Are you debating which area would be best to buy property in Karachi? If you are planning to invest in the real estate market, buying a plot is almost always the most lucrative option. However, you cannot make this decision on a whim without doing proper research. In order to make things easier for you, here’s an analysis of the most popular areas to buy 475 to 525 sq yd plots in Karachi within the price range of PKR 80 lakh and 2 crore.
Top Areas to Buy 475 to 525 Sq Yd Plots in Karachi between PKR 80 Lakh and 2 Crore
These are the top areas with 475 to 525 sq yd plots for sale in Karachi between PKR 8 and 20 million that drew investors’ interest during the first six months of 2019, as per the user behaviour observed on Zameen.com.
As the chart shows, Bahria Town Karachi, DHA City and Bin Qasim Town appeared to be the most popular areas to buy 475 to 525 sq yd residential plots in Karachi between the average prices of PKR 80 lakh and 2 crore. These sought-after housing societies were followed by Korangi, Karachi Golf City, Gadap Town and Gulshan-e-Iqbal Town.
Here’s an overview of the top 3 areas along with the facilities and amenities they offer to their residents.
Bahria Town Karachi
Investing in Bahria Town is a great option for those looking to buy plots in Karachi under PKR 2 crore. The meticulously planned housing society topped the list of most popular areas with 475 to 525 sq yd residential plots for sale in Karachi within the given price range, according to the data compiled in August 2019. Such plots for sale in Bahria Town Karachi cost around PKR 99.85 lakh on average.
Considered a city within a city, this affordable residential society covers an area of more than 44,000 acres. Along with offering modern infrastructure, the gated community also offers world-class amenities to its residents – including schools, hospitals, a zoo, a cinema, a theme park and much more. Furthermore, the mega real estate project boasts its own grid station, which ensures uninterrupted power supply in the society. Its unique location and top-notch security system are among the major facilities that ensure a quality lifestyle in Bahria Town Karachi.
If you are looking to buy 475 to 525 sq yd plots in Bahria Town Karachi between PKR 80 lakh and 2 crore, Precinct 4 and Bahria Hills appear to be the most popular localities for such investments.
The price of 475 to 525 sq yd plots in Bahria Town Precinct 4 starts from PKR 1.15 crore. In terms of location, Precinct 4 is situated near the main gate of the residential society and in the vicinity of the Grand Mosque. Bahria Hills and Bahria Heights are also located nearby.
Some of the markets near the precinct, which is currently under development, include The Green Valley in Precinct 18 and Bilal Departmental Store in the neighbouring Gadap Town. Several schools, mosques and parks along with other facilities are also included in the master plan for Precinct 4.
Similarly, 475 to 525 sq yd plots for sale in Bahria Hills (Precinct 9) are also available at the starting price of PKR 1.15 crore. This highly sought-after locality comprises 500 sq yd plots located on an elevated area with a picturesque hilltop view.
Moreover, the Main Jinnah Avenue, Bahria Town Theme Park, Raiha Cinegold Plex Cinema and Grand Mosque are all situated at a short distance from Bahria Hills, making it an ideal area to buy plots within Bahria Town Karachi. The main entrance is also located just 2 kilometres away from this neighbourhood.
DHA City Karachi
DHA City Karachi is also a popular area to buy 475 to 525 sq yd plots in Karachi within PKR 80 lakh and 2 crore. Located on the outskirts of the city on Super Highway, it is “the first sustainable, smart and green city of Pakistan,” according to its website. On average, you can buy a 475 to 525 sq yd plot in DHA City Karachi for PKR 81.34 lakh, according to the data collected in August 2019.
This housing society is being administered by the Defence Housing Authority (DHA) Karachi. The average prices for residential plots in this area are relatively lower as most of its sectors, except Sector 3, are currently being developed.
DHA City Karachi is spread over an area of approximately 20,000 acres and can provide housing to about a million people. It consists of 16 sectors, which will house educational institutes, residential and commercial zones, educational institutes, parks, healthcare facilities and sports complex. The master plan for the project also includes a sustainable public transportation system to make the commute easier for the residents.
The project is also well-connected to M-9 Motorway. Moreover, once completed, the Malir River Expressway will also link this residential community to the rest of the city, significantly reducing the travel time. As far as the facilities are concerned, DHA City Karachi has set up a 300-watt energy plant for its residents. Not to mention, the project also has a dedicate district known as Knowledge Park that will comprise notable schools and colleges.
If you are looking to buy 475 to 525 sq yd plots in DHA City, Sector 3 and Sector 5 appear to be the best options.
The starting price of 475 to 525 sq yd plots in DHA City Sector 3 is PKR 82 lakh. Owing to its proximity to the main entrance as well as the availability of world-class amenities, Sector 3 is perhaps the most popular locality to buy property in DHA City Karachi. It has been further sub-divided into three blocks, namely Block A, Block B and Block C5, the latter of which is designated for commercial use only.
The residents of Sector 3 enjoy easy access to the Royal Mart located in Block C-5 and Noor Shop near Gadap along with other marts and shops. DHA City Karachi Main Masjid near the entrance and Massat Faraz Masjid in Sector 6 are also located in the vicinity. The City School also has two functional branches in Sector 3 as of right now.
On the other hand, you can buy a 475 to 525 sq yd plot in DHA City Sector 5 for as low as PKR 80 lakh. Although the commercial and residential zones in the sector are currently under construction, its location and facilities have made it a popular choice among investors.
The City School, The Educators and Root International School are located in the vicinity of Sector 5, whereas Royal Mart in Sector 3 and Green Valley Mart in Bahria Town Karachi are also located at a short distance from the community. Those living in the area also enjoy access to Solar Park located between Karachi- Hyderabad Motorway and the National Highway.
Bin Qasim Town
Bin Qasim Town is yet another most popular area to purchase 475 to 525 sq yd plots in Karachi within the budget of PKR 80 lakh and 2 crore. As per the data compiled in August 2019, the average price of 475 to 525 sq yd in Bin Qasim Town is PKR 1.59 crore. It is located adjacent to Port Qasim, the second largest port of Pakistan.
Bin Qasim Town is situated along the Arabian Sea and borders famous localities such as Gadap Town, Landhi Town and Malir Town among others. Some of the most well-known neighbourhoods within Bin Qasim Town include Gulshan-e-Hadeed, Ibrahim Hyderi, Quaidabad, Shah Latif Town and Steel Town. It is one of the 18 union councils of Karachi and houses several commercial industries.
Gulshan-e-Hadeed, one of the most popular localities in Bin Qasim Town, was initially established to accommodate the employees at Pakistan Steel Mills. It is also well-connected to M-9 Motorway via Eastern Bypass.
Shah Latif Town is also a sought-after area to buy property in Bin Qasim Town. This society is spread over an area of 7,500 acres and is surrounded by major industrial areas.
As for buying plots in other areas, the prices of 475 to 525 sq yd plots for sale in Gulshan-e-Iqbal Town are slightly steeper. Since it is one of the most developed residential areas located in the heart of Karachi, the average price for such residential plots in the town is PKR 1.95 crore.
Furthermore, the average price for 475 to 525 sq yd residential plots in Gadap Town, which is considered one of the biggest towns in Karachi, is PKR 1.2 crore. One of the main reasons behind the growing popularity of this area is its prime location and proximity to both Lyari Expressway and Super Highway.
On a side note, if you want to invest in a smaller plot, here are the best areas to buy 215 to 265 sq yd plots in Karachi under PKR 60 lakh.
If you are interested in buying real estate in Karachi, you can also take a look at our H1 2019 Property Market Report for the city.
Stay tuned to Zameen Blog, the best real estate blog in Pakistan, to learn the latest updates about the property market. You can also email us your queries and suggestions at blog@zameen.com.
