Saturday, November 21, 2009

Google beefs up mapping and real estate search

November 20, 2009
Google has beefed up its map search considerably with basic natural phrases now added. In the past a user has to select real estate, now all they need to do is use basic search terms in mapping.

“Recently, we have been working on a particularly interesting project that combines Google Maps and search technology -- we’ve been trying to work out if your search query in Google Maps means you’re interested in having current real estate listings returned to you,” a press release from Google said.

“So here’s what we’ve been cooking up – in the past, if you wanted to view real estate listings on Google Maps, your best bet was to select “Real Estate…” from the “More” menu at the top of the map. Now, simply searching for “real estate” will return, well, real estate. You could also try “homes for sale Sydney” or “homes for rent Adelaide”. Or while you’re at it, check out “apartments for sale Brisbane”, or “homes for rent near Perth”.

“We also wanted to tell you about the integration of real estate listings with Place Pages. Now clicking the “more info” link next to a listing takes you to a faster, easier-to-read page that gives you all of the information we have about a listing: photos, inspection times, videos, details, a Street View preview and nearby public transit information if available, allowing you to quickly find the listing you want and click through to the sources of the listing,” it added.

“We hope you find these features improve your real estate search experience on Google Maps,” Google said.

Wednesday, November 18, 2009

Brigade group plans budget housing

Published by Newsroom November 18th, 2009 in Affordable Housing - New and Newsbytes.

Brigade group, Bangalore-based real estate developer, is testing the waters of affordable housing with ‘Brigade Value Homes’ which it plans to launch in Bangalore. The company is looking to invest Rs 2,000 crore on building compact residential properties in the next four years.

The company will build low-cost residential projects on Kanakapura Road, Devanahalli Town, Mysore Road and K R Puram in Whitefield, totalling 10,000 homes with a base price in the range of Rs 10-26 lakh, of which 2,500 units will be available for registration in the first phase.

A one BHK flat of 500-550 sq feet costs around Rs 10 lakh to Rs 13 lakh. Two BHK with 850-900 sq feet is priced in the range of Rs 17 lakh to Rs 21 lakh while three BHK with 1,050-1,100 sq feet is priced at Rs 21 lakh to Rs 26 lakh. The company plans to launch the properties in the next 6-12 months.

“To a certain extent, the compact home project is a way to ascertain the demand for a specific location or a type of apartment. There is a huge demand at the bottom of the pyramid. With urban population expected to double in the next few years, we expect the demand for affordable hous-ing to go up,” said M R Jaishankar, chairman and managing director, Brigade Group.

Funding for the new initiative will come through 163rd each from internal accruals, customer advances and institutional funds. While the company has no plans to set up a subsidiary for low-cost housing, the Devanahalli project will be operated as an SPV with BCV Developers, a joint venture of Brigade Group and Classic Valmark.

Other cities being looked at for future expansion under the affordable housing initiative are Mysore, Mangalore and Chennai. At Mangalore, the company has soft launched a residential project ‘Brigade Sparkle’ which will offer 230 units priced between Rs 18 lakh and Rs 25 lakh.

The Brigade group, with interests in residential, commercial property as well as hospitality is developing projects in these sectors and is expecting to get approvals for nearly 12-15 projects by March 2010. This includes projects in Hyderabad, retail property and business hotel in Chennai and SEZs in Mangalore and Kochi. It is developing close to 35 million sq feet presently and is looking to develop 12 million sq feet in the coming months. Early this year, the company had spoken about diluting the stake of its wholly-owned subsidiary, Brigade Hospitality Services (BHSL) for raising capital. Jaishankar said JP Morgan had been mandated for the purpose and that the company could look at a dilution of 25-30 per cent by the 1st quarter of 2010.



Source: Business Standard

Tuesday, November 17, 2009

Want to build a high-growth enterprise that will create a lot of value?

Author: Arvin Babu
Partner, Greylock Advisors India.
 

Want to build a high-growth enterprise that will create a lot  of
value? -By-Arvin Babu
Good margins and good growth create great value. Sectors growing faster than GDP and attracting capital include traditional sectors such as infrastructure, real estate, manufacturing, and those that result from increased expectations and desires for higher quality services: think healthcare, financial services, education and public services.

Technology plays a crucial role in delivering services from these sectors in a cost effective manner to the majority of the population. For the past 44 years, Greylock has in turn served as a catalyst for businesses to deliver this crucial technology. Most of Greylock’s colleagues are former entrepreneurs or senior executives in leading technology companies who can relate first-hand to an entrepreneur’s journey.

What do VC’s look for in an opportunity?

Venture capitalists look for a business’s ability to scale non-linearly with cost: that is, revenue has the potential to grow much faster than expenses. Of course, the challenge is to know and recognize attributes that contribute to non-linear growth. As a result, Greylock focuses on evaluating a company’s barriers to entry—technology, market position, etc.—that would provide enough runway for scaling the business before competitors can materialize.

What is an example of an opportunity that has built-in barriers to entry?

One area that poses barriers for global players is found in local markets. Pure-play global technology companies such as Microsoft, Google, Cisco, and Yahoo! dominate their respective categories in India precisely because there are few barriers to entry. India’s largest indigenous internet portal, Rediff, has annualized revenue of ~$30 million—a drop in the bucket.

However, other areas pose considerable challenges for global players. For example, although India’s Airtel has average revenues per user (ARPU) of roughly $6.00 compared to AT&T’s ARPU of $60.00, Airtel’s margins are better. In this case, AT&T cannot match Airtel’s cost structure and obsessive focus on maintaining the lowest cost per transaction. This combination of healthy margins, location-induced cost advantage, and phenomenal growth is creating tremendous value.

Likewise, services relating to financial inclusion, delivery of quality, affordable healthcare to the majority of the population, extension of education to the nooks and crannies of the country all stand to create market barriers and, consequently, great value.

What are some global opportunities that can be leveraged by Indian companies?

With India’s IT/ITeS revenue reaching $50B a year, an amazing talent pool has emerged that understands the core business processes underlying the next generation application services. Also, as many of the services oriented leaders move away from the time and material model toward a “solution as a service” model, the creation of SaaS, IaaS and cloud-based services companies will accelerate. Even traditional BPO firms that are focused on lower margin opportunities stand to gain if they leverage their understanding of business practices to deliver their solutions as a service.

What is the ideal startup ecosystem?

An ideal startup ecosystem would include local customers, financing, access to technology, talent and exit opportunities! While it will take some time before a Silicon Valley can emerge, one can exploit local advantages, including the ability for a company to grow profitably, creating barriers based on cost structure, etc to compensate for the absence of all attributes found in a mature ecosystem.

What’s required for success?

It is quite challenging to predict the future for large corporations, let alone for startups! India as a market is underpenetrated for many of the basic services in the financial, healthcare, education and public services sectors. Any company, startup or not, that strives for great customer satisfaction and best cost in providing the service has a great opportunity to be an independent public company.

And finally, an idea without execution is a mere hallucination. Execute like there’s no tomorrow!

An Open Letter to the Youth of India

Author: Suresh Elangovan
CEO and Managing Director, Mindlogicx.
 

An Open Letter to the Youth of India  -By-Suresh Elangovan
My dear friend!

Many times in our lives, we are dropped, crumpled, and trampled into the dirt by the decisions we make and the circumstances that come our way. We feel as though we are worthless. But disregard of what has happened or what will happen you will never lose your value. You are special and don’t ever forget this. Never let yesterday’s disappointments overshadow tomorrow’s dreams.

A Dream for Every One

Every one of you have a dream in your life. It’s normally a dream that needs nourishment all the time and a dream that you would like to live to relish. But sometimes your dreams slip by you, as you watch helplessly and it becomes an unfinished agenda in your life. Then it becomes one among the hundreds of thousands of dreams that are difficult for many of us to realize. When you don’t realize your dream, you tend to think that destiny has played in your life. You reconcile yourself with what is called fate and think you are a child of destiny. It all started with the belief that you are a typical child of destiny and started believing that you are indeed God’s child, programmed to-be-so and to-do-so. But the fact is different. You are here by choice. Not by design of destiny that has programmed you to be.

Do You Remember Those Days?

It has been many years since you last saw the beginnings and ends of academic sessions, semesters, and holidays. Do you remember those days in your college when you played tricks to bunk classes of the physics professor and the ‘reason’ to attend the classes of lecturer Latika. Do you still remember the days when you struggled to get some pocket money, enjoy eating the canteen food (have you ever measured the viscosity of the dhal supplied?), drinking ‘bi-two’ tea during the month end, going triples in your friend’s bike and not having the money to pay the fines to traffic cops (do you still call them uncles?), dreaming about the next door girl (is she still going to college with her father?), and finally thinking about your own future too?

You must have had the first crush while at school. The ‘special some one’ would have been your neighborhood beauty or your classmate or schoolmate or some one you met in your uncle’s party. You must have felt that the person was awesome. You must have liked the way your ‘special some one’ dressed, walked, and smiled at you. Then, again, you must have fallen in love with ‘some other special one’ in your life and thought you had found everlasting love. Unfortunately, it was not to be. Living with shattered dreams could do more damage than chain smoking (statutory warning), and of course not a nice feeling one could carry on with. But as the saying goes, life always gives you a second chance and one has to be an optimist always.

Evolution of ‘You’ in the ‘Youniverse’

At the age of five, your parents must have told you that you would become an engineer or doctor (because they liked the idea of their ward carrying a T-square or wearing a stethoscope around the neck - thanks to the many films they had seen); at 10 your uncle must have told you to study a foreign language; at 15 you must have decided to become a cricketer (because, it’s always nice to be famous and have lots of money, shoot for ad films, and party with the latest Bollywood stars, leave alone batting for India); and may be now you have realized that you should become a professional (whatever it takes to be). When you move forward and enter yet another year, you will realize that the dreams have faded away into mere memories while reality takes you forward. You certainly need someone to handhold you, mentor you, and put you on track. You need someone to administer the right treatment to make you a successful breed. In short, can we say you need some ‘uncle’ to help you realize your dreams or goals? But then who is this person and where on earth you can find him? The right way is to be yourself in the ’youniverse’ where every one wants you to be some one else and make the difference to be noticed and earn some recognition. You need to create a space for yourself in the ‘youniverse’ to become successful and I am sure the uncle will be glad to help you do so. A word of caution though, don’t try to impress a girl with the uncle’s riches, or else one day she might become your aunty.

So What are You Looking for?

So you must be wondering as to what are you supposed to do now? You are here, as I said earlier, by choice and not by design. You must now make the right choice and the right move by equipping yourself to be industry-ready. I am sure that you would know by now that you don’t get a second chance to make the first impression.

Have you ever thought about your future? A future that can give you a life filled with joy and a sense of fulfillment? Do you wish to carry forward and cherish all your dreams? Do you think that you ‘can do it’ in your life, or that you have to make compromises just because you are not going to get the immunity as a student any more and will have to face the cruel world? Did your father say that he too faced a cruel world and worked hard to bring you up? Don’t you think that you should break the shackles and break free and realize all your dreams? Don’t you think you should have the liberty to play your game in your own style, in your own pace, and on your own terms? All set in your ‘youniverse’, specially created for you.

How do you think you can do this? How can you bridge the gap between your long cherished dreams and your life? While you had seen the best of your college life, you should also get to know about your future that can possibly fulfill your dreams. Secure your future by making yourself ‘employable’ or ‘self employable’. Use the power of technology to achieve your personal aims and professional goals.

Be a Part of Knowledge Society

For fifty years we have been a developing nation; it is time we saw ourselves as a developed nation. We are among the top five nations of the world in terms of GDP. We have a growth rate of 10 percent in most areas. Our poverty levels are falling and our achievements are being globally recognized and appreciated today. India must stand up to the World; unless India stands up to the world, no one will respect us as a nation - only strength respects strength. We must be strong, not only as a military power, but also as an economic power. This is our vision, and it can be none other than transforming India into a developed nation. The government alone cannot achieve this vision and we need a people’s movement in the country; and this is the time to ignite the minds of people to join this movement. We must all share this vision and deliver knowledge to the needy using innovative technologies. We must be committed to propel the national economy through a knowledge based eco system.

Our former president Abdul Kalam rightly said, “Ignited minds of the youth are the greatest resource compared to any resource of the earth, under the earth, and above the earth. When ignited minds work and perform with an indomitable spirit, a prosperous, happy, and safe India is assured.”

Powering India’s Knowledge Competency

With India’s seemingly endless flow of young and motivated engineers, scientists, and business managers offering world-class skills in almost every area of global business, we are emerging as the next ‘superpower’. It is heartening to note that we are poised for an explosive growth and are heralded as a potential economic superpower by 2020. But are we in a position to really live up to this expectation or will it just end up as a hollow hype? With many multi-national companies setting up operations in India, there is a sudden demand for skilled workforce in retail and the IT enabled services like BPO and KPO. There is a requirement of human potential to handle high volume business. To enable this we must adopt to smart technology assisted learning system and create a knowledge based eco system that can convert the erstwhile weakness (over population) into an opportunity (human resource based) by providing various reskilling and upskilling programs to the needy in association with experts in particular domains. There is a great demand for skilled professionals while the supply is low. Our universities are unable to bridge the gap and provide skilled manpower that the industries are looking for and hence there is a greater demand for adoption of technology to deliver knowledge on-demand.

Experts opine that there must be a skills based pedagogy built into our educational system to provide various means of reskilling or upskilling to the students in the science, commerce, engineering, and management disciplines and make them employable or job ready. These courses are more like vocational programs and they should be able to enhance the skills of students in order to make them ‘employable’ or ‘self employable’ or enable them to transform themselves from being job seekers to job providers. Our target should be the millions of graduates like you who have the energy to make this mission a reality. What is needed is the ‘hand holding’, a mentoring process by which we can make you become ‘job ready’. The focus should be to convert the human population into human potential and make one employable in the areas of his or her expertise.

What Next?

Do you know that the greatest distance between two people, the toughest communication between two hearts, and the longest journey between two places are ‘between you and your employer’? A dedicated approach towards life is absolutely essential for you to reach the stars. There is nothing impossible if you can believe in your dreams and work towards it. Your dreams should float impatiently in your mind till you reach your goal.

I sincerely believe that the dreams of one billion Indians can’t go wrong. You are one among them; don’t let your dream go wrong. We are here to incubate your dreams.

With sincere wishes for a successful tomorrow.

Thursday, November 12, 2009

Developers in Bangalore Plan to Target Middle and Upper Middle Segments



Mantri DevelopersAfter almost a year of lull due to the economic downturn, the real estate sector in the country’s IT capital is slowly picking up and is all set to focus on the middle and upper middle segments, where it envisages huge potential. Customising their offerings, builders are keen to capture these segments, which are witnessing increasing demand.
For Mantri Developers Pvt Ltd, “the recession for all practical purposes is over as far as the real estate sector in the city is concerned”. The Bangalore-headquartered group, which has been in the business for over 10 years, admitted that there was “slackening in demand from October 2008 to 2009. Prices had hit rock bottom and customers were holding back, anticipating further slash in rates”.
But post-April, there has been a surge in sales in the industry as customers realised that “there would be no further decrease in prices”, an official of the firm said on condition of anonymity. The firm, which is looking at the upper middle class and high-end segments, sees a rise in demand in both, more so in the upper middle category. “However, despite the slowdown, demand never slackened in the high-end segment”, the official said. The firm’s two ongoing projects, one in the high-end (ranging from Rs one crore to Rs 10 crore) and two in the upper middle class segments (priced at Rs 35-70 lakh) will be completed in another six to eight months.
“Thanks to the slowdown, it is the genuine buyer who is coming forward now instead of the investor. These buyers want the reassurance of reputed brands which are cash flow positive and the pace of progress is visible”, the official said.
The firm, which has also taken up projects in Chennai andh Hyderabad, rates the Bangalore market as the ‘best’, compared to Hyderabad where is it is ‘reasonably good’ and Chennai where it is ‘picking up’.
Shahwar Pasha, Assistant General Manager, Business Development, Prestige Group, echoed similar sentiments about a resurgence in the market. “It is the end-user, the actual buyer who is ready to buy now”. The Group, which was earlier targeting only the luxury market (Rs 75 lakh- Rs six crore) is now “seriously looking at the middle and upper middle segment as enquiries are for affordable homes”. Pasha, who feels the “demand for the high-end is a little less”, hopes the market will be vibrant by the middle of next year.
Expressing a slightly different view, Pradeep Jacob, Marketing Manager, Confident Group said “demand for apartments has bottomed out in the last nine months. The demand for apartments is flat now”. The four year-old group, he says, has been successful because they have focused on plots, townships and low-budget (Rs 17-20 lakh) and middle category flats (Rs 30-40 lakh). “Our low budget and middle segment flats’ sales have been good because they are within a 10 km radius of IT companies”, Jacob said. The group, which has catered to a “diversified segment,” including the high-end in the form of villas, says it has “not witnessed any decrease in demand for villas”.
Suresh Goel, who handles marketing for Salarpuria, the Kolkata-headquartered firm which has been in Bangalore for the past 19 years, says the firm intended to take more projects for the middle segment as it sees ‘a growing demand’ there. The firm, which has two middle category projects inBangalore North has witnessed ‘maximum sales in those’, he added.

Seven Rules For Succeeding As A Brand-New Leader

You must do certain things even before you start the job.

The actions you take during your first few months in a new role have a major influence on whether you ultimately succeed or fail. Transitions are pivotal times, in part because they are when everyone expects change to occur. They're also times of great vulnerability, when new leaders lack established working relationships and detailed knowledge of their new roles. If you fail to build momentum during your transition, you will face an uphill battle from then on.

What does it take to make a successful transition into a new role? My research has led me to compile seven rules that can help any newly appointed leader take charge more effectively:

Rule 1: Leverage your time before entry.

Your transition begins during the selection process when you're being picked for the job, not when you formally enter the organization. If you fail to use the time before your move effectively, you'll undermine your ability to get on top of the job right from the start. It's a priceless period for absorbing information about your new organization and beginning to plan. Wise new leaders therefore use the time between the decision to take a new position and the formal start date to jump-start the transition process.

Rule 2: Organize to learn.

Taking on a new role can feel like sailing into a dense fog. You can see only a short distance and must exercise great caution as you strive to get your bearings. Because expectations for you are high and your time is precious, you must be an active learner. This means organizing to learn as efficiently as possible everything you need to learn about your new role. Plan early on to focus on three distinct types of learning: technical, political and cultural. Technical learning means understanding products, markets, customers, strategy and operations. Political learning means assessing how decisions are made, understanding who is most influential and identifying key sources of power. Cultural learning means understanding your new organization's norms and values, its accepted ways of working and all the habits that make its character unique.

Rule 3: Secure early wins.

By the end of your first few months on the job, you will have to have made substantial progress energizing people and focusing them on solving the business's most pressing problems. It is crucial that people see momentum building from the start. Tangible improvements motivate employees, encouraging them to try for still more and better. So plan to secure early wins by identifying significant problems that can be tackled in relatively little time. Their solutions must yield identifiable operational and financial improvements in performance.

Rule 4: Lay the foundation for success.

Early wins will help you get off to a good start, but they won't suffice for continued success. You must also lay a foundation for the deeper changes that can bring sustained improvement in your organization's performance. Your efforts during the first six months to lay that foundation must focus on building the team, transforming key structures and processes and developing all the skills you yourself will need to achieve your goals.

Rule 5: Construct a personal vision.

To get people to buy in and go the extra mile, you need to conceive a personal vision for your organization and make it a shared vision. You do this through cycles of observation, imaginative visualization and clarification. The new leaders best able to formulate a vision of what they want to accomplish are those who observe most carefully how their new organizations work. Thoughtful observation of the situation at hand, and hard-headed assessment of potential threats and opportunities, enables you to imagine--and communicate--what might be.

Rule 6: Build alliances.

You can only transform an organization if powerful people and groups find that helping you do so is in their own interest. New leaders can learn and plan, but they can achieve little on their own. Armed with knowledge of the political landscape, reach out and consolidate potential sources of support. Strive to convince those who can be convinced. Early in the transition, many people will be neither dedicated supporters nor implacable opponents. They will be indifferent or undecided--and, hence, persuadable.

Rule 7: Manage yourself

Finally, knowing and managing yourself is as important as knowing and managing the organization. The physical demands of a transition are high as you log endless hours traveling and attending meetings and face ever more work. The emotional demands are also great as you try to cope with not only challenges at work but also disruptions in the usual rhythms of life at home. You must therefore prepare for the emotional burden of transition by developing ways to maintain your equanimity. The key is to build the right networks for advice and counsel that can help you to exercise clear-headed judgment, stay focused and maintain emotional evenness.

It's up to you.

Success in putting these seven rules into practice won't guarantee a smooth transition. Even the best-laid plans can go awry. But care in planning and carrying out a transition can substantially improve your chance of success--and your chance to get opportunities to make further transitions in the future.

Michael D. Watkins is the author of Your Next Move: The Leader's Guide to Navigating Major Career Transitions. He is co-founder of Genesis Advisors, a leadership development firm in Newton, Mass., that specializes in transition acceleration programs and coaching. His previous books include The First 90 Days: Critical Success Strategies for New Leaders at All Levels and The First 90 Days in Government: Critical Success Strategies for New Public Managers at All Levels.

Sunday, November 8, 2009

How to Become Rich Using Your Banker’s Money

• Why real estate is the best investment in the world
• How you can consistently find great deals
• The eight golden rules of real estate investing

Go to Link : http://books.google.co.in/books?id=-t9Gyl88FJIC&lpg=PP1&ots=RvMIZnQge3&dq=dolf%20de%20roos%20real%20estate%20riches&pg=PP1#v=onepage&q=&f=false

(Copy and paste )