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Naya Pakistan Naya Pakistan Architectural Times www.architecturaltimes.news ARCASIA Architects from Hungary AT Czech Republic Slovakia Japan and Turkey visit Pakistan Petra The Majestic ancient city in Jordan The Best Architectural Cities in the World NAYA PAKISTAN Housing Scheme December 2018 Apartments Symphony The building consist of 16 levels 180 apartments, one, two and three bedroom apartments, cafes restaurant, dental studio few shops two levels of parking spaces Next to the sea garden over looking Black Sea and Varna City. PRICES ONE BEDROOM TWO BEDROOM THREE BEDROOM 79X17 sq,m 150 000 euro 174 000 euro 69 000 Euro 127.23 sq,m 157.88 sq,m Anton Kamenarov Estate Agent Mob: +359 877 777 877, Tel: +359 52 813 703 Sole Marketing Rights For MEA E-mail: [email protected] Corporate Communication Service Address: 12, Konstantin Velichkov Str, fl.1, Tel: +971 567540191 +92 51 2874225, office 1, Varna 9000, Bulgaria +92 317 955 9000, Vol: 01 December 2018 Issue: 02 Architectural Times A PROJECT OF TELETIMES MEDIA LLC. Dubai EDITORIAL TEAM Chief Editor Shameem Zaidi Foreword Editor – Publisher Khalid Athar Associate Editor Nadya Zaidi Dear Readers The new edition of Architectural Times is in your hands. In this edition you will find more informative and Assistant Editor attractive features related to ancient and modern architecture. In this edition we aim to capture the spirit Umber Zaidi of certain piece of architecture while presenting its unique features. Architecture is evolving with the time and there are strikingly new trends of architecture emerging in the great metropolitan cities around the world. Dubai can be cited as rapidly developing city with modern Director Marketing architecture with new techniques. The ancient architecture has been transformed but ancient structures Taimur Rashid and historical sites still hold our fascination. We try to introduce to our readers, new trends of architecture emerging at global level, ancient wonderful Address: sites and historical buildings, buildings famous for various reasons, unique features of architecture and interesting information about all the important aspects of architecture. Since this publication is related to architect and building it also involves the industry of real estate. We Teletimes Media LLC. request all the architects, builders, Home decorators, new and established housing societies, P.O.Box 239031, Dubai, UAE. companies related to house building appliances and material to step forward and support this important edition related to architecture. It will be highly valuable for the promotion of architecture in Pakistan. Ph & whatsapp: +971 50 130 5097 We wish our readers and supporters a very happy and fabulous New Year & Merry Christmas. Cell: +971 56 75 40191 Looking forward to your significant feedback. Sole Marketing Rights Shameem Zaidi in MEA Chief Editor [email protected] Corporate Communication Service 6, St. 39, G‐6/2 Islamabad, Pakistan Tel: +92 51 2874225, 2279830 Cell & whatsapp: +92 300 955 9879 Scan to download pdf version www.architecturaltimes.news Contents 06 Kapoor Haveli to be turned into Museum 19 Late Novelist Tom Clancy's Massive Maryland Estate 23 Shela Bagh Khojak Tunnel An Architectural wonder of British Raj 24 An Old Jail now best Guest house in the world 26 World's Greatest Tunnels 27 Naya Pakistan Housing Scheme Morst impressive Building in the UK 33 How to fight Depression 36 The Best Architectural Cities in the World 45 10 33 President ARCASIA Architect Jahangir Khan Sherpao honored with AIA Presidential Medal at AIA Conference in Singapore 27 Chicago Petra, The Majestic ancient city in Jordan 21 37 29 Seikan Tunnel (Japan) 39 The Best Architectural Cities in the World Architectural Times Naya Pakistan Housing Scheme rime Minister of Pakistan, In Pakistan, cities are planned in 10 million houses, and every year we Imran Khan has launched the favour of housing for the rich and the are adding to this backlog.The PTI P'Naya' Pakistan Housing middle classes. Over half of Karachi government intends to promote Project. The scheme was a part of lives in areas that started as slums. access to housing to the people of the PTI's election manifesto, which Very little land is set aside for low-cost Pakistan and jumpstart the housing promised five million houses for the housing for the poor.One of the key sector.The salient features of this poor. features for Naya Pakistan is to housing to make housing affordable to He said that at least 40 industries are improve the housing situation for people are following: directly related to housing. The Pakistanis.There is a shortfall of over government will make a Naya Pakistan Housing Authority to ensure the construction and form a 17-member task force to look after housing affairs. He said that a land bank, which will only cater to loans and financial dealings of properties, will be formed too. To estimate the demand for housing, the government will hold a registration drive in different districts of Pakistan. “A pilot project will be launched in seven districts,” he said. Investment in the construction sector will help generate more jobs too. The government has decided to provide houses to the people on easy installments. It will build 2.5 million houses in the first phase, and another 2.5 million in the second phase. Increase buying power by providing loans of longer tenure fifteen to twenty years. Reduce cost by standardizing design and specifications. Reduce cost by significantly cutting down the approval time. Develop new communities with access to infrastructure. Reduce the upfront cost of builders by providing them land in installments and minimum time for approvals and infrastructure before start of construction. Provide project loans to builders so that they can complete housing project in the shortest possible time thus improving their ROI and at the same time reduce the investment period thus reducing the overall cost for the end consumer the main objective of this scheme. It is envisaged that by the above creating 20 jobs per year means an would also jumpstart the economy as measures the cost would be 15 to 20% additional 60 million job-years which it will be prove to be the biggest growth lower than the current market price means 12 million jobs a year, in engine for the economy. The and by providing long term loans the unskilled, semi-skilled and skilled contribution to the country's economy government would enhance the category plus another 1 to 1,5 million from the housing sector alone, allied number of people who can afford jobs in related industry and service industry and services would be 15 housing by 100% in the first three industry.This initiative would mean trillion Rupees (If each unit is valued at years. The current situation is about doubling the capacity at least of all 3 million rupees on an average). This half a million people can afford to buy construction related industry. would mean an addition of more than 8 homes and apartments every year. to 9 trillion rupees over 5 years This initiative will also help on This initiative would also mean The Project was launched with delivering the promise for 10 million another one to three hundred defined targets and milestones, which jobs as these house alone which is an thousand jobs in the service industry will need the following to be done in additional 3 million houses over the that is banking, security, maintenance, the time frame called out including a next five years with each house insurance etc.This initiative alone pilot registration scheme in 3 districts. 06 December 2018 www.architecturaltimes.news Architectural Times 1. Foreclosure law implementation and enactment of new laws. Action: Ministry of law and Parliamentary affairs. Time period 3 months from today. 2. Creation of Provincial and Federal Naya Pakistan Housing Authority. Action: Ministry of Housing and works and Ministry of law and Parliamentary affairs. Time period: three months from today. 3. Arranging funds for Housing needs. Action: Ministry of finance. Time Period: three months from today. (Commercial banks to be also brought on board and at least 5% of their loan portfolio will be fixed for lending to builders and housing mortgage financing). 4. At the same strengthening of the remortgage finance market to be established. Action: State Bank of Pakistan. Time period: Six months 5. Selecting locations from existing Federal and Private property owners; Responsibility task force Time Period: Ongoing first 100,000 units next 45 days. 6. Developing Designs for the units; Responsibility task force next 60 days. 7. Pricing for each unit as per location through builders 120 days. 8. Launching of the scheme for booking of units 180 days from today. 9. Completion of first project and handing over of keys or possession of plots within 2yrs. of this date. Responsibility Task Force, NAYA Pakistan Housing Authority and Private Sector Builders 10. Every year targets given to all the stake holders are as per the table below which are indicative in nature and will be modified on studying the demand data which is collected every year through actual demand surveys and income levels. www.architecturaltimes.news December 2018 07 Architectural Times This financing scheme will ensure that this will help the builder offer creation of secondary finance market. the projects are completed in shortest apartments which would be at least 15 possible time. The end consumer is to 20% lower than the market prices. Recent Development saved from the financial cost. Thus making the apartments and the twenty percent down payment as high The price of the land would be not paid rated collateral for the loan the bank is Naya Pakistan Housing scheme has by the builder the price of the land giving to the end consumer.
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