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Low Cost Housing in Pakistan was initially based on the concept of providing housing facilities to the general public, without making enormous profits.This is the primerey Job of Government but they failed to provide low cost housing in pakistan but the privete sector take initiative in early 1960 and give the pioneer consept of Multi storeed building the pioneered Builders & Developers are:

#REDIRECT Al Azam (pvt Ltd and #REDIRECT M.Y Corporation pvt Ltd

They launch the Low Cost Housing in Pakistan in Earley 1960s.

They built very low-priced Residential area as well as Retailing#Shops and Stores accommodations in Karachi and Hyderabad, Pakistan, using the apartment system. It managed to keep prices down, without sacrificing quality.

• reducing its profit margin; and * increasing land-use density.

Al Azam Ltd. one of the pioneered provide low-cost housing for the general public. It was formed during the early 1960s by the former Rehabilitation Minister, Sardar Amir Azam.

When the company emerged in the '60s, there was no other construction company competing with it in this market. Commencing its operations with a portable typewriter from a small room in a residential house at Sir Syed Road in 1963, Al Azam expanded, and later shifted to a large office at Bambino Chambers in the heart of the city of Karachi.

The low-cost apartment projects such as the Al Azam Square of the '60s constructed by the company were initially very popular. In 1976, Mr.Muhammad Ali ,who was just a private secretary to Sardar Amir Azam,through manipulation and black mailing techniques ,took over control of the business. He thereby deprived Al-Azam's original owner's sons their rightful share in the company.

As a result of Mr. Mohammad Ali taking control of the company, the company's reputation took a nose dive. By using sub standard material in construction, one of Al-Azam project Mashadi Plaza collapased killing many labourers.With the passage of time, the company gradually disappeared from the market. However, the general public still remembers Al Azam as the company that built quality apartments and housing units by its original owner, Sardar Amir Azam Khan

M.Y. Corporation Was established in 1964 by the well known industrialist of Pakistan Mr. Fazal ur Rehman
 Late , Mr. Aftab ur Rehman and Mr. Ata ur Rehman Late. Who already have a rich industrial back
 ground and vast experience of construction. 

The founder of the company Late Haji Fazal-ur-Rehman, was the moving spirit behind Planning/Building & Developing strategy. Haji Fazal, who inherited a modest business house from his father, Haji Muhammad Younus turned it into a flourishing concern.

Late Haji Fazal-ur-Rehman was not only chairman of M.Y. Group of Companies but was also among founding fathers of Korangi Association of Trade & Industry (KATI). He was also a founding member of Association of Builders & Developers. He represented KATI in Karachi Chamber of Commerce & Industry for many years. He was patron & Office bearer of many Social, Cultural & Charitable Organizations of the City.

later the company change in to pvt ltd company in 1971 the slogan of the company is "House for every citizen " a slogan which it tried to adhere by building houses at minimum possible cost. By building around 2000 such units, it earned a place for it-self and is counted among well-known and reputed Builders, Developers and Town planners, on the other side its sister concern F.A.A. Corporation (pvt) Ltd. Responsible for undertaking sizeable Government and Semi-Government Contracts.

“M.Y. Corporation (pvt) Ltd ship is going under the right direction and the Group is going from Strength to Strength by focusing its attention on providing decent & harmonious living at an affordable Cost to the Citizens.

M.Y. Corporation (pvt) Ltd is registered with KBCA with license no BL-22 and also the founder member of (ABAD) Association of Builder and Developers and registered as NO limit contractor in various government organization.

F.A.A. Corporation (Private) Limited

F.A.A. Corporation (Private) Limited is a sister concern. It has an excellent record of securing huge Government Contracts of Airports, Civil Construction and as well as of military importance, Government servants’ colonies, modern airstrips and other specialized facilities.

The Director and present Young Chairman of the Group, Mr. #REDIRECT Farhan ur Rehman has followed in the foot Steps of his Late Father Haji Fazal-ur-Rehman and he is sparing no effort in elevating the stature of the group. He is working as CEO of the M.Y. Corporation (pvt) Ltd he has taken the commercial activities of the group to new heights. & also serve his light to the appropriate forums such as Chairman Korangi Association of Trade & Industry (KATI) Vice Chairman SMED Director KIA and Conveneer Almi Mushaiera Share Qaid.

1970s, Hasan Associate and Rukunuddin (pvt) Ltd followed the footstep. letter the (PWD), also introduced low-cost housing units, in addition to their regular low-priced apartments. The quality and safety of their units, however, were generally viewed as inferior.

Maymar, another company, entered the market in the late 70s, with residential apartments and housing units that were probably the best ever built, and they were highly successful. As demand for better housing accommodation increased, Maymar moved upmarket, leaving behind the low-cost housing sector.

Construction firms, such as Cellrock and Abidi, entered the industry in the early 1980s to focus on low-cost prefabricated housing units. As the quality of their construction was substandard, these efforts proved unsuccessful, causing serious financial losses.

Companies like cooliobob and Maymar were able to evolve primarily due to the establishment of an institution by the name of Karachi Development Authority. It was entrusted with the task of making new development schemes for the city of Karachi and simultaneously the institution also established a wing by the name of Public Housing Scheme which was entrusted with the task of construction and selling finished housing in shape of flats/houses as the case may be. However since the need for housing was so much in the city that Public Housing Scheme could not have fulfilled on its own. This was the reason the Karachi Development Authority facilitated the builders like Al-Azam and M.Y Corporation with cheap lands to share its burden of providing finished housing to the people- the concept was considered noble and there was no risk of losses. However the chaos started when these cheap lands were distributed by corrupt bureaucrats to non professional builders. These corrupt and non professional builders not only damaged the industry but they also made the survival of companies making good quality housing difficult. On the other hand the Public Housing Scheme which was still succeeding in providing decently priced and decently quality housing to the city was hit hard by the collapse of utility companies who failed to provide them utility connections in time. Thus the last hope of people getting good quality housing with safety of investment also went down with the closure of Public Housing Scheme.

The construction industry began to mushroom towards the end of the '70s. Most of the new companies joined the industry merely to make a quick profit, without regards for the quality and safety of their buildings. Monthly installments were also too costly for most of the general public. As a result of corrupt administrative practices, public confidence in low-cost housing projects suffered after some low-cost buildings collapsed, due to poor construction and thieving of construction materials.

Firms such as Al Azam and M.Y Corporation are nowadays very rare, as most construction firms still preoccupy themselves with traditional outdated modes of construction. As the general public becomes increasingly knowledgeable and affluent, housing and construction are increasingly focusing on high -end and high-quality deluxe housing, where profits are also better. Today, low-cost housing are largely confined to remote city and town areas, and are largely managed by the government.

After the devastating earthquake in Kashmir, many houses, schools and clinics has been destroyed. The demand is huge and has highlighted the fact that globally there is a massive shortage of artisans such as bricklayers. Because of this dilemma more focus is given to building systems such as Moladi who was invited to Pakistan to assist in the reconstruction program.

References

• POETIC LICENCE: Low-cost cities: an innovative new concept for urban development Daily Times (Sunday, November 24, 2002)
• Low-cost housing facility for poors top priority: Governor © 2007 Associated Press of Pakistan

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