Karachi is a land of many opportunities—after all, it is the city that never sleeps. Widely regarded as the economic engine of Pakistan, the city is home to more than 14 million people. The capital helps industries and commercial sectors of all types and sizes to develop and expand. Real estate, however, reigns supreme. Here are just a few of the many benefits of buying a property in Karachi.
Benefits of Buying a Property in Karachi
Investing in a plot or a house in Karachi has several advantages. From ease of access to beach houses to availability of affordable apartments, the property market of the city boasts an excellent mix of residential, commercial and mixed-use units.
So, without further ado, let’s take a look at the benefits of buying a property in Karachi:
- Excellent Return on Investment (ROI)
- How about a Beach House in Karachi?
- Easy Access to Air, Water, and Land Transport
- Employment Opportunities
- Top-Notch Facilities and Amenities
- No More Renting Motels or Hotels
- Tourist Destinations are Situated Nearby
Excellent Return on Investment (ROI)
There are many benefits of property investment in Karachi and excellent return on investment is the most important of all. After all, it is an economic hub as well as the largest city of the country.
Remember, when it comes to property investment in Karachi there are two main ways of enjoying ROI:
- You can earn money by renting out the property for commercial or residential use [as decided by the zoning laws of the area].
- You can use the property for living and sell it for profit only if the actual value of property in Karachi increases.
Of course, there are several factors to consider if you want to enjoy the maximum return on your Karachi property investment. Here at Zameen.com, we aim to share our knowledge and answer some of the important questions that you may have about real estate investment in Pakistan. If at any point you feel like you need some more information, please do not hesitate to get in touch with us through our Facebook page and email address mentioned at the end of this post.
Beach House is a Possibility in Karachi
Karachi is a coastal city and many housing schemes are present along the coastline of the city, including DHA Defence, Clifton, and Korangi Industrial Area. Some areas like Lucknow Society, Allahwala Town and Mehran Town are also located near the beach. Meanwhile, the development work for other housing schemes such as ARY Laguna is underway.
Moreover, buying a beach house in Karachi is ideal for individuals who want to enjoy recurring profits from their property and are looking for a reliable income stream. Many real estate buyers in the city purchase property near the beach and subsequently give up their property for rent during peak holiday season. Beach houses in Karachi provide access to delightful vacation spots; you can find many of such properties near the coastline of Hawks Bay, Keamari Beach, French Beach and many other popular beaches in Karachi.
On a side note, these beach rental huts in Karachi are also a perfect summer getaway if you’re in the city.
Easy Access to Air, Water, and Land Transport
One of the greatest benefits of property investment in Karachi is accessibility.
It is quite natural for a visitor to feel intimidated by the size and scale of the City of Lights. However, as soon as you start engaging with the city Karachi and become used to the fast-paced life of the city, you feel more at ease. You will find that Karachi is a fun place to be in, while the abundance of different modes of transportation can help make life very easy.
Private cars, rentals, rickshaws, busses, airport, and railway stations have made the commute in Karachi quite easy and convenient. In addition, different app-based hailing services offer “pay as you go” services. From motorcycles and rickshaws to luxurious cars, these apps offer several options which enable the passengers to travel across the city in a matter of minutes.
Employment Opportunities
Karachi is known as the commercial capital of Pakistan for a reason. Since it is an important port city in South Asia, it is an important hub for both national and international traders. Plus, it houses a large number of huge shopping malls, local markets, trade centres, companies and industries that provide unlimited employment opportunities.
In addition, the two major seaports of Pakistan, Karachi Port and Port Qasim, are also situated within the limits of the city. Meanwhile, Gwadar Port and Keti Bunder Seaport projects are located extremely close to the coastal areas of the city.
So, it wouldn’t be wrong to say that employment and trade opportunities are two of the key benefits of buying a property for sale in Karachi.
Top-Notch Facilities and Amenities
Whether you are planning to buy a plot in Karachi or looking for a property for rent in Karachi, you’ll find almost all real estate options come with a wide range of facilities and amenities.
Karachi is often described as a haven for individuals looking for an affordable residence in Pakistan. What’s more, these places come with ease of access to employment and trade, daily life essentials, transportation, and much more. On the other hand, if money is not a concern and you want to live in a central location, then the City of Lights has a plethora of options for you in the city centre.
Retail markets, grocery marts, shopping centres, hospitals, educational institutions and academies, vocational centres, fitness centres, salons, mass transit, and recreational facilities are all found in almost every corner of the city.
No More Renting Motels or Hotels
Buying property for sale in Karachi can help you avoid unnecessary expenditures. In fact, it can help you make more money!
So, if you’re not a local resident but have to frequently travel to the city, buying a property in Karachi can be a good option as you won’t have to spend money on temporary residences like guesthouses, motels, or hotels. Moreover, when you’re not in the city, you can even rent your property.
Tourist Destinations are Situated Nearby
While Karachi is commonly viewed as a concrete jungle with a myriad of apartments, plazas, and skyscrapers, the city has a great number of natural sights, gardens, woodlands, resorts, and beaches. The City of Lights is brimming with spots that are ideal for leisure as well as fitness.
One of the key benefits of property investment in Karachi is easy access to several tourist destinations out of the city. Whether it is about finding less-explored islands, mangrove forests, or highway restaurants, the city is never too far from such spots. Some of the nearest tourist destinations are Kirthar National Park and Bhanbhore. Not to mention, the gems of Balochistan including Moola Chotok, and Kanrach are also situated quite close to Karachi.
Still confused if this city is right for you or not? Here are some more reasons why this megalopolis deserves your attention:
- Karachi is home to Pakistan’s top universities. You can find some of the best medical, engineering, and business universities in every corner of the city.
- The city is a focal point for international transport. Jinnah International Airport caters to more than 7 million passengers annually travelling to and from destinations from all over the globe.
So, this is where we end the blog by summarising the information. We have listed the benefits of buying a property in Karachi including the opportunities, facilities, and unique features of the city. Before we sign-off, we would like to mention a few more things.
As far as the property investment in Karachi is concerned, the process, as is the case with almost every other financial investment, comes with both perks and risks. Property rates, taxes, rental demand, maintenance, and other such factors must be considered as a medium to long-term investment strategy. Also, it is extremely necessary that you invest in the city with a plan for the future and you must be aware of associated costs and tax implications, especially if you are considering to completely move with your family.
Meanwhile, if you are planning to invest in the real estate market of Karachi, take a look at the following projects:
Furthermore, if you want to find out more about other developments in different parts of Pakistan, check out our posts on important projects in Sindh and Punjab that aim to boost tourism, trade, and living in the country.
Got any questions or suggestions? Write to us at blog@zameen.com.
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