Home » Real Estate Trends » Your Guide to Investing in Gulshan-e-Iqbal, Karachi
Block 1
Block 2
Block 4
Block 10
Block 13
The neighbourhood of Gulshan-e-Iqbal needs no introduction. It is one of the oldest and most well-known locales in Karachi. Like many other parts of the city, this area also has a boxy skyline mostly based on mid-rise developments with a few high-rises jutting out of its urban landscape.
According to Zameen.com, Gulshan-e-Iqbal is one of the most popular areas to buy property in Karachi — and rightfully so. The area is best known for offering a wide variety of well-located yet budget-friendly investment options. Also, due to rising property prices in posh localities like DHA and Clifton, the interest of buyers has now mostly shifted towards less costly and more profitable housing options, which are available in abundance in Gulshan-e-Iqbal.
So, if you are also planning to buy a house or an apartment in Karachi, this neighbourhood is a good option to start with your property hunt. Here’s a quick round-up of the top five areas for property investment in Gulshan-e-Iqbal right now. Make sure to read this real estate guide all the way through to make an informed decision.
Best Blocks to Buy Property in Gulshan-e-Iqbal
The neighbourhood of Gulshan-e-Iqbal is so vast that it has been divided into many residential, commercial and multipurpose blocks. In terms of property development and popularity, the following are the most popular blocks in the area.
Block 1
As the name suggests, it is probably the oldest block in the neighbourhood. Enjoying a central location, it is popular among property buyers in the area. Gulshan-e-Iqbal Block 1 has always been a hub of apartment complexes. You’ll find more apartments for sale than houses in this part of Gulshan-e-Iqbal, as Zameen.com’s listings.
Owing to its convenient positioning, Block 1 of the neighbourhood is directly accessible from Shahrah-e-Jahangir and Allama Shabbir Ahmed Usmani Road. The locality is connected with Gulshan’s very famous 13-D furniture market. The aforementioned expressways allow the neighbourhood to enjoy direct routes to Azizabad, Liaquat Ali Khan Chowk, Federal B Area, Gulshan Chowrangi’s Flyover, Nipa Rashid Minhas Road and many other landmarks in the vicinity.
Block 2
Directly linked with Rashid Minhas Road, Block 2 is a highly popular locality in the neighbourhood. Its property market is based on an interesting mix of houses, apartments and commercial outlets. Finding a house or a flat in a good condition could be challenging for you because Gulshan-e-Iqbal Block 2 mostly comprises older constructions, which are definitely available at affordable prices.
Properties in this part of the neighbourhood are also popular because of their convenient location. Residents of the area enjoy easy access to almost many key facilities and landmarks in this particular part of the city, such as Lucky One Mall, UBL Complex, Nipa Chowrangi, Patel Hospital, large outlets of Chase Up, Imtiaz and Carrefour, Safari Park, Millenium Mall, and a lot more.
Block 4
Located at a short distance from Block 2, Gulshan-e-Iqbal Block 4 is another very famous locality. Home hunters in the megacity can conveniently search for affordable yet profitable accommodations in this block. Since the area hosts a fully-fledged business district and also a vibrant food street now, the property rates of houses and apartments here are constantly going up.
Block 2 of Gulshan-e-Iqbal is also home to Gulshan-e-Iqbal’s iconic Disco Bakery, which is undoubtedly the most famous landmark in the area. It is located on the main Allama Shabbir Ahmed Usmani Road, which connects Maskan Chowrangi to Gulshan Chowrangi’s flyover and beyond. Living in the area, you’ll always be a few minutes’ drive away from Karachi University, Nipa Chowrangi, Federal B Area, Nazimabad, Gulistan-e-Jauhar and Karsaz.
Highlighted Projects: In the farthest corner of Gulshan-e-Iqbal Block 4 lies one of the most prominent apartment complexes in Karachi — Shaz Residency. Rising 10 storeys high above the ground, it is a masterfully planned development equipped with an earthquake-resistant structure and robust firefighting system.
The project has 2-bedroom apartments surrounded by a highly secure and well-facilitated environment. Some of the notable features of Shaz Residency include 24/7 security with CCTV surveillance, covered car parking, power backup and high-speed elevators taking you to the topmost floor. Approved by SBCA, it is a reliable project for investment in Gulshan-e-Iqbal in Karachi. Moreover, Shaz Residency enjoys a prime spot in Gulzar-i-Hijri, Scheme 33, Karachi, which is why it guarantees high investment returns in the near future.
Well, another noteworthy vertical complex in the area is Blue Sky Residency. Based on three residential towers, each 19-storey high, it is a large-scale project all set to grace the skyline of Scheme 33 with its commanding presence. According to the spectacular planning of the residential complex, it features 2 and 3-bedroom normal and duplex apartments plus 4-bedroom duplex penthouses.
Blue Sky Residency is being developed on the main Kiran Hospital Road, which links it with University Road at one end and Karachi-Hyderabad M9 Motorway, aka Super Highway, on the other. Situated right opposite Bin Safeer Market, The strategic location of the project allows it to enjoy easy access to Memon Medical Institute Hospital, Main Safoora Chowrangi, Bin Hashim Supermarket, Jinnah International Airport and many other parts of the city.
Block 10
Block 10 is one of the most popular areas for property investment in Gulshan-e-Iqbal. It offers tons of residential and commercial properties, both in old and new constructions. Due to the availability of both affordable and high-end investment options, the property market of the neighbourhood caters to a wide range of investors and genuine buyers.
The location is one of the key highlights of Gulshan-e-Iqbal Block 10. The residents of the area enjoy direct access to Nipa Flyover, University Road, Rashid Minhas Road, Millennium Mall, and Gulshan-e-Iqbal’s famous food street on Allama Shabbir Ahmed Usmani Road, Safari Park and many other prominent landmarks and facilities nearby.
Highlighted Project: In proximity to Rashid Minhas Road and Nipa Chorangi lies yet another remarkable high-rise project called Cliff Vista. The aesthetically pleasing exterior of this grand-scale project is based on five skyscrapers, each 19-storey tall. The presence of such a world-class development has significantly uplifted the charm of Gulshan-e-Iqbal’s skyline.
The structure of the project is almost complete. When investing in Cliff Vista, you can choose between normal and executive apartments, which have 2-bedrooms and 3-bedrooms, respectively. Owing to its attractive location and world-class planning, the project promises impressive capital gains in the near future.
Block 13
Enjoying a central location in the city, Gulshan-e-Iqbal Block 13 is one of the most popular blocks in the area. The very famous Hassan Square residential complex is also located in this particular locality. Block 13 is also in proximity to some of the city’s key landmarks, such as Expo Centre, National Cricket Stadium and Civic Centre.
The newly launched Peoples Bus Service also passes through Block 13 of the area, which makes it easier for commuters in the area to move around the city. Since the neighbourhood has an attractive location and enjoys direct access to the main University Road, property prices here are slightly higher than in other parts of Gulshan-e-Iqbal.
It is a large multipurpose block of Gulshan-e-Iqbal, which is further divided into different parts, recognized by different letters, like 13-A, 13-B, etc. In the 13-D subdivision of the neighbourhood lies one of Karachi’s most famous furniture markets, popularly known as the 13-D furniture market. Here you’ll find furnishings as well as different types of home accessories.
On a side note, if you are interested to learn more about any of the aforementioned projects, fill out the attached form to easily reach out to us. Also, don’t forget to check out our similar property investment guides on Scheme 33 and DHA Karachi.
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