Tips to Look for Affordable Flats for Sale in Karachi
Projects Offering Brand-new Apartments on Instalment
The urban landscape of Karachi is dominated by high-rise and mid-rise apartment complexes. It is mainly because vertical expansion is the only way to cater to the ever-growing housing needs of the most populous city in Pakistan. Tall man-made structures dominate the skyline of Karachi, which is why it is often called the ‘city of skyscrapers’.
The largest city of Pakistan is also known for its highly interesting and lucrative real estate market, which caters to different types of investors and homebuyers. Whether you are interested in buying a low-cost house or a high-end villa, you would definitely come across many decent options matching your budget and requirements in Karachi.
The city also offers many choices to apartment seekers who are looking for properties within a limited budget. With the availability of different types of home financing facilities like Apna Ghar Sasta Karz, owning a newly-built apartment in Karachi with limited investment and funds is now easier than ever.
How and Where to Look for Low-cost Flats for Sale in Karachi
Here we are going to explain to you how and where you can look for low-cost flats for sale in Karachi to help you get started with your apartment hunting on the right foot.
So, without further ado, let’s get into it!
What Property Size Should You Expect?
When buying a low-cost apartment, you may have to compromise on the size of your living space. The property size to expect could be anything between 400 to 600 sq ft. You may also come across larger flats, spanning 800-900 sq ft, but they would most probably be old and in bad shape.
Because of the improved design and architectural practices of the modern-era, newly-built apartments may be short on square footage, but their intelligently planned interiors make them look commodious and feel spacious. There are also many different tips you can try working on to make a small studio apartment look bigger.
Where to Look for Low-priced Flats for Sale in Karachi?
Based on dozens of localities and neighbourhoods scattered all around the coastal region, Karachi is one of the largest cities in the world. This is why it is very important for you to shortlist the areas that you need to look out for before you begin your property search. This could make your entire property hunting process a lot easier.
If you are specifically looking for low-cost apartments in Karachi that are almost brand-new, then you should definitely check out the suburban gated community of Bahria Town Karachi. The project is located far away from the main city, which is one of the biggest reasons why it offers cheaper real estate prices with finer living arrangements as compared to many other neighbourhoods near the city centre.
Along with Bahria Town Karachi, there are also a few other neighbourhoods located in the far reaches of the coastal city where you can look for flats for sale within a budget of PKR 50 lakh. These neighbourhoods include North Karachi, Korangi, and North Nazimabad among other localities.
DHA City is another popular development taking place in the peripheries of Karachi where you can find a newly-built apartment at an incredibly low price. Bahria Town Karachi and DHA City are hardly a 20-minute drive away from each other.
Click here to learn more about low-priced flats for sale in Karachi that have been listed on Zameen.com.
Top Projects Offering Flats on Instalments in Karachi
Even if you are low on budget, you can still invest in some really good apartment projects in Karachi, thanks to the availability of super easy and flexible payment plans. Here we have listed a handful of apartment buildings in the city where you can buy a flat on monthly instalments.
It is important to mention here that Zameen.com is the official sales and marketing partner of all these vertical residential projects, which means they have no legality issues and are highly safe investment opportunities.
Here we go with the list!
Aman Golf View
Being developed as one of the most successful real estate ventures by Aman Builders & Developers, Aman Golf View is a highly anticipated apartment complex. In fact, it is one of the few vertical residential projects in the city offering 4-bedroom flats, which are categorised as super luxury apartments according to the local market trends. The apartment building also features 2- and 3-bedroom options. Located right in front of Acacia Country & Golf Club, Aman Golf View enjoys a superb location on the main Jinnah Avenue.
Payment Plans for Aman Golf View
You can book an apartment in Aman Golf View by paying 30% of the total amount as a down payment. It is a 2.5-year instalment plan. According to the division of the instalment plan for Aman Golf View, you would further need to pay around 10% on finishing and then 10% on possession.
Fatima Golf Residency
Fatima Golf Residency is a grand apartment project by Ghani Builders and Developers. The construction of this apartment complex is also taking place in the prime vicinity of Jinnah Avenue. The project is located in Gulistan-e-Jauhar near Malir Cantt. The apartment building has been planned with all modern-day facilities and amenities to facilitate the residents. You can own a meticulously designed 2-bedroom apartment in Fatima Golf Residency. The interior of residential units in the project has been equipped with high-quality finishes and imported fittings.
Payment Plans for Fatima Golf Residency
To book an apartment in Fatima Golf Residency, you may have to pay a 30% down payment. The rest of the amount is divided into 36 monthly instalments. At the time of finishing you will have to pay 10% and then 5% of the total price on possession.
Maymar Pride
Maymar Pride is an apartment project nearing completion. As the name suggests, it is located in Gulshan-e-Maymar, which is one of the most popular and newly developed suburban neighbourhoods in Karachi. The project is the brainchild of Maymar Group — a renowned name of the development industry. Owing to the building’s ideal location on the main Quaid Avenue, it is easily accessible from other famous localities including Gulshan-e-Iqbal and FB Area. The 13-storey-tall residential project offers 2- and 3-bedroom apartments.
Payment Plans for Maymar Pride
It is one of the best real estate projects to look for flats on instalment in Karachi. You can easily book your apartment in Maymar Pride by paying a 25% down payment. It is a 3-year-long payment plan with easy monthly instalments. On finishing, you’ll have to pay 10% and upon getting possession of your flat, you’ll be making a payment of around 20% of the total amount. This division of the instalment plan for Maymar Pride has been made keeping in view the convenience of investors.
Khadeeja Heights
Designed with exclusivity and modern architectural practices, Khadeeja Heights is a major residential development taking place in North Nazimabad. It is another successful property venture by Ghani Builders and Developers. The project is already making headlines and seeking the attention of apartment buyers in the city. Owing to its prime and well-convenient location on the main Sher Shah Suri Road, the project is easily accessible by many major landmarks and facilities in the vicinity, such as Orange Line Metro Station and KDA Chowrangi. Khadija Heights offers spacious 3-bedroom apartments, available in both road-facing and west open options.
Payment Plans for Khadeeja Heights
You can own an apartment in Khadeeja Heights by paying easy monthly instalments that span 36 months. To book your unit in the project, you need to pay a 30% down payment. According to the division of the payment plan for the project, you will be required to pay 10% at the stage of finishing and then 10% on possession.
The Mega Mall & Residency
Enjoying the prime location of the main Johar Chowrangi, The Mega Mall & Residency is probably the most centrally located mixed-use development in Karachi. Its convenient location makes it easily accessible by many different neighbourhoods and localities in the city. The Mega Mall & Residency is also home to the upcoming branch of Chase Up departmental store in Gulistan-e-Jauhar. As a multipurpose building, it also features luxuriously designed 2- and 3-bedroom apartments and all modern-day residential facilities.
Payment Plans for The Mega Mall & Residency
According to the instalment plan for The Mega Mall & Residency, you can book a unit in the project by paying a 30% down payment. The rest of the amount can be paid in 48 monthly instalments. At the finishing stage, you’ll have to pay 10% and then 5% of the total amount on possession.
Dundas Tower
Dundas Tower is yet another remarkable addition to the skyline of Gulistan-e-Jauhar. The mixed-use project is owned and developed by EastGate Builders & Developers. The residential project has been equipped with top-notch features to facilitate the residents and visitors. Dundas Tower is also a short drive away from Johar Chowrangi, conveniently accessible from many key landmarks and facilities in the vicinity.
Payment Plans for Dundas Tower
You can book an apartment in Dundas Tower by paying 30% of the total amount as a down payment. It is a 4-year instalment plan. According to the division of the instalment plan for Dundas Tower, you would further need to pay around 10% at the time of finishing.
Cliff Vista
Rising from the prime location of the main Rashid Minhas Road, Cliff Vista has already become one of the most popular residential complexes in the vicinity. Based on 5 residential towers, each 19 storey tall, it is a grand-scale project. With the grey structure almost complete, the project is racing towards completion. Along with 1- and 2- bedroom options, Cliff Vista is quite popular for offering 3-bedroom executive apartments. With high-end facilities and amenities, it has been designed to offer a luxe living experience to the residents. The project is the brainchild of Mehran Enterprises (Pvt) Ltd — one of the most celebrated names in the industry.
Payment Plans for Cliff Vista
Cliff Vista is one of the best projects offering flats on monthly instalments in Karachi. To book your unit, you need to pay a 30% down payment. Brand-new apartments in the project are available with easy monthly instalments, spanning 3 years. According to the division of the payment plan for the project, you will be required to pay 10% on finishing and then 10% at the time of possession.
If you want to learn more about Cliff Vista’s payment plans and other key details about the project to proceed with your investment, you need to fill out that (green and white) form attached to this blog.
In the meantime, stay tuned to Zameen Blog to keep reading the most informative property guides and the best real estate blogs in Pakistan.
