessmen no longer rely on the state police force. According to a fellow journalist in Karachi, private security agencies are hired by people, for incidents of house-breaking and robbery at gunpoint are common in all major cities of Pakistan. In fact, we were asked to not display our mobile phones in public. In addition to this, half the force is busy servicing politicians and influential personalities in the city. Media advisor to the chief minister of Sindh, Qaim Ali Shah, has two AK-47 toting gunmen around her all the time.
Mighty political parties have their own security to protect prime areas. For instance, the headquarters of Muttahida Quomi Movement (MQM) dons the face of a fortress as laymen are not allowed to enter. CCTVs and security men are posted at all corners of the headquarters. The party, run by Altaf Hussain who has been in exile for more than 20 years, operates in top secrecy.
Other political parties have safeguarded their residential areas where police and even paramilitary forces are not allowed to enter. The Jinnah tomb in Karachi is protected by a team of eight military jawans around the clock. Vehicular traffic is restricted in areas surrounding Qaim Ali Shah’s residence.
Our delegation was escorted by gun bearing policemen and an escort van. I asked a policeman when the last time he opened fire from his AK-47 was, and he said a couple of months ago on a mob resorting to hooliganism. It was shocking to learn that constables do not need the order of their superiors to open fire.
At first, I was surprised to see the escort guard our van all the time. But a clash between a fidayeen group and the police, barely a few metres away from where dinner was scheduled, claimed the lives of two police constables. However, towards the end of the tour, the escort left the team to be on its own. When I questioned a couple of officers about this, none of them had answers. Perhaps it was convenient for them to stay mum.

Saturday, December 24, 2011

NIA files charges against Headley, ISI men Nine foreign nationals, including seven Pakistan citizens and a Canadian, named in 26/11 attack chargesheet

NIA files charges against Headley, ISI men

Nine foreign nationals, including seven Pakistan citizens and a Canadian, named in 26/11 attack chargesheet

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After examining over 300 witnesses and collecting loads of evidence, the National Investigation Agency on Saturday filed an exhaustive chargesheet in a special NIA court in Delhi against the main conspirators and handlers of the 26/11 terror attacks, including David Coleman Headley his accomplice Tahawwur Hussain Rana and seven Pakistani citizens.
All the nine accused have been charged under the Indian Penal Code for hatching a criminal conspiracy to wage a war against India, murder, forgery, cheating and using as genuine a forged document or electronic record and various sections of the Unlawful Activities Prevention Act.
Special NIA court judge HS Sharma will take cognisance of the chargesheet on January 7 thereby starting one of the keenest trials to watch that could expose Pakistan state actors’ active role and complicity in bleeding India under the notorious Karachi Project.
The accused include Lashkar-e-Taiba founder Hafiz Saeed, top LeT commander Zaki-ur Rehman Lakhvi, LeT commander Sajid Majid, Headley’s coordinator Abdur Rehman Hasim, two serving Pakistani Army officers employed with the ISI — Major Iqbal and Major Sameer Ali — and Illyas Kashmiri of the Harkat-ul-Jihad-al-Islami (HuJI).
The NIA said, “The evidence was collected from several sources such as banks, hotels, airlines, internet service providers and telephone service providers. The investigation of the case presented unique challenges because all the accused persons were foreign nationals.”
The conspiracy was hatched in or around 2005 to organise “spectacular terrorist attacks on sensitive iconic targets” in India over a long period of time by Hafiz Saeed, Zaki-ur-Rehman Lakhvi and Ilyas Kashmiri with active support and encouragement from Major Sameer Ali and Major Iqbal.
Headley and Rana, both members of LeT, were placed in a position where they could work for providing tactical, material and financial support in planning and carrying out terrorist attacks in India and other places.
Both Headley and Rana had graduated from the Hassan Abdal Military College in Pakistan and both wanted to participate in Jihad against India and Western powers.
Avoiding Headley’s escapades as a double agent, the NIA said that in the US he was repeatedly arrested and imprisoned for being involved in contraband drugs smuggling.
When the LeT and the HUJI planned attacks in India, Headley — With his Caucasian looks and American citizenship — became the obvious choice for collection of critical data, information required for planning and executing terror attacks.
As Headley’s original name (Dawood Gilani) could have aroused suspicion, the name was changed, a new passport was obtained and false information submitted to obtain long-term multiple entry business visa to India.
After obtaining visa, Headley made several trips to India between September 14, 2006 and March 15, 2009 to conduct tactical surveillance of potential targets of terrorist attacks.
He collected tactical details including video footages of all places which were attacked on November 26, 2008 in Mumbai. The NIA maintained that to carry out reconnaissance Headley befriended several individuals who had no knowledge about his activities.
Rana, a Canada citizen, has also been charged with providing Headley financial resources and other support for running an office in Mumbai. Rana visited India on November 13, 2008 and left Mumbai in haste on just six days before the terror attack.
The US government transferred some essential evidence collected by the FBI in the Headley-Rana case to India, which forms a part of the chargesheet, the NIA said.
The special court has sent a Letter of Request under CrPC section 166 (A) for transfer of evidence from Pakistan. The NIA has also requested the court to grant it permission for completing pending investigation in Pakistan and collection of further evidences.

Honour for BNHS curator, new snake species named after him In 2002, he discovered Dendrepahis girii species in the Western Ghats

Honour for BNHS curator, new snake species named after him
In 2002, he discovered Dendrepahis girii species in the Western Ghats

For Varad Giri, discovering a new species of snake was a dream come true. To add to his joy, the newly discovered species has been named after him — Dendrepahis girii.
"I am happy that the new snake species has been named after me. It is an honour for a researcher," said an elated Giri, deputy director (collections) and curator of the herpetological collection, Bombay Natural History Society (BNHS).
Experts on snake taxonomy from Germany Dr Gernot Vogel and Dr Johan Van Rooijen have written about the Dendrepahis girii in their scientific research paper, which was published in Taprobanica journal on December 20.
In 2001, researchers Ashok Captain and Kedar Bhide had first discovered the new species at Amboli in Sindhudurg.
They tried to identify the snake using scientific techniques and concluded that it is very close to the Dendrelaphis bifrenalis, a species from Sri Lanka. They released the reptile after taking a few photographs.
In 2002, while researching on the reptiles in the western ghats, especially in Goa, Giri and Sameer Kehimkar stumbled upon a snake whose features matched closely the existing Dendrepahis species.
"This snake was quite different in many characteristic features. So, we brought it to BNHS for the further study and observation," said Giri.
A similar species had been identified in the forests of Castle Rock in Karnataka and in Tamil Nadu.
When Dr Vogel had visited BNHS in 2009, Giri had shown him his discovery. "Based on the data and photographs taken by Captain and Bhide, Dr Rooijen prepared the scientific paper and named the snake after me," said Giri.
“We wanted to dedicate this species to Giri. He has contributed enormously to the knowledge of the Indian reptiles by his own research and by making the BNHS collection wide, rich and easily available for researchers,” said Dr Vogel.

Must know....Why to visit a temple ?????

Must read !

Well, here is a scientific explanation..........just read on. The write-up definitely makes sense and is convincing.

There are hundreds of temples all over India in different size, shape and locations but not all of them are considered to be in the Vedic way. Generally, the temples are located in a place where earth's magnetic waves pass through. In simple terms, these temples are located strategically at a place where the positive energy is abundantly available from the magnetic wave distribution of north/ south pole thrust.

Because of its location, where high magnetic values are available, the Main Idol is placed in the center, and also because they place a copper plate written with some Vedic scripts, which is buried, beneath the Main Idol's placement known as "Garbhagriha" or Moolasthan, the copper absorbs the earths magnetic waves and radiates to the surroundings. Thus a person who regularly visits a temple and makes clockwise pradakshina of the Main Idol's placement, automatically receives the beamed magnetic waves which get absorbed by his body. This is very slow and a regular visit will make him absorb more energy, known as positive energy. In addition, the Sanctum Sanctorum is completely enclosed on three sides. The effect of all energies is very high in here. The lamp that is lit radiates the heat and light energy.

The ringing of the bells and the chanting of prayers gives sound energy. The fragrance from the flowers, the burning of camphor give out chemical energy. The effect of all these energies is activated by the positive energy that comes out of the idol. This is in addition to the north/south pole magnetic energy that is absorbed by the copper plate and utensils that are kept in the Moolasthan.

The water used for the Pooja is mixed with Cardamom, Benzoine, Holy Basil (Tulsi), Clove, etc is the "Theertham". This water becomes more energized because it receieves the positive-ness of all these energies combined. When persons go to the temple for Deepaaraadhana, and when the doors open up, the positive energy gushes out onto the persons who are there. The water that is sprinkled onto the people passes on the energy to all. That is the reason why, men are not allowed to wear shirts to the temple and ladies have to wear more ornaments because it is through these jewels (metal) that positive energy is absorbed in ladies. It is proved that Theertham is a very good blood purifier, as it is highly energized.

In addition, temples offer holy water (about three spoons). This water is mainly a source of magneto therapy as they place the copper water vessel at the Garbhagriha. It also contains cardamom, clove, saffron, etc to add taste and Tulsi (holy Basil ) leaves are put into the water to increase its medicinal value! The clove essence protects one from tooth decay, the saffron & Tulsi leave essence protects one from common cold and cough, cardamom and benzoine known as Pachha   Karpuram , acts as a mouth refreshing agents. This way, one's health too is protected, by regularly visiting Temples !

Friday, December 23, 2011

An efficient way to gradually build wealth through reality

An efficient way to gradually build wealth
Second homes can also be purchased for Rs.50 lakh with good scope for value appreciation and tax gains

Most people with investable surpluses tend to stay focused on the financial markets, whether it is debt or equity. Very few venture into real assets such as Gold or real estate. An investment in a second home is an effective way to build wealth in the loan term. Let's examine the various reasons why this could even be the best form of investing for a salaried individual.

Outlook for Real Estate
Real estate prices in India have grown at between 15% and 20% annually, over the past 50 years, across cities and across various reasonably long (10 year) time frames. This growth is projected to continue, given the combination of various enabling factors. These include a favourable demographic distribution in the country, increasing urbanization and an increasing preference for nuclear families.
Such returns are comparable to those in the Equity Capital Markets. In fact, there is the additional advantage that one is spared the variability and risks associated with investing in equities. For example while the BSE Sensex has multiplied 160 times since 1979, the components of the Sensex have been changing constantly.

Tax efficiency
There are several tax advantages that can be availed by investing in a second home. These include
l The rent received from the second home (less 30% for repairs and maintenance) can be set off against the interest paid on the home loan taken for the flat. If the rent received is less than the interest paid, then the resultant 'Loss from House Property' can be set off against your regular income. Thus, there is a tax hedge provided be the property till it begins to pay for itself.
l When the flat is sold, the acquisition cost (adjusted for indexation) is deducted from the sale proceeds and only the balance is taxable.

The purchase of a second home is the only form of investment for which leverage is available for salaried individuals. All other investments, whether stocks, mutual funds or Gold need to be made out of one's own savings. It is possible to invest in a second home by putting only 20% of the cost of the home as one's equity, and take a loan for the rest.

Financial implications
So then, the financial logic for investing in a second home is simple. Assume the following. You own the asset by paying only 20% of the cost. Your average cost of financing the remaining is 10%. The rental yield is 3% and property appreciates by 12% every year. Your financial situation every year is as follows in the table below.

As is evident, the return on the investment is quite healthy.
The municipal taxes to be paid and the costs of maintaining the property have not been shown. However, the overall picture does not change significantly even with their inclusion.

Psychological Factors
A house is a stable asset and is not bought and sold frequently. Consequently, it allows a longer time frame for any appreciation to play out. There is no greed or desire to cash in when the prices are high and there is no panic when prices so not rise.
An important psychological factor is that real estate prices do not fluctuate on a daily basis and there is no mark to market that is available on a daily basis. This makes the house a comfortable asset to hold.

The Flip Side
There are some factors that one needs to be aware of, before buying a second home. You should be comfortable with the monthly installment to be paid over the long term. Also, a property takes some maintenance and monitoring. Those with transferable jobs will find this especially challenging. Additionally purchase of property entails a thorough evaluation of the developer, his track record and other legal aspects of the property.
In summary, a second property is a worthwhile investment, especially for the salaried class. It is an efficient way to build wealth in the long term.

Be secure from loss due to fire Insurance is extremely important for residential buildings as well

Be secure from loss due to fire

Insurance is extremely important for residential buildings as well

It is widely known that fire insurance covers building and contents. Building not only covers the structure but also the permanent fixtures, sanitary fittings and such other permanent fittings. Similarly garages, covered porches, canopies and even boundary walls can be covered under the fire policy. It can also cover private roads, swimming pools and foundations. Though foundations do not carry any fire risk, the same is susceptible to damage from earthquake. However, all these properties need to be declared specifically while seeking insurance.

Key areas to be considered before
purchasing fire insurance policy
It is essential to understand below mentioned points before you purchase fire insurance.

Valuation of the property and adequate insurance protection
Sum Insured (SI)
One of the most important thing to understand here is "Sum insured"( SI). It is important to insure the property for the right amount. Sum insured represents the maximum limit up to which the Insurer's are liable in the event of loss under the Fire Insurance Policy. The value of sum insured should be identical to the value of the property either on Market value basis or Reinstatement Value basis.

Market Value v/s Reinstatement / Replacement Value
Market value represents the value of the property for the same make, model and age. This essentially takes into consideration the value of wear and tear or depreciation into consideration. Replacement or Reinstatement value is usually expressed in simple terms as NEW FOR OLD i.e. no depreciation or wear and tear is deducted at the time of claims payment.
While the premium rate does not change whether one opts for MV or RIV, the sum insured representing the values are essentially different. Thus one cannot have MV declared as sum insured and policy issued on RIV basis, because in such case the UNDER INSURANCE is applied. This is where, one needs to be careful to make sure that the sum insured selected is adequate. The terms Under Insurance implies that if the Insured is found to be insured for a lesser value that it's MV / RIV, he is required to bear the proportionate loss.

Deductible / Excess
One should not neglect to make note of the deductibles/excess applicable. This is an amount which is to be compulsorily borne by the Insured. Any loss below this amount is not payable by the Insurers and losses exceeding this amount will be paid for the balance amount. While the minimum deductible is fixed, insurers may also increase the deductible considering the overall exposure of the risk.

Information required for quotation
When you approach an insurer for the fire insurance, they will ask you to fill up a RFQ (Request for Quotation) form seeking specific details to provide the quotations. Normally the information asked for is as follows:
l Occupancy
l Construction and age of building
l Basement exposure
l Loss history
l Previous insurance details
l Fire protection facilities
l Presence of water bodies in the location and distance thereof
l Any other special feature

Important to read the policy document
Last but not the least; once you purchase the policy, you should read the policy document carefully and make sure to check the below aspects:
1. Correctness of the details captured in the policy such as name, address etc.
2. Perils and add-ons covered under
the policy
3. Deductibles or excess under
the policy
4. Specific warranties, restrictions or exclusions inserted in the Policy
5. Terms and conditions to be followed by the Insured during the
policy period
6. Claim procedure in the event of
the claim
7. Dos and Don'ts as may be provided by the Insurer
This will make sure that you won't get any surprises while making a claim.

A specific contract The homeowner's insurance policy names precisely what will and what will not be paid in the case of various events

A specific contract

The homeowner's insurance policy names precisely what will and what will not be paid in the case of various events

Home insurance, also commonly called hazard insurance or homeowner's insurance, covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, etc. The home insurance policy is usually a term contract-a contract that is in effect for a fixed period of time. The insured must pay the insurer the premium each term.
The cost of homeowner's insurance often depends on what it would cost to replace the house and which additional riders-additional items to be insured-are attached to the policy. The insurance policy itself is a lengthy contract, and names what will and what will not be paid in the case of various events.
For instance, New India Assurance has a package policy specially designed to meet the insurance requirements of a householder by combining under a single policy, a number of its standard policies usually taken by householders. Discount in premium is offered depending upon the number of sections of the policy, opted for, by the proposer.
The policy comprises of 10 sections. The first section deals with fire and allied perils, features coverage for the building and contents of the dwelling belonging to the proposer and his or her family members permanently residing with him or her. Allied perils include fire, lightning, explosion of gas in domestic appliances, bursting and overflowing of water tanks, apparatus or pipes, damage caused by aircraft, riot, strike, malicious or terrorist act, earthquake, fire and/or shock, subsidence and landslide (including rockslide) damage, flood, inundation, storm, tempest, typhoon, hurricane, tomado or cyclone impact damage.
The second section covers contents of the dwelling against loss due to burglary, house breaking, larceny or theft. The third covers loss or damage to jewellery and valuables by accident or misfortune whilst kept, worn or carried anywhere in India subject to the value declared in the schedule.
Other sections include loss or damage to fixed plate glass in the insured premises by accidental breakage subject to limit of sum insured, breakdown of domestic appliances, television and video equipment, pedal cycles, loss or damage to the insured's accompanied baggage by accident or misfortune, personal accident, public liability, etc.

How to select the sum insured
For the insurance of household items, it would be necessary to group the items in a broad category like furniture, clothing, linen, utensils, crockery etc. and give a value equivalent to the market value i.e. the value for which this used item could be bought or sold in the market.
For the section relating to breakdown of domestic appliances, it is important that the sum insured should represent the current replacement value of a similar item. However, the claim amount payable would be the amount required to bring the damaged item to the same condition as it was prior to the damage subject to the adequacy of the sum insured.

How to claim insurance

l In case of any incident leading to a valid claim under the policy, following steps should be taken:
l Take necessary steps to minimize the loss/damage.
l In case of fire, inform fire brigade
l In case of theft, larceny or burglary inform the police immediately along with a list of items stolen and their approximate value.
l Inform insurance company by phone or fax and in writing.
l Extend full co-operation to the surveyor appointed by the insurance Co. and provide necessary documents
to substantiate the loss. A claim
form issued by the company is also to be submitted.

‘First verify the project viability’ Answers on specific queries on redevelopment and co-op housing society matters

‘First verify the project viability’

Answers on specific queries on redevelopment and co-op housing society matters

We have a property in prime location just opposite Lion gate for redevelopment. The plot area is 4505.88 sq mtrs, constructed carpet area occupied by tenants/ occupants approximately 80000 sq. Ft, number of tenants/occupants is 154. All tenants/ occupants are ready n have consented for redevelopment. We have formed a society and have got it registered in 2004 as 'Great Western Buildings Tenants CHS Ltd' We tenants are looking after the day to day maintenance and repairs of the buildings, which are perhaps the oldest in the city of Mumbai constructed in 1716 and onwards. These buildings have lived their lives and cannot be sustained further, they need redevelopment very badly. A number of developers are interested to redevelop them but the landlords are demanding exorbitant price for the land hence the project is not getting through. Please help and guide us to resolve our issue amicably benefitting the landlords, tenants and developer.
You are advised to appoint a project management consultant or an architect to verify the viability of the project and also consult a property advocate who will investigate the title documents and guide you to obtain the conveyance of land and building either through the court or under deemed conveyance. Normally a housing society cannot be registered without proper agreement/ consent from the land owners to give the ownership rights of land and building to the society within months of its registration. In case you have lease rights, the consent from landlord may be required to redevelop the building as per the terms and conditions mentioned in the lease deed. In case your land owners do not co-operate, you can move before the appropriate court to compel the land owners to grant the conveyance or required NOC for redevelopment of the building.

Our society is going for redevelopment; our area is 175 sq ft carpet. Is there is minimum or maximum area we should demand? What is the minimum area for SRA?

For SRA redevelopment, the existing occupier of the slum will get 269 sq feet carpet. This is the minimum area which every occupier should get in the redevelopment building undertaken under SRA. The flower bed, dry balcony etc may be given as additional incentives as may be approved by the planning authority.

We are a small co-op society of 23 flats at a very prime locality in Chembur (E), facing the golf course, which attracted many reputed developers in the last 11 years. Most of the members are 65 plus. The project is stalled at a very advanced stage by the developer i.e. after allotment of flat number and even floor to each eligible member in June 2011. And members were supposed to vacate for 24 months by September 2011. There was only one video recorded meeting held at the golf club, convened and paid for by the developer. It seems the developer has conveyed that it will be possible to take up the project now by end of 2012 or beginning of 2013. Further, members understand that the developer says that the society now should apply for necessary sanctions with BMC.

Unless and until we get to study all the documents related to the project, it is difficult to offer any expert advice. It is true that once a developer is appointed and development agreement is executed, the same cannot be cancelled without the consent of the developer. From your question, it appears that the developer is not interested to cancel the transaction.
In case, the society decides to cancel the same at this stage by giving proper legal notice, the developer may move before the appropriate court and ultimately, both the parties need to represent their side before the court for its verdict. You can ask certain details from the developer and also under RTI, you can get the information from BMC whether the building plan has been submitted for approval etc. You can also collect signature from at least 20% of the total members of your society to call a requisition special general body meeting (SGM) to be addressed to the committee with a copy to the registrar. Within one month of making such requisition, the committee has to call the SGM to discuss and decide on the agenda items. In case, they fail to do so, you can report the matter to the registrar, who will appoint an authorized officer to conduct the SGM and decide on the matter.

Ulwe, Kharghar and Thane will give good returns Answers for queries on Home Buying, 2nd Homes and Property Investments

Ulwe, Kharghar and Thane will give good returns

Answers for queries on Home Buying, 2nd Homes and Property Investments

I know a person who wants to sell a 490 sq ft (carpet) house in Mulund in a 26 year old building for 65 lacs. Will it be advisable to invest in such a property?

The answer will depend on the physical condition of the building, the willingness of banks to lend for a flat in such a building and its redevelopment potential in future. Prima facie the rate quoted is that of new buildings in the Mulund area , however you have not mentioned the exact location in Mulund , hence it will be difficult to comment on the price.

I've checked certain lands at Murbad for investment purpose. Can you please suggest what would be a fair value in terms of per sq ft currently in that area? Also from a 3 year perspective what is the minimum appreciation I can look at? 
Its not clear from the question if you are investing in agricultural land, N.A. Land or plots in schemes. As regards raw land, prices range from Rs. 6 lakhs to Rs.70 lakhs per acre at Murbad depending on the exact location of the land and distance from the State Highway. Developed Plots in projects range from Rs 350/- per sq.ft. onwards. Land usually returns an annualized return of 15% - 20% p.a. over a period of time.

I have availed a Home loan of 8 Lacs from IDBI bank, my home agreement is worth Rs. 14.5 Lacs. I heard recently that the Finance ministry had announced a flat rate of interest (7.50%) for people whose loan is less than 10 Lacs and Property value less than 20 Lacs. Can you guide me if that is true, what steps I need to take to avail the benefit ? 
You will need to check with the Lending bank about the same. What is most important is to check if the Finance Ministry circular has prospective or retrospective effect. You can take advantage of the same only in case there is a retrospective effect for the same, or else it will be applicable only to transactions happening after the date of the circular.

I am looking for a 2BHK property with a budget of Rs. 40 lacs. I found options at Ulwe and at Kharghar sector 35 (near Taloja) and at Ghodbunder road, Thane. Please guide me which location would give best returns if I have 5 years horizon? Also please guide me on fair rate of Ghansoli area?

All the places that you have mentioned will give you good returns if your horizon is 5 years. To be specific it is necessary to consider the exact location and its advantages, the developer and the time period to completion. The rates at Ghansoli area range between Rs.5000 - 6000 per sq.ft. depending on location within Ghansoli.

Homes for buyers with slim wallets

There are several areas in the Mumbai metropolitan region where one can get a home within a budget of Rs 50 lakh. Enhanced connectivity is making them a viable option

As each city evolves, it also expands. From a scenario where the name 'Mumbai' was applicable to just the island city, over the decades the definition has extended to its suburbs, then the extended suburbs and now, it encompasses peripheral areas as well. A greater emphasis on augmenting road and rail connectivity, coupled with large infrastructure projects like the upcoming airport at Navi Mumbai, proposed Sewri - Nhava Sheva Transharbour Link, which will in due course connect Panvel to South Mumbai and multi-modal corridor between Virar and Alibaug have truly made it possible for people residing at any place in the Mumbai Metropolitan Region (MMR) to manage the daily commute to work and back.

Townships preferred
Moreover, self-contained township projects are making it possible to set up a home even in emerging locations as all the required facilities are easily available close at hand. Even though the skewed demand-supply ratio has led to property prices appreciating regularly, it is still possible for a middle class family to find their dream home within a budget of Rs. 50 lakh, albeit a little farther away than they would have initially envisaged.

Location logic
The size of the house available within that budget increases in proportion to the distance one is ready to commute on a daily basis. Compact flats for Rs. 50 lakh are hard to find within Mumbai city limits, with the exception of a few 'no frills' projects or those offering studio apartments in the remote corners of the Goregaon-Dahisar belt in the western suburbs or Mulund-Mankhurd on the central side.

Toll time

Once you cross the Dahisar, Mulund or Mankhurd check point and pay the toll that symbolises crossing the border, options increase substantially. Comfortable 1BHK flats or compact 2BHK flats become much moreeasier to find in the Mira Road-Vasai belt, parts of Thane and Navi Mumbai as well as the Dombivali-Kalyan belt. Going forward, areas such as Naigaon-Virar, Karjat-Titwala and beyond Panvel offer an opportunity for buying even more spacious homes.

Visible trend
This trend was visible during the recent MCHI Property 2011 exhibition where properties on the periphery of Mumbai and suburbs were also showcased as an attractive option for a home seeker in the MMR. From Titwala to Asangaon, Khardi to Karjat, Boisar to Badlapur, home seekers were provided a host of new opportunities to choose from.

Investment incentive
Even for those residing with their parents or in company-owned accommodation, it makes sense to invest in such locations because the rates are still affordable. Plus, given the fact that they are still emerging markets, the scope for capital appreciation is that much higher. These emerging locations provide good connectivity to Mumbai city by road and railway, so it is easy to lease them out as well. Moreover, residents can enjoy a lush green environment, great lifestyle and good quality of living, with world-class malls, reputed educational institutes, hospitals, resorts, etc. Given the current space constraints and rising demand of having a dream home in and around close periphery of Mumbai, these locations are ideally poised to address the housing needs of the mid-income segment.

Quality counts
Quality is also no longer a concern because the new projects on offer in Mumbai's peripheral areas are comparable with those in the established suburbs. In certain cases, the cheaper rate of land enables the builders to provide something extra to home seekers, which may not be viable in the main suburbs. While the existing 'premium' locations have retained their position as preferred locations, a number of peripheral locations are also witnessing extensive development.

Decision time
Until recently, entry level and middle class home seekers knew that there was always an option beyond the city borders. Soon certain peripheral areas began to develop at a fast pace and gradually became self-sufficient in many aspects. There too, one could distinguish between the prime and emerging locations.
The concern for home seekers today is that waiting any longer may deprive them of this option as well. Once the rates rise in these areas too, they would need to look beyond the developing extended suburbs and have no option left except the very distant locations that may not have social infrastructure in place.
So it is high time that home seekers get off the fence and take a home purchase decision.

Wednesday, December 21, 2011

Home Loan Interest Rates of major Home Financing Institutions


Home loan Interest rates from leading Primary Lending Institutions in India
Interest Rates for Home Loans are undoubtedly the most important parameter to factor into your calculations. And in most cases interest rate is the decisive factor for an investor to narrow down on a certain Primary Lending Institutions home loan offer. The interest on housing loans in India is usually calculated on monthly reducing balance basis.
Home Loan Interest Rate for a 20 Year loan (Below 20 lakhs)*
Primary Lending Institutions Floating Fixed(for the entire tenure) Fixed(with reset clause) Reset clause after how many months Current Benchmark Rate (for floating) Markup/Markdown to Benchmark Rates
Allahabad Bank BR + 1.25% 12.25% NA NA 15.00% BR: 10.75%
Andhra Bank BR + 1.25% NA NA NA 15.00% BR: 10.75%
Axis Bank BR + 0.75% 11.75% NA NA NA BR: 10%
Bank of India Linked to BR – 11.00% NA NA NA 15.00% BR: 10%
DHFL Vysya Housing Finance 13.50% NA 10.75% 12 18.25% -
GIC Housing Finance 12.50% NA NA NA - -
Gruh Finance Limited 10.75-16.00% 11.75-17.00% 10.75-15.75% Linked to the GPLR 16.25 varied
HDFC Ltd. 11.25% 16.75% 10.75% 36 18.50% BR: 10%
HSBC Bank 11-13% 11-14% 15.25% 36 17% BR: 9.75%
HUDCO 10.50-14.00% Floating + 1.00% 13.25-15% 36 - -
ICICI Home Finance Co. Ltd Base + 0.50% NA Base + 0.50% 24 17.75% -
IDBI Home Finance Ltd. 11.00-13.50% NA 12.25-13.25% 36-60 15.25% Br: 10.75%
India Infoline Housing Finance Ltd. 12.50% NA NA NAs 16.25% Dependent on
individual rating of
each customer,
amount of loan,
tenure, CIBIL
scores etc.
Indiabullls Housing Finance Ltd. 10.75-12.50% NA NA NA 17% Markup NA
Markdown 5.5%
( 14 -8.5 =5.5)
Karnataka Bank 11.75-14.75% NA NA NA 15.75% BR: 15.50%
LIC Housing Finance NA NA 12.15% 60 14.65% 2.50%
Manipal Housing Finance Syndicate Limited linked to PLR NA NA NA 12.25% NA
Micro Housing Finance Corporation 12-15% NA NA NA 14% 1-4%
National Trust Housing Finance Ltd Rural -11% - NA NA NA 15.75%  
13% General
14.5% -17.75%
Orange City Housing Finance Ltd. NA 10 50%* NA NA NA NA
(ROI 10-
15% for
home loans)
PNB Housing Finance Ltd. 10.75%-11. 50% NA 14.00% 36 14.25% BR: 10.75%
Reliance Home Finance Private Limited 12.75% NA NA NA 17.75% 5.50%
Repco Home Finance Ltd. 12.50% NA NA NA 16.00% 3.25%
Rose Valley Housing Development Finance Corporation Ltd. NA NA 12.00-13.50% 60 -- NA
State Bank of India (SBI) BR + 1.50% NA 9.75-12% 12 14.75% BR: 10%
Sundaram BNP Paribas Home Finance Ltd 12.00%-14.25% - - - 15.50% -
Union Bank of India BR + 1.0% NA NA NA 15.00% BR: 10.75%
Data as on 19th November 2011
Note: This is a sample list with no indication of a complete list of all the players in the field of Banking & Finance.  Home loan interest rates and Terms of payments are subject to change. Errors & Omissions are expected.  For more details contact your loan provider
Most of the banks and HFCs follow the daily or monthly reducing-balance method, by which the principal on which you pay interest reduces every month as you pay your EMI, resulting in a lower interest burden. Thereby, the EMI for the monthly reducing system is effectively lesser than the yearly reducing system of calculating interest.


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