Shubh Griha- Application Form and Details

Details are now available on the Tata Housing Website for “Shubh Griha” township. Application forms will be available from Monday May 11th,2009 at select branches of SBI.

Expected Date of Allotment : 29th June,2009

Expected Date of Possession: May 14th, 2011

Forms will be available at Boisar, Virar, Vasai, Palghar, Nallasopara,Dahanu Road, Thane, Borivali(W), Andheri East branches of SBI. For details and address of the branches click the link below

List of  SBI branches where forms will be available from 11th May 2009

In addition the forms would also be available at the Fort Regional Office of Tata Housing.

Salient features of Shubh Griha

• Two types of Flats are available –
  • One Room and Kitchen
  • One Room, Hall & Kitchen

 

• The Township will provide amenities like School, Playground,Community Center, Shopping Center, Jogging Track and Hospital.

 

• The structure will be Ground Floor + 2 Additional Floors, hence it will three Floor apartments.

 

• All Rooms and Kitchen will have Ceramic Tiles flooring. Living room will have Oil bound distemper.

 

• Bedroom and Kitchen will have Overhead Storage space.

 

• Flats will be handed over with premium quality bathroom fittings and sufficient Electric fittings.

Types of Flats

1 BHK - 465 Sq. Ft.                   No. of Flats 660   Price : Rs. 6,74,250    See Flat Plan

1 RK Large - 360 Sq. Ft.           No. of Flats 474   Price : Rs. 5,04,000    See Flat Plan

1 RK Small - 283 Sq. Ft.           No. of Flats 108   Price : Rs. 3,90,540    See Flat Plan

Payment Plan

• Rs. 10,000 have to be deposited with the Application form.
• 7.5% –8.5% (depending on type of flat) of the amount to be deposited within 15 days of allotment letter
• 85% of the amount to given in 7 Quarterly Installments starting from September,2009
• Balance 5% to be deposited at the time of Possession.

For Detailed payment plan click here

Shubh Griha Website

Update: Application forms are also available at Regional Offices at Kolkata, Delhi, Bangalore and Chandigarh.

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MIC Electronics

Investment major Fidelity has bought 20.3 Lac shares of MIC Electronics at a average price of Rs. 28.99. Hyderabad based MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software. The company has recently launched High Efficiency Solar LED. At the current market price of Rs. 30, the stock trades at a Price to Book value of 1.33 and a PE Multiple of 3.94 with Industry PE at 8.87.

APTECH

India’s most well known Investor Rakesh Jhunjhunwala has bought 10 Lac Shares of Aptech at a price of Rs. 113. Prior to this Rakesh has bought 5 Lac Shares of Aptech on 19th December,2008 at a price of Rs. 81. Rakesh Jhunjhunwala also holds the position of Chairman in Aptech Ltd. Aptech Limited is a global retail & corporate training solutions provider headquartered in Mumbai, India, with a presence across 5 continents. The company commenced its IT training business in 1986. Over the years, Aptech Limited has trained over 5 million students. At the Current Market Price of 113 the stock quotes at a Price to Book Value of 3.93 and a PE of 110.49 against the Industry PE of 39.

Godrej Industries

The stock price zoomed after the announcement of Buy-Back offer by the company of 57 Lac shares at a price not exceeding Rs. 275 per share. The stock is currently quoting at  Rs.101 and has gained around 30% in last few days. At Current price the stock carries a Price to Book Value of 3.12 and PE multiple of 114 against industry PE of 23.95.

Godrej Industries Limited is India's leading manufacturer of oleo chemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates real estate. GIL operates two plants, one at Valia in the Indian state of Gujarat and a second at Vikhroli in suburban Mumbai. The company's products are exported to 40 countries in North and South America, Asia, Europe, Australia and Africa, and it leads the Indian market in the production of fatty acids, fatty alcohols and AOS.

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Tata Housing to launch Sub Rs. 4 Lac Flats

Launches Subha Griha project in Boisar near Mumbai

Here comes another low cost offering from the Tata Stable. After the launch of the world’s cheapest car Nano, the Tata’s has unveiled its ambitious project “SUBHA GRIHA” which aims to provide low cost affordable housing in Suburbs of Mumbai.

Booking starts from May11,2009 and forms would be available for Rs. 200. Allotment would be made on basis of Lottery draw.

• The township will be located in Boisar, which is at a distance of about 100 Kms. from Mumbai

• The township will consist of 1200 One Room Kitchen Flats starting at Rs. 3.91 Lacs

• The construction is expected to be completed in 24 Months time.

• The project is targeted to address housing problems of migrants who currently opt for rented accommodation

• The project would offer community Halls, School and Hospital within the township.

• There will a range of options available and the flats could cost between 3.91- 7 Lacs depending on specifications

• The company proposes to put a “No sale Clause” for a period of Nine months from the date of allotment to curb speculative sale purchase of these flats.

About Boisar

Boisar is a town in Thane district in the state of Maharashtra. It is located 45 kms (28 miles) north of Virar on the Western Railway line of Mumbai Suburban Railway. By Road, it can be reached from National Highway NH-8, {{convert22kmmi} off from Chilhar Phata. There are regular state transport buses from Palghar, Thane, Bhiwandi and Wada.

Subha Griha Project in Delhi & Bangalore

Tata Housing has intends to launch the affordable flats scheme in NCR and Bangalore in this year itself. It will launch this Scheme in other major cities including Chennai and Kolkata in the coming years.

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Yamuna Expressway : Residential Plots Scheme 2009

YEIDA Scheme Extended till 15th May,2009

(This article has been further updated on 4th October,2009 )

The notice says that the Scheme has been extended till 15th May,2009 due to demand from Public. However, things don’t look that rosy. The Scheme has not been able to muster good response from investors as expected by the Yamuna Expressway Authority (previously known as Taj Express Way).

About Yamuna Expressway Residential Plot Scheme

These residential plots will be developed along under construction Noida-to-Agra Yamuna Expressway. The proposed site / sector is about five minutes drive from the proposed Formula One Racetrack . The land on which the plots would be developed is under the process of acquisition.

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D	500	2000	1650	350	2,00,000
E	300	5000	4125	875	1,00,000

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• With the current downtrend in Real estate prices, investors are worried about the returns from the Scheme

• The Rate of Rs. 4,750 per Sq. Mtr. is considered to be aggressive given that the Scheme may take at least 8-10 years to develop.

• Investors have doubts about the progress on the proposed Noida - Agra Expressway itself and any dealy on this project would also delay development under the Scheme.

• The Agra Noida area is more prone to petty crimes and hence reduce the attractiveness of the scheme from Safety point of view.

Update on YEIDA Residential Scheme 2009 Draw

As per the Public Notice issued by the Yamuna Expressway Industrial Development Authority, the draw for YEIDA residential Scheme 2009(1) will be held on 14th October,2009 and 17th November,2009.

• Draw for All Types (A,B,C,D & E) of Farmer Categories of Plot and General Category A-4000 Sq. Mtr, B-2000 Sq. Mtr. and C-1000 Sq. Mtr. will be held on 14th October,2009 at Community Center, Sector Delta-II Greater Noida at 10:00 AM. This will be a Manual Draw.
• Draw for Category D-500 Sq. Mtr. and Category E-300 Sq. Mtr. will be held on 17th November,2009 at India Expo Mart, Greater Noida at 10:00AM. This will be a computerised draw.

Details of Eligible Applicants (whose application will be considered for draw) will be posted on the YEIDA Website from 5th October,2009. Click here to check your Application Status.

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50 Stocks out of Futures & Options Segment

SEBI has initiated changes in Eligibility criteria for inclusion of stocks in future and options segment.

Now a Stock has to fulfill following criteria to be included in the F&O Segment

• The stock shall be chosen from amongst the top 500 stocks in terms of average daily market capitalization and average daily traded value in the previous six months on a rolling basis.

 

• The stock’s median quarter sigma order size over the last six months shall be not less than Rs. 5 lakhs.

 

• The market wide position limit (MWPL) in the stock shall not be less than Rs. 100 crores.

A stock will be excluded from F&O on the basis of following criteria

• The Market wide position limit in the stock falls below Rs. 60 Crores and if Stock’s median quarter-sigma order size over the last six months is less than Rs. 2 Lacs for a period of continuous three months.

Further, once the stock is excluded from the F&O list, it shall not be considered for re-inclusion for a period of one year.

Based on the above criteria, the stock exchanges have issued a circular effective from 4th May,2009 excluding 50 stocks from F&O Segments. The existing unexpired contracts for the month of and April, May and June 2009 would continue to be available for trading till their respective expiry and new strikes would also be introduced in these existing contract months.

Prominent stocks excluded from F&O segment include 3i Infotech, Alok Industries, Aptech Limited, Gitanjali Gems, Jet Airways, NDTV, Rajesh Exports, Karnataka Bank, Amtek Auto, GNFC, Thermax, Hindustan Oil Exploration, RIIL and Wockhardt

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TCS’ full services strategy significantly contributed to overall company performance.  BPO and Infrastructure services grew by more than 40% compared to FY08. Demand for core IT and ADM services remained strong, with more than 50% of the large deals in FY09 coming in this space. Engineering services grew through FY09, though ongoing pressure in the US Auto and Hi Tech industry could adversely affect demand in FY10.

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