Chennaipattinam was a popular trading center for spices and clothes for more than 2000 years. Portuguese and Dutch arrived in the 16 th century followed by the British and French. In 1639 the British East India Company established a settlement in the fishing village of Madraspattnam that they leased from the local Nayaks.
In Madraspattnam they started construction of Fort St. George. George Town grew in the area of fort and neighboring villages ultimately becoming the oldest Municipality of India in 1668. During the 17 th and 18 th centuries Europeans competed for supremacy in India and Briton became the ultimate gainer. Under the command of Robert Clive, British launched a campaign against French, a series of war known as the Carnatic Wars. Finally the French were forced to withdraw to Pondicherry.
The city grew into modern day Madras City merging all neighboring areas. In the 19th century the city became the seat of Madras Presidency, the southern division of British Imperial India. After independence in 1947 it became the capital of Madras State that was renamed Tamil Nadu. Very recently Madras was renamed Chennai.
A city of Contrasts and diversities, Chennai is the forth-largest city in India. Known world wide as Madras until recently, the city was renamed Chennai, evolved from the age-old name, Chennapattinam.
Chennai is a coastal city with the second largest beach in the world. The climate is hot and humid. But the breeze blowing from the sea makes the climate bearable. In the summer the temperature reaches up to 42 degree C (month of May). The winter (Dec.- Feb.) is slightly less hot than the summer. Mansoon falls in Sept. - Nov. Chennai is the Capital of Tamil Nadu.
Tuesday, November 6, 2007
What is Systematic Investment Plan
A specific amount should be invested for a continuous period at regular intervals under this plan.
SIP is similar to a regular saving scheme like a recurring deposit. It is a method of investing a fixed sum regularly in a mutual fund.
SIP allows the investor to buy units on a given date every month. The investor decides the amount and also the mutual fund scheme.
While the investor's investment remains the same, more number of units can be bought in a declining market and less number of units in a rising market.
The investor automatically participates in the market swings once the option for SIP is made.
SIP ensures averaging of rupee cost as consistent investment ensures that average cost per unit fits in the lower range of average market price. An investor can either give post dated cheques or ECS instruction and the investment will be made regularly in the mutual fund desired for the required amount. SIP generally starts at minimum amounts of Rs.1000/- per month and upper limit for using an ECS is Rs.25000/- per instruction. For instance, if one wishes to invest Rs.1, 00,000/- per month, then they need to do it on four different dates.
SIP is similar to a regular saving scheme like a recurring deposit. It is a method of investing a fixed sum regularly in a mutual fund.
SIP allows the investor to buy units on a given date every month. The investor decides the amount and also the mutual fund scheme.
While the investor's investment remains the same, more number of units can be bought in a declining market and less number of units in a rising market.
The investor automatically participates in the market swings once the option for SIP is made.
SIP ensures averaging of rupee cost as consistent investment ensures that average cost per unit fits in the lower range of average market price. An investor can either give post dated cheques or ECS instruction and the investment will be made regularly in the mutual fund desired for the required amount. SIP generally starts at minimum amounts of Rs.1000/- per month and upper limit for using an ECS is Rs.25000/- per instruction. For instance, if one wishes to invest Rs.1, 00,000/- per month, then they need to do it on four different dates.
My Chennai – for college students
Targetted at Gen next…the age when they are out of school and wanting to reach out to the world. Vibrant, youthful, energy, confidence, independence and aura is what the logo depicts just like our youth of today. Aimed at all the city colleges and an initiative to spread the message of “I’m proud to be a Chennai ite” within all campus in Chennai.
Unlike ILC, this phase is where they start getting into some kind of action apart from spreading the message “This is My Chennai. Whatever its pluses and minuses are, I will protect and take care of it."
This is the main primary logo of this initiative. C for Chennai - “It’s our city”. This is a visual identity and graphic element that can be used to express our love for the home city. The logo and the fonts used in them have purposely been kept simple so that it immediately attracts one’s attention. Not merely attracting but also recollecting a logo that’s simple is easier. “It’s our City’ is to represent the camaraderie ship that should exist amongst our Chennai ites.
Unlike ILC, this phase is where they start getting into some kind of action apart from spreading the message “This is My Chennai. Whatever its pluses and minuses are, I will protect and take care of it."
This is the main primary logo of this initiative. C for Chennai - “It’s our city”. This is a visual identity and graphic element that can be used to express our love for the home city. The logo and the fonts used in them have purposely been kept simple so that it immediately attracts one’s attention. Not merely attracting but also recollecting a logo that’s simple is easier. “It’s our City’ is to represent the camaraderie ship that should exist amongst our Chennai ites.
No dearth in demand for property
Post tsunami in 2004, land prices of areas close to the sea front slumped. This was a temporary dip; the real estate prices on Chennai's coastal areas soon picked up. The demand for and supply of commercial as well as residential property in Chennai and its specific neighboring areas continue to experience a rapid escalation. Apart from office space and housing, there is a demand for shopping malls and hotels, preferably within a radius of 50 to 80 kms around Chennai. Old Mahabalipuram Road (OMR), Taramani has remained the center of real estate commercial activity soon after the Government declared the stretch as the IT corridor of Chennai. Sriperumbudur Taluk, 40 kms from Chennai is now home to top multinationals like Nokia, Ford, Hyundai, BMW and Flexitr. Even lands far from mainstream areas, like sleepy suburbs fetch good prices for sellers.
Lands on Vandalum-Kelambakkam road- the initial quote of Rs.8 to 9 lakhs per ground rose to Rs. 15 lakhs per ground in 4 weeks time.
Lands with little proximity to Padappai-Kancheepuram road- the initial quote was Rs. 4 lakhs and Rs. 15 lakhs
Lands on Vandalum-Kelambakkam road- the initial quote of Rs.8 to 9 lakhs per ground rose to Rs. 15 lakhs per ground in 4 weeks time.
Lands with little proximity to Padappai-Kancheepuram road- the initial quote was Rs. 4 lakhs and Rs. 15 lakhs
Chennai Real Estate News
Chennai Property prices have been on a high throughout the last few years and they are expected to see an upward trend this year too. Chennai property prices saw an increase of about 8 - 15 % in the last few years. Recently, it went through the roof. With the Banks advancing easy Home Loans and the conducive atmosphere prevailing for rapid growth in the industrial sector contributed in no small way to the growth of the real estate sector of Chennai.
Investment on the real estate has been on the rise especially with the volatile Sensex situation at the moment. With the talk of satellite townships coming in the outskirts of the city, the avenue for investment in real estate has never been this good.
Project Estancia is a new Integrated Township Project from Larson and Toubro (L&T) Urban Infrastructure Ltd in association with Arun Excello of chennai. This project is an ambitious one considering the scale - 78 acres and an estimated cost outlay of around Rs.1800/ crore. Estancia - literally refers to a Latin American Ranch in Spanish language, will eventually house 2000 apartments, an IT Park, hotel, shopping mall and even a school. Vidya Mandir of Chennai has offered to open its school here. Being a CBS education system, this school will match the kind of people eventually taking residence here. L&T, noted for its civil engineering expertise will provide the construction and project implementation for this Estancia venture.
Investment on the real estate has been on the rise especially with the volatile Sensex situation at the moment. With the talk of satellite townships coming in the outskirts of the city, the avenue for investment in real estate has never been this good.
Project Estancia is a new Integrated Township Project from Larson and Toubro (L&T) Urban Infrastructure Ltd in association with Arun Excello of chennai. This project is an ambitious one considering the scale - 78 acres and an estimated cost outlay of around Rs.1800/ crore. Estancia - literally refers to a Latin American Ranch in Spanish language, will eventually house 2000 apartments, an IT Park, hotel, shopping mall and even a school. Vidya Mandir of Chennai has offered to open its school here. Being a CBS education system, this school will match the kind of people eventually taking residence here. L&T, noted for its civil engineering expertise will provide the construction and project implementation for this Estancia venture.
Chennai City
The city of Chennai or Madras is the bastion of Dravidian Culture. Our Guide to Chennai which was Madras takes you through its rich history and tradition, market places, shopping malls, theaters, ancient temples and churches - not to mention the bustling changing landscape with IT,ITES,BPO and Automobile industries ...
The name Madras brings to mind visions of piping hot filter coffee, carnatic music, bharat natyam and more! Today the city has become a melting pot of other cultures and languages too, with a sizeable number of people from Andhra Pradesh, Kerala and Karnataka making Chennai their home.
The name Madras brings to mind visions of piping hot filter coffee, carnatic music, bharat natyam and more! Today the city has become a melting pot of other cultures and languages too, with a sizeable number of people from Andhra Pradesh, Kerala and Karnataka making Chennai their home.
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