Welcome to Creeds ..!
-- Beyond Awesome !!
Q. Do i need to have a rooted phone for installing the Rom.
A. No you jus need to have a Galaxy Y.Rooted or not Rooted Dosnt matters.
Q. Is CWM Essential to Flash the package.
A. Again no ,You can directly Update from a Stock Rom.
Q. I dont like the Rom, what to do ?
A. Easy, there are many other Roms to fulfill your requirements,Check them out.
Q. I Bricked My Phone Using this Rom.
A. Well You can Come to My Place for your Phone Replacement. LOL xD
Q. You Seem to be Rude.
A. Oh! Thank You.