1. Soak rice in water for 15 minutes.
2. Heat ghee. Roast almonds and set aside.
3. In the same pan, add rinsed rice and fry for a minute. add 1 cup of water, cardamom, coconut, saffron, cloves and bring the mixture to a boil.
4. Simmer and cover with a lid and cook till the rice is 90% done (approximately 10 minutes).
5. Add sugar and condensed milk and mix everything well and cook for another 2 minutes.
6. Garnish with roasted nuts.

Note: Condensed milk can be replaced with regular milk for a lighter version of this rice.

Courtesy: http://spicesetc.blogspot.com/