Friday, June 12, 2009

Bangla book for children bed time story

Yesterday I picked a book from my bookshelf and read it to my 4 and 3 year old children as bed time stories. This one Bangla and the short story called “Didi O Picklo”. Very nice touchy story of pet dog named Picklo.

I did not like the language and the tone of the story. It was poor, mean, and morally weak with stereotype. I don’t want to profile the writer; however there are events and things that do not go with the culture that we have and we value in the west, I mean in Bangladesh.

No offence to English speaking people of England and USA; however they do speak different English; Culture unquestionably different, similar capitalism but one invade the world with Tea and the other with Coffee. So do Bangladesh and India, I mean east Bengal.

I was reading “Dora”, “Diago”, even dinosaur, animal stories in English and I though why not try some Bangla. I would really love to get some reference on good Bangla children books. It does not have to teach big virtue, a simple nature, basic science stories or math stories or having fun tour, adventure stories could be just fine. Or am I expecting too much? Patriots, please no hard feelings!

Saturday, June 6, 2009

More fools expectation ..

Out of approximately 300K applicant paid thousands of dollar as security deposit and willing to buy a piece of land for one’s own place which he/she will call home, not even 10% will get the product. You guessed right, yes, I am talking about RAJUK plots.

The vast majority of the pursuant, more then 90%, will be rejected. Although they have the money and will; although they are ready to invest in the housing industry, they will have no opportunity to do so. In the mean time RAJUK will have thousands of corers Taka of the applicants’ money in RAJUK’s bank.

This money will accrue interest; however applicant will not get a penny of those. I hope RAJUK will not take years to announce the winners and returns the deposits of the unlucky ones; however, I have a proposal of being agile, nimble and execute on scale. This part of my dream big.

While customers are waiting, can we be agile and multiply the scale of the project to ten fold. Can we build a modern model city? I know the real estate in Dubai in the decline and in USA it is hitting nowhere but bottom.
But in nowhere there are so many customers eager to buy.

Hence can we deliver a piece of RAJUK plot to all the applicants? Let’s act quickly and make it happen. We are the same breed of people who architected SEARS Tower, versioned the impossible, when others are doubtful.

People are waiting with money in their hands, funding is no issue here. What you say Buetians? Can Buet engineers architect, design, build such a city in Dhaka to meet customer demand and solve some housing need of the nation?

Thursday, June 4, 2009

A fools expectation from RAJUK

Let’s face it, you never turn down a buyer; not especially during the global economic down turn that we are in right now. People who are in private sector, like export oriented garment industry knows how hard they try to keep the LC valid and deliver the product; however if you are in a bureaucratic non transparent organization than you don’t have any motivation to do that; because you job is secure and your benefits is not tied with your performance or productivity.

For example, you all Bangladeshi expatriates probably heard and most of you participated in recent offerings of RAJUK for the UTTRA or PURBACHOL plots. Most of us don’t feel comfortable with the private sector offerings due to their failure to build trustworthy business dealings. Although government run companies does not do a better job; however we kind of feel that our money will be safe in their hands regardless they deliver the product or not.

With the overwhelming response from the people of Bangladeshi origin all over the world, especially middle east, America and Europe, in my estimate there could be as many as 300,000 (three hundred thousands) applicants applied with security deposits of thousands of dollar per applicants. Let me do a simple math:

Number of applicant 3,00,000
Prospectus fee collected = 300,000x1000 (30 Corer Taka) or 300,000xUSD$20 (6 million dollars)
Security deposit collected between
In USD $585 Million= (1500x0.5+2000x0.3+2500x0.1+3500x0.1)x300,000 or
In Bangladesh Taka 30750 Million Taka= (75Kx0.5+100Kx0.3+150Kx0.1+200Kx0.1)x300,000

For my estimation I used a simplified conservative formula, where I assume the following:
a. 50% applied for 3 khatha plots with USD$1500 or 75,000/= Taka (or a mix of these)
b. 30% applied for 5 khatha plots with USD$2000 or 1,00,000/=Taka (or a mix of these)
c. 10% applied for 7.5 khatha plots with USD$2500 or 1,50,000/= Taka (or a mix of these)
d. 10% applied for 10 khata plots with USD$3500 or 2,00,000/=Taka (or a mix of these)

Hence at a minimum RAJUK may collect 3075 Corer taka just from the applicants. If all were collected in USD than the amount could be 4007 Crore Taka. I am not suggesting that Rajuk got that amount of money; but to get some idea we could use the above assumptions and conclude that the amount of revenue collection from the applicants may be 3 to 4 thousands corer taka.

Keep in mind that this huge amount of money collected without even disclosing the price of per khatha of the land. See the enormous hunger of the Bangladeshi people for a piece of land that they could one day build a house. See how much they are willing to give up not even knowing the price of the product they will get.

Where are those sells technique that you learn in your MBA’s from Business Schools? You did not applied any of those; however a huge number of people willing to buy.

Alas RAJUK, I wish you could make more products to satisfy all those applicants! In this global economy nobody has that many customers ready with cash in their hand for a product!