Rashid Of Pm

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 analysis and

of

tables

and

charts

along

with

financial

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 housing - also became available form that time onwards.

-

known as public

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 mindboggling - 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 I-SINGLE UNIT HOUSES 1 house 30 houses

AREA (Sqr yards)

TOTAL AREA

*Total Area (sqr feet)

200 sqr yards 6000 sqr yard

6000 sqr yards

54000, sqr feet

150 300 1800 4200

1800 4200

16200 37800

12000 Sqr yards

108,000 sqr feet

2- TOWERS 1 house / flat 1 building / tower 6 buildin!!s / tower 1 house / flat 1 buliding / tower 6 buliding / tower 3-ROADS, PARK, STORES GYM & COMMUNITY CENTER Total area

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 May2006 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 (Total land)

65,000,000

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 cooperative 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 lowincome 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

2Malik 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 (100)

13.1 (100)

6.2 (100)

2-OWNED

15.5 (80.8)

11.4 (87.1)

4.2 (67.6)

3-RENTED

1.7 (9.0)

0.3 (2.3)

1.4 (23.2)

4-RENT FREE

2.0 (10.2)

1.4 (10.6)

0.6 (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 Thailand Chile Morocco Tunisia Brazil Srilanka Iran Bangladesh Pakistan

21.0% 16.0% 12.0% 7.0% 5.5% 4.5% 3.0% 3.0% 2.2% <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 S.U.H

AREA

RS/SQRFT

COST (Rs)

(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 (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

2,700,000 x 5

13,500,000rs

5 floors/1 building

Rs / sqr ft

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

COST (rs)

♦ 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 (sq fts)

Rs / sqr ft

1 store

900 sq fts 900xl000Rs/sqft

2 stores (TOTAL)

1800 sq fts

COST (Rs) 900,000

rs

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

1

36,000,000

Roads, park, gym& Community center

172,800,000

TOTAL CONSTRUCTION COST .

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

1.4 TOTAL COST OF THE PROJECT:

2

CATEGORIES:

COST:

LAND CONSTRUCTION MARKETING TOTAL

65,000,000 172,800,000 1000,000

238,800,000

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. AREA sqr ft

Categories: Single unit houses Flats General stores TOTAL:

30xl800sqfts 60x1350 sq fts 2x900 sq fts

54000 81000 8100 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: COST /UNIT (Rs/sq ft) SINGLE UNIT HOUSES 1800X1746 3,142,800 FLATS 1350X1746 2,357,100 SHOPS 900X1746 1,571,400 CATEGORIES

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 S. U. HOUSE 3,142,800X1.5 FLAT 2,357,100X1.5 SHOP 1,571,400X1.5

5

PRICE / UNIT 4,720,000 3,550,000 2,360,000

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 % BOOKING 6MNTHS 1 YEAR 1.5YEAR 2 YEAR 2.5YEAR 3 YEAR

10 %

10% 10 %

TOTAL PAYMENT (AT YEAR END)

20%

X X X

40%

X X X

20%

X X 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 inflows (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 K.E.S.C S.S.G.C

Government P.T.C.L

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: S. U. HOUSE FLAT SHOP TOTAL

50%PROFIT MARGIN 3,142,800X1.5 2,357,100X1.5 1,571,400X1.5

PRICE / UNIT 4,720,000 3,550,000 2,360,000

REVENUE 141,600,000 213,000,000 4,720,000 395,320,000

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 project cost

20%@booking

TOTAL COST (1) 0.20x238,800,000 47,760,000

NET Distribution of TOTAL PROFIT revenue REVENUE (1-2) (2) 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 YEAR SALES 215,456,83 5-1,432,800 COST GROSS PROFIT 72176835 SEL.ADM.EXP@5% -71,640 EBIT 72,105,195 INT.EXP@15% -1,432,800 EAT 70,672,395 TAX.EXP@40% -28,268,958 PROFIT 42,403,437

2ND YEAR 71,818,945 -47760000 24058945 -2,388,000 21,670,945 -1,432,800 20,238,145 -8,095,258 12,142,887

3RD YEAR 71,818,945 -47760000 24058945 -2,388,000 21,670,945 -1,432,800 20,238,145 -8,095,258 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

143,280,000

EQUITY

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 Add: Depreciation

108,354,725

Less: Taxes

0

Less: Interest Charges Operating Cash Flows Investment Cash Flows Fixed Assets Total Investment Cash Flows Change in Equity

(42,984,000)

Total Financial Cash Flows Closing Cash Flows

0 135,171,725

4,800,000

70,170,725 65,000,000

65,000,000 0

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.

MANAGEMENT PLAN

8

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 MANAGEMENT

LINE

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 selffinancing 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-costhousing/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

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EXTRA- PART ADDED IN UNIVERSITY OK

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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.

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

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