Rental Prices in Delhi

The reality prices have been rising in leaps and bounds in all over India and the race of price rise is led by the cities of Mumbai, Delhi, Bangalore and Ahmedabad. The way prices have risen it can be a nightmare for normal people to do house hunting in these cities. Right now I am going to discuss the rental prices in Delhi. If you want to discussion region wise then according to latest trends you will have to pay very high rental price in Kalaka ji, Defence Colony and Lajpat Nagar. If you are looking for accommodation which consists of two bedrooms, with dining/ living room and attached bathroom/ washroom/ toilets- overall space of 700 sq. ft. to 1100 sq. ft. then according to the present trend you must be ready to negotiate your rent in the following price ranges:

Kalka Ji Rs. 15000 to Rs. 25000

Mayur Vihar Rs. 8000 to Rs. 20000

Dwarka Rs. 10000 to Rs. 22000

Lajpat Nagar Rs. 11000 to Rs. 22000

Mukherjee Nagar Rs. 12000 to Rs. 30000

Ashram Rs. 15000 to Rs. 26000

Shahadra Rs. 9000 to Rs. 20000

Laxmi Nagar Rs. 9000 to Rs. 25000

Frankly speaking the rental increases if you are close to the market area and it decreases when you are away from the market area. So if you are looking for home where you can live peacefully and which doesn’t pinch your pocket then make sure that you are searching your home in the areas which are separate from the commercial area.

Expected price of Coal India IPO

Coal India IPO has invited unprecedented interest from investors of all size and types. Despite of being a large size IPO it got subscription of over 2 times in retail section and overall subscription of 15 times. The fact is that Foreign Institutional Investors and Indian Financial Institutes have shown very high interest. Now the question is what should be the ideal price of this IPO on listing day of 4^th November 2010. In my opinion don’t expect astronomical rise in the price as it is a fairly large IPO which will require great volume of trade before any significant rise in the price. Any gain which is above 12 percent would be enough on the first day. Don’t forget that another PSU IPO, NHPC went on to touch around Rs. 41 on the day of listing but after that it has been trading at prices much lower than its IPO price and it has been more than 1 year. The company is doing well in its sector and considered leader in Hydroelectric power companies.

Coal India IPO can also have similar fate so it would be prudent from the part of retail investors to book profit on listing day don’t forget that even 12 percent profit would mean profit of around Rs. 7200 for retail investors who applied for the highest amount of shares in IPO (Rs. 98000). Book building. The exact amount of allotment for the highest retail bidders should be Rs. 49000.

Silent Revolution in Bihar

Bihar has been undergoing silent revolution, the change in behavior and attitude of people is apparent in the urban areas. Nowadays, it is rare to find youths sitting at road side corners as most of them are either employed or engaged in some fruitful occupation. The crowd sitting outside the house of MLAs and MPs has subsided significantly as Biharis have realized very well that most of these politicians care little about them and they will engage in cat fight to take credit for the improvement in their living standards.
This silent revolution has happened because of the migrant workers of Bihar who work in different parts of India and world. People who are living the state have observed perceptible change in the living standards of people who have family members living outside the state. This change is not just confined to economic improvement, the improvement in behavior and willingness to follow social rules is also obvious. Earlier, there were significant number of people in this state who used to equate acts of breaking public law as show of strength but now there is little tolerance for such acts. The fall in the stature of criminal politicians is the testimony to this change of attitude. Most of these petty criminal politicians are spending time in prison or have started occupations which has nothing to do with crime.
This revolution will be complete when people will get rid of shady politicians who are exceptionally well versed in making false statements. On one hand they talk about progress and development with crime free environment. If Bihar wants to become a world class place it will have to find its world class leaders, the current crop of leaders are nothing but bunch of crooks who are operating with sole goal of filling up their pockets with the money which is meant for poor and downtrodden. Ironically, these politicians want to make sure that people remain poor otherwise their divisive politics will go out of business after all you need poor and destitute if you want to win elections in the name of backward class politics.