Home » Real Estate Trends » Investing in Gulshan-e-Iqbal vs North Nazimabad, Karachi
IN THIS POST
– Features and Amenities
– Average Property Prices
– Best Areas to Buy Property
When it comes to making a real estate investment in Karachi, most buyers prefer buying a property in residential schemes located in the heart of the city. These housing societies are not only well-planned and fully-developed but also offer a wide range of investment options. In this regard, Gulshan-e-Iqbal and North Nazimabad stand out as two of the most popular residential areas in the city of lights, boasting ideal location, availability of all civic amenities and much more. However, since researching these areas on your own can be a little time consuming, we have put together an in-depth comparative analysis detailing the facilities, average property prices, and best blocks to buy property in Gulshan-e-Iqbal vs North Nazimabad, Karachi.
Whether you are looking to buy a flat, plot or a home, investing in these neighbourhoods is considered a popular option. Moreover, some of the top commercial areas, educational institutes, healthcare facilities, food streets, and recreational spots in Karachi are also situated in Gulshan-e-Iqbal and North Nazimabad. In addition to that, a large number of residents in these areas belong to working-class and salaried groups, which means you can easily find affordable property options in these residential schemes. However, it is also important to mention that several blocks of Gulshan-e-Iqbal and North Nazimabad also feature upscale investment options.
Features and Amenities in Gulshan-e-Iqbal vs North Nazimabad, Karachi
Before we discuss the best block to buy property in Gulshan-e-Iqbal vs North Nazimabad, here is a quick overview of the features that make these housing societies so popular among the masses.
Both of these areas are quite similar to each other in terms of their diverse population, planning and development, and access to major road networks, among others.
Facilities in Gulshan-e-Iqbal, Karachi
Owing to its status as one of the largest and most well-developed urban areas in Karachi, buying property in Gulshan-e-Iqbal has always been an ideal choice for most residents of the city. It is located in Karachi East District and consists of Block 1 to 19, some of which are subdivided into smaller blocks. Gulshan-e-Iqbal is also home to several prominent government buildings, hospitals and clinics, schools and universities, markets and shopping malls, community and amusement parks, restaurants and cafes, sports ground, recreational spots, and much more. Moreover, it falls under the administration of the City District Government of Karachi (CDGK).
As far as its location is concerned, Gulshan-e-Iqbal neighbours some of the most sought-after housing societies in Karachi. This includes Gulistan-e-Jauhar, Federal B Area, Gulberg Town, Liaquatabad Town, Karsaz and Bahadurabad. In addition to that, Gulshan-e-Iqbal is only a few minutes drive from the Jinnah International Airport in Karachi.
Some of the most popular landmarks in Gulshan-e-Iqbal include Karachi Expo Centre, Civic Centre, Federal Urdu University, Sir Syed University of Engineering and Technology, Aladin Park, Sindbad Amusement Park, and Safari Park, among others. Moreover, the National Stadium of Karachi, PAF Faisal Base, Pakistan Maritime Museum, Lucky One Mall, University of Karachi, NED University of Engineering, UBL Sports Complex, Liaquat National Hospital and Aga Khan University Hospital are located in the vicinity of Gulshan-e-Iqbal.
Let’s take a look at some of the most noteworthy facilities in Gulshan-e-Iqbal that make it one of the best places to buy property in Karachi.
- Urban infrastructure
- A wide network of roads and bridges
- Availability of all civic amenities
- Accessibility to public transportation
- Reputable educational institutes
- Renowned and fully-equipped hospitals
- Superstores, retail outlets and commercial zones
- Community parks, sports grounds and recreational spots
Facilities in North Nazimabad, Karachi
Located in Karachi Central District, North Nazimabad Township consists of 20 blocks ranging from A to U. It is an ideal neighbourhood to invest in the City of Lights, as it offers its residents all the latest amenities and facilities required for a quality lifestyle. The housing options in North Nazimabad range from affordable to upscale, which means you can find an apartment, plot or a house to your liking in this area regardless of your budget. The housing society is also home to some of the most popular commercial areas, shopping malls, schools and colleges, libraries, healthcare facilities, parks, playgrounds and food streets in Karachi.
If you are interested in buying property in North Nazimabad, it is located on the edge of Sher Shah Suri Road. It neighbours the densely populated residential schemes of Buffer Zone, Nazimabad, Gulberg Town, Federal B Area, and Orangi Town. Shadman Town and Allama Iqbal Town are also just a short drive from this neighbourhood.
Some of the most popular landmarks in North Nazimabad include NADRA Mega Centre, Jami Masjid Farooq-e-Azam, Asghar Ali Shah Cricket Stadium, KDA Cricket Ground, Dolmen Mall Hyderi, Hyderi Super Mart, Saima Pari Mall, Imam Clinic, and Lifeline Hospital. Furthermore, Lucky One Mall, Aga Khan University Hospital, and Liaquat National Hospital are located near North Nazimabad.
Here are some of the other important facilities in North Nazimabad Township that you should know about.
- Access to major road networks in Karachi
- Availability of all basic utilities
- Readily available public transportation
- Campuses of reputable schools
- Renowned hospitals and clinics
- Well-maintained parks and sports grounds
- Dedicated food street
- Popular shopping malls and supermarkets
Average Property Prices in Gulshan-e-Iqbal Vs North Nazimabad, Karachi
Here are the average prices of property for sale in Gulshan-e-Iqbal vs North Nazimabad, Karachi.
As per the table above, property prices in North Nazimabad and Gulshan-e-Iqbal are mostly alike. However, for the sake of convenience, we’ll further elaborate this data.
Let’s start with the average prices of flats for sale in Gulshan-e-Iqbal:
- The 1-bedroom flats for sale in Gulshan-e-Iqbal have the price tag of PKR 37.92 lakh on average. The price of 1-bed apartments in the neighbourhood is relatively steep due to high demand and low availability of such units
- You can buy a 2-bed flat in the residential scheme for the average price of PKR 74.1 lakh
- On average, the 3-bed apartments for sale in Gulshan-e-Iqbal cost PKR 1.29 crore
If you are looking to own plots in Gulshan-e-Iqbal, Karachi, here’s what you need to know:
- The price of 120-130 sq yd plots for sale in Gulshan-e-Iqbal is averaged at PKR 1.26 crore
- Since the area is well-developed, the number of 120-130 sq yd residential plots available for sale is rather low, resulting in the higher sales price.
- Buying 240-250 sq yd plots in the area will require an investment of PKR 2.8 crore on average
- The average cost of buying 490-500 sq yd plots for sale in Gulshan is PKR 5.49 crore.
- Investing in 990-1000 sq yd plots in Gulshan-e-Iqbal will cost about PKR 12.32 crore on average
For those interested in buying houses in Gulshan-e-Iqbal, Karachi, the property prices are as under:
- The 120-130 sq yd houses for sale in Gulshan-e-Iqbal come with a price tag of PKR 2.27 crore on average
- Buying a 240-250 sq yd houses in the housing society will require a sum of PKR 3.88 crore on average
- The price of 490-500 sq yd houses for sale in Gulshan-e-Iqbal is averaged at PKR 7.39 crore
- Investing in 990-1000 sq yd houses in the sprawling neighbourhood will cost you an average price of PKR 13.5 crore
Moving on, here are the average prices of flats for sale in North Nazimabad, Karachi:
- You can purchase 1-bed apartments in the neighbourhood for the average price of PKR 19.12 lakh
- The 2-bedroom flats for sale in North Nazimabad require an investment of PKR 71.85 lakh on average
- The price of 3-bed apartments in the area is averaged at PKR 1.27 crore
If you want to buy a plot in North Nazimabad, Karachi, here are the prices you must know about:
- Buying 120-130 sq yd plots in the housing scheme cost PKR 60.79 on average
- The 240-250 sq yd plots for sale in North Nazimabad bear the average price tag of PKR 2.19 crore
- On average, buying the 490-500 sq yd plots in the residential scheme requires an investment of PKR 5.63 crore
Last but not least, the prices for ready-to-move houses in North Nazimabad are as follows:
- You can buy a 120-130 sq yd house in North Nazimabad for PKR 1.70 crore on average
- The price of 240-250 sq yd houses for sale in the township is averaged at PKR 3.23 crore
- The 490-500 sq yd houses for sale in North Nazimabad cost an average of PKR 7.33 crore
- Purchasing a 990-1000 sq yd house in North Nazimabad, Karachi will require a sum of PKR 11.32 crore on average
Best Areas to Buy Property in Gulshan-e-Iqbal and North Nazimabad, Karachi
If you are confused between investing in Gulshan-e-Iqbal and buying property in North Nazimabad, our overview of the most popular blocks in each area can help you make an informed decision.
Flats
These are the best blocks with flats for sale in Gulshan-e-Iqbal.
Area | 2-Bedroom Flats | 3-Bedroom Flats |
Gulshan-e-Iqbal Block 13/D | PKR 8,925,000 | PKR 12,081,983 |
Gulshan-e-Iqbal Block 13/D-2 | PKR 7,047,000 | PKR 11,571,726 |
Gulshan-e-Iqbal Block 13/D-1 | PKR 7,142,000 | PKR 13,243,182 |
Gulshan-e-Iqbal Block 13/D-3 | PKR 6,867,000 | N/A |
Gulshan-e-Iqbal Block 13 | PKR 7,365,000 | N/A |
Gulshan-e-Iqbal Block 10-A | N/A | PKR 16,276,531 |
Gulshan-e-Iqbal Block 16 | N/A | PKR 15,658,250 |
It appears that Blocks 13/D, 12/D-2 and 13/D-1 are the most popular areas to buy 2 and 3-bedroom flats in Gulshan-e-Iqbal, Karachi, according to the user behaviour observed on Zameen.com – the top property portal in Pakistan. Meanwhile, Blocks 13/D-3 and 13 are the top areas with 3-bed flats for sale, whereas Blocks 10-A and 16 take the lead for 3-bedroom apartments in the neighbourhood.
To learn more, don’t forget to check out our guide on top areas to buy property in Gulshan-e-Iqbal, Karachi.
Next, here are the most sought-after blocks with flats for sale in North Nazimabad, Karachi.
Area | 2-Bedroom Flats | 3-Bedroom Flats |
North Nazimabad – Block H | PKR 8,559,000 | PKR 13,855,000 |
North Nazimabad – Block M | PKR 6,536,000 | N/A |
North Nazimabad – Block K | PKR 5,659,000 | N/A |
North Nazimabad – Block L | PKR 7,680,000 | N/A |
North Nazimabad – Block B | PKR 9,072,000 | PKR 16,292,000 |
North Nazimabad – Block F | N/A | PKR 16,063,000 |
North Nazimabad – Block A | N/A | PKR 11,693,000 |
North Nazimabad – Block G | N/A | PKR 10,276,000 |
As the table shows, Blocks B and H in North Nazimabad are considered the top choices for buying 2-bed and 3-bed apartments. Other than that, Blocks K, L and M are popular for 2-bed flats in the area, whereas Blocks A, F and G appear to be the best localities with 3-bed flats for sale in North Nazimabad, Karachi.
You can find out more about top blocks to invest in North Nazimabad in our detailed guide on the topic.
Plots
Here are the most sought-after blocks with residential plots for sale in Gulshan-e-Iqbal.
Area | 240-250 sq yd Plots | 490-500 sq yd Plots | 990-1000 sq yd Plots |
Gulshan-e-Iqbal Block 10-A | PKR 24,882,000 | N/A | N/A |
Gulshan-e-Iqbal Block 3 | PKR 32,563,000 | N/A | N/A |
Gulshan-e-Iqbal Block 5 | PKR 34,167,000 | N/A | N/A |
Gulshan-e-Iqbal Block 4 | N/A | PKR 52,593,000 | N/A |
Gulshan-e-Iqbal Block 7 | N/A | PKR 60,400,000 | PKR 125,000,000 |
As per the user data from Zameen.com, Blocks 10-A, 3 and 5 are highly popular among those looking to buy 240-250 sq yd plots in the neighbourhood. Moreover, Block 4 takes the lead for plots of 490-500 sq yd in the area. Also, Block 7 appears to be a popular option to invest in 490-500 sq yd as well as 990-1000 sq yd plots in Gulshan-e-Iqbal.
Let’s take a look at the most popular localities with plots for sale in North Nazimabad, Karachi.
Area | 240-250 sq yd Plots | 490-500 sq yd Plots |
North Nazimabad – Block B | N/A | PKR 56,308,000 |
Shadman | PKR 22,519,000 | N/A |
If you want to buy plots in North Nazimabad, Shadman Town appears to be the most-searched area with 240-250 sq plots for sale in the area. Meanwhile, Block B is popular among those seeking to invest in 490-500 sq yd plots.
Houses
These are the top areas with houses for sale in Gulshan-e-Iqbal, Karachi.
Area | 120-130 sq yd Houses | 240-250 sq yd Houses | 490-500 sq yd Houses | 990-1000 sq yd Houses |
Gulshan-e-Iqbal Block 10-A | PKR 20,827,000 | N/A | N/A | N/A |
Gulshan-e-Iqbal Block 6 | PKR 23,746,000 | N/A | N/A | N/A |
Gulshan-e-Iqbal Block 10 | PKR 26,234,000 | N/A | N/A | N/A |
Gulshan-e-Iqbal Block 13/D-1 | PKR 23,609,000 | N/A | N/A | N/A |
Gulshan-e-Iqbal Block 2 | PKR 20,792,000 | PKR 39,132,000 | N/A | N/A |
Gulshan-e-Iqbal Block 5 | N/A | PKR 39,949,000 | N/A | N/A |
Gulshan-e-Iqbal Block 3 | N/A | PKR 42,945,000 | N/A | N/A |
Gulshan-e-Iqbal Block 11 | N/A | PKR 33,352,000 | N/A | N/A |
Gulshan-e-Iqbal Block 1 | N/A | PKR 33,409,000 | N/A | N/A |
Gulshan-e-Iqbal Block 7 | N/A | N/A | PKR 72,808,000 | PKR 119,850,000 |
Gulshan-e-Iqbal Block 4 | N/A | N/A | PKR 71,145,000 | PKR 120,833,000 |
Gulshan-e-Iqbal Block 9 | N/A | N/A | PKR 84,000,000 | PKR 155,000,000 |
The table above shows that Blocks 10-A, 6, 10 and 13/D-1 are the most-searched areas with 120-130 sq yd houses for sale in Gulshan-e-Iqbal. In addition to that, Gulshan Block 2 takes the lead for both 120-130 sq yd and 240-250 sq yd houses in the area. Blocks 5, 3, 11 and 1 appear to be top localities featuring 240-250 sq yd houses.
Meanwhile, those looking for 490-500 sq yd and 990-1000 sq yd houses for sale in Gulshan-e-Iqbal have shown interest in Blocks 7, 4 and 9.
Moving on, these are the most sought-after blocks to buy ready-to-move houses in North Nazimabad Township.
Area | 120-130 sq yd Houses | 240-250 sq yd Houses | 490-500 sq yd Houses | 990-1000 sq yd Houses |
North Nazimabad – Block B | PKR 11,783,000 | PKR 36,950,000 | PKR 69,510,000 | PKR 104,867,000 |
North Nazimabad – Block F | N/A | N/A | PKR 80,297,000 | PKR 131,395,000 |
North Nazimabad – Block H | PKR 14,900,000 | PKR 35,341,000 | N/A | N/A |
North Nazimabad – Block I | N/A | N/A | N/A | N/A |
North Nazimabad – Block J | N/A | N/A | N/A | PKR 114,285,000 |
North Nazimabad – Block L | N/A | PKR 37,590,000 | N/A | PKR 126,296,000 |
North Nazimabad – Block N | N/A | PKR 26,562,000 | PKR 46,111,000 | PKR 104,457,000 |
Shadman | PKR 17,890,000 | PKR 28,633,000 | N/A | N/A |
According to the user behaviour on Zameen.com, Block H and Shadman Town take the lead for top areas with 120-130 sq yd houses in North Nazimabad. If you want to buy 240-250 sq yd houses, Blocks H, L, and Shadman Town appear to be the most sought-after areas with such units. Block F is popular among those interested in buying 490-500 sq yd houses, whereas Blocks F, J and L are considered the best localities with 990-1000 sq yd houses in the neighbourhood.
Meanwhile, North Nazimabad Blocks B and N seem to enjoy popularity for featuring houses of all sizes.
Invest in a 490-500 sq yd ready-to-move property in Sectors B, F, and N for the best results, while Blocks N, L, and B also have some of the largest houses in North Nazimabad for sale with a plot size of 990-1000 sq yd.
That brings an end to our comparison between investment opportunities in Gulshan-e-Iqbal vs North Nazimabad, Karachi. If you have any comments or queries regarding the topic, feel free to drop us a message by emailing on blog@zameen.com.
In the meantime, if you’re looking to buy property in Karachi, make sure to check out our similar guides on Clifton vs DHA, Scheme 33 vs Bahria Town, North Karachi vs North Nazimabad as well as Gulshan-e-Iqbal vs Gulistan-e-Jauhar.
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