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ABSPL Monthly News Letter | Edition: October’14

ASTER

BUILDING

SOLUTIONS ESSENCE

Projects Update:

We have completed 9 projects in the

month of Aug & Sept 14, the major

ones are:

1. J-516 – Hindustan Coca- Cola

2. J-642 – NCL Wintech Ind Ltd

3. J-496 – L&T MRO

4. J-558 – Multivision

5. J-644 – Tulip Granites

Jobs under WIP 1. J-648B – L&T Pali – Pali, RJ 2. J-460 - Indigo Denim – Nagpur, MH

3. J-679 – Sijcon Consultants – Baroda, GJ 4. J-568 - Celloplasts – Valsad, GJ

5. . J-581 – Nuziveedu Seeds – Kothur, TG 6. J-582 – KEC International – Vellore, TN

7. J-583 – Cinda Eng. (Canteen) – Bharuch, GJ 8. J-584 – Gold Seal Saraghumi – Baroda, GJ

9. J-587 – SNF India Pvt Ltd – Vizag, AP 10. J-588 – L & T (TCS- Adibatla)– Hyderabad, TG

11. J-589 – IFFCO – Kandla, GJ 12. J-604 – JSW Energy Limited – Bellary, KA

13. J-650 – OLAM Agro – Vizag, AP 14. J-667 – Shankar Pkg. – Baroda, GJ

15. J-613 – Cristal Sea Food – Chirala, AP 16. J-648 – L&T Sikar – Sikar, RJ

17. J-661 – BVL Infra – Ongole, AP 18. J-644 – Tulip Granites – Ongole, AP

Business Update:

We have booked 1,778 MT jobs in the

month of Aug & Sept 14. The major jobs

are:

1. Usha Convention Centre

2. KBD Sugars & Distilleries

3. Siemens Ltd

4. Ramesh Trade & Infra

5. Swastik Flexipack

“Project managers function as bandleaders who pull together their players each a

specialist with individual score and internal rhythm. Under the leader’s direction,

they all respond to the same beat.” - L.R. Sayles

Announcements:

Mr. Pradeep Goud. Anpoor

(Jedcherla Factory) has completed

5 years’ of service in Aug’14. We

are proud to have a team member

like him.

Following colleagues have joined us in Aug & Sept ’14:

Pathan Sajid –Safety

Md.Naser Alim – Projects

S.Ganesh - Projects

Medical Camp Conducted by Yashoda Super Speciality Hospital on 06-08-14

Independence Celebrations conducted on 14-08-14

Birthday Buddies of Sept & Oct’14:

1. Bandapalle Manyam Naidu (Prod.) – 4th Sep 2. Gundappa K Rao Katte (Prod.) – 5

th Sep

3. Srikanth Sikha (Designs) – 16th Sep 4. Pradeep Kumar L (F&A) – 27

th Sep

5. Sunny R Bhai Solanki (Prod.) – 29th Sep 6. Alex C John (Detailing) – 30

th Sep

7. Ravi M (Prod.) – 6th Oct 8. Hiren Panchal (Stores) – 10

th Oct

9. S.Wilfred Joseph (Projects) – 19th Oct 10. Madhu Krishna G (QA) – 29

th Oct

L&T Sikhar CINDA Canteen Building

KEC Bhansali Packing

Know your Team:

PMG Team

Customer Relations Tips:

“Courteous treatment will make a customer a walking advertisement.”

“Customer service is not a department, it’s everyone’s job.”

K S L Srinivasa Rao

Senior Manager Joined in 2014. He carries over 17 years’ of experience in Project & Construction Management of Steel structures and buildings. His wife is homemaker. He has one son (K Sai Nihash) and one

daughter (K Pragnaa Mohitha).

Kishore Raju Kosuri

Manager Joined in 2009. He carries over 18 years’ of experience in Project & Construction Management of Steel structures and buildings. His wife is a homemaker. He has one daughter (K. Lakshmi Tanishi) and one son (K. Rithivk Sai Verma).

S. Ravikanth Reddy

Senior Engineer Joined in 2011. Mechanical engineer from Anna University with over 6 years of experience in project management and PPIC. His wife is working as Deputy Manager for M/s. Kotak Mahindra Bank. He likes to watch television and play cricket.

Srikanth Satkuri

Engineer Joined in 2012. He carries over 6 years’ project erection and coordination. He is Mechanical engineering from SBTET. His wife Mrs. Sravanthi is a government Doctor. Recently he is blessed with son. His hobbies are

travelling.

B E S Dileep Kumar

Senior Engineer Joined in 2011. He carries over 11 years’ of experience in project management, planning & coordination. He holds Diploma in civil engineering from AICTE. He likes to play indoor & outdoor games, dancing and watching movies.

K. Eswara Rao Sr. Manager - Special Projects Joined in 2001. He is a Mechanical engineering with over 18 years’ of Production & Projects experience. He works for special projects. His wife Mrs. K Dhana Lakshmi is a homemaker. He has one son (K Chaithanya).and one daughter (K Moksha Sharanya). He loves to spend

time with family.

K Sarath Babu

Engineer Joined in 2012. He holds PGDCPM from Nation Academy of Construction and graduate in mechanical engineer from JNTU. Carries over 4 years of experience in project management, planning & coordination. He loves to

play football, volleyball & cricket.

Viju Varghese

Associate Engineer Joined in 2005. He is holds a Diploma certificate and carries over 9 years of experience in project coordination. His wife Mrs. Aleyamma Mathew is a homemaker and has one daughter (Baby. Serena Viju). His hobbies are

reading books and listing to music.

Know your Team:

Projects Team

S. Wilfred Joseph

Senior Manager Joined in 2012. He carries over 14 years’ of experience in project management. . He has done Mechanical engineering from SBTET. His wife is homemaker. He has one son (W Alfred Joseph) and one daughter (K W Dolcy Miraclin).

Manoj Singh

Manager Joined in 2012. He carries over 10 years’ of experience in project management. He is a Mechanical engineer from BTE. His wife is a homemaker. He has one son (Divyank) and one daughter (Twinkle).

R. Krishna Chaitanya

Associate Manager Joined in 2010. He carries over 13 years’ of experience in project management. He holds Diploma in Mechanical engineering from SBTET. His wife is a homemaker. He has one son (Maithravarna Koundinya) and one daughter (Meenakshi Prahasita).

R. Veeraraj

Senior Engineer Joined in 2010. He is a Mechanical engineer and carries over 10 years’ of experience in project management. His wife is also a mechanical engineer. He has been instrumental in International project execution.

G S Babu Prasanna

Associate Manager Joined in 2014. He carries over 13 years’ of experience in project management. He is Mechanical engineer from Vinayaka Mission University His wife is a homemaker. He has one daughter (S B Dhakshatha) and one son (S B

Jaivanth).

Md.Tauqir Hassan

Senior Engineer Joined in 2012. He is a Mechanical engineer and carries over 4 years of experience in project management. His hobbies are internet surfing, listening to

music and playing cricket.

Manivannan.M

Senior Engineer Joined in 2009. He is a Mchanical engineering and carries over 7 years of experience in PPC & project management. His hobbies are reading books, playing cricket and listing music. He is an athletic sports man from Tamil Nadu.

Amit Goldi

Senior Engineer Joined in 2011. He is done Mechanical engineering course from Dr. B. R. Ambedkar University and carries over 5 years of experience in project execution. His hobbies are playing chess and listening to music.

Customer Relations Tips:

“A customer is the most important visitor on our premises…” Mahatma Gandhi

“Your most unhappy customers are your greatest source of learning...” Bill Gates

Home Remedies for Colds Are cold symptoms making you feel miserable? Here are 12 cold remedies you can

use right now -- at home -- to feel better.

Cold Remedy #1: Drink plenty of fluids to help break up your congestion. Drinking

water or juice will prevent dehydration and keep your throat moist. You should drink at

least 8 to 10 eight-ounce glasses of water daily. Include fluids such as water, sports

drinks, herbal teas, fruit drinks, or ginger ale. Your mother's chicken soup might help

too! (Limit cola, coffee, and other drinks with caffeine because it acts like a diuretic

and may dehydrate you.)

Cold Remedy #2: Inhale steam to ease your congestion and drippy nose. Hold your

head over a pot of boiling water and breathe through your nose. Be careful. If the

steam burns your nose, breathe in more slowly. You can buy a humidifier, but the

steam will be the same as the water on the stove. Moisture from a hot shower with the

door closed, saline nasal spray, or a room humidifier is just as helpful to ease

congestion.

Cold Remedy #3: Blow your nose often, but do it the proper way. It's important to

blow your nose regularly when you have a cold rather than sniffling mucus back into

your head. But when you blow hard, pressure can carry germ-carrying phlegm back

into your ear passages, causing earache. The best way to blow your nose is to press

a finger over one nostril while you blow gently to clear the other.

Cold Remedy #4: Stay warm and rested. Staying warm and resting when you first

come down with a cold or the flu helps your body direct its energy toward the immune

battle. This battle taxes the body. So give it a little help by lying down under a blanket

to stay warm if necessary.

Customer Relations Tips:

- Loyal customers, they don’t just come back, they don’t simply recommend

you, they insist that their friends do business with you. ~ Chip Bell

- Know what your customers want most and what your company does best.

Focus on where those two meet. ~ Kevin Stirtz

A new vacuum cleaner

salesman knocked at the

door?.

A lady opened it. Before

she could speak. The

salesman rushed into the

living room and emptied a

bag of cow shit on the

carpet.

Salesman: Madam, if I

couldn't clean this up in

the next 3 minutes with

my new powerful vacuum

cleaner, I will EAT all this

shit..!!

Lady: Do you need Chili

Sauce with that?

Salesman: Why Madam?

Lady: Because there's no

electricity in the house!

MORAL: Gather all

resources before working

on any project and

committing to the client &

over smartness can be

deadly.

All about `Undivided Share of Land’!

Buying a real estate or a new property requires a holistic approach. From choosing the right location to the right size of the

property and the right developer, there are a lot of factors that a buyer needs to

address to get the perfect property. Many

buyers often decide on

their purchase based on

built up area offered and the

additional amenities attached to

the flat. And the most important factor in any

real estate purchase namely the actual land ownership is

often overlooked. For every purchase in real estate projects, the

buyer has some value of land allocated in his or her name known as the

undivided land share. Let us take a look at this important aspect of undivided

land share, its significance and legal importance.

Understanding Undivided Share of Land (UDS): When you are buying an apartment, you are technically

buying two things. The first is the constructed part of the building where the owners will actually reside while the

second is a proportionate share of the land where the property is built. This share of land allotted to the flat buyer is known as

undivided land share or UDS. Many buyers are unaware of such an important aspect of land deal while purchasing property.

Significance of UDS: The building is essentially a dead asset in real estate, as the value of constructed area depreciates. The

older the construction, the lower is its market value of the property. On the other hand the prices of land keep escalating over

time and may offer substantial return on investment for the landowner. This appreciation in the overall value of any property

is due to the increase in the land rate and not the constructed area. Essentially it is the undivided land share in accordance

with the built up area of the apartment that determines the future monetary value of the property. In case the land owner

has no undivided land share, he or she may not be able to sell the property leave alone enjoy a good return on investment.

Legal Implications of UDS: The legal implication of undivided land share makes it an intrinsic part of any real estate deal.

Suppose the building where you reside is to be demolished for reconstruction ten years down the line or comes under

government acquisition project and made available for demolition, the compensation administered to the flat owner depends

on the percentage of the undivided land share in the property. The sum of all the undivided shares for each apartment owner

must proportionate to the area of the land in which the apartments are constructed. In case of co-operative housing societies,

the UDS must be legally be in the name of the society as the flat owners are the shareholders of the society.

UDS Calculation: UDS calculation is determined by a simple formula by multiplying the total land area with the size of the

individual apartment and dividing the result by sum of areas of all apartments combined in the project.

Illustration for UDS Calculation: For example let us suppose 5 equally sized apartments of 1000 sq ft are built on one ground

of land which measures 3500 sq ft. The UDS would be calculated as multiplying the total land area with the size of the

individual apartment (3500*1000) in this case and dividing the result by sum of areas of all apartments combined in the

project which is 1000*5= 5000.

Hence UDS = 1000*3500/5000 = 700 square feet.

UDS and Ownership of Parking Space: Some real estate builders and developers have been guilty in the past of selling open

or stilt car parking area to the individual house owners. As per the legal laws biding for each real estate deal and UDS, any

purchasers cannot claim partition of their UDS of land. An open car parking therefore can only be sold as part of common area

and cannot be legally included as part of the floor area of individuals.

Checking Validity of UDS while Purchase Property: While paying advance for any property, make sure the builder or the seller

shares with you the agreement copy. The agreement copy between the builder and the seller holds all important details of

the property in question including the details of the undivided share of land. There is usually a dedicated section in the builder

agreement catering to the UDS share which is mostly mentioned in either percentage terms for example 0.75% or in exact

square feet terms. Make sure your builder agreement clearly mentions the undivided share of land and this same figure is

mentioned in the title deed also when the registration gets over, to safeguard your purchase and to avoid any legal

complication in the future.