Showing posts with label Land value reducing in india. Show all posts
Showing posts with label Land value reducing in india. Show all posts

11.10.08

Social Article- Buy a Property in India

Hi Friends,

Its pretty new topic / its not a technical topic and no way related to my blog topics. But, to create an awareness among our people (particularly software engineers). I scheduled my time to analyse the facts and express the same in my own words.


People who are involved / affected:

  • Mostly software engineers (70%) , people in very good position (Government job)(10%), business people (10%) and other people (10%).
  • One day, I wish to buy some flowers for my wife and went to a lady(she is selling flowers in the road). I asked flowers for Rs.5. She told about the increase in flower rates and I will be getting very less flowers for Rs.5. I replied her back. "No, i need it for Rs. 5. Its more than enough for me." Immediately, she enquired about my profession, and I told, "I am a software engineer" Immediately, she replied me back "Boss, You are earning lots and lots of money. But, you are not ready to buy flowers" She gave some flowers and forced me to give Rs.10. Its not a huge amount for me, but once, if someone comes to know about our profession, i wondered to see the rates reaching peaks. Are we cursed like this?
  • No one knows the pain and hard work behind our earnings. To Complete an engineering couse is not an easy job. Clearing all the subjects (arrears too)..and after getting a degree with first class distinction. I can remember those days (Carrying resume and requesting others for job - we need to get employee referral - First round , Second round, Third round of interviews). Many people will loose their opportunity in the final round. Its hard time for us to get a good job in software industry.
  • After getting job, we need to survive in this ever changing IT field, daily we need to update our knowledge to survive in this world, need to face lot of junk politics, lots and lots of restriction in the name of cost cutting, no job surety, no proper healthy food (as we are modernised with fast foods and hifi junk foods), no proper timeline to work, cant adhere to particular technology, no proper growth, no proper recognition. Atlast, we become more flexible as a non technology cum non human being (Entire brain loaded with junk politics).
  • No one thinks that, we (software engineers) dont have good money in hand to buy a single toilet room too. Its because with the help of banks we are buying houses. Do we have time to think, if my software job is gone . What I will do? How to repay the loans? We may think that, am having house right. I will sell the house and repay my loans. Then, Whats the reason for buying a house and stretching ourselves under pressure and huge headaches. What happen, If the rates went down. Now, In US market we can get a house for Rs.82,000. But, no one is there to buy that house. Do you think, it wont happen in india?

Increase in rents:

  • Our software engineers will be seeing huge money in the initial stage - Fresher (an average of Rs.20,000 per month). Immediately, they will target to buy a good bike and ready to shift their residence near to their office. Mostly, they(Bachelor) will stay in sharing basis and they wont think about the rent (10,000/5). Obviously Rs.2000 is not a huge rent for them. This makes house owners to think more. Nowadays, house owners were targeting inviting software engineers to their houses.
  • Once after marriage, software engineers will come to know about paying huge rents from their pockets. It becomes a huge headache for them after marriage. So, they are trying to marry a working women to survive. But, they dont find time to rethink about the reason behind. Its because of them, the rents got increased.

Reason for buying a house:

  • Increase in rents.
  • To avoid conflicts and pressure from the house owners to maintaining the
  • Sense of satisfaction - We used to think that, if we have our own house. Then, we will get a satisfaction like, I've got settled in my life.
  • Greediness, to get more income from the houses.
  • To avoid lot of conflicts from neighbours.
  • Very good investment for rich people.
  • NRI were trying to invest their dollars in India.

Reason for reducing land values in india :

  • Due to increase in interest rates. If we calculate the interest rates, How much am getting money and How much am repaying? You will surely get heart attack. Suppose am getting 20 Lakhs as loan amount from a bank. I need to pay around 50 to 60 Lakhs (Includes interest). Is it really worth? Instead, you can earnt / save / invest money and you can buy the same house with out any debts right . Why dont we think in that angle? Instead, unnecessarily we are paying more money to builders and banks.
  • Employees fired from top software companies. Due to cost cutting, downsizing company size, merging of companies. Employees who earned lakhs become jobless on the next day.
  • Due to increase in land rates, software engineers cant afford huge amount and they stopped buying houses.
  • A small awareness started among our people about this land value increase.
  • Everyone around us understand our mentality and playing based on this. We are ready to buy a house of worth 30 to 40 lakhs. Targeting this budget, builders started their plan of building houses 1200 SQ Ft to 2400 SQ Ft. Even, it may worth 25 lakhs, it will become 30 lakhs for software engineers. If we ask the reason, we will get a reply "Boss, You are earning too much money" Are we earning black money? or earning money with out any hard work"

My suggestions in buying a property in 2008:

  • Please dont buy property now, because due to financial break down and problems in software industry. The land value will surely reduce further. Stay for a while, rethink twice thrice before buying a property.
  • Next year, the rates will decrease further....... Lot of changes will happen soon.

Some URLs for your reference :

Chennai property bubble bursts, prices dip : http://www.ndtv.com/convergence/ndtv/story.aspx?id=NEWEN20080067248

Chennai properties will be reducing soon:

http://www.articlesbase.com/real-estate-articles/soaring-chennai-property-prices-boon-or-curse-493732.html

Buy a flat and get BMW free: (People should think about this offer. They will dream about the gift offered and forgot to think about the property price. The business people will increase the property rates like (Actual rate+BMW car rate) and they will sell their property easily.

http://indiarealestatemonitor.com/property-news/buy-flat-get-bmw-free/

Property market gone down due to US breakdown:

http://indiarealestatemonitor.com/property-news/indian-realty-wakes-up-to-the-us-meltdown/

Land value is now Rs. 15,000 per square feet against Rs. 40,000 for a similar property in 2007

Analysts predicts that, the land value will go further down to Rs.10,000 in next 6 months.

http://indiarealestatemonitor.com/property-news/affordable-housing-is-the-new-choice/

Realtors were slowly analysing the market and they are not ready to step ahead:

http://indiarealestatemonitor.com/property-news/realtors-advance-tax-payment-falls-down/

http://indiarealestatemonitor.com/property-news/realty-firms-consider-joint-development-for-construction-projects/

Feel free to post your comments and kindly share this URL to your friends and create an awareness among our people.

My article on increase in rates in India:

http://venkattechnicalblog.blogspot.com/2008/10/social-article-increase-in-price-in.html

Venkatesan Prabu .J

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My T-SQL Gallery @code.msdn.microsoft


Created my own T-SQL Gallery in Microsoft site. Do visit the same and share your feedback,

http://code.msdn.microsoft.com/VenkatSQLSample/Thread/List.aspx

Thanks and Regards,
Venkatesan Prabu .J

SQL Server Interview questions - Part 1

What is the significance of NULL value and why should we avoid permitting null values?
Null means no entry has been made. It implies that the value is either unknown or undefined.We should avoid permitting null values because Column with NULL values can't have PRIMARY KEY constraints. Certain calculations can be inaccurate if NULL columns are involved.

What is SQL whats its uses and its component ?
The Structured Query Language (SQL) is foundation for all relational database systems. Most of the large-scale databases use the SQL to define all user and administrator interactions. It enable us to retrieve the data from based on our exact requirement. We will be given a flexibility to store the data in our own format.


The DML component of SQL comprises four basic statements:
* SELECT to get rows from tables
* UPDATE to update the rows of tables
* DELETE to remove rows from tables
* INSERT to add new rows to tables

What is DTS in SQL Server ?
Data Transformation Services is used to transfer the data from one source to our required destination. Considering am having some data in sql server and I need to transfer the data to Excel destination. Its highly possible with dialogue based tool called Data Transformation services. More customization can be achieved using SSIS. A specialized tool used to do such migration works.


What is the difference between SQL and Pl/Sql ?

Straight forward. SQL is a single statement to finish up our work.Considering, I need some data from a particular table. “Select * from table” will fetch the necessary information. Where as I need to do some row by row processing. In that case, we need to go for Procedural Logic / SQL.

What is the significance of NULL value and why should we avoid permitting null values?
Null means no entry has been made. It implies that the value is either unknown or undefined.We should avoid permitting null values because Column with NULL values can't have PRIMARY KEY constraints. Certain calculations can be inaccurate if NULL columns are involved.

Difference between primary key and Unique key?
Both constraints will share a common property called uniqueness. The data in the column should be unique. The basic difference is,
· Primary key won’t allow null value. Whereas, unique key will accept null value but only one null value.
· On creating primary key, it will automatically format the data inturn creates clustered index on the table. Whereas, this characteristics is not associated with unique key.
· Only one primary key can be created for the table. Any number of Unique key can be created for the table.

Select Statement in SQL Server

Select Statement in SQL Server

String Functions in sql server

String Functions in sql server
Substring/Len/replace/Ltrim/Rtrim

SQL Server Interview Question - Part 2

What is normalization?

Normalization is the basic concept used in designing a database. Its nothing but, an advise given to the database to have minimal repetition of data, highly structured, highly secured, easy to retrieve. In high level definition, the Process of organizing data into tables is referred to as normalization.


What is a stored procedure:
Stored procedures are precompiled T-SQL statements combined to perform a single task of several tasks. Its basically like a Macro so when you invoke the Stored procedure, you actually run a set of statements. As, its precompiled statement, execution of Stored procedure is compatatively high when compared to an ordinary T-SQL statement.


What is the difference between UNION ALL Statement and UNION ?
The main difference between UNION ALL statement and UNION is UNION All statement is much faster than UNION,the reason behind this is that because UNION ALL statement does not look for duplicate rows, but on the other hand UNION statement does look for duplicate rows, whether or not they exist.

Example for Stored Procedure?
They are three kinds of stored procedures,1.System stored procedure – Start with sp_2. User defined stored procedure – SP created by the user.3. Extended stored procedure – SP used to invoke a process in the external systems.Example for system stored proceduresp_helpdb - Database and its propertiessp_who2 – Gives details about the current user connected to your system. sp_renamedb – Enable you to rename your database


What is a trigger?

Triggers are precompiled statements similar to Stored Procedure. It will automatically invoke for a particular operation. Triggers are basically used to implement business rules.


What is a view?
If we have several tables in a db and we want to view only specific columns from specific tables we can go for views. It would also suffice the needs of security some times allowing specfic users to see only specific columns based on the permission that we can configure on the view. Views also reduce the effort that is required for writing queries to access specific columns every time.


What is an Index?
When queries are run against a db, an index on that db basically helps in the way the data is sorted to process the query for faster and data retrievals are much faster when we have an index.


What are the types of indexes available with SQL Server?

There are basically two types of indexes that we use with the SQL ServerClustered -

1. It will format the entire table, inturn physically sort the table.

2. Only one clustered index can be created for a table.

3. Data will be located in the leaf level.

4. By default, primary key will create clustered index on the table.

Non-Clustered Index

1. It wont touch the structure of the table.

2. It forms an index table as reference to the exact data.

3. A reference to the data will be located in the leaf level.

4. For a table, we can create 249 non clustered index.

Happy Learning!!!
Regards,
Venkatesan Prabu .J

SQL Interview question

Extent Vs Page?

Pages are low level unit to store the exact data in sql server. Basically, the data will be stored in the mdf, ldf, ndf files. Inturn, pages are logical units available in sql server.The size of the page is 8KB.

Eight consecutive pages will form an extent 8 * 8KB = 64KB.

Thus I/O level operation will be happening at pages level.The pages will hold a template information at the start of each page (header of the page).

They are,

1. page number,

2. page type,

3. the amount of free space on the page,

4. the allocation unit ID of the object that owns the page.

Extents will be classifed into two types,

1. Uniform extents

2. Mixed extents

Uniform Extents:It occupied or used by a single object. Inturn, a single object will hold the entire 8 pages.Mixed

Extents:Mulitple objects will use the same extent. SQL Server will allow a max of eight objects to use a shared extent.

Property of SQL Server :Initally if an object is created, sql server will allocate the object to the mixed extent and once if the size reaches 8 pages and more... immediately, a new uniform extent will be provided for that particular object.

Herecomes, our fragmentation and reindexing concepts.



Best Joke - Enjoy it

Best Joke - Enjoy it