Being adjacent to at least seven other towns within Karachi, Korangi offers a mix of residential real estate options for buyers. The town also has 13 smaller divisions within it, each with its range of properties on offer. Korangi also has a very prominent industrial area where offices of multinational corporations, textile mills, as well as factories and warehouses of pharmaceuticals and FMGCs are located. The area is accessible via several bridges that connect it to mainland Karachi across the Malir River.
Life in a busy city offers a lot of entertainment and activity, but it also brings about certain changes in lifestyle, especially for those who are new to urban living. Karachi has seen a lot of development in recent years and Korangi is no different. Investors can find 1, 2, 3 as well as 4-bed flats here with ease in a range of neighbourhoods. Flats here can be found in Allahwala Town, P & T Housing Society, Korangi - Sector 31-G, Lucknow Society and other areas.
The size of the flat will generally determine its price, but other factors like the facilities offered within a residential complex and the floor on which the flat is located will also affect its selling rate. While a 1-bed flat can be sold for PKR 12.25 to 25 lakh, a 2-bedroom apartment in Korangi can be on the market for PKR 12 to 50 lakh. A 3-bedroom flat can be bought for PKR 22 to 60 lakh. A larger apartment containing 4 bedrooms might cost you PKR 25.5 to 36 lakh.
Millat Secondary School, New Vision Public School and Mehran Public School are some of the schools located around Korangi, whereas, intermediate education can be attained here from Korangi # 4 Girls College and Korangi # 6 Boys Degree College. DHA Suffa University, Karachi Institute of Technology and Entrepreneurship and PAF-KIET are three of the many universities located nearby. For medical emergencies, Al Shaikh Medical Centre and PNS Shifa Hospital are the facilities in the surroundings that can cater to your needs.
While the police have been very vigilant with regards to crime in the area, residents are advised to install their own measures of security, such as hiring security guards, setting up cameras and intercom systems, placing grills on windows and more. All of this is even more important for flat living, as this ensures that nobody enters the premises of your building without your knowledge. For outdoor entertainment, Korangi is home to several small parks such as Aqsa Park and Modil Park.
Al Karim Shopping Centre, located in nearby Landhi Town, is perfect for a quick shopping spree while longer trips can be enjoyed at Ocean Mall after travelling a considerable distance from Korangi. Imtiaz Super Market built near the EMB Causeway is also the ideal hub for all your grocery shopping at affordable rates. Locally, Maria Medical Store is one of the many stores that provide over the counter medications to the residents, while Mujtaba Electric Store can cater to your needs if the lights in your house suddenly blow a fuse and need to be replaced urgently.
Buying a property of their own is a choice of many Karachiites. Flat living, in particular, is preferred in this busy metropolis with high rise developments changing the skyline of the city. While Korangi’s affordable real estate makes it the choice of many people who have recently moved to Karachi from interior Sindh, people who work in the area surrounding Khayaban-e-Ittehad will also be at an advantage if they are living within Korangi, as it offers a shorter commute.
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