I take pleasure in presenting the Annual Report to the company
Company has almost completed Affordable Housing Project for construction of 1536 flatsat Jhunjhunu for govt. of Rajasthan & planning to hand over by March 2017
Your company expects bright prospectus in Hon. Prime Minister Narendra Ji Modi hasannounced policy "Housing for All" up to year 2022 where 2.00 Crore houses areto be constructed in urban areas out to this 90% units are under EWS/LIG where yourcompany is "Pioneer" since last 25 yrs.
Presently company is bidding various tender floated by Govt. of Rajasthan under ChiefMinister Awas Jan Yojana. It is also proposed to take scheme EWS/LIG on private land underJV with landlords. There is a great potential for these type of houses as GOI is extendingcases subsidy of Rs. 1.5 lac each EWS house (out of total cost 3.9 lacs per unit &Intt subsidy of Rs. 2.50 lacs on LIG House.
These schemes are Available in tier 3 & tier 4 cites.
Company is planning to have Prestress Precast Hollow Core Slab unit for manufacture ofslabs/walls for housing which will result in fast economical & quality work.
The salient features of "PM Awas Yojana" is Rs. 1.5 lac direct subsidy to EWS(Capet area 30M2) & 6.5% interest subsidy for LIG Category (Carpet are 60M2) &most imp feature income by to be beneficiary cleared on self affidavit only.
Your company has entitled for 50% TDR from Jhunjhunu project which accounts to Rs.15.00 Crore as on March 2016 & balance 50% illegibility by 31st March 2017.
Company has already commenced construction of 500 private flats on balance land havingwith mix design 1 2 3 BHK cost ranging from 8.00 lac to Rs. 21.00 lac only with thiscommercial mall of 600 shops.
As 1536 flats are already sold to government of Rajasthan Company expects good responsefor private flats as it is also designed as per norms of "PM Awas Yojana"
The company has tie up with Micro Housing Finance Corporation Limited which gives loanto beneficiaries without stress on income document they has already disbursed Rs. 5.00 Crup to 15th August 2016
Your company has designed precast toilet under "Swach Bharat Abhiyan" wheretoilet will be manufactured in factory by prestrss method wall thickness 3 inches with12000 units PM will be produced. Erection of unit without skilled labour will take 3 hoursfor erection only. Machinery has purchased from China & production liked to start inshortly.
Business Development:- Housing is one of the basic requirements for human survival.Affordable Housing is term we use for residential units in India's urban areas which areaffordable priced with respect to households that fall within a specific limited incomerange. There is no single set of parameters to define what an affordable housing unitshould cost in India. As per houses under Government of India 60M2 carpet areain four metro cites area is called affordable house. This is because the pricing andfeasibility to developers of affordable housing is a function of the city location withinthe city and type of project being built and also the construction technology employed.
The typical demographic setting of India particularly gets highlighted when we lookinto the trend over the years. A steep rise in population is a major reason for theincrease in demand of residential units affordable homes and basis infrastructuralfacilities. India is the second most populous country in the world and at this point theforemost interest is developing the infrastructural facilities of loading the primary needof housing for the population. Most of the economist across the world opines that a sharpincrease in the real estate and property prices in India in the coming years. Ourconsistent efforts therefore have been to make first hand insight into the pressingproblems of housing development.
As per latest survey conducted by KPMG (international Audit firm) highlights
There will be employed potential of 7.50 crore jobs in coming 6 years & thissector will be highest employment potential in 2022.
Market value of this sector will be 67 lac crore up to 2030.
There is a present of 5.00 crore housing units & total 11 crore housingunits will be required out of which 2 crore houses will be required in urban area.
20000 Million dollar investment is expected up to 2022
Organizational Development: - Organizational development depends on Human resources andits management because they are the most valued assets and the Company believes thatpeople do make a lot of difference as human resources individually and collectivelycontribute to the achievement of the objectives of the business. The company employspeople develops their capacities skills attitude utilizing maintaining andcompensating their services in theme with the job and organizational requirement.Therefore the company continues to give prime attention to them and build them as demandfor housing activity is growing exponentially and to meet the new challenges.
The company's major focus continues to be Dedicated to slum development and service topoor class people and its Endeavors to create and nurture a long lasting relationshipduring the entire period of our association.
Acknowledgement: - your company remains committed to the underlying values of providingexemplary customer service achieving business objectives with social responsibility andenhancing stakeholder value.
I look forward to your continued support in the year ahead and wish you the very best.
The company is thankful to State Bank of Bikaner & Jaipur for sanction loan of Rs.12.00 Crore with BG 3.00 Crore.
Micro Housing Finance Corporation Limited for extending loan facility to unorganizedsector
(Chairman & Managing Director)