Title Page

LIANA HOUSING SOCEITY (Living In A New Age)

(Dreams Come True)

 ABSTRACT
This Project Report has been entitled as "LIANA (Living in a new age)
housing society" The Project Report entails total five phases in all. The
first phase is about the background of the subject and the statement of the
mission. The Project Report opens with an informative introduction of a,
housing society of Other related information such as statement of the
mission and significance of the study are also explained. The scopes of
this study being conducted as well as its delimitation are also given in
which various reasons are mentioned about the limitations and
delimitation of the study being conducted. This Project Report contains
different types of terminologies, the meanings of which are sometimes
difficult to grasp so therefore various terms being used in this Project
Report along with their meaning is also high light. Phase two contains
research methodologies and procedures. In this phase of the report
information related to the research design, respondents of the study, the
research instruments being used and then finally treatment of data that is
its interpretation and some detail about the presentation analysis is given.
In the given Project Report the presentation analysis is being done on the
basis of both quantitative and qualitative terms. Phase three contains a
comprehensive review of the related literature and studies. In this context
information sought through both local and foreign literature is mentioned
and then a brief summary of the information is mentioned. Of course
local and foreign literature are not enough for such a comprehensive
study therefore gaps to be bridged by the study and areas for further study
are mentioned in quite detail. The fourth phase is about the presentation
analysis in terms of tables and charts along with financial
analysis and
forecasts along with future analysis. The final phase is all about the
findings, recommendations and conclusion based on intuition and facts
derived from the study.
 TABLE OF CONTENTS

S.NO. DESCRIPTIONS PAGE

NO.
PROJECT REPORT ON HOUSING
SOCIETY

MISSION STATEMENT:

This mission is providing quality of living at feasible cost

to low-income people by highlighting the opportunity,
need and potential for Housing Society and accelerating
economic growth
 PHASE-I

INTRODUCTION
DEFINITION:
A Housing Society is a term used to describe residential complexes consisting
of buildings each having flats and (single unit) houses.

ORIGIN OF HOUSING SOCIETIES (HISTORY):

Housing has changed considerably since the early days of long houses. Back in the
early days, housing was simple and practical: a place to escape from weather, to sleep
and prepare for another long day. Those homes would take just one hour to be
assembled and easily disappeared with the buffaloes and were replaced over the years
by a variety of housing types from log cabins to extravagant palaces.

Housing has been heavily influenced over the years by colonizers who brought their
preferences and construction techniques with them from countries like England,
France and Spain. These gave rise to the heavy timber-framed houses. During the last
half of the nineteenth century, immigrants from Europe introduced German, Irish,
Polish and Swedish house and farmstead types, bringing more layers of tribal/cultural
diversity to rural and urban housing.

Duplexes and row houses (chain or string of houses) made from brick gained
prominence in the early 19th century.

Apartment housing appeared in the mid-19th century. This form of housing intended
to be subdivided and quickly grew into heavily inhabited apartment buildings with
four or more families per floor. Rooms had few windows and the family living shared
the sinks and bathrooms.

Apartment housing improved in the second half of 19th century; however, it

continued to be reserved primarily for renters and was a distant second to
home ownership. Some people were able to build and buy inexpensive houses
or cottages, while others who could afford to buy were provided with
ownership opportunities. Home ownership grew substantially in the 1920s
when bankers, builders worked with the government to promote home
building and ownership.

Financial support programs were introduced during and after the Great
Depression and World War II. Federal funded housing - known as public
housing - also became available form that time onwards.
BACK GROUND:
Over the years, housing in Pakistan has changed much in style, architecture
and availability. While a major portion of the country, mainly rural areas,
continues to live in hand-made houses build from grass and mud, majority
now a days live in comparatively flourishing homes or apartments constructed
from wood and brick. The options available for home-owners today are mind-
boggling - providing comforts and luxuries. These new trends of housing and
housing colonies have made their way in to Pakistan through foreign countries
.countries like America, where the origin of housing societies and colonies
took place, are developed countries while Pakistan in comparison is developing
country. Therefore the point to be kept in mind is that luxury, for citizens of a
developing country such as Pakistan, comes with cost and so houses today are
not as inexpensive as they were before.

According to the Population and housing census of Pakistan, in the year 1998
there were over 19.3 million housing Units in the country. With the population
at 149 million by the end of June, 2004, the housing unit requirement on the
basis of the World Bank's recommendation at the occupancy rate of 6 persons
per house and the total number of housing Units required in the country
should be around 24.8 million. The above formula shows that there is shortfall
of over 5.0 million housing units.

There exists an accumulated housing backlog of 6.25 million units in addition to an

annual housing deficit of 270000 units (Economic Survey of Pakistan, 2005).

PROPOSED NAME FOR THE PROJECT:

LIANA HOUSING SOCIETY (LIVING IN A NEW AGE)

INTRODUCTION:
LIANA (living in a new age) housing society Karachi would be provide shelter
and quality living feasible cost. It's an aspiring residential project, which would
consist of 6 towers each being a 5 storey building with 2 houses on each floor to
overlook the Spectacular views of the city along with 30 single unit houses.
The society would be located in Quaidabad, Karachi, Sindh, Pakistan. The
proposed team for the construction and development of Liana housing society
is Al-Tawakkal builders has at least 40 years experience of construction
business in Pakistan & the United Arab Emirates (UAE), comprising a team of
individual with vast experience in the field having been part of many
successful residential and commercial projects as key team players.

Liana Housing Society would provide a luxurious housing enclave for Lower middle,
Middle and Upper middle class at a feasible cost. Its designed with all the elements of
privacy and high security. The society would have gracious contemporary structure
and innovative architecture. The unique feature of the society would be the Earth
Quake proof construction which would not only protect your investment form sinking
but will also insure safety of your life in case of a natural disaster. The housing
project is planned to cover every aspect of healthy living and contain beautiful parks,
excellent general store and high tech health club.
The society would be constructed on a 12,000 square yards -26 acres of land
purchased at a cost of Rs 65 million from the Sindh government. The land is located
(available) at Quaidabad. This piece of land will be purchased at a rate of Rs
2,500,000 per acres.
 PHASE-II

THEORY & ANALYSIS /

MATERIALS & METHOD

 Project Description

Project layout:
Total area coverage of the project:

CATEGORIES AREA (Sqr TOTAL *Total Area

yards) AREA (sqr feet)
I-SINGLE UNIT HOUSES
1 house 200 sqr yards
30 houses 6000 sqr 6000 sqr 54000, sqr feet
yard yards
2- TOWERS 1 house /
flat
1 building / tower 6
buildin!!s / tower
1 house / flat 150
1 buliding / tower 300
6 buliding / tower 1800 1800 16200
3-ROADS, PARK, 4200 4200 37800
STORES GYM &
COMMUNITY CENTER
Total area 12000 Sqr 108,000 sqr feet
yards

In the above table's 4th column, the data measurement unit has been converted
in to square feet from square yards.
1 square yard = 9 square feet
Now the data will be discussed in square feet through out the report.

INTERIORS:

For contemporary comfort and elegant entertainment the interiors are designed with
plenty of windows and wide terrace to capture sun light and views. Homes with
luxurious master suits offer 3 bed rooms with wide-open lounge of enough space and
drawing room. Spacious store, car parking area and garden for single unit houses.

AMENTIES AND FACILITIES:

• Boundary wall wrapping the community.

• Earth quake proof (construction) buildings.
• Covered parking
• Gymnasium
• Park for children.
• Efficient water supply system including over head and under ground tank.
PROPOSED TEAM FOR THE PROJECT:

A team with dynamic name in the construction industry could be formed

compromising of:

• Al-Tawakkal Builders
• Arch vision plus, for architecture assistance.
• Arif and associates for structural engineering.
• Inter graphics C and A (pvt) for architectural walk through.
• SEM Engineering for plumbing and Air Condition

The Proposed Location:

The proposed site for the project is Quaidabad. Quaidabad is the most
favorable location for this project because it's currently less populated and less
civilized as compared to other areas in Karachi. Since it's not yet a
commercialized area the cost of construction in that area is also less.
Government is now directing its new housing projects to Quaidabad to utilize
the land available there in order to accommodate citizens and to move the
population towards that side. Several educational institutes and fitness clubs
are also available in near of location .new
shopping plazas are also being constructed. Quaidabad is one of those areas
of Karachi which are the next targets, of the government, to be
commercialized. Therefore, having almost all the socializing elements
available near by and potential to be commercialized people will not be
reluctant to live at such a location.

Proposed time for project Completion

The proposed time for the completion of the project is 3 years. (From May-
2006 to May-2009)

Project (initial) Investment

The total cost of land for the project is Rs.65, 000,000.

Cost per acre 2,500,000

Cost of 26 acres
65,000,000
(Total land)
Total Investment structure:
The proposed pre-feasibility is based on the assumption of 40% debt and 60%
equity. However this composition of debt and equity can be changed as per the
requirement of the investor and the project.

Project financing:
Debt 40%
Equity 60%

The proportion of debt is taken 40% take advantage of the tax shield that is the
more will be our debt expense the lesser would be the tax expense. The capital
Structure is taken in this proportion to keep the ownership with the
entrepreneur since it will be on sole proprietorship bases The other reason for
this proportion is the in this way the entrepreneur will not face a 100% loss if
the project fails. The entrepreneur will be able to invest in some other business
as well and will be able to cover his loss by returns form his other
investments/businesses.

MARKET
Current Market Situations:
Market Entry Timing:

The construction work is not dependent on time but, as per industry norm, the
Ideal timing for housing construction is from May to Jun and then from
September to November. The reason is rainy season during July and August
which causes delays in Construction process. During December to February
the labor is mostly migrated to rural areas for crop harvest. During harvest
season labor is paid more in rural areas this causes shortage of labor and
consequently raises in daily wages.

Current Market Status & Market Opportunity:

There exists an accumulated housing backlog of 6.25 million units in addition
to an annual housing deficit of 270,000 units. This gap gives the clear
indication of market Potential and Opportunity and can be fulfilled by the
proposed project. This demand or gap exists even in the existence of two
major players of the industry, Askari Housing Society and Defense Housing
Society, who can become our major competitors. More over there are not
many Earth Quake proof housing societies built in Karachi but are highly
demanded which also provides market for this project.
Competitors:

KATRAK PARS I COLONY:

The plans were drawn whereby 58 plots, each measuring approximately 1000
square yard were laid out with wide roads and an amenity plot in the center for
a garden and a library. The colony's main aim, to provide housing on co-
operative basis, and to create an ethnic environment was obviously one way
for the people of common faith to meet and interact. This aim was achieved
once all the houses were built and families in large numbers occupied them.
Most of them belonged to the middle class.
TAISER TOWN:
The Taiser Town is a low-income housing scheme of president Musharraf,
providing maximum number of 80 and 120 square yard plots to the low-
income people. Comfortable house will be available at a price range from
Rs. 300,000 to 350,000.The project is presently under construction and will be
complete in year 2008
KHUDA KI BAST
Using four sectors of the unused land of Gulshan-e-Shahbaz, a housing
society was build by the name of Khuda-ki-basti .it's a 5,550 acres housing
scheme on the highway from Karachi to Hyderabad. In 1982-83, the scheme
had a total number of 70,000 plots, of which 10,000 had been balloted away.
Though the cost of the land is the same as that charged by the government
(rupees 10,000 per plot), the mode of payment is different. Instead of an initial
down payment of 25 per cent, the buyers are charged 1,000 rupees, with the
rest of the money paid in seven installments.
All the competitors mentioned above are basically operating on no loss and no
profit bases that is, these are projects are social service by nature and the
owners are making no profits on them.

According to the new housing scheme, Government is now focusing on

providing shelter /houses to the low-income people and has announced a
number of new projects of housing societies to be built in the near future.
Some of these projects are under construction and others are still on papers.
All these housing schemes will be on no profit and no loss bases and will
target the middle class and low income people. Hence the entrepreneur will
encounter a lot of competition from these projects and so they will be our
competitors as well.
Target Market:
Our target would be the low-income people -lower and middle class. The high
demand/need of low/ feasible cost houses prevails in the lower and middle
class citizens since these days the housing societies built focus on upper class
and therefore the low-income people cannot afford them and are shelter less.

SIGNIFICANCE OF THE STUDY

Housing plays a significant role in the economic growth of our country, as a
source of jobs and capital investment, as a secure vehicle for individual and
family savings, and as an essential contributor to personal happiness. There
exists an accumulated housing backlog of 6.25 million units in addition to an
annual housing deficit of 270,000 units This gives the clear indication of
market Potential and Need for more houses to be built. To fill this market gap
the study can prove to be very significant.

OBJECTIVE:

The objective of the pre-feasibility study is primarily to:

• Facilitate potential entrepreneurs
• Facilitate investment decisions
• Provide quality at feasible cost
• High light the Opportunity available at Quaidabad for a housing
complex
• The study would primarily facilitate potential entrepreneurs and
investors by providing an overview about housing society construction
cost.
• The Project pre-feasibility may form the basis of an important
investment decision and in order to serve this objection, the document
covers various aspects of cost involved in the development /
construction of housing society

ASSUMPTIONS OF THW OBJECTIVES

• The housing complex is located at the Quaidabad

• Their will 60% own equity and rest will be taken from the investors
• All the facts and figures are rational
• Technical labor is required and is easily available
 FUTURISTIC APPROACH:

To develop housing society / complex that will not only play a significant role

in the Growth of the economy but will also reduce the market Gap.
 PHASE-III

RESEARCH METHODLOGIES &

PROCEDURES
RESEARCH DESIGN
The research is designed in such a way that it covers all the important aspects
related to the Luxury Housing Society. For the said purpose, this research is
conducted to assure the new ventures to invest their capital in the respective
field keeping some of the factors that can be the profitability, payback period,
etc. The research will contribute to the building of knowledge to the people of
unrelated fields, who desire to have sources of raising income through
investments in some business areas.
Elements of research design include:
TYPE OF STUDY
This study is exploratory in nature to cover every aspect of Liana Housing
Society in order to facilitate decisions based upon the study. All the variables
factors will be taken under consideration. They will be identified, explained
and worked upon for proper understanding

Study Setting:
The research is conducted in a non-contrived environment with natural
variables that are uncontrolled, and influenced by various internal and external
factors
Type of Setting:
Focus on establishing certain causal relationships and correlations based on
the information collected
EXTENT OF RESEARCHER INTERFERENCE:
Minimum researcher interference, events are studied as they occur and no
manipulations are done.
RESPONDENTS OF THE STUDY:
Respondents for this study will be the Local Investors who are well aware of
the investment opportunities of the Karachi and also the local public. This
study will provide the fundamentals to the new entrants for starting such a
business

The respondents of this study are:

• Potential Entrepreneurs
• Potential Investors
• Venture Capitalists
• Construction Companies
• Players of the Housing Industry
• General public
• Government

INSTRUMENT OF DATA COLLECTION

The research method is based on both primary and secondary sources. For the
primary data, both structured and unstructured interviews will be conducted,
we would be interviewing the respondents personally with the purpose of
inquiring about the Housing Society's layout and Plan also using pre-destined
sources to explore the research. These methods would aid in providing reliable
and timely information, so as to arrive at accurate conclusion for a perception
that is specific and complex in nature.

TREATMENT OF DATA
The data that would be gathered through the primary sources would be
analyzed in the verbal context that is the qualitative framework. Moreover,
financial technique would be used for the preparation of financial statements,
which include the projected income statement and the projected balance sheet
for the year 2006 and 2007.

PRESENTATION ANALYSIS
The data that we will collect will be raw and we will analyze the data in form
of quantitative framework and also present the tables and charts.
 PHASE-IV

REVIEW OF LITERATURE AND

STUDIES
1- OPPORTUNITY FOR HOUSING SOCIETY IN KARACHI

According to the businessmen circles, the crash in stock market has traveled
through the real estate sector as well, as majority of the investors have
fulfilled their liabilities by early disposal of their holdings in different housing
society that has depressed the upward trend dramatically.

Presently, there are 3500 housing schemes in Pakistan and only 20 percent of
them are legal. The remaining 80 percent are fake schemes without land. Very
strong rumors have gripped the real estate sector that the government is going
to announce Pakistan Development Authority at the federal level in line with
CDA and LDA that would be assigned to issue licenses and regulate the
housing projects in the country. The proposed authority would have
representation from federal, provincial and local governments as well as NAB.
30,000 major investors are actively participating countrywide in day-to-day
transactions in the real estate sector.

This rumor coupled with the fear of imposition of Sales Tax on real estate
transactions has brought the real estate sector to a halt at the moment and
no immediate chance of rebound is likely to happen before the budget
that has already stolen the sleeping nights of many businessmen right now
2-
Malik Riaz, the chief executive of Bahria Town, has recently pointed out in
NAB conference that Pakistan is one of the 20 countries in the world where
real estate business is on top of the list. According to unofficial figures, he
said, the turnover of just six housing projects in Pakistan is equal to the annual
budget of the country.

The capital development authority has also started taking actions to improve
the situation starting from Lahore. CD A sold two big plots in Islamabad for Rs
12.96 billion at Rs 121.8 million per kanal. To judge the depth of this deal has
to look at the second largest bank of Pakistan viz Habib Bank, which has
14660 branches all over the country and is operating in 125 countries of the
world. The bank earns Rs 5 billion profit every year and last year, when it was
privatized, it sold for Rs 22 billion only whereas only two plots sold by the CD
A fetched 60 percent of the total amount.

3- MUSHARRAF'S HOUSING PROJECT

President Pervez Musharraf on Sunday performed the computer balloting of

Taiser Town (Scheme-45) of the City District Government Karachi (CDGK)
here at the Governor House.

The Taiser Town is a low-income housing scheme providing maximum number

of 80 and 120 square yard plots. The computer balloting was held for 34,762
plots of 80 square yard category for which 416,000 applications were received
from all over the country in the month of September 2005. Provision of various
categories of residential plots has been undertaken including 400, 240 and 120
square yard.

The president said the example of such housing scheme for low and middle
class groups should be emulated in the future as well. "Unfortunately, the
people who deserve the most were neglected in the past. They are also human
beings and need shelter and other facilities," the president said. He said these
people are also
service providers and deserve all kind of support, which the government
is ensuring to them.

He emphasized that more of such projects should be developed in the country

to improve the conditions of the state. He further said that the government
would support housing schemes focusing on the low-income people in the
future as housing plays an important role in the economic growth and it's the
basic need of the citizens.

President Musharraf stressed that concept of low cost must be ensured in all
housing schemes. The housing development schemes must be undertaken all
the cities and towns of the country, he added. The government was working on
further accelerating economic development, controlling inflation, creating
more job opportunities and alleviation of poverty in the country.

The City District Government Karachi in collaboration with a US-based

private company will construct low-cost housing scheme at Taiser Town on no
profit no loss basis to provide living facilities to the citizens on affordable
rates. The important thing of this scheme is that these houses will be
earthquake resistant.

Comfortable house will be available from Rs 300,000 to 350,000 which are

less than 40 per cent rates from other housing scheme in the city

4- KCCI DEMANDS LOW-COST HOUSING SCHEMES

Housing and Construction Industry sub-committee of the Karachi Chamber of

Commerce and Industry (KCCI) has urged the government to announce 80 to
200 sq. yards low cost housing schemes in Karachi.

This demand was made at a meeting of the Housing and Construction Industry
sub-committee of the KCCI held on Saturday, under the chairmanship of
Munir Sultan. The committee also demanded that the government should allot
land in the
vicinity of Karachi city for construction of 80 to 200 sq. yards housing
scheme to overcome housing units shortage in the city. The committee pointed
out that there is a shortage of around 6,200,000 housing units in the country.

5- DEMAND AND SUPPLY OF HOUSES

According to the 2005, 37 per cent of the population of Karachi lives in

squatter settlements; 34 per cent in semi-permanent high density housing; 7
per cent in semi-permanent houses on small plots in planned areas; 13 per cent
in permanent houses on medium size plots in planned areas; 6 per cent in large
bungalows and 3 per cent in apartments. Observation and area studies seem to
suggest that these figures have changed in the last decade. Katchi abadis would
now constitute about 50 per cent of the population and the number of people
living in apartments would be closer to 6 per cent of the present population. /

Over the years, the government has initiated a number of innovative housing
policies and projects for Karachi. However, the end product has never reached
the poor whose need constitutes over 60 per cent of the housing demand. The
reasons why this demand has not been met is that the supply was far too small
as compared to the demand; the end product was unaffordable to the poor and
there were no credit schemes to purchase land but only to build a house; the
procedures for acquiring land and credit for house building were long and
cumbersome and involved being viewed by officialdom with suspicion and
hostility, and catering to corruption. This demand-supply gap is taken care of
by the densification of existing settlements in the city centre, the creation of
katchi abadis in peri-urban areas, and the postponement of construction or
replacement of stock.

The extent of the demand-supply gap and its repercussions are illustrated by
the tables below.
 Housing Demand/Supply Per Year
Housing demand has been worked out as:

a. Demand due to population growth 48,000

b. Demand due to backlog 34,200
c. Demand due to replacement 13,000
Total 96,500

Formal sector housing supply (building permits issued by various authorities)

was 26,700 units per year between 20005-2006 against a demand of 96,500
units.

6- HOUSING IN PAKISTAN, A SERIOUS NEED!!

This paper has been prepared to examine the role of housing Finance to
resolve the country's housing Problem and its impact on the Economy. The key
factors and summary with highlighted facts are given below:

It is of course but as natural as food and clothing, yet many are caught in the
struggle of having a house. According to the Population and housing census of
Pakistan, in the year 1998 there were over 19.3 million housing Units in the
country. With the population at 149 million by the end of June, 2005, the
housing unit requirement on the basis of the World Bank's recommendation at
the occupancy rate of 6 persons per house and the total number of housing
Units required in the country should be around 24.8 million. The above
formula shows that there is shortfall of over 5.0 million housing Units.
 TENTURE ALL AREAS RURAL URBAN

1-ALL TYPES 19.3 13.1 6.2

(100) (100) (100)

2-OWNED 15.5 11.4 4.2

(80.8) (87.1) (67.6)

3-RENTED 1.7 0.3 1.4

(9.0) (2.3) (23.2)

4-RENT FREE 2.0 1.4 0.6

(10.2) (10.6) (9.2)

According to the convener of the housing advisory group the country needs an
additional supply of 570,000 housing Units per annum. While the actual
annual supply does not exceed 300,000, thus there is net shortfall of 270,000
housing Units p.a and the backlog is increasing every year. To meet this
shortfall housing Finance to the extent of Rs. 68 billion is required as against
Rs. 4/5 billion being outlaid at present.
These alarming statistics have created a red-light situation where million of
peoples are homeless. In addition to population growth of 3.2% during the last
decade the country was burdened with sheltering hundreds of thousands of
refugees of the effected neighboring country further encountered by the
climatic extremes.
Hence, it is a matter of great concern and demands very serious attention to be
paid on a national level. Governments normally do not have enough funds
resources to provide Ready made Houses to their badly needed citizens. But it
is the endeavor of every welfare State to create an environment, where
construction and ownership of home is facilitated.
7- HOUSING FINANCE-INTERNATIONAL

The general conditions in the country are quite conducive to achieving a rapid
growth in the housing industry. The country is witnessing stable
macroeconomic environment and a foundation has been laid for sustained high
growth in the medium term. However, one major area that has lagged behind is
the housing finance, a critical input required for the promotion of construction
industry On an average the housing finance (outstanding stock) represents as a
percentage oftheGDPas:

DEVELOPING COUNTRIES:

Malaysia 21.0%
Thailand 16.0%
Chile 12.0%
Morocco 7.0%
Tunisia 5.5%
Brazil 4.5%
Srilanka 3.0%
Iran 3.0%
Bangladesh 2.2%
Pakistan <1%

This low number does not represent any lack of demand. Instead it is function
of absence of a properly organized approach to housing finance, hitherto rather
high interest rates, and somewhat lack of competition in the financial sector.

MORE LOW-COST HOUSING SCHEMES TO SOLVE

KATCHIABADIES ISSUE

The City District Government recently geared up a campaign to remove

encroachments and bulldoze slums and villages to cure the slum disease, as
according to an estimate half of the population of Karachi lives in Katchi
Abadies.

Hence this issue will stay till regularizing these slums and more
importantly providing low-cost residential plots, in bulk, to houseless poor
people, whose
number is growing due to both population rise and brisk influx from the rural
areas. Uprooting of slums by bulldozing houses, huts and shanties is a poor
and short-term solution. Poor people have no choice but to create
encroachments.

According to an estimate, the cost of putting one cemented block in final shape
of house construction is around Rs 16. Hence, the collective tune of
investment of poor people in these slum houses could run into the billions of
rupees. Razing these structures is sheer wastage of this huge collective
investment of poor people. Instead of'razing' the government should focus
of'regularization' of these Katchi Abadies, shanties and villages. It is dire need
that the government should allocate substantial chunks of money for upgrading
and regularizing these slums.

According to government sources since March 23, 1985, the Katchi Abadies
which came into being numbered 1,293 and of them 1,157 are eligible for
regularization under Sindh Katchi Abadies Act 1987. Of them, 932 Abadies
have been notified while residents of 750 Katchi Abadies have been granted
proprietary rights. However, the exact number of Katchi Abadies is much more
than recognized by the government or having entries in "official record".

9- NEED FOR LOW COST HOUSES

The policy of 'house for everyone' as revealed by Prime Minister Shaukat Aziz
is a welcome endeavor by the present Government. Understandably, the
ambition to own a house is universal, yet the problem of housing is acute and
pressing for the poor and middle classes of society due to a variety of reason
especially the lack of financial resources to build or purchase houses. It's more
so in Islamabad, where prices of land and construction have sky-rocketed in
recent years. The fact is that it's virtually becoming impossible for the middle
class to build a reasonable house in the federal capital. The other side of the
story, however, is that gap between the demand and availability of housing
units in the federal capital is widening with every passing day. As a
consequence, Islamabad is becoming unwieldy as it's hysterically expanding.
The influx of population into Islamabad from all over
Pakistan has led to unprecedented growth in population with rush of vehicles
becoming virtually unmanageable. The delay in the opening of CDA's sectors over
the years had prompted private builders and developers to launch housing schemes
in the outskirts of the capital city to create a mess.XThe situation is, therefore,
becoming more and more complex demanding serious brainstorming on the part of
the Government to seek some remedy. To us mass construction of low cost housing
units is the answer to the housing problem in the federal capital. Sprawling and
high-rise flats need to be built on the pattern of other developing countries. It's,
therefore, hoped that the Government will facilitate such a venture to address the
housing problem. It's also pertinent that similar low cost housing projects should
be embarked on in other cities as well to reduce population pressure on Islamabad.
A prudent housing policy needs to be formulated in keeping with a balance in the
nation's needs and resources.
 PHASE-V

PRESENTATION ANALYSIS
INTRODUCTION

LIANA housing society is a project, which will provide housing facility to the
low-income people. As already mentioned above the society will have a park,
gym, general stores, and community center. The project is targeting the Lower
Middle, Middle and Upper Middle class.

This project will also fill the gape, up to some extent, in the market which exists
mainly because of the fact that today almost all the housing projects are targeting
the Upper and Middle classes, making it impossible for the lower income people
to afford a good quality comfortable and luxurious house.

However a detailed analysis of its operations and effective marketing is necessary

because low-income people must be made aware of it. Moreover deep insights of
the demand, socio-economic conditions, future development and impacts also
have immense importance.

LAND & LOCATION:

Land is the first resource in order to start any business. Land should be purchased
or be own by the entrepreneur. This project will require 26 acres of land. The
location we have that has been selected is, Quaid Abad. It is also important and
favorable if considered from political or social point of view and customer point of
view. Following points should be considered:

Location should be at far distance from the heavy traffic areas so as to avoid noise
pollution because people prefer place where they can live peacefully.

1. Cost of land should be less.

2. Should be in commercial area

 FINANCIAL BUDGETING AND CONTROL

1- COST ANALYSIS

1.1 COST OF LAND

Considering these all the points mentioned above, land would be acquired at
Quaid Abad. The total cost structure for acquiring the land is shown in the
table:

Cost per acre 2,500,000

Cost of 26 acres 65,000,000

(Total land)

1.2 CONSTRUCTION COST:

The construction cost at Quaid Abad is currently 1000 Rs per square feet. The
cost of construction atQuaid Abad is comparatively lower then the cost at
Malir, Gulitan-e-johar and defense. 1600rs/sqr feet at defense, 1300 -1400rs
/sqr feet at Malir and 1000 - 1200rs/sqr feet at Gulistan-e-johar on average.
These are only the cost of construction, that is for marble flooring and
earthquake proof construction additional charges will be added.

The 1000 rs/sqr feet at Quaid Abad includes: 800 rs only as construction cost
per sqr feet plus 200 rs additional: 100 rs/sqr feet for earthquake proof
construction and 100 rs/sqr feet for marble flooring. The entire projects
construction cost has been divided into four segments: The Single Unit Houses
The Towers (flats /apartments) The General stores Roads, park, gym and
community center

Source: Altawakkal (Construction organization), Tughral Shah khan project

originator(20 years of experience), Rapid Builders(construction Company),
Hurmain Builders(construction Company) and Capt. Sohail Rafat(PN) ten years of
Experience in construction Work.
 CONSTRUCTION COST OF SINGLE UNIT HOUSES:

The society would consist of 30 single unit houses of 200 square yards/1800
square feet each. The total area captured by single unit houses hence would
be 6000 square yards which means 54000 square feet.

NO.of AREA RS/SQRFT COST (Rs)

S.U.H (sqr feet)

1 1800 sq fits 1800x1000 1800,000Rs

30 54000 sq fts 54000 x1000 54,000,000 Rs

Therefore the cost of construction of 30 houses (total) is 54,000,000 Rs

♦ CONSTRUCTION COST OF TOWERS:

There will be 6 towers in the society. Each tower will be having 5 floors and
2 houses at each floor, making a total of 60 houses. Each house would be of
1,350 sqr fts and therefore each floor, having two houses, would be of 2,700
sqr feet. This area also includes the small lobby in front of the houses
(distance between the two houses) and the stairs in the building.

Houses & floors Area Rs / sqr ft COST (rs)

(Sqr ft)
1 house 1350 sq fts 1350xl000(Rs/sqft) 1,350,000 rs
2 houses/ 1 floor 2700 sq fts 2700xl000(Rs/sqft) 2,700,000 rs

5 floors/1 building 2,700,000 x 5 13,500,000rs

Therefore the cost of constructing one tower =

Rs13,500,000 So, the cost of constructing 6 towers =

13,500,000 x 6

= 81,000,000 Rs/sq ft
♦ CONSTRUCTION COST OF GENERAL STORES:

There will be 2 general stores in the society each of 900 sqr fts and so their
cost of construction would be:

STORES Area Rs / sqr ft COST (Rs)

(sq fts)
1 store 900 sq fts 900xl000Rs/sqft 900,000 rs

2 stores (TOTAL) 1800 sq fts 1800 x 1000 Rs/sq 1,800,000 rs

ft

CONSTRUCTION COST OF ROADS, PARK, GYM

& COMMUNITY CENTER:

AREA Rs / sqr ft COST (Rs)

36000 sq fts 36000x1000 Rs/sq ft 36,000,000 rs

The above figure 4000 square yards includes area between the houses and
between the flats, the distance between the towers, the roads with in the society,
the area for the children's park, the gym and the community center area. The
cost of construction is lower because parks and roads do not require much of
construction work, which means lesser utilization of material and equipment.
 ♦ TOTAL COST OF CONSTRUCTION:

CATEGORIES UNIT COST

Single unit houses 30 54000,000

Towers 6 81,000,000

General stores 2 1,800,000

Roads, park, gym& Community 1 36,000,000

center
TOTAL CONSTRUCTION COST 172,800,000

.
Keeping all these requirements in mind, a marketing budget of 1000,000 has
been proposed.

1.4 TOTAL COST OF THE PROJECT:

CATEGORIES: COST:

LAND 65,000,000
CONSTRUCTION 172,800,000
MARKETING 1000,000
TOTAL 238,800,000

2 CAPITAL STRUCTURE:
The capital structure has been divided into a 60 - 40 ratio that is, 60% of the
project will be financed by the entrepreneur and the remaining 40% would be
financed through loan taken from a bank at an interest rate of 15% per
annum.

CAPITAL:
EQUITY 60% 14,328,000
DEBT@15% 40% 95,520,000
TOTAL 100% 238,800,000
3 COST FACED BY THE ENTREPRENUER:
The actual cost faced by the entrepreneur per square feet will be calculated by
dividing the total cost of the project by the total construction area, excluding
the area for park, gym, community center and roads.

Categories: AREA
sqr ft
Single unit houses 30xl800sqfts 54000
Flats 60x1350 sq fts 81000
General stores 2x900 sq fts 8100
TOTAL: 136,800

CALCULATION:
Total cost = 38,800,000
Total area= 136,800

238,800,000/136,80
= 1746RS/sqrft

ACTUAL COST OF HOUSE:

The actual cost which would be incurred on the on the construction of the
houses is:

CATEGORIES COST /UNIT

(Rs/sq ft)
SINGLE UNIT HOUSES 1800X1746 3,142,800
FLATS 1350X1746 2,357,100
SHOPS 900X1746 1,571,400

4 PRICE AND PROFIT MARGINS

The profit margin proposed is 50% of the actual cost of the house. This
50% includes:

20% of selling and administrative expenses, the tax charges or tax

expenses, the interest expense and the regulatory authority's approval fee.
 In other word through 20%of the cost of house of the margin the
entrepreneur will be able to cover and pay the taxes, interest on the loan
taken form the bank and administrative expenses.
• 30% of the cost of the house is the earning/profit of the entrepreneur on
the sale of each house.

Based on 50% profit margins the prices of the houses are as follow:

CATEGORIES: 50%PROFIT MARGIN PRICE / UNIT

S. U. HOUSE 3,142,800X1.5 4,720,000
FLAT 2,357,100X1.5 3,550,000
SHOP 1,571,400X1.5 2,360,000

5 BOOKING & PAYMENT SCHEDULE

The payment schedule has been designed considering the convenience and
feasibility for the customers. The overall payment schedule has been divided
into 3 years, payments being made after every 6 months period. At the time of
booking a payment of 20% of the price of the house will be made. During the
1st year two payments will be received, each after 6months, of 20% each. In
this way 60% of the price will be covered in the 1st year. During the 2nd year
also two payments would be received each of 10%, therefore by the end of the
2nd year 80% of the price would be received. The remaining 20 % would be
covered in two payments made in the 3rd year

20% 20% 20% 10 10 10% 10 TOTAL PAYMENT

% % % (AT YEAR END)
BOOKING X 20%
6MNTHS X
1 YEAR X X 40%
1.5YEAR X
2 YEAR X X 20%
2.5YEAR X
3 YEAR X X 20%
1.3 MARKETING AND PROMOTION COST
Marketing and promotion is very important for the success of any new product
I the market. Like wise, marketing and promotion, are also essential for this
project as these will play a significant role in creating awareness about the
project among the general public.
For this purpose preliminary market research, detailed market research,
analysis of economic conditions and social conditions will be required to find
out:

The intensity of the demand for this project in the market Understand the
market trend Identify present market leader Identify potential competitors.
Find out when will the economic and market conditions be in our favor to
launch introduce the project.
After market research advertisement/commercials will be required. Broachers
will be distributed and Ads will be published in magazines and newspapers.
Promotion through billboards would also be done.
 OPERATIONAL IMPLEMENTATION

PROJECT IMPLEMENTATION SCHEDUL/TIME

TIME TAKEN

Where,

60% work done: purchase of land, construction of 15 single unit house, 3

towers and 2 shops. During the 1st year 60% of the construction work would
be done along with the purchase of land .all the legal formalities would be
fulfilled and approval for the project would be obtained from the regulatory
authority.

20% work done: construction of 15 single unit houses, gym and 1 tower.
During the second year 20% of the construction work would be done along
with giving away possession of the houses build so far.

20%work done: constructing of 2 towers, community centre and park. During

the third year remaining work would be completed and the possession would
be given away.
7 BUSINESS AND FINANCIAL ANALYSIS

For the business and financial analysis and important assumption has been
made which is:

All the single wit houses, flats and shops have been booked.

The work of the project proceeds as payments /installments for houses are
received from the customers over the specified time period. In other word, the
out-flow of cash (cost) is incurring, for the completion of the project, as in-
flows (revenues) are being received.

For business analysis we will prepare a legal plan to fulfill all the legal
obligations and to find out the legal constraints that we might have to face.
The legal plan is given below:

LEGAL PLAN

INCOME TAX

Income tax will be paid to the government. The tax rate is 40% which charged
on operating income.

LEGALITIES

The requirement for commencing this type of business is to have the approval
from regulatory authorities. Following are the state authorities from where the
approval for the plan was being achieved

Local Government

K.E.S.C P.T.C.L

S.S.G.C
 C.B.R

Exclusive Department

The Cost in order to get approval from these regulatory authorities is Rs.150,

000.

7.1 REVENUE AND COST ANALYSIS

As the revenues are cumin in, through payments being made by the customers,
they are being allocated to projects cost. We know that 20% of the profit
margin is to cover tax, interest on loans, the regulatory authority's approval fee
and selling and administrative expenses where as the remaining 30%of the
profit margin is the actual or net earning. This is illustrated in the table below:

CATEGORIES: 50%PROFIT MARGIN PRICE / UNIT REVENUE

S. U. HOUSE 3,142,800X1.5 4,720,000 141,600,000
FLAT 2,357,100X1.5 3,550,000 213,000,000
SHOP 1,571,400X1.5 2,360,000 4,720,000
TOTAL 395,320,000

PROFIT MARGIN DISTRIBUTION:

20% -SELLING & 0.20 X 395,320,000 =71,864,000

ADMINITRTION+TAX+INTEREST
30% EARNING 0.30 X 395,320,000 =118,596,000

TOTAL 395,320,000
 Now according to the PAYMENT SCHEDULE:

Distribution total TOTAL Distribution of TOTAL NET

project cost COST revenue REVENUE PROFIT
(1) (2) (1-2)
20%@booking 0.20x238,800,000 47,760,000 0.20x395,320,000 71,818,945 24,058,945

40% @lst year 0.40x238,800,000 95,520,000 0.40x395,320,000 143,637,890 48,117,890

20%@2nd year 0.20x238,800,000 47,760,000 0.20x395,320,000 71,818,945 24,058,945

20%@3rd year 0.20x238,800,000 47,760,000 0.20x395,320,000 71,818,945 24,058,945

TOTAL 238,800,000 359,094,725 120,294,725

120,294,725, IS the profit which is 50% of the total project cost (238,800,000). The above table
illustrates that as the bookings are being made and installments are being received by the
customers they are being allocated to the project work. In the end at the time of completion of
the project you are left with 50% of the total cost incurred over the project, which is your
earning.
7.2 FINANACIAL STATEMENTS

There are two financial statements, the income statement and the balance
sheet.

1- INCOME STATEMENT:

The projected income statements showing sales, costs and profits for 3
years during construction are given below:

1ST 2ND 3RD

YEAR YEAR YEAR
SALES 215,456,83 71,818,945 71,818,945
COST 5-1,432,800 -47760000 -47760000
GROSS PROFIT 72176835 24058945 24058945
SEL.ADM.EXP@5% -71,640 -2,388,000 -2,388,000
EBIT 72,105,195 21,670,945 21,670,945
INT.EXP@15% -1,432,800 -1,432,800 -1,432,800
EAT 70,672,395 20,238,145 20,238,145
TAX.EXP@40% -28,268,958 -8,095,258 -8,095,258
PROFIT 42,403,437 12,142,887 12,142,887

FOR THE 1st YEAR:

SALES (20% booking +40% installment paid by
customers = 60%) COST (cost of 60%work done)

FOR THE 2nd YEAR:

SALES (20% installment paid by
customers) COST (cost of 60%work
done)

FOR THE 2nd YEAR:

SALES (20% installment paid by
customers) COST (cost of 60%work
done)
The projected income statements showing net sales, cost and profit at the 3 rd
end of year given below:

3rd YEAR
END
SALES 359,094,725
COST -238,800,000
GROSS PROFIT 120,294,725
SEL.$ADM.EXP@5% -11,940,000
EBIT 108,354,725
INT.EXP@15% -42,984,000
EAT 65,370,725
TAX.EXP@40% -26,148,290
NET PROFIT 39,222,435

SALES AT TH END: sales of 30 S U Houses +60 flats + 90

houses COST AT THE END: cost of 100% construction work
done

2- BALANCE SHEET:

BALANCE SHEET
ASSETS: LIABILITIES:

CASH 173,800,000 DEBT 95,520,000

LAND 65,000,000 EQUITY 143,280,000

238,800,000 CAPITAL 238,800,000

 3- CASH FLOW STATEMENT:

The cash inflow and out flow schedule is illustrated in the table below:

Cash Flow Statement

Operating Cash Flows
EBIT 108,354,725
Add: Depreciation 4,800,000
Less: Taxes 0

Less: Interest Charges (42,984,000)

Operating Cash Flows 70,170,725
Investment Cash Flows
Fixed Assets 65,000,000
Total Investment Cash Flows 65,000,000
Change in Equity 0

Total Financial Cash Flows 0

Closing Cash Flows 135,171,725
7.2 FINANCIAL ANALYSIS:

1-RETURN ON
CAPITAL:
CALCULATION:
(PROFIT / TOTAL INVESTMENT) X 100
39,222,435/238,800,000 X 100
= 16.4 %
The return on the investment made in the project is 16.48% which means that
the earning on the long term investment, financed through long term debts
and owner's equity, are 16.48% of the total investment made.

2-RETURN ON SALES:
CALCULATION:
(PROFIT / NET SALES) X 100
39,222,435 / 359,094,725
X100
= 10.9 %
The return on the sales made is 10.9%, approximately 11%, which means that
the profits made or the earnings are 11% of the total sales.

3- RETURN ON EQUITY:
CALCULATION:
(PROFIT / EQUITY) X 100
39,222,435 /143,280,000 X100
= 27.4 %
The return on total owner's equity is 27.4 % wh8ich means that the profit
earned is 27.4% of the owner's equity.
8 MANAGEMENT PLAN

8.1 MANAGEMENT
TOP MANAGER:
OWNER / ENTREPRENUER
I am the OWNER or ENTREPRENUER and this is my project. The
top management will establish mission and short term goals /
objective for the project team and other staff. Top management will
also be responsible for designing management plans. All the
important organization wide decisions will be taken by the top
management.

MIDDLE MANAGER:
PROJECT TEAM LEADER
The middle manager will be between the top and 1st line manager. He
/she will be responsible for allocating jobs to the project team
members. The team leader will tell the members what is to be done,
and how to do it .he will provide guidance and leadership to the 1st
line management and the project team.

1st LINE MANAGER:

ADMINISTRATOR
The administrator would be at the lowest management level. He will
supervise the Non-Managerial employees such as the labor and the
administration staff.
TOP MANAGEMENT

MIDDLE
MANAGEMENT

1 ST LINE
MANAGEMENT

NON MANAGERIAL
EMPLOYEES
 PROPOSED PROJECT TEAM

A team with dynamic names in the construction industry could be

formed
comprising of:
AL Tawakkal builders
Arch Vision Plus, for architectural assistance
Arif and associates, for structural engineering
Inter graphics C and A (pvt) ltd for architectural walk through
SEM Engineering for plumbing and Air conditions
 PHASE -VI

SUMMARY OF RESULTS AND

CONCLUSION

FINDINGS:
 Findings of the literature review are that it is worldwide recognized fact
that the housing construction industry of a country plays a vital and
significant role in the development of its economy and prosperity. In
Pakistan 92% requirements of the total housing needs is provided by
private sector.
With a backlog of 270,000 housing units in the country the demand for
housing finance is enormous. If the average cost of a hosing unit is taken at
Rupees five laces (a very conservative estimate); and 50 percent self-
financing ratio, the total demand for housing finance is close to Rs. 68
billion against the current supply of close to Rs.3-4 billion. Thus there is a
great scope for a quantum jump in the housing finance business.
An outstanding achievement of the government during the last four years
has been the formulation of the National housing Policy and the measures
taken to implement it.
The objective of the policy is to create affordability of owning a housing
unit, especially of the middle and low-income groups in urban as well as
rural areas.

Other worth mentioning findings include:

1-The simple low budget marketing, Since it is not a new idea and there
already exists need for such a project in the market so marketing strategy will
not focus on creating need it will rather focus on creating awareness and
promotion of the project.
2-few technical challenges since there are not many earthquake proof
constructions done in Karachi, lOOrs additional construction cost as the
construction would be earth quake proof.
3-The cost of construction at Quaid Abad is lower as compared to other
locations. The reason for this is that Quaid Abad is a non commercialized area.
4- No financial or legal challenges.
The findings and above calculations also highlight a few characteristics
mentioned below.

1-Housing is Expensive for both entrepreneur/seller and the buyer. A House

would be considered expensive if it eats up 4/5 times once Annual Income or
annual savings from customer's point of view. Since it requires millions of
capital and cash investments and gives only a proportion of total cost incurred
back as return or profit, its expensive form entrepreneur/seller's point of view.
In other word housing does not offer high returns instead reasonable
returns/profits. But the point not to be ignored is that the cost is recovered and
the finance required for such projects can be generated through loans as well.

2-Housing societies and houses are Durable: Can stretch to generations and
can be considered as ones long term investment.

3-Returns from such a project can be both one time profit or continues returns
for long term depending whether you sell the house/project with transfer of
owner ship or ownership is not transferred and houses are taken on rent. When
returns are considered in isolation (ignore the cost) the returns are in millions
and therefore can not be considered low.

4- Housing projects require a lot of finance: normally such projects are done
on partnership bases or sole proprietorship bases with 60:40 equity and debt
ratio because it is difficult to generate such large amount individually.

5- The financial ratios indicate that the returns on equity of such projects are
higher as compared to the returns on capital and sales.
CONCLUSION

The above study concludes that this project is feasible, viable and profitable.
The cost of construction at Quaid Abad is quite low as compared to the cost at
other locations in the city since its not much commercialized .lower
construction cost has reduced the over all cost of the project .the cost of the
project is also quite low as compared to the cost of others existing in the city.

One can also conclude that in order to provide homes to the low-income or
poor people at low and reasonable costs, the projects must be implemented at
areas that are not commercialized because the cost of construction, cost of
labor and cost of material proposed by the construction companies would low
which will reduce the price of the houses as well.

The lower project cost has lowered the prices of the houses as well, and
therefore it will enable the low-income people to satisfy their basic need, to
have a house of their own, at a reasonable and affordable price. The prices of
the houses determined above are approximately 25% to 30% lesser as
compared to other projects existing in the city that are not feasible for the
middle class.

This project can be implemented at all locations of the city that are not much
commercialized are expected to be commercialized in the near future.

One might consider the returns form the project to be low but the point to be
kept in mind is that the returns are considered lower in comparison to the cost
of the project .if they are considered in isolation (ignore the cost) the returns
are in millions, it will not be shared with any one, and the cost incurred would
be recovered giving additional earning.
RECOMMENDATIONS

The investors are advised to thoroughly go through each and every part of the
report and keep this thing in mind that even though this project is a profitable
and a viable project, but even then there is no guarantee that this the only and
the most profitable investment venue of all available in the market. Keeping
the current market conditions in mind, I would recommend:

1-High Way, new Malir, Malir Cant, all the katchi abadies and outskirts of
Karachi as potential areas other then Quaid Abad for the implementation of
this or of similar project. The reason is that these are currently not much
commercialized therefore the cost would be lower.

2-The project can also be implemented in commercialized area as well but

then in this case the cost of the project would increase relative to the
constructions and other costs offered for that area, this will also increase the
price of the houses and so the target market would also be changed
accordingly.

3-The project can be easily expended as per entrepreneur desire. The

calculations and their format will remain the same only the additional cost for
additional houses made and additional area covered would be added to the
previous data.

4-This project can also be done under partnership; in this case the entrepreneur
can reduce the cost further by avoiding loan from the bank as the two partners
will combine their wealth for the project. But the profits will then have to be
divided amongst the partners and so individual profits will reduce.

5-It's also recommended that incase of sole proprietorship the capital structure
given above should not be changed so as to keep the ownership of the project
to ones self and also because the cost of capital faced by the entrepreneur is not
high, hence can be easily covered.
6-The project can also be used as social service by removing the 50% profit
margin and selling the houses on no profit and no loss bases. That is the
prices will be kept equal to the costs of the houses with zero profit margin
(zero profit).
BIBLIOGRAPHY & REFERENCES
PERIODICALS:

Economic survey of Pakistan 2006

Publication by: state bank of Pakistan

MAGEZINES:

Economic review
The Economist
Financial times information

INTERNET:

www.google.com
www.wikipedia.com
www.answeres.com
www.dawn.com www
.thenews. com

OTHER ONLINE DOWNLOADING ARTICLES:

1 NEED FOR LOW COST HOUSES

Pakistan Observer, April 20, 2006
http://www.sarid.net/proiects/low-cost-housing/developments.html

2 MORE LOW-COST HOUSING SCHEMES TO SOLVE KATCHI

ABADIES ISSUE
Financial Times Information Limited, May 16. 2006
http://www.sarid.net/projects/low-cost-
housing/developments.html

3 HOUSING FINANCE-INTERNATIONAL
Bv:ArifEIahi
ECONOMIC REVIEW, December 2006
http://www.kansascitvfed.Org/PUBLICAT/PSR/proceedings/2007/pdf/Anderson
.p df

4 HOUSING IN PAKISTAN, A SERIOUS NEED

BY: ArifEIahi
ECONOMIC REVIEW, December 2006
hup: www.kansascityfed.org/PUBLICAT/PSR/proceedings/2007/pdf/Anderson.pdf
 Project Report on Housing Society

5-DEMAND AND SUPPLY OF HOUSES

Source: Arif Hasan: Seven Reports on Housing: OPP-RTI publication, March 1992.
http://www.informaworld.com/smpp/content~content=a771011571~db=all
6 -KCCI DEMANDS LOW-COST HOUSING SCHEMES
Financial Times Information, May 23, 2006 Tuesday
http ://www.informaworld.com/smpp/content~content=a77101157 l~db—all
7 MUSHARRAF'S HOUSING PROJECT
http://www.sarid.net/projects/low-cost4iousing/developments.html

8 Malik Riaz Chief Executive of Bahria Town

http:\\www.sarid.net/projects/low-cost-housing/developments.html

9 OPPORTUNITY FOR HOUSING SOCIETY IN KARACHI

By Hamid Waleed Applied Economics Research Centre, University of Karachi.
http: www.kansascitvfed.org/PUBLICAT/PSR/proceedings/2007/pdf/Anderson.pdf

Bahria Institute Of Management & Computer Science (Karachi Campus) 56

 Project Report on Housing Society

EXTRA- PART ADDED IN UNIVERSITY

OK

Bahria Institute Of Management & Computer Science (Karachi Campus) 57

 Project Report on Housing Society

Project Scope

1- Project Objectives

As far as LIANA HOUSING’s objective is concerned “it is to provide quality living

considering all the safety aspects at feasible cost within specified time frame”.

2- Deliverables

Basic deliverables

 Uninterrupiblle water, sewerage, gas & power supply and car parking.
 Digital security system and lift system.
 Desalination and water recycling plants of adequate capacity.
 Sunlight and fresh air.
 Electronics escalators.

Advanced deliverables

 Scores of amenity plots for lush green parks, mosques, school, play ground, water park,
community center, clinics, gyms and post office.
 Efficient telecommunication system by P.T.C.L and intercom system.

3- Milestones ( Project starts from January 2006)

a) Basic infrastructure of 3 towers each being 5 storey building with 2

houses on each floor be built by May 2006.

b) Basic infrastructure of 3 towers each being 5 storey building with 2

houses on each floor be built by May 2007.

c) Providing water, Gas, Power and Telecommunication Network in all

6 towers be implemented by August 2008.

d) fully furnished 6 towers excluding extra facilities be built by December

2008.

e) Final project including extra facilities be handed over to end users by

May 2009.

Bahria Institute Of Management & Computer Science (Karachi Campus) 58

 Project Report on Housing Society

4- Technical Requirements

In order to ensure proper performance and security LIANA HOUSING SOCIETY would be
inclusive following technical requirements.

a) Standby Generator
b) Fire Fighting System
c) Security Alarm System
d) Digital Display Board (These will be a computerized digital display board for
customer guidance to assist them selecting on which floor they have to go).

5- Limits and Exclusions

 The rate of labor, land, equipment and the prices of products may vary due to change in
demand and supply in market which can result in the variations in the financial analysis
of respective business.

 Government regulations may affect the conditions for the respective business.

6- Review with customers

After considering other aspects of project scope checklist, project starts with the understanding
and agreement of customers’ expectations. If the conditions would remain desirable,
considering the delimitations, it is expected that project would meet customers’ needs and
would deliver whatever is desirable by the customer to deliver.

As far as project defining, budgeting, timings and performance requirements are concerned,
these are clearly defined, understood and have fair balance between them.

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 Project Report on Housing Society

Here is some pics ……which is useful for our hospital, mosque, map and etc , ensure u go for
all frist

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 Project Report on Housing Society

Bahria Institute Of Management & Computer Science (Karachi Campus) 61

 Project Report on Housing Society

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 Project Report on Housing Society

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 Project Report on Housing Society

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 Project Report on Housing Society

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