Lots of events are happening in Chennai this season- We’re providing you a list of them, for your reference…
IAMAI Mobile Application Developers’ Meet
Happening on 23rd November at Vel Tech University, IAMAI’s MAD meet is a good opportunity to mobile app developers to showcase their creations, interact with industry leaders and grow. Entry is free
Register here http://iamai.in/Events/2nd_mobile_application_developer/
Barcamp Chennai 5
The 5th edition of Barcamp Chennai is happening on December 4th at Paypal office in Sholingnallur.
TEDxYouth@Chennai
Another TEDX Event round the corner…. Happening on 20th November at Cognizant Technology Solutions
[Global Delivery Center]
#5/535, Old Mahabalipuram Rd.,
Okkiam Thoraipakkam,
Chennai – 600 096
TiECON CHENNAI 2010 represents a breathtaking array of networking and business opportunities along with energizing and thought provoking keynote speakers. What started in Silicon Valley 16 years ago, is now in Chennai for the second successive year, suitably tailored to the challenges of entrepreneurs in India. This all-day event has assembled a list of powerful speakers to deliver keynote addresses and participate in panel discussions covering exciting topics – all aimed at facilitating the creation of tomorrow’s entrepreneur.
CRISIL a global entity, and India’s leading Ratings, Research, Risk and Policy Advisory Company has assigned a CRISIL IER ( Independent Equity Research ) fundamental grade of 3/5 to MARG Group .
This grade also reveal that MARG Group’s fundamentals are ” Good ” to other listed securities in India.The current price of the share is Rs. 183.60 ( as on 17 Nov 2010 ) and CRISIL’s one year fair value of the stock is Rs. 353.
CRISIL Equities has accredited a valuation grade of ” 5/5 “ which shows a ” strong upside ” to the current market scenario.
Marg’s diversified businesses like Properties,Marine Infrastructure,Urban & Industrial Infrastructure,Commercial Spaces,Marg Foundation India and Airports.This rating clearly shows signs of strong growth in each and every above mentioned segments.
And not to forget the external EPC order book increased significantly from Rs 880 million in FY09 to Rs 5,150 million as of September 2010.
CRISIL Equities expects Marg`s consolidated revenues to grow at a two-year CAGR of 66% to Rs 10 billion in FY12 mainly due to increasing contribution from the ports and EPC business.Marg’s 80% stake in karaikal port also plays a major role in this rating by CRISIL.
The total volume of shares traded was 22,336 at the BSE (16th Nov 2010).
Urban India Relying Less on Bank Finance for Housing Needs
Only 25% of urban Indians have used bank finance to invest in a house, government data released on Monday showed. Instead, over 61% of the cost of houses built by families across urban India was financed by themselves. This means India is quite removed from the build-up of sub-prime lending bubble as of now. The figures from the National Sample Survey Organization’s report on Housing Conditions and Amenities in India for the 2008-09 are startling. They confirm the anecdotal evidence of the boom in construction of residential properties in Indian towns unaffected by the changes in the rates of interest for housing loans from banks and housing finance companies.
Developers Worried Over Higher Construction Costs and Low Margins
While higher land prices and raw material costs could put profitability of companies under pressure, a steep rise in borrowing costs is likely to hurt demand. The BSE Realty index fell 11 per cent over the last month and eight per cent over the week as real estate companies reported margin pressures in the September quarter. To add to the problems, the Reserve Bank of India (RBI) toughened stance on rising asset prices. Also, doubts are being expressed about a pick-up in volume due to high prices. “A drop in volumes due to high prices could lead to working capital issues for some players”, said an analyst. The RBI’s measures – lowering the loan to value ratio and higher provisioning for luxury home and teaser loans –are likely to have a minor impact, say analysts. The sector also faces spiraling costs, which have dented the profitability of India’s largest listed players.
Mumbai 4th Most Expensive Office Space Rental Market in World
Mumbai, India’s business capital, has been ranked as the fourth most expensive market in terms of office space rentals in the world by global real estate consultant CB Richard Ellis. New Delhi is placed at the 11th spot in the list, which is topped by London (West End), according to CBRE’s semi-annual Global Office Rents survey.
November rains bring a pleasant change to Chennai’s weather. An otherwise hot and humid Chennai will be super cool during November and Chennaite’s literally celebrate after the first rain of the season…
However, the rain has its disadvantages.
Most of the localities get inundated after few hours of downpour. Subways get flooded and unusable and vehicles get trapped mid way
Will not make more sense to move away from city and settle in a well planned township?
Photo by Kiruba.com
We feel it will be a smart move to buy property at a well planned township, than invest in one inside the city. Marg Swarnabhoomi campus is an ideal place to work, live and learn. An integrated township that offers unique advantages of being able to walk to work everyday, spend max time with family and live in a self sustained community.
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