The Comedy Of Errors

VVS Laxman is now appointed as Vice captain in Test Cricket, though he left out for one of the Test match in Srilanka Series.

Ganguly is a better one-day player (than Tests) ,but included in Test Squad.

Sehwag has good scoring records in Test than ODI ,but his vice captaincy in ODI is retained.

Dinesh Karthik without wicket keeping skills is no better than Venugopal Rao(Second highest scorer in Domest ODI season) ,but is included ODI squad..

Going by all these, we might see Azharuddin in Indian team very soon (may be as a captain).

Be ready for the surprises...

I CARE ....... DO YOU?

1st December is the World Aids Day. IMHO, humanity should not wait for any single day to combat this dreaded disease. Millions of people struggle for survival and try to conquer this ‘demon’.They need support of people like you & me. Let’s not limit our show of solidarity to any single day of the year. Let it ba show of character, of spirit, of resilience. Let us stand up for showing our support.

Each inividual should show unique strength of character & commitment to fight against this disease. And Remember the slogan that we hear on TV: AIDS ki jaankaari hi AIDS se Bachaav hai . Meanng: The more the awareness about aids, the more people will be protected against it.

Source: here

Apollo Hospital

I went to Apollo hospital today to meet Dr. Indira reddy for showing Dad's reports. I was waiting for the doctor , during that time A old man in blue suit came near to the place where I sat and discussing something with the doctors over there.. that guy looked familiar , I tried to recollect who he is and by the time it struck to my mind he left.. He is Dr. Pratap Reddy ,CEO of Apollo hospitals, who was pioneer for Corporate hospitals in India... Missed the chance to appreciate his great work ,esp ,the infrastructure inside Apollo hospital. I had great experience with following doctors and I'll be thankful to them esp Dr. Indira Reddy.

Dr. Indira Reddy -- General Physician (for Diabetis, B.P. kind of problems)
Dr. Sheshagiri Rao -- Cardiologist
Dr. Krishna Swaroop Reddy -- Pediatrician (not with Apollo now, with Pacific hospitals)
Dr. Priyamvada Reddy -- Gynocolgist (all ladies related problem)
Dr. Rajesh Fogla -- Opthalmogist
Dr.Subramanyam -- Urologist .

If you are in Hyderabad and looking for specialist doctors in above fields, I would definitely suggest above names. Cost wise, it's kind a expensive for non-IT guys , reasonable for IT and cheap for NRIs.

Inpormation is wealthu [ boys movie dialogue]... kadu kadu healthu ..

Exam prepration

Here is where I stand , with four days to go...

Able to answer all the time 65%
Unable to answer 5%
Able to eliminate two choices 30%

I'm able to hit 80% most of the time and it is all going to depend on how much I make it on that 30% of questions.. I'm practising as much questions I can and figuring out the topics ,which I need to re-study.

And the pass mark for this exam is 80% ...and 70% of time i'm able to get it .. remaining , it is variing from 70 - 90% and once I got 100% and other time 60%...

It is all going to depend on how much I concentrate for four straight hours and i'm confident enough of cracking it.

Let's wait and see..

December

Dec 2: Exam
Dec 2: Kishore's arrival
Dec 3: Going home
Dec 8: Project phase1 Go live
Dec 9: Proctor for an international exam (This is funny: I'm writing one exam the other week and the next week i'm invigilating for almost similar exam:Ofcourse, i'm paid in dollars)
Dec 11: Srujan's arrival
Dec 12: House warming function
Dec 13: Friend's sister marriage
Dec 16: Soumya's marriage
Dec 19 - 21: Workflow training to entire practice
Dec 23: House warming at Kamareddy
Dec 24: House warming function at Hyderabad
Dec 31: New year celebrations

Rest of the days , I have to spend time with Kishore and Srujan, making arrangement for Housewarming functions, Probably three trips with Kishore, Srujan and reddy hostel friends(not sure, how many of these trips will materialize) ,meeting all those whom I promised to meet after Dec 2, Czech Republic VISA processing and if possbile, work.

(un)Luckily , I decided not to participate in AIDS day(Dec 1) volunteer activities becoz of this exam (atleast it saves me from the question like "Can you give an demo please?")

Needless to say, I'm excited and eagerly waiting for this stupid exam to get finished.

Pissed off

It was all started in final year of Engg ,with giving GRE guidance and continued with helping them choose appropriate universities, F1 visa process, Assisting interviews, shopping, packing their luggage, Taking printouts with their address, booking flight tickets, Visiting Begumpet Airport (the only 24/7 job i've done so far; atleast 100 times), Taking care of their's parents health (Visited All dept in Apollo ranging from pediatrics, Gynocology, cardiology,opthalmogy and not less than 50 times), seven time Chennai consulate visit (For F1,H1,H4),Collecting Degree certificates, Sending different kind of items ranging from CD's (Cut Drawers) ,chutneys ,arranging trips, Printing Wedding cards, delivering birth day gifts, money transfers, Planning their Honeymoon trips, Guiding House selection, selecting appropriate House loans and rates ,giving Oracle Apps training and it's still continuing....

Most of the times It was happy doing ,but now, with the wastage of three crucial days of time before my important exam , I'm completley pissed off and I wish I were NRI.

IT Bachelor's confusion

E-mail forward from one of my friend.. Click on the above box to see the picture.

For my classmates

Six years back , on the very same day, I went to internet cafe, created an e-mail id with name as 'CBIT Computers, and id guess_cbit@rediffmail.com , came back to room , told Ravi



AND THE REST IS HISTORY.




.

" Many years from now, when you look back at the life that you have lived, the goals that you have achieved, the roads that you have traveled and the people you have touched, you should have only one regret that you cannot get back and do it all over again. "

Hyderabad Real Estate: My Perspective

A flat worth of 9.5 Lakhs two years back ,is now costing around 30 Lakhs . A duplex house worth of 25 Lakhs (in Apr 2005) is now costing around 70 Lakhs (don't search for calculator ,it is $150k) . Land worth of Rs.500 per sq yard(2.5 years back) is around Rs 13,000.

Why? Here is my take.

1)When compared to other places in India(Noida, Pune,Banaglore), Real estate rates were very low in Hyderabad before mid 2005.

2)as per new G.O. by Govt .of A.P, Builders have to lease out fist floor to M.C.H. and minimum area to construct aparatment is 550 Sq. yards . Because of this rule, many builders stopped constructing new apratments and the builders who got permission before that G.O. are increasing prices as per their wish

3)Low interestate rates on house loans(7.25 %floating in Apr 2005) and not much hassles in getting the loan.

4)NRIs are spending huge amounts, without really evaluating it's worthness.

Will the boom continue? Is it right to invest now? Here we go...

1)Hyderabad catched up with other places in India(ofcourse ,some places in U.S. also). So, stable on this front

2)There is huge pressure on Govt. to revert back that G.O. If that is done ,we can expect some decrease in prices (atleast some stability on prices)

3)Interest rates increased by 2%(9.25% now) and Banks are not as much interested as they were because of RBI guidelines. .. so kind a stable on this front

4)IT Boom is really good in U.S. and our NRI's are making good money ..This reason drives Real estate boom now. If our NRI's invest intelligently (or stop investing for 5-6 months ),then we can expect some stability on this front as well.

In nutshell, if you invest now, You can expect goods returns on your money (say 15-20%), but if you are expecting 100-200% (like last year), then stay away from real estate.

Save the IT People from Debts

I've been watching Hyderabad Real estate closely for the last three years and the following e-mail forward made lot of sense to me... If I were the author of this post, subject would have been 'Save NRI from Debts'.. I'm not kidding... Hyderabad IT people can't afford to buy a 3-BHK flat in hyderabad ,forget about the non-IT people. I was discussing the same with one of my cousin today and he said even non-IT NRI's could't afford these rates.

Though I have not written it, I completley agree with these stats.

====================================================
Property market in Year 2001 -2004 was quiet Ok , People were able to buy Flats in reasonable rates .

Year 2005 -2006 , Some of the well known builders started the rates boom , flat which was at the cost of Rs.900 Sq Ft now became 2200 to 2800

Q: Are there any additional facilities ?
--> No Same Scheme/Area , Flat sold at 10 Lacks Now selling at 25 Lacks .
Q: Why Property increased so High ?
--> IT people competition to buy sweet home ...
Q: Who is going to Benfit from this Property Boom ?
--> Only Builders and some of the Politicians
Q: How is the Bank's support on Home Loans ?
--> Last Year, Bank gave the loan's at flexible mimimum rate, Now Banks has sufficient number of customers , (Trap) Slowly Banker's increasing interst at % 0.5 every month .
IT People Who bought house for 22 Lacks for 20 Yrs , Now became 23 Yrs with raise of 0.5 %
Q. How some IT people can face the problems in Future ?
--> Companies are Project Based , If Projects are there then People will not be there .
Q. IT salaries are high in Market , How much actually IT-people getting in Hand ?
--> People, Who bought house of 22 Lacks to 40 Lacks They need to pay EMI
15,000 to 35,000 for 20 Yrs, If bank keeps same interst rates.
Suppose Salary is 35- 40 K Per Month, 20K will be the EmI
Q. Is there any "Terms & Condition or Processes to increase rates" ?
--> No, Depends on Buiders Greediness. Every builder follows the different strategies
Builder sold one flat 1500 Per Sqft in Morning and 1800 Per Sqft in the Evening,
There are no records maitained ...

Q. Who made builders smart & greedy ?
--> Fool IT people ..
No body is asking, Flat was sold at 12 Lacks, Why now 24 Lacks?
Q. Is Corporation water & MESB available to all schemes ?
--> Some of the area don't have the Corporation water at all , People surviving on Water Tankers.
** MESB .. Under Table ,can be managed easily .
Q. What will be the condition If We are not able to Clear the Loan ?
--> Depends on individual capabilities
Q. What wiil be the actual 'area of living' or carpet area if the builder proposes 1000 sft?
....> The actual carpet area will be 800-850 sft only. The common area is also included in the proposal.

If two flats are in the same floor, then the builder cheats both the residents by collecting.

How do Builders cheat buyers? ... Let us see with a simple example

Builder XXXX proposes a flat in a decent residential area.
Rate ( Unit Price ) - Rs. 3500 sft.
Registration - Rs. 40 per sft.
EB and drainage - Rs. 50,000
Covered Car park - Rs. 1,25,000
Corpus fund - Rs. 50000.

For a 1000 sft flat ( 850 sft carpet area ), the approximate cost will be Rs.37,65,000. In the same plot area ( measuring 2 grounds) the builder would have constructed 8 or 10 flats.

Let us see how a builder earns his profit

Total sales for the builder - 37, 65,000 *10 = 3, 76, 50000 ( 3.76 crores)
Cost of the land - Rs. 40 laks per ground

1) Total cost of the land - 80 lakhs for two ground ------- A
Total builtup area for 10 flats - 10*1000 sft = 10,000 sft
Construction cost per sft ( for normal specification) = Rs. 900 per sft
2) Total construction cost - 10,000 * 900 = Rs. 90,00,000 -------------- B
3) Other expenses for the builder - Rs. 20 per sft = Rs. 2,00,000 ................. C
Total expenses for the builder = A+ B+C
= Rs. 80,00,000 + Rs.90,00,000 + Rs. 2,00,00
= Rs. 1,72,00,000 ( 1.72 crores approx)
Total Sales = Rs. 3.76 crores - Rs. 1.72 crores
Total profit of the builder = Rs. 2.04 crores.
Let us see the share of each resident
1. Cost of land = Divided share among the other 10 residents
= Rs. 80,00,000 / 10
= Rs. 8,00,000
2. Construction cost = Rs. 900 * 1000
= Rs. 9,00,000
3. Other expenses = Rs. 2,00,000 ( approx)
Total = Rs. 19,00,000 ( Nineteen lakhs)
The total share for each resident is Rs. 19,00,000 ( Nineteen lakhs only )
but he pays Rs. 37.5 laks for the flat.
Q. How We can stop Builders -Property Boom ?
1) IT People should stop buying flats for at least next 1-2 Yrs.
2) Once rates are reasonable, with some legal process get the Booking.
3) Check Facilities, Convince, Road Approach, schools & Mainly co-operation water
4) Ask Questions If I buy 1/2 BHK at 12 to 30 Lacks, Do I get reasonable value in future?
5) Today you are capable for paying 1000 -3000 maintenance per month? Will it be the same case after 20-30yrs after retirement?
6) In All, Don't stretch more to get the more & more loans other wise it will create unnecessary pressure and tension.
7) Read the above mentioned calculation carefully, when you are about to buy a flat pls keep this in mind.