Honey Traps


wealthymattersToday’s find has been the pheromone-based pest control traps made by Bangalore-based  Barrix Agro Sciences.

Barrix Agro Sciences is a start-up founded by Lokesh Makam-an MBA in pharmaceuticals management who had worked for companies such as Ranbaxy, Dabur and Himalaya and  Mayil Vaganan who had worked at pharma majors like Cadila Pharmaceuticals and Ranbaxy, before changing their focus to agriculture.The company was set up in 2011 with their personal savings of 23 lakh.

Fruit and vegetable farming are simple ways of making more from smaller land holdings.And the greatest challenge you will face in bringing up a good crop are the fruit and vegetable flies. They create holes in the fruits and vegetables and make them unfit for sale, You end up spending about 50,000 per hectare on pesticides.

The problem with pesticides is that besides being expensive, they  are washed away by the rains. The pheromones developed by Barrix are artificially synthesized smelling agents that attract pests. Instead of eating the crops, the pests are attracted to the pheromones in the traps and so can be trapped and destroyed. Read more of this post

The Economics of High-End Tractors


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In the past, many progressive Indian farmers opted for customization to make tractors more comfortable because manufacturers didn’t give any standard options in those days.For example some Punjab farmers retrofitted air-conditioned cabins on their 75 HP John Deere tractors in the absence of any standard option.By doing so they enhance efficiency. With an AC tractor, they could plough their fields for more than 15 hours a day compared with the 5-6 hours  on a regular tractor. To modify tractors,people downloaded the design from the internet and customizes their machiness for varied needs.

These days,high-end luxury tractors,make such effort unnecessary.Unlike regular tractors, these luxury machines are not defined by their engine horsepower and other technical specifications alone. The customization options and other high end features make them different from the regular tractors. Eg,Ferrari allows farmers to have 4-wheel drive options on equal size wheels (regular tractors comes in different wheel sizes) and front-engine mounting for low turning radius and ideal weight distribution. The famed oscillating chassis gives the machine the flexibility to navigate on hill slopes and terraced farms. Others offer higher-powered engines, heat ventilation and air conditioning in the cabin , air suspension seats and tiltable steering, Read more of this post

Flat Sizes


wealthymattersThe picture above shows the average flat size in different countries across the world.

Here’s what’s happening to flat sizes in India:

Property developers have cut down on the size of residential apartments by about a third in Mumbai and Delhi over the past five years in a bid to contain prices and push sales in a tepid market. However,while smaller apartments appear to have become the norm Mumbai and Delhi, there is  a varying rise in the median apartment sizes in other cities including Bangalore, Chennai, Pune, Hyderabad and Kolkata. Read more of this post

The South Delhi Property Market


wealthymattersPrices of homes in upscale South Delhi have dropped by 20 per cent-35 per cent over the last one year, with developers and cash-strapped investors offering big discounts to dispose off their assets in a slowing economy.

Till about six months ago, discounts on new homes in the area were being offering only by developers facing oversupply. But with the economic situation worsening, this category of sellers has expanded to include cash-strapped investors and businessmen who are keen to sell the high-end apartments they had picked up some years ago.Some people over leveraged themselves by buying multiple properties when the going was good. Now with the market slowing down, they are looking at exiting but are unable to find buyers,They have no option but to reduce their price expectations, hence profits.

The situation offers an opportune time for bargain hunters looking for distress sales.Those, who are in businesses that are in perpetual demand, are the ones lapping up these properties at great discounts. Read more of this post

Yes Lady Finance Co


wealthymattersYes! Now high end luxury bags are assets! At least in Hong Kong where the Yes Lady Finance Co, accepts them as collateral for loans.

This four-year-old company accepts purses on the spot, bringing in assessors from affiliate Milan Station Holdings Ltd.,a chain for luxury secondhand purses, to check the bags’ condition and authenticity.

Yes Lady provides a loan within half an hour at 80% of the bag’s value—as long as it is from Gucci, Chanel, Hermès or Louis Vuitton. Occasionally, a Prada purse will do the trick. Secondhand classic purses and special-edition handbags often retain much of their retail prices.

A customer gets her bag back by repaying the loan at 4% monthly interest within four months. Yes Lady says almost all its clients quickly pay off their loans and reclaim their bags. Read more of this post