Explore the real estate business exposure in Mumbai

In an effort to offer promising investment and end use prospects in Mumbai, one of the biggest developers in the city has launched its major project in Mulund locality; in the suburban region of the city. Mulund is a township currently under development and has become a prime residential property hotspot these days. The L.B.S. road along with many established education institutions in the locality has made the region the new popular property hotspot of Mumbai.

Now one of the oldest builders from Mulund has launched a high end project that caters to the commercial as well as residential needs of end users. This project has been named Nirmal One Mumbaiand currently has launched its residential component for investment.

The Legacy of Nirmal One Mumbai

Nirmal One’s residential component has been named ‘One Spirit’ while its commercial component is called ‘One Discovery’. Lying near the L.B.S. Marg, the builders have currently offered residential accommodations for booking. These accommodations have been touted to be amongst the finest residential offerings in the locality. It is worth pointing out that the builders of the calibre of Tata Housing have also invested in Mulund. Therefore Nirmal Group has adequate competition. But given its historyin the region, there is no doubt that it would be one of the most reliable residential offerings in the locality. It is believed that this housing group has played a pivotal role in the development of Mulund as a residential property hub over a period of past thirty years. Now Nirmal Lifestyle- the subsidiary of Nirmal Group- has comeup with its most ambitious offering in the form of Nirmal One Mumbai.

Features of Nirmal OneMumbai

Nirmal Lifestyle Group promotes One Mumbai with housing and many other property portals. The project design comes with spacious floor plans along with elegant design structure. The project comprises of four buildings, all of which are being built using earthquake resistant structures. Nirmal One Mumbai would comprise of One Spirit (the residential component) and One Discovery (the commercial component) in the area occupied by the builders.

The objective of building both categories of spaces is to allow end users to have access to all kinds of amenities from their homes. The project site lies adjacent the L.B.S. Marg in an area where the builders already have planned newer commercial establishments.

The society amenities comprise of squash, tennis, basket ball and skating rink. The indoor game facility has also been made available. Swimming pool, Jacuzzi, gyms and massage zones will also be included in the societal amenities.

There is the option to select from 1BHK, 2BHK and 3BHK houses. While there are standard models of 1 and 2BHK homes, the 3BHK house comes in two variants. Prices start at Rs 79 lacs and notch more than Rs. 2 crores. The floor area of accommodations ranges from over 600 square feet to over 1600 square feet.

The prime advantage of investment in this project lies in its modern amenities, design and location. Anyone looking at a good ROI in property investment can consider Mulund as a probable option. The decades old builder is known remarkably well for being at the helm of the development of Mulund. With over 50 lac square feet of property development under its belt, the Nirmal Lifestyle group is a potent investment choice.

Forgo The Frazzled Frenzy – Call In The Bookkeeping Experts

If you are familiar with operating a business, you can probably understand the stress of gathering all of your company's data at the end of the year. When it is time to calculate the numbers and determine sales figures, it can be overwhelming without sufficient assistance. If you do not have a qualified staffer to handle your accounts and bookkeeping at year's end, things can get quite muddled and hectic, not to mention extremely time-consuming for you. Fortunately, there is an efficient solution for your end-of-the-year frenzy of tackling internal account holdings in your company.

Experts That Work For You

There are specialists in accounting and bookkeeping who can assist you with all of your final calculations and payroll processes. When you are in a bind and do not have a full-position accountant in your company, the year-end procedure can seem quite daunting. This is when the services provided by a professional accounting company can be beneficial, and a huge money and time-saver. For one, these experts are dedicated to your business and tying up loose ends. Secondly, they are highly qualified and experienced in such matters, and can complete the tasks in a timely and accurate manner, eliminating your worries.

Proficient and Efficient

These specialists are able to navigate every aspect of bookkeeping. They can take into consideration special holidays, such as Victoria Day, Christmas, and Boxing Day, so that your employees get paid the correct amount they have earned for the year. Moreover, these qualified professionals handle such tasks as preparing your company for the close of the year while ensuring everything is set and ready to go for the next year. These workers are committed to organizing your records so that you can devote your precious time and resources to other business matters.

Make Your Experience Even Easier

In order to get the most out of these professional accounting services, look for company with a loyal client base. Read authentic customer reviews and speak with a representative of the company before hiring them and using their services. Also, to make the entire process go as smoothly as possible, it is a great idea to obtain all important documents and statements relating to your enterprise's finances. Receipts, audits, and other paperwork will help the hired accountants get down to work and enhance the entire process.

Finding a knowledgeable and capable accounting specialist for your bookkeeping and end-of-the-year records is convenient with a well-established company. You can find more information online at www.quonassociate.com or another professional accounting service's website. When you have a reputable business, you want to maintain your commitment to excellence. Make the smart choice and call a professional accounting employee today. You will be glad you did!

Basic Understanding of Goodwill Impairment Analysis

Goodwill arises when a company acquires another company and the purchase price associated with that acquisition exceeds the value of the hard assets. So, each year after the transaction, companies need to go through an exercise to evaluate that goodwill. The FASB (Financial Accounting Standards Board) is the apex regulatory body that sets ASC (Accounting Standards Codification for non governmental entities. ASC 350 clearly specifies that goodwill and other intangible assets need to be tested for impairment from time-to-time.

Mergers and acquisitions are increasing these days and it is becoming increasingly important that companies do their goodwill assessments at the right time. The ASC 350 demands that companies have to do an annual assessment of their goodwill and they should mark down the carrying value of the goodwill if there is any impairment. There are basically two stages for the identification and the assessment of goodwill impairment.

These stages are generally conducted at reporting unit levels. In the first step, the assumption made is that goodwill is not impaired because the fair value of reporting unit is greater than the carrying value. In the second step, fair value is allocated to all liabilities and assets of the reporting unit. Impairment is then calculated as the difference between the carrying value and observed fair value.

Who does the goodwill impairment analysis? What expertise is needed to carry out this analysis? How much time does it take for this analysis? These are some answers that stakeholders are seeking in today’s business world. Goodwill impairment analysis is generally done by consulting companies because only such companies have the ability to capture key metrics accurately and in a clear manner. The business valuation teams generally comprise veteran patent lawyers who are completely equipped to assist clients in the goodwill impairment testing processes.

Sadly, there are quite a few companies who are totally unaware of goodwill impairment procedures and they tend to do things the wrong way. Here is an example that will simplify the concept of goodwill impairment. Say Coca Cola bought Pepsi for 60 billion with goodwill of 58 billion. This goodwill is put in the balance sheet of Coca Cola and it stays there. Now, two years down the line, Pepsi sinks in value from 60 billion to two billion, what will happen to the goodwill on the balance sheet of Coca Cola? Is it still valid? The answer is no. Goodwill is the asset that is dependent on the yield of the fair value of the previously acquired asset when it still exceeds its book value. So, if the excess at the time of acquisition was 58 billion, and the current excess is only 20 billion, that Coca Cola has to impair by 38 billion.

If you have not understood this concept even with the aforementioned example, you should not be worried at all. There are thousands of goodwill impairment analysts who can do the analysis for you and submit a complete report of what is currently happening. They will also provide you with the future course of action.

The Advantages of Savings Accounts

The 2014 Consumer Financial Literacy Survey conducted by the National Foundation for Credit Counseling revealed that 66 percent of adults keep non-retirement savings. However, the same survey revealed 16 percent of adults worry about their emergency cash stash and having enough money for retirement.

Merely keeping a savings account encourages a new level of financial security. Here are three financial advantages to maintaining a savings account.

1. Creates the Habit

The existence of a savings account alone can help create a saving habit. Banks will often make it easy with low opening balances and waive maintenance fees if you keep the balance at a certain level. With basic accounts, this required minimum balance to avoid fees can be as low as $100—an amount easy to maintain.

The habit is essential to maintaining this element of financial security. Even though people are starting to save more, 44 percent of households are considered liquid asset poor, meaning they hold less than three months' expenses worth of savings. Having some nebulous definition of an acceptable checking account balance or even just stuffing cash into a mattress does not promote the same financial awareness as seeing your savings balance alongside your checking balance every time to perform online banking.

2. Automatic Deposits

You do not have to rely on self discipline alone. Just as you can arrange direct deposit into your checking account, you can have part of your paycheck go into savings too. Making this automatic means the money hits your account before you have a chance to fail in the delayed gratification department.

If your employer cannot split your check that way, you can arrange for automatic transfers between your checking and savings account. If you have trouble saving money, automation may be an effective tool for you.

3. Access in Case of Emergency

It is often argued that savings accounts need to be difficult to access. Unfortunately, if you are stranded at a car repair shop out of town and need funds quick, this barrier to enforce self discipline may leave you stuck longer.

Since an emergency fund offers no benefits unless it is accessible, place that money in a general savings account that allows quick money transfers when challenging circumstances arise. You can still control your access by implementing two ground rules:

• Decide on a specific definition of an emergency. Limit the use of the funds to truly challenging events like a leaking roof or a broken down car. Wanting pizza for dinner one night is not an emergency.

•  See the minimum amount to avoid fees as an advantage. Knowing that you must keep $100 in savings or face a $3.00 a month fee means a reduced likelihood of spending down savings for frivolous reasons.

 Savings accounts are a great start to developing good financial habits. With the many options available, it is easy to find the best account to suit your needs.

5 ways to maximize your retirement fund

If you’ve recently made the decision to retire, it can often seem scary thinking that your incoming salary has suddenly stopped. But ending your career doesn’t have to mean that the money stops rolling in altogether, there are plenty of easy ways for you to maximise your pension pot.

Get a part-time job

Many people find the transition from full-time employment to retirement difficult to make. For years you have centred your entire life around your job so it can be strange suddenly not having a place to be at a certain time. Now, we aren't suggesting that you jump straight back into full-time work, but instead consider getting a part-time job. Working for a couple of days a week can make a significant difference to your finances and keeping busy can help to improve your well being.

Turn your hobby into a business

Do you have a passion that you could turn into a lucrative business? Your hobby could bring in some extra income. Whether you are a master craftsman, a skilled baker or a dab hand at gardening, consider whether you could sell this as a commodity. If you are brimming with ideas but lacking the funds needed to begin your project, you could always cash in your pension early, freeing up some extra funds to bankroll your business.

Get comping!

Nowadays, companies are constantly vying for our attention. This means that everyday there are thousands of fantastic prizes to be won through entering competitions. Nearly all of them are free to enter, all it takes is time and patience to fill the details in. You never know until you try, you could win a brand new TV, a car or even a holiday!

Sell things on eBay

By the time you reach retirement age you will have gathered a whole mountain of possessions. While some of these hold sentimental value, many of them are probably useless to you and are merely collecting dust in your attic. Turn those dust monsters into dollars by selling your unwanted items on sites such as eBay. One man’s trash is another man’s treasure, after all.

Tutor somebody

They say that knowledge is power, but it could also be the key to increasing your retirement fund. Sell your skills by tutoring local children or young adults. You don’t have to be an expert, simply brush up on your math and English skills, or perhaps you could teach somebody how to play a musical instrument.

5 real estate Investment Strategies

Real estate investment is putting you money in a real estate with for future benefits. Investing in real estate can be a very successful investment, like the upcoming residential projects in Ghaziabad. But, it can also be risky at times. There are some deals that are absolutely amazing, like the new projects in Ghaziabad. More than anything, there some things one must verify of look after before investing, like a precautionary measure. These things are very necessary, if they are not looked after, it might incur great loss. Investment can be great benefits if done well or a nightmare if they aren’t taken care of well. Just as you plan a strategy of a game before you play, similarly you should plan out a strategy of your investment. The upcoming residential projects in Ghaziabad can be of great importance with this point of view and clever strategy planning. Here are some of the real estate investment strategies.

● Buy and Hold: This strategy involves buying the property or shares and holding it forever. Here the invested asset is not immediately sold but is held on to for a long time. It is a long term investment strategy. It works on the concept that in the long run, a good rate of return will be fetched. It holds the property till what the investors think is the right time to buy or sell the property.

● Past Performances: One of the strategies of the investment is to note the past performances. By taking a note of ones precious investments, it becomes easier to decide whether one should invest money or not. The last performances are like a report card that shows the properties real value.

● Investment based on value: The investors look at the essential value of the estate and if they feel it is undervalued they invest in it. An undervalued property can be bought with a lower rate and can earn higher profits. This is like a win- win situation where the investor puts lesser inputs and harvests greater outputs.

● Investment based on growth: Many a times, the investors invest in a property that has a potential to grow. As the property is expected to show growth, it attracts many investors. A growing property fetches good returns. When the property flourishes, its utility flourishes too.

● Market conditions: It is a strategy where the decisions of buying and selling of the estate is done by considering the market timing. A prediction is made to assume the market movements and the decisions are taken accordingly. This can be a more profitable deal for the investors. In this strategy, the market as a whole is considered and not just individual property.

If an investor invests in the new projects in Ghaziabad, he will draw a strategy that suits his requirements. Different investors have different strategy that depends on their purpose of investments and their skill. Some like to take risk if it earns them better returns, while some like to play it safe. There are some who like to take little risk and expect more returns, such people should invest in the upcoming residential project in Ghaziabad. Ghaziabad being a well known city, the upcoming residential projects in Ghaziabad is sure to be a great investment. The investment strategies depend greatly on the growth of the property where the investors focus on the capital appreciation or the safety strategy where the investors focus is on the wealth production. A very successful real estate investment is the new projects in Ghaziabad. Real estate investments can be risky if the strategies aren’t planned well. A good strategy is the key to a good real estate investment.