In the past few years, Karachi’s real estate market has seen great changes. The demand for land investments in Karachi has increased exponentially and dozens of projects are being launched almost every year.
Scheme 33, commonly known as Gulzar-e-Hijri, is a case in point. This housing scheme was conceived in early 70s. However, due to a series of disputes between local government bodies, the development work in the area had stalled for nearly 33 years. It was after 2004, construction in Gulzar-e-Hijri officially began. Over a decade later, investing in plots in Scheme 33 is becoming popular as this society is home to a number of mixed-use housing projects; one of these is the Federal Government Employees Housing Foundation. It is located close to the Karachi-Hyderabad Motorway. The neighbourhood is surrounded by PCSIR Society, Gulshan Society, and Quetta Town. Properties for sale in Federal Government Employees Housing Foundation can also be bought by regular investors, i.e. who are not federal government employees.
Federal Government Employees Housing Foundation has a limited variety of plots available up for sale for the general public. 120, 240, as well as 500 sq. yd are the available sizes in the area. Of these, 120 sq. yd. plots are suitable for people looking to build a house to accommodate a small family. On the other hand, 240 and 500 sq. yd. lots are appropriate for building larger units. Even from an investment point of view, the Federal Government Employees Housing Foundation is known for providing reasonable returns.
Federal Government Employees Housing Foundation has an ideal location as it is connected to Gulistan-e-Jauhar on one side and Super Highway on the other. So, prices are generally high. 120 sq. yd. plots range from PKR 50 to PKR 60 lakh. For 240 sq. yd, the prices are somewhere between PKR 75 lakh and PKR 1 crore. Lastly, in the 500 sq. yd. category, prices start at PKR 90 lakh and go as high as PKR 2.25 crore.
The areas around the Federal Government Employees Housing Foundation are still developing. So, the nearest schools can be found on SUPARCO Road. These include Preston Grammar School, Ideal Grammar School & College, Government Girls Secondary School, and Indus School System. Other than schools, Dow International Medical College, the University of Karachi, NED University, and the Institute of Business Administration (aka IBA) can also be accessed within 15 to 20 minutes from Federal Government Employees Housing Foundation. As far as hospitals are concerned, Al Rehman Medical Centre, Kiran Hospital, ZMT Clinic, Hamza Medical Centre, and Shaikh Medical Centre are the closest healthcare facilities to the neighbourhood.
The Federal Government Employees Housing Foundation is equipped with gas, water, and electricity lines so that properties can be built as per the owner’s convenience. It is also bounded by a wall, which ensures better security. Plus, there are several check posts for extra vigilance.
You can easily find independent shops for groceries, electronics, stationery, auto parts, and other necessities here. Furthermore, you’ll find a number of good restaurants in the areas near the Federal Government Employees Housing Foundation, like Shaheen Shinwari Restaurant, Metro Highway Restaurant and Café Saen. These are not to be missed. You can tuck into some of Karachi’s best BBQ items at Desi Tadka Restaurant.
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