Living With The Stars

WealthymattersFor a discerning buyer looking to acquire a luxury pad in Mumbai, Vithal Nagar Co-operative Housing Society in the suburbs may not sound like a great address. But, what if this is where Bollywood superstar Amitabh Bachchan’s Juhu bungalow Pratiksha is located? That information is certainly going to draw in several loaded home buyers. Because of Bachchan’s presence here, the location has turned into a prestigious one.Residents take pride in being part of this address. Prices are higher as it is counted as a prominent address.

Apartment prices at Anuradha Satyamurthy Residency, the seven-storey building that shares the compound wall with Bachchan’s bungalow Pratiskha, are around 20% higher than other buildings in Mumbai’s Juhu area, home to several Bollywood stars.Builder KV Satyamurthy converted his bungalow, built in 1962, into this high-rise apartment in 2001. He has retained two top floor terrace apartments for himself, and sold the other five that fetched him nearly 20% premium, and still continues to be hot property. Read more of this post

Up And Up Again

The ongoing Modi-led rally catapulted the BSE Sensex to its first-ever closing over 25,000 points yesterday. This rally has propelled at least seven promoters into the billionaires’ league. One of them,77-year-old Qimat Rai Gupta, promoter of Havells India ,broke the billion-dollar personal wealth barrier for the first time. Another, Irfan Razack of Prestige Group, a Bangalore-based real estate developer, stands at the cusp of doing so.


Indian Philanthropy

wealthymatters.comHere are some major features of Indian Philanthropy as enumerated by eminent Indian businesspeople.They are perspectives that were articulated in response to the Gates-Buffett ‘the Giving Pledge’

1.”India has a very old culture of giving, since the time of Buddha. The concept of philanthropy is not new to us.”—-Rahul Bajaj, chairman, Bajaj Group.

2.”Philanthropy in the first world and in the third world are two different things. In the first world people donate to build a baseball stadium. In India, we have to decide for ourselves what we want out of philanthropy. It is not for the Americans to tell us.”

“shareholders have done more charity than Gates and Buffett put together. How? By allowing Cipla to export drugs for $100 million to Africa, which could have fetched $4 billion if they were exported to the US”—-Yusuf Hamied, chairman & managing director, Cipla Read more of this post

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