Rentals in Mumbai

I was shocked to read about the rentals in Mumbai. I am simply numb!!!

The news is located at: http://www.99acres.com/do/Company/propertyheadline?lstAcn=&lstAcnId=&src=PROPRES#144412. Search for "Rentals In Mumbai Rise 30 Pc In A Year" on the webpage. I have quoted the paragraph below for reference:


"Rentals In Mumbai Rise 30 Pc In A Year
With real estate prices reaching the sky, even rentals across Mumbai have been looking skywards, causing heavy strain on those looking for homes. In the last one-year, rentals have increased in the range of 10-30 per cent in Mumbai, directly affecting almost one fourth of city's population that lives in rented houses, mostly in the suburbs. The reason for this hike is large-scale demand along with a huge shortage of rental homes. Presently, the rent of a one-bedroom hall (1BHK) flat measuring 550 square feet at Powai is being quoted in the range of Rs 20,000 and Rs 25,000 for a month. A year back, rent for the same apartment was Rs 16,000-20,000 a month. In the same way, monthly rent for a 1BHK flat at Malad is now Rs 18,000, while the same flat was being rented at Rs 15,000 last year. In the Bandra-Santacruz belt, rents being collected are in the range of Rs 30,000 and Rs 45,000 for a 1 BHK, which was previously between Rs 25,000 and Rs 35,000. Mr Ram Prasad Padhi, CEO, Mumbai Propertys, a leading real estate brokerage firm, said that rents correspond inversely to the limited supply. "Many buyers deferred their decision to buy due to the rising property prices. But their number is very large while the houses are limited which led to the hike," said Mr Padhi. 24 March 2010 Hindustan Times"

Marathi Abhiman Geet

Please find it here: https://www.youtube.com/watch?v=7PktyRvXlMs

Qualities of software architect

My search for qualities of software architect fetched me the following good results:

http://madgeek.com/Articles/Architect/EN/architect.htm
http://www.infoq.com/news/2009/01/Architect-Qualities
http://www.opengroup.org/architecture/togaf8-doc/arch/chap30.html

Can Promises of Highest NAV Guarantee Deliver?

Can Promises of Highest NAV Guarantee Deliver?

Insurance companies have launched a spate of funds promising investors a guarantee of the highest NAV achieved. Can these schemes deliver what they are promising?

Over the last few months, one after another, a number of insurance companies have launched ULIPs which promise to repay the investor on the basis of the highest NAV that the fund has achieved. The pitch is that these funds' NAV effectively does not drop. Once a level is achieved, then the investor is assured of getting at least as much, no matter what happens to the market. It's certainly a very attractive idea. From the way insurance companies are stampeding into launching such products, I'm sure investors must be putting down their money in good numbers-in just a couple of months, six insurance companies have launched such products. Any investor who is told of this concept will immediately start salivating at the thought. Imagine how rich you could have been had you been invested over the last ten years and had been able to lock your investments at the magical value that the markets achieved on the day when the Sensex touched 20,873! more...

Disclaimer: The above article has been referenced from website of www.valueresearchonline.com

Capital Protection (Guarantee) oriented funds - Maximum Gain with Minimum Risk

This article at link below discusses about this fund type, how do they ensure protection and how an individual investor could create their own equivalent of the about fund.

http://new.valueresearchonline.com/story/h2_storyView.asp?str=101298

Great tool for sending large attachments and also not blocked by many corporate firewalls

This is a great service for sending large attachments. Many file sharing sites like megaupload, rapidshare are blocked by corporate internet firewalls. This site allows you to upload files without any problem.

http://www.uploadmirrors.com