Tool Kit | wealthymatters

State Of The Rental Home Market

June 27, 2013 12 Comments

wealthymatters Demand for rented homes has halved and rents are down by 25% in several popular residential localities in Mumbai, Delhi and Bangalore, as India Inc tightens housing budgets in its battle against economic slowdown. In Mumbai, rentals in marquee buildings like the sea-facing Haveli on Malabar Hill, NCPA Apartments at Nariman Point and Maker Towers at Cuffe Parade, where rentals range between 5.5 lakh and 12 lakh a month, are down by up to 30%. In Delhi’s Vasant Vihar, West End, Chanakyapuri, Shanti Niketan and farmhouses in Chattarpur and West End Greens,rentals have dropped 25% in the last one year. Rentals in apartment buildings in Bangalore neighbourhoods like Epsilon in Yemlur and Prestige Exotica on Cunningham Road are also down by 35% this year.Rents in Epsilon range between 7 lakh and 10 lakh. Corporate earnings have been subdued and no new expansions have been announced in the recent past. Companies are hiring less and also cutting down on perks such as rentals. Read more of this post

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Labour Market Insights

June 27, 2013 2 Comments

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Filed under Tool Kit Tagged with decline in labour force participation, female to male wage ratio, job creation, labour force participation, odd jobs on the rise, percentage od self employed gone up, postaday, rise in the number of dependents, rising unemployment rate, unemployment rate, wage parity, worker population ratio, worker population ratio decline

The Ameriprise India Financial Intelligence Index Survey

June 27, 2013 Leave a comment

In this survey,an early start, goal-based planning and willingness to seek professional advice have made Mumbai investors the most financially intelligent in the country. Mumbai investors scored 5.8 on a scale of 10, the highest among the six cities, in this study conducted by TNS India on behalf of financial planning firm Ameriprise India. Delhi ranked second on the Financial Intelligence Index with a score of 4.5, followed by Hyderabad, Pune, Bengaluru and Chennai . The study gave equal weightage to five parameters: the age at which you start investing, portfolio diversification, long-term horizon, goal-based investment and seeking professional help. Nearly 700 upwardly-mobile investors with an annual household income of 12.5 lakh and in the age group of 28-45 years responded to the survey. Read more of this post

Filed under Paper Assets, Tool Kit Tagged with age at first investment, Ameriprise India Advisory Services, financial advice for couples, financial advice for women, financial assertiveness, financial confidence, Financial Intelligence Index, financial planning, financial planning firm, goal based investment, goal-based planning, long term horizon, long term investment, portfolio diversification, postaday, professional advice, retirement planning

Thought For The Day

June 26, 2013 Leave a comment

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Filed under Theory, Tool Kit Tagged with postaday, quote on attitude, quote on grace, quote on patience, what defines you

Accessing Foreign Securities

June 17, 2013 Leave a comment

wealthymatters

Its common knowledge that resident individuals in India can each invest upto $200,oo0 (about 1.2 Cr Rupees)abroad per year.However, not all potential investors have more than a few lakhs to invest and few have access to the infrastructure and knowledge to invest abroad by themselves.

So if you are looking to take the first few baby steps to diversify into foreign assets in a limited way here are the services you could access:

ICICI Securities

Kotak Securities Read more of this post