Want to buy a Flat near a Slum or a Chawl ! !

My friend was planning to buy a flat in Mumbai. As always I was quick in helping him. I gave them details on one flat that was perfectly matching their specifications

My friend’s wife (Nita) wanted to know “ Is the flat near slum area?”

I informed Nita that it had no slum around 10 km radius and was expecting her to be happy to hear this. But I was shocked to hear when Nita mentioned that they looking at place that has chawl or a slum located atleast 2 to 3 km radius.

When enquired, Nita had a strong reason for such demand. She mentioned since they are both working, dependence on maid is heavy for cooking & upkeep of house. Also they need a dedicated resource to take care of their daughter Anjali. Even One day off request of the maid lead to a Chaos at home and Office. They are willing to spend Rs. 6000 to Rs 7000 for such services. Hence having a chawl or a slum close by ensures uninterrupted supply.

What Nita described looks like confirming research by well-known economist Roopa Purushothaman. Roopa’s latest report mentions urbanization will lead to generation of millions of Non farm jobs for rural sector. Urbanization is good for the country .We should not fear that it would result in Urban and rural divide. Increase in the urban consumption will result into increase in income level in rural sector.

We will see number of such needs that can be fulfilled by the semi skilled labour available at rural sector . Its an opportunity for an entrepreneur who can build a domestic BPO industry employing huge semi skilled labour in India.

Days are not far when India will also witness a dramatic change. A well dress maid will get down from her TATA NANO and flash a visiting card and say “ I am here to ensure the up-keep of our house!!.

Reliance Power IPO

In the first three months of 2008 , the total mobilization could touch a record Rs30,000crores as 170 to 180 IPO are lined up this year . ( this four times compared to last year)

Number of investors especially salaried class having limited funds to invest and are confused on which IPO to select ?

If you are looking for answer to the question " Should I invest in Reliance Power IPO? " than continue reading ...

Reliance is known for delivering high returns to its shareholders . When a group establishes such a trend than the trust becomes a single most important factor for investing.

This is main reason for the hype on Reliance Power IPO .

Relaince Power IPO will be oversubscribed and will be list at premium price giving good return for SHORT TERM .

However the prices will slide down or stagnate after listing in couple of months considering the nature of the industry. Power sector has high gestation period of 4 to 5 years .

Reliance is know for its power of execution and probability of setting up the power plants in record time is High . They had set-up Jamnagar refinery in record time .

Also The demand -supply situation is favourable for Power Sector . Accute shortage of power in the country will driving force for this stock in long run . Hence you will see an upward movement of share prices after couple of years

If you are not prepared to stay invested for a period of min 3 years than I suggest to Invest in this stock for short term ( 15 days )and make a quick buck .