Home Loan Balance transfer Process From Axis Bank To SBI has started

I have finally started my home loan balance transfer process from Axis Bank to State Bank of India. What attracted me towards SBI is the offer they currently have in market. The rate of interest if fixed for first three years and the rate is minimal. On top of that they have option of a MaxGain account which really makes your money earn more than what it normally earns in a fixed deposit or savings account. Though there are many banks like standard chartered, Citibank , hsbc etc. that offer such feature, only difference is that on their overdraft amount they charge more percentage. Additionally rate rise is always high in private sector banks than public.

I personally feel that Axis bank is best choice amongst all private sector banks. I do maintain another home loan from HDFC but Axis bank is way too superior. The customer service of Axis Bank is simply to amazing and it is fun having them as their home loan provider. if they are eager too increase rate they are very quick to decrease it too. But where they fail is offering something innovative like the maxgain in SBI and moderating interest rates. If I would have this product with them, the chances of me switching the account would have been minimum.

Most banks like HDFC, ICICI etc. fail to realize that if they help their customer close their loan soon it will help them only to get new business. Their home loan rate policies and rate increases are so erratic and disturbing that it feels you have become their slave for life. On other end SBI, IDBI etc. banks, mostly public sector, normally don’t act and sound so greedy.

You need to start somewhere in life to make more money and real estate is your best bet. On top of it truth is that it is not possible without taking a home loan. So you need to be diligent about what you buy and from whom you finance it.

In next few posts I will share my experience on home loan and how whole process goes. Till then keep watching this space.                                                              

Gaur Green Vista – Possession Has Started

As expected, gaursons has started giving possession of their prestigious project Gaur Green Vista. The project has turned within timelines.

While the club has been shifted to Block B (Maharaja Floors) the gym is expected in Block C (under construction- new wing). The greenery and the swimming pool would no longer be in front because that property belonged to V3S builder. In a way you won’t find things as described when this project was initially sold. The place where tower C is coming was earlier expected to be low rise commercial complex. But now Gaur is building 13 floors. So in a way builder cheated the people related to certain critical aspect. You can never expect how greedy a builder can become, gaur was no exception.

I visited Maharaja towers and both the entrance and tower B looked good. Though entrance was bit conjusted but it certainly felt nice.

Now related to possession- The calculation was posted in guar green vista forum and I am pasting the same. Join this group and you would have query solved.

http://in.groups.yahoo.com/group/GaurGreenVista/

Copied from Group-
Apart from that - project is as expected. Saw sample flat and the finishing was good. tiles, woodwork, shower panel, water purifier etc. would be part of standard delivery. Infact everything shown in sample flat would be part of standard delivery (as told by Gaurson executive)

Now for registration.- the calculation looks like this. (approx)

the stamp duty would be on circle rate or flat cost whichever is higher. in mine case circle rate was high.

so for 1254 sqft- 1254x2625=3291750
on this they added 150000
total= 3441750

7% is registry charges= 240000 (approx)
rebate is 10,000 only for sole women owner. else it is not there even in dual ownership.

the court charges are another 17,000 that would cover lawyer fees. Rs. 10100 receipt would be given……rest don’t know.

So it would be about Rs. 262,000 for maharaja floors. Samrat would be bit high.

As per lawyer (ref given by gaurs) it take 5 days if stamp paid in cash and 12 days if through demand draft.

                                                             

I Voted For Vindoo Dara Singh

Never imagined Pravesh would chant the slogan of Aam AAdmi and then put all the food in the pool. Did he know that how many poeple in India did not even get one meal in a day? Clearly, the drama and the hostile atmosphere he has created is to gain mileage and votes. Last time he foughts was to get votes and as a result Raju was eliminated (the trick worked for him). But not this time.

Vindoo is cool and is true reflection of what a Bindaas person looks like. Seeing him I can clearly see he is the best friend material.

I am voting for vindoo. In last 2-3 days I have done many votes and will do so till the end.

Good Luck Vindoo. I like your attitude and everyone in my family wish you to win (excepy my mom who favors PoonamJi)

By the way, I am Aam Aadmi.

Good Luck Vindoo.


                                                             

The Basic Principals of Get Rich Attitude

Get Rich Attitude aims to develop an attitude which will help you become rich from any or every action that you take related to money. The right attitude comes from understanding the nitty gritties involved in making money to the way you finally spend it. Money made at every small point makes you rich and wiser. There are four principals which you should not only remember but also try hard to practice. These four principals are the channels that help you make money and get Rich

1) Income- This is very important channel which makes you rich. More income leads to more prosperity. Investing in yourself and your career is very important. If you have a good job with good salary or a good business with impressive turnaround than the channel of income is already ON. All you need to do is to keep widening the flow and make more money.

2) Taxes- Yes this is imposed by government but at same time government gives you a chance to save taxes though various mechanisms. An understanding of how this works and way you can save takes in every front has potential to make money for you. The money paid for taxes if saved makes you rich.For example- home loan from axis bank, hdfc, icici bank, state bank of india etc or any scheduled bank gives you opportunity to save tax and make money

3) Spending- You pay Rs. 100 or you negotiate and pay Rs. 80 for vegetables. The approach used by you makes you rich. Controlling the way you spend or amount you spend has a potential to make you rich. Splurging if cannot be controlled should be made judiciously. You not only earn money by earning it but also by spending it. There is no harm in negotiating if that helps you save money. The way you spend money on clothes, food etc. has a lot of potential to make you rich.

4) Interest or Return on Investment- It can be interest or returns from your investment or money parked in the bank. Interest is basically what your money earns for you. If put in proper use you money has ability to work for you. Again an important decision here is where to put your money to give you maximum returns. Many avenues are available like stocks, bonds, FFD’s etc which help you earn interest or returns on your money.

The above four principals are basically the channels of money which helps you get rich. Most of people know about Income and interest only and completely ignore taxes and spending. It is important for everyone to make best use of all four channels in order to get rich.

TAKEN FROM WWW.GETRICHATTITUDE.COM . GET FREE TRADING CALLS AND LOTS OF OTHER INFORMATION.


                                                             

News or Factors That Affect Stock Prices

Many People has always wondered how news or different factors has an effect on stock prices. Essentially, It has two parts

First- The type of News of Factor
Second- Its nature, i.e. positive or negative

One has to be smart enough to decode the news and take the position quickly in the stock. People who are adroit in this do make good short term gains even if we leave the insiders or fund houses that generally have good information much before the release of news (I presume so).

I was reading an article from some research paper that did a study on relationship of fund house investment and their holding in a particular stock. What they found out was most of the fund houses exit the stock much early than the release of numbers by the company.

Considering above I think there is little opportunity but then chances are that news is there in market and fund houses are smart enough to read the signs. What individual investors look for is immediate gains but if they play right on news than chances are sooner of later one might see the results.

As I write, I don’t see many clues about anything except that at times it does work. So if it does than why not try it through paper trade to start with.

Below are different types of news that affect stock price. Keep your eyes and ears open and try to come out with a pattern. Who knows it might work for you. Good Luck.


1. Crude Prices
2. Macroeconomic Data (IIP, Inflation, GDP, Industrial Growth, Consumer confidence,
Employment, Unemployment etc)
3. Government/Politics
4. Draught/Monsoon
5. Federal Policies (Interest Rates, Monetary Policies)
6. Company Results
7. Global Cues
8. FII activities
9. Stock Manipulations
10. Insider Trading
11. Mergers
12. Acquisitions
13. Money Markets
14. New Orders
15. Buy Back
16. Bonus
17. Split
18. Tax Benefits
19. Change in stock Group
20. Inclusion in an Index
21. Loss of customer
22. Short and Long Positions
23. Spinoff of arms
24. Lawsuits (win or loss)
25. Change in Demand
26. Change in Supply
27. Budget
28. Raw Materials
29. War
30. Terrorist Attacks
31. Management Changes
32. Dividend
33. Rights Issue
34. Joint Ventures
35. Business Expansion
36. New Invention
37. Rumors

If you know more than Leave a comment. I am very much interested to build this list further.

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