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Our update on Naya Nazimabad Karachi

Property
3 min read | Badar Khan  | October 13, 2017

There is an ever-increasing demand for quality housing schemes in Karachi. DHA City and Bahria Town Karachi aim to cater to the high-end segment of the market, but there aren’t enough affordable housing schemes. This is the reason why ever since its launch in 2011, Naya Nazimabad Karachi has seen steady investment coming in.

An introduction

Covering an area of 1,200 acres, it is the only residential scheme of such a huge size within the city. The area is being developed at an impressive speed. It offers plots and pre-constructed bungalows for the residents. The whole society is gated and protected by security staff.

Location

It adjoins Nazimabad, North Nazimabad and North Karachi. Federal B Area and New Karachi are also nearby. Moreover, Sakhi Hasan Chowrangi is just 2 kilometres away. It is easily accessible from the rest of Karachi due to its proximity to key roads and the upcoming Green Line Bus Rapid Transportation system.

Naya Nazimabad is divided into six blocks – A, B, C, D, M and N. The development work is complete in Blocks A and B, partially complete in C and D, whereas in M and N it has just started. Let’s take a look at the prices and the pace of development in these blocks.

Blocks A and B

Block A features both plots and bungalows, whereas Block B has only bungalows. The basic infrastructure of roads, electricity, sewerage system and water has already been laid in these blocks.  Complete possession of plots is available, and a few plot-owners have already started construction.

According to Sahil Estate CEO Shabbir Ahmed, following are the approximate prices of bungalows in Blocks A and B.

Bungalow Size Type Price
120 sq. yd. Single-storey PKR 5,800,000 – PKR 6,500,000
120 sq. yd. Double-storey PKR 8,000,000 – PKR 9,000,000
160 sq. yd. Single-storey PKR 8,000,000 – PKR 8,500,000
160 sq. yd. Double-storey PKR 10,500,000 – PKR 11,500,000
240 sq. yd. Single-storey PKR 12,000,000 – PKR 15,000,000
240 sq. yd. Double-storey PKR 14,500,000 – PKR 18,000,000

Following are the approximate plot prices in Block A according to Mr Ahmed.

Plot Size Price
120 sq. yd. PKR 4,100,000 – PKR 4,500,000
160 sq. yd. PKR 6,200,000 – PKR 7,000,000
240 sq. yd. PKR 8,000,000 – PKR 9,200,000

Block C

Block C isn’t as developed as Blocks A and B, and as a result the prices here are lower. Following are the approximate prices here.

Plot Size Price
120 sq. yd. PKR 3,100,000 – PKR 3,500,000
160 sq. yd. PKR 4,100,000 – PKR 4,500,000
240 sq. yd. PKR 6,000,000 – PKR 6,800,000

Block D

Block D is behind Block C in terms of development, and these are the approximate prices here.

Plot Size Price
120 sq. yd. PKR 2,600,000 – PKR 2,800,000
160 sq. yd. PKR 3,400,000 – PKR 3,700,000
240 sq. yd. PKR 4,800,000 – PKR 5,300,000

Blocks M and N

Here the development has recently started, and possession isn’t available yet. It only has 120 sq. yd. cuttings, which are available for PKR 1,600,000 to PKR 1,800,000. These can be paid in two equal instalments – the second instalment is to be paid after a year.

The investment potential

According to Sahil Estate CEO Shabbir Ahmed, the prices are expected to go up in Naya Nazimabad in the future as there are genuine buyers who want to buy property here.

He said that since the start of 2017, the plot prices in Blocks A and B have almost doubled as they have seen rapid development. Prices in Blocks C, D, M and N are also expected to rise. From an investor’s point of view, investing in these blocks makes a lot of sense. Whereas, Blocks A and B are definite options for genuine buyers.

What do you think is the future of Naya Nazimabad? Is it worth investing in? Talk to me in the comments section below, or to start a larger conversation around this topic, head over to our and have your say.

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Badar Khan
Badar Khan is an Assistant Editor at Zameen Media (Pvt) Ltd.

  1. who is the developer of this project. please give some information about the developer and their profile.

  4. scheme is good but it is surrounded by slums areas/kachi aabadi’s. it touches manghopeer which is famous for taliban and rao anwar encounters.

    this scheme would have been a great addition to karachi but it’s misplaced location will always be a dark shadow on it’s future.

  5. Despite of having the great location and renown developers behind this scheme, why this scheme is not as such success? give reason honestly please?

  6. latest update to possession of naya nazimbad hand over approx time of delivery block c
    i submit the documents of take possession end of Dec 2017

  8. Everything is fine but the development speed is very slow and the time to grant possession is getting late which is a bad thing for Builders

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