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It isn't long before when the Delhi Development Authority (DDA) and the concerned government ministry and the babus had assured the applicants of the recent so-much hyped 'DDA housing scheme 2008' of a fair draw of results using the state of the art technology and truthful practices, but the outcome of these draw of results has again been shrouded in dark vulturous camouflage of corrupt links between realty mafia, unscrupulous bank officials & financiers, immoral babus and the devious likes who are no less than dirty scum to the society. 

The media is now rife with the news that the entire process of draw of results might have been rigged to larger extents than what had initially been investigated by individuals/media/police.  The tip of the iceberg of this scam indicates a larger picture in lines of what happened with the much tainted Noida / Greater Noida development authority's scrapped housing and land allotment scheme in 2006-07.  Umpteen examples can be cited of similar kind of realty scams that still haunt an ordinary person's dream of owning one's own house through government/ semi-government authorities.

The process shall be painstaking hereon for both set of common people ...  with the ones who genuinely got lucky in the process of draw this very time feeling the agony much-much more than the rest who simply weren't that lucky as they will have their fingers crossed of the final outcome.  The concerned government minister has already indicated scrapping the entire process in case manipulation of larger extents is noticed during the on-going investigations.  

All one can ask the minister and other concerned officials now is - - Why foolproof and preventive measures were not ensured in the very first place at any stage like before launching of the scheme, or during the running of the scheme, or during the draw of results?  Does the DDA and the government have any answer to the common man of this country?

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Related earlier posts:

• DDA Housing Scheme 2008 | DDA Draw of results | DDA housing 2008
• DDA housing scheme 2008 -- [DRAW OF RESULTS]
• Four simple steps to 'Track your DDA housing-2008 Application Form online'

>>Dear Readers, Visitors and Subscribers,

BRICKS-n-MORTAR.com wishes you a very happy, prosperous, successful and joyfully eventful new year.   As this new year 2009 starts shining bright bringing along loads of happiness and love to you and your loved ones,  we would also like to take this opportunity to wish the same to your home, office, building, interior and exterior fit outs, etc. and all other materialistic civil, architectural as well as bricks and mortar belongings of yours.

At the outset of this new year, we would also like to share the sentiment of many of our readers that the people the world over are sharing with us. As everywhere else round the globe, the realty sector in India is also changing fast lately in the recent global meltdown scenario.  This gloomy situation worldwide has though brought a silver lining of sorts for the middle and lower income group people as the prices that were sky-rocketing have lost their artificial climb.  The property prices that were jacked up 10 to 100 times in past few years than what they actually should have been are falling down significantly (though the cartel of builders and people of vested interests are still trying to withhold on to the higher price regime simply hoping that the downtrend will sooner or later will take a U-turn.  Only if the genuine end users who fall in the middle income section, like you and me, maintain and keep the pressure on the builders forcing them to righteously offer property units at justifiable prices.

We at BRICKS-n-MORTAR will keep our blog readers informed of the happenings from time to time suggesting which way the realty sector in India and the world over shall be heading to.  Keep in touch with us by bookmarking our blog and/or subscribing to our updates for being abreast with the common man's forum.  In case you haven't subscribed to our updates yet, and wish to do so, CLICK HERE.

Your feedback/comments/suggestions are always welcome and highly appreciated.  Your active involvement motivate us to bring out the best of topics that related directly to you.
Yours truly,
Shelly
(for team@BRICKS-n-MORTAR.com)
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Since ages, we all have been practicing making and implementing budgets at our homes and for related occasions, ceremonies, etc. So, what essentially is a budget? In simpler terms, a budget may be defined as a financial working, which may or may not include quantitative statements to support it; and which is prepared prior to a defined period of time, and which is essentially pursued during that period so as to attain a desired objective of achieving a set target of financial figures, or even preferably to complete the activity well within the planned final figure. In a nutshell, it includes certain planned income and the foreseen expenditure interwoven with the planning of employment of the capital for a desired work to be completed.

Budgeting Techniques in Construction Practices

A well-prepared budget can become an effective management control technique in more ways than one in any construction front, whether it be a pre-bid working, or a cost plan for an upcoming site, or even a small home renovation job.

The practice of budgeting control is basically the establishment of financial budgets relating to the responsibilities of the personnel who are required to execute the responsibilities up to the requirements of the pre-formulated policy, while maintaining the continuous comparison of the actual figures with those of the previously estimated and budgeted ones. Any major deviation of the former with respect to the latter should prompt for establishing a revision of the previous version of the budget.

Requirements of a Good Budgeting Control System

The following outlines the predominant requirements that a budget must incorporate to be effective and helpful enough for any enterprise, company or an individual:

·               The foremost of all requirements is to formulate a policy for a certain pre-defined period with the targets clearly chalked out in terms of the desired financial figures and/or the output over a clear period of time. This is important since unless a specific and target-oriented aim is there, a management or person in-charge will not be in a position to adopt the required preventive and/or corrective measures in case the desired programme is going out of track. This also helps if a programme is going well ahead the desired schedule and/or the cost pattern. The manager, in this case, may re-distribute the surplus of resources to fronts where they may be critically required.

·               The other predominant requirement is that of defining and allocating the responsibilities and accountabilities of executives at each important level of hierarchy. This helps in better coordination and the results are more likely to be in resonance with the drafted target policy.

·               Continual evaluation of the policy as well as the measured results from time-to-time and at regular intervals is another important requisite of an ideal budget.

·               Last, but definitely not the least, analyzing and rectifying the adverse factors, which tend to derail the planned targets is another positive requirement of good budgeting. Such negative factors must be pinpointed, analyzed and solved in no time when they do occur. As such, the divergences between the planned and the actual results should be used not only for control purpose, but also for policy revisions of the future.

Budgeting is an Effective Monitoring Tool

Budgeting is an important monitoring tool to carry out the following functions:

·               Conceiving business opportunities

·               Planning

·               Executing

·               Controlling, and

·               Coordinating the different functional activities of a construction programme

It not only enhances the grasp of the management over the project, but also helps to find out and correct the shortcomings that a programme might be proceeding to, endangering the profitability and/or timely completeness of a project. After all, which management does not want to complete a project on time, and with almost all financial as well as material targets being on course? A judgment easy to make even for a layman, isn’t it?

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