APP IDEAS

 APP IDEAS

1) Go grocery Go

2) Travel App.

3) Mental memory app.

 Payments can be made directly to the provider to avoid any refund issues.

Go Grocery Go- This app idea basically organizes things you want to buy. Often happens you prepare a paper list and it is lost and you try to memorize what you want and forget when you reach the mall.

This app on the mobile, helps you keep track of things you want and preferably the prices. It can also provide any offers that is currently going on.

How it works

You open the app and it gives you the option of the mall you want to go a) City center b) Carre Four c) lulu etc.

First click on one of the above where you want to do the purchase

During the week you find you have run out of mustard, open the app and say you want to do city center shopping for the week end. search mustard and select the one you want. It adds to your basket and picks up the price from the site.

Over the period of the week, as and when you want something check it out and  add to the basket. If something not available and does not throw in search, click NA and it throws into unavailable basket. You can even do a search on the other sites to know its availability and price.

Thus before you go to the city center in the weekend, you know what you have to buy and what is the appx cost of the items and total spend will be known.

Shopping can thus be done quickly.

Refinements- You can for the items picked have a pop up coming if there are some offers on it. Eg. you put 1 can of Sunflower oil in the basket. During the week, it will pop up any offer on sunflower oil and so on.

Thus shopping can be a breeze, if you physically go shopping. Else you can click the basket and order online from there and get it delivered to your home.

One of the biggest advantage of blinkit shopping etc is that even if the kirana shops timing is from 10 AM to 10 PM, you are still left out of market from 10 PM at night to next day 10 AM. In blinkit etc you can order any time and get it delivered in 10 mins. But be careful about the shelf life of items. They are prone to push expired items due to rush.

If Lulu or city center sponsors then one can even put location maps inside the mall into this app and quickly reach the place to pick up rather than loitering and searching.

Travel App. A number of app exists, but what this app does is gives you various options and modes of transport for X to Y destination.

Eg. Select date of travel, no of persons and X to Y travel.

The app throws option as follows:

Train - dt of travel - 2nd class 150 Rs - Full (time 6 AM)

                               - AC 2 tier 300 Rs- WL No 

                                - AC 3 tier 200 Rs- WL no.

Flight - dt of travel - Indigo - 500 Rs (timing options -9,12 etc.

                                  Air india- 300 Rs

Bus - Dt of travel - 50 Rs (time

Car - Dt of travel - 3000 Rs (any time)

There a number of AI companies doing the hard lifting work of coding and preparing the APP. Only issue is subscription and not one time payment. Some of them are

Emergent

Base44

Mental Memory App

This app is a 3*3 grid app, which displays random 9 numbers on the grid and give appx 45 seconds to memorize and then recall them.

Single digit initially, Completing it (5 times) takes you to level 2 which gives you 2 digits and then 3 digits.

Once you memorize 3 digits, it takes you to a 2D and 3 D cubes depending on levels. Each side is 45 sec and you have to memorize all numbers.

Fun game for adults and young.

1st and 3rd app made in claude in about 1/2 hour

Real Estate

REAL ESTATE INVESTING

 

Investing in Real Estate in India is becoming painful despite the RERA act. 

Buying or selling property is fraught with documentation requirement, encumbrances, registration and still someone can file a court case and it can go on for years.

Further, particularly 2nd hand transactions, involve black money.

Add to it if property is prime, the political angle and goondaism.

In the west, the property dealer being a legal person takes care of all the documentation and there is no scope of being cheated or issues cropping up in courts that take a long long time.

Further, RE investment and sale is now  becoming tedious with the diminishing of joint family and couples  having one or two kids and staying separately away from the joint family. This means that a large house is empty and difficult to dispose off if the parents are 75-80 years old and the children do not stay in that place or stay abroad.

My advice/recommendation (not binding or marketing it-just a thought) for investment in RE is as follows:

1) If you can rent it, all the better as there are more properties available on rent than demand as in last few years people invested heavily in gated and high rise apartments in the hope of selling at huge profit which didn't/hasn't materialized.

2) Advantage of renting is if you are going to invest, say, 2 crs, the FD int @ say conservative of 6% will fetch you 12 Lakhs per year or 1 lakh per month. For that you can get a decent 2,3,4 bedroom flat for 50,000 Rs per month. This saves you 50,000 per month which you can invest and earn better.

3) Flat owners living in a different place than their ownership, prefer a decent couple who pay rent and if required, by giving 6 months reasonable period, may vacate. They are ready to lower the rent for them to avoid litigation or abusive tenants staying.

4) Rental yield is just 2-3% and while you can get better rents by giving out to group of  bachelors (girls or boys), or as AIRBNB, but many gated communities object to it. 

5) With a small family, running around during old age to sell a house or flat is tedious, particularly if kids are abroad. (Western countries just give 2 weeks off in a year and it takes at least 5-6 months staying in that property to sell a property in India, else agents take you for a ride.

6) Lot of unscrupulous builders who take the money and not complete. Eg Unitech and a whole of companies in Delhi- Noida belt. People have taken EMIs and paid the builders hoping to repay the loan by self occupation. But work is not completed and EMIs are on making a big cash flow impact.

7) Preferable to buy with a very well reputed builder or ready to move in property will at least ensure you have the property

8) Maintenance of the property is another big headache. If house, there are recurring costs, if gated community, costs keep increasing and the maintenance cost goes up. If kept locked, maintenance is still to be paid.

9) It does not mean you should not invest in RE. If you are planning to settle in one city, you can buy a flat and live in comfort and one typical Indian concern is of landlord asking you to vacate and you are not able to find another flat to live in. Living in own flat has the advantage of modifying, redoing to meet your needs. But disadvantage is slow accumulation of things that may not be needed later.

RE DESPITE RERA (OUR COURTS TAKE AN INORDINATE LONG TIME- MAYBE 20-30 YEARS TO DECIDE CASES) IS FRAUGHT WITH UNDERHAND DEALINGS (ALWAYS THROUGH AGENTS TO EASE PAYMENT UNDER TABLE) AND INNUMERABLE DOCUMENTS - SALE DEED, ENCUMBERANCE DEED, ELECTRICITY APPROVAL, RERA APPROVAL, MUNCIPALITY APPROVAL ETC, ETC WHICH A NORMAL PERSON CANNOT VERIFY.

THUS POINT 7 IS ONE OF THE BEST OPTION.

WILL -ESSENTIAL NEEDS

 

Note: There is something called a living will. It means that you want your near ones to pull the plug once it is determined you do not want your life to be sustained by tubes or being in a comma etc. This makes it easier for near and dear ones than paying a huge amount to keep you in ICU or in a vegetative state for years by the hospital.

ANOTHER SUGGESTION I HAVE IS FOR EMBASSIES OF INDIA (FOREIGN OFFICE) THAT THEY SHOULD AS PART OF LABOR CONTRACT (USEFUL PARTICULARLY FOR ILLITERATE LABORERS WORKING IN MIDDLE EAST OR ELSEWHERE) SHOULD ALSO PREPARE A WILL AND TRANSLATED AND ATTESTED BY MINISTRY OF JUSTICE IN THEIR COUNTRY OF WORK. THIS WOULD HELP IN SETTLEMENT OF THE LABORER GOING TO HIS FAMILY AND NOT BE LEFT IN THE COUNTRY OF WORK AS DOCUMENTATION IS NOT COMPLETE. THESE POOR FAMILIES DO NOT HAVE MEANS TO CHASE THE FINAL SETTLEMENTS. 

TOP UP and SUPER TOP UP - DIFFERENCE

 

Please note that you should have a basic plan before going in for Top up (excess paid) or Super top up (cumulative).

Most importantly you should have an agent who will help in CLAIMS and not just sell the policies.

It is noted that many insurance companies sell the policy promising everything and when it comes to claim go through fine tooth comb to avoid paying any claims. 

A small scratch during your school days could become a preexisting for a heart attack.

MY ADVICE TO POLICY MAKERS IS AT TIME OF INSURANCE LIST OUT PRE EXISTING AS PER CLIENT AND AS PER THE FINDINGS OF MEDICAL TESTS. REST ANYTHING SHOULD BE CLEARED AND NOT GO THROUGH NON EXISTING LINKS TO DISEASE AND REFUSE CLAIMS.

Fixed Interest Rate Options

Please note the interest rates keep changing depending on govt. policy. Above is a guideline. Check the correct interest rates prevailing at the time of your investment. Each banks have their own rules for minimum and maximum amounts. Check all that before investing.
 

Type of Cash flow

 

Sector PE