Karachi Area Guide
Karachi ranks as the 12th largest city in the world and the largest in Pakistan. The metropolis is the core financial and industrial hub of the country and is home to two major seaports, namely the Port of Karachi and Port Bin Qasim. Karachi rose to prominence with the arrival of the British East India Company (EIC), which transformed the city into a center of trade. As an ever-growing economic hub, Karachi generates almost 20% of the country’s GDP. The megacity hosts an estimated 90% of the headquarters of multinational corporations operating in the country, and the Pakistan Stock Exchange and the headquarters of most of the country’s private and public banks are also located here. Apart from this, Karachi has witnessed a significant presence of the media industry networks such as ARY Digital, CNBC Pakistan, GEO TV, and Sindh TV.
As the most populous city of the country, Karachi is home to people belonging to a diverse range of ethnicities. The metropolitan area offers a mesmerising view of the sea and high-rise buildings. Karachi offers a golden opportunity for people in search of better future prospects in a diverse range of industries. The industrial hub is home to several of the largest companies dealing in steel, cement, heavy machinery, and chemicals. Additionally, the megacity features many highly developed residential communities such as DHA Defence, GADAP Town, Gulistan-e-Jauhar, and Bahria Town Karachi.
What are the facilities & amenities offered by Karachi?
Karachi is divided into 7 District Municipal Corporations (DMCs) — namely Malir, Korangi, Cantonments, and Karachi South, East, West, and Central. Karachi’s major road networks are served by signal-free corridors, which allows a smooth flow of traffic without the need to stop. The M-9 Motorway, connecting Karachi and Hyderabad, is a part of a much larger road network called the China-Pakistan Economic Corridor (CPEC). Moreover, the Lyari Expressway is designed as a controlled-access highway to relieve traffic congestion within the city. Pakistan Railway links Karachi with the rest of the country. The existing railway network is being upgraded allowing high average speeds, which are not currently possible on existing tracks. Public transport mechanisms are essential for any metropolitan area of the world. The Metrobus is a bus rapid transit system that is fully operational in the city. Karachi Circular Railway is a public transit system that connects the city center with several commercial districts, industrial districts, and outlying suburbs.
Karachi hosts several of the most reputable educational institutions in the country. These prestigious schools include St. Patrick’s High School and St. Joseph’s Convent School. The metropolitan area has the presence of many higher educational institutions such as the University of Karachi and the Institute of Business Administration (IBA) which are at par with international educational standards. As the center of research in biomedicine in the country, Karachi hosts over 30 public hospitals and 80 private registered hospitals. The metropolis also stays ahead of its time when it comes to entertainment and arts. Karachi has set a trend for the rest of the country to construct high-rise buildings like the Dolmen Mall and Bahria Icon Tower Clifton.
What are the lifestyle facilities offered by Karachi?
There are a number of popular shopping malls in the city. One such mall, Lucky One Mall is the largest shopping mall in South Asia and it offers a diverse range of products and services. For those interested in history, this extraordinary city hosts several of the most important museums in the country such as the National Museum of Pakistan and the Pakistan Maritime Museum. As a home of theatre and cinema, the National Academy of Performing Arts offers diplomas in contemporary theatre and classical music. On the same note, the Bambino Cinema and Capri Cinema are the most visited movie theatres in the city. The metropolis has been a tourist destination for decades. Numerous recreational parks and the above-mentioned museums are the most visited tourist attractions for domestic and international tourists.
Karachi boasts its mesmerising architecture via the Sindh Wildlife Conservation Building and the Gymkhana Club. The city has held a significant presence and distinction in sports. It is said that the rules of badminton were set in place in this exquisite city.
Why invest in Properties for sale in Karachi?
Most people of Karachi prefer to reside in flats as it is the trend in most major cities of the world. The factors that influence this decision are the affordability, security, extra facilities offered by apartment complexes. The most sought-after flats in Karachi are 3-bedroom apartments in DHA Defence, Gulistan-e-Jauhar, and Gulshan-e-Iqbal. A 3-bedroom flat for sale in DHA Defence has a starting price of PKR 75 lakh and can go as high as PKR 15 crore. The metropolis readily offers 5 Marla, 10 Marla, 1 Kanal, and 2 Kanal houses available for sale. Among these, the houses spanning over an area of 1 Kanal are the most desirable in the city. This house for sale in Bahria Town can cost you anywhere from PKR 1.7 crore to PKR 6.7 crore.
As Karachi is a national economic hub, commercial properties such as offices and shops are very popular here. Shops and offices in the heart of the city are perfect for a diverse range of businesses. Commercial properties in Karachi have always had a trend of increasing in value. These commercial properties offer a golden opportunity for venture capitalists to invest here and gain a high return on their investment (ROIs). Bahria Town and DHA Defence are the most searched localities by investors who are seeking shops, offices, and commercial plots. In a nutshell, the scenic beaches, high-rise buildings, and lively culture attract people from all socio-economic segments of society to make Karachi their hometown.