In this Post
Overview of Nazimabad, Karachi
Average Property Prices in Nazimabad, Karachi
1-bed Flats for Sale in Nazimabad
2-beds Flats for Sale in Nazimabad
3-beds Flats for Sale in Nazimabad
990-1000 sq yds Houses for Sale in Nazimabad
Nazimabad is one of the city’s oldest and poshest neighbourhoods. This makes it quite popular in the real estate market of Karachi. The property investment opportunities available here are mostly based on houses and apartments. You’ll rarely come across plots for sale in Nazimabad since there is not much vacant land left. So, if you’re interested in buying property in Nazimabad, Karachi, we’re here to help. In this blog, we have put together a detailed analysis of the best areas to invest in Nazimabad and the property options available in them.
To begin with our analysis, first of all, let’s learn more about the neighbourhood itself.
More About Nazimabad, Karachi
As discussed, Nazimabad, Karachi is an old locality, which was established in 1952. It is named after Khawaja Nazimuddin, who led the country as the second Governor-General from 1948-1951 and as the Prime Minister from 1952-1953.
The locality is primarily divided into seven blocks: Block 1 to 5 are for residential purposes and Block 6 and 7 are for the establishments of commercial outlets. By looking into history, we realise that Nazimabad was mostly barren land in its initial years of establishment.
However, as of now, it is considered among the most central locations in the city, thanks, in part, to the real estate developments and infrastructure projects that have popped up over all these years. In fact, it has now also become one of the city’s most crowded neighbourhoods.
Residents of Nazimabad also enjoy easy access to many major roads and signal-free corridors. Projects like the recently-opened Five Star Chorangi flyover help them with their daily commutes. There are also many shopping centres in the area that are buzzing with shoppers almost seven days a week.
Now, let’s list down some of the key living facilities you get to enjoy as a part of this neighbourhood.
- Load-shedding free zone (excluding a few areas)
- Top-notch Educational Institutions
- City’s Best Healthcare Facilities
- 24/7 Emergency Centres and Pharmacies
- Commercial markets
- Falls in all major public transport routes in Karachi
- Navigational Signboards on main roads
- Availability of Rickshaws, Taxis and Ride-hailing apps
- Connected with popular routes in Karachi
- Availability of high-rise apartment projects
Average Property Prices in Nazimabad, Karachi
Now that we know about the neighbourhood and its living facilities, let’s dig into the average property prices in it that the real estate market of Karachi has to offer. The above-table is in accordance with the user-data fetched from Zameen.com, Pakistan’s most reliable property portal.
So, let’s discuss the prices for each of the given property options in Nazimabad one by one.
- One of the most affordable property investment opportunities in Nazimabad can be a 1-bedroom flat, which comes with an average price tag of PKR 20 lakh
- If you are willing to invest in 2-bedroom apartments for sale in Nazimabad, you may have to put aside an investment of PKR 51 lakh, on average
- For bigger families, 3-bedroom flats for sale in Nazimabad makes an appropriate option, the average cost of which is PKR 89 lakh
- Exploring property options in the neighbourhood, you’ll mostly come across 990-1000 sq yds houses for sale in Nazimabad that are priced at 5 crore, on average.
Note: As per the data fetched from Zameen.com, there are currently no residential plots for sale in Nazimabad. As discussed, it’s a packed neighbourhood with not much vacant land left.
Average Prices of 1-bedroom flats in the Most Popular Blocks of Nazimabad, Karachi
Interested in property investment in Nazimabad that is also light on pocket? Take a look at the apartment complexes available in the area. There are many affordable small-sized apartments for sale in Nazimabad with single bedroom layouts.
According to the above-given table, Nazimabad’s Block 5E, Block 5, Block 1, Block 4, and Block 3 are the top-performing blocks in the locality with 1-bedroom flats. So, let’s discuss the top-three of them to further understand the market of flats for sale in Nazimabad, Karachi
Block 5E
- The average price of 1-bedroom flats in Nazimabad’s Block 5E is PKR 16.8 lakh.
- The neighbourhood runs parallel to Paposh Nagar Road and is one of the sub-blocks of Block 5
- The very famous Gol Market is only at a stone’s throw distance from the area of Block 5E.
Block 5
- Investing in a 2-bedroom flat for sale in Block 5 may cost you PKR 16.9 lakh on average.
- It is one of the most popular blocks, found within the heart of the neighbourhood.
- Famous sports and recreational complexes like KDA Cricket Ground and State Bank Ground are also found in the vicinity of Block 5.
Block 1
- For affordable property investment in Nazimabad, you can also take a look at 1-bedroom flats for sale in its Block 1, the average cost of which is PKR 31 lakh.
- The key highlight of this block is its location. It runs along Arif Ali Barelvi road and is just a few-min drive away from Lyari Expressway.
- It also enjoys direct load links to other popular areas of Karachi like Gulshan-e-Iqbal, Gulistan-e-Johar, PIB Colony, and Garden East.
Average Prices of 2-bedroom flats in the Most Popular Blocks of Nazimabad, Karachi
One of the best options among properties for sale in Nazimabad, Karachi is a 2-bedroom flat. As per the user behaviour on Zameen.com, Block 1, 3, 5, 5E and 4 turned out to be the most popular localities with 2-bedroom apartments for sale in Nazimabad.
To comprehend it further for you, we’ll discuss the first-three blocks listed in the table of 2-bedroom flats. This may help you make a suitable choice in terms of buying property in Nazimabad, Karachi
Block 1
- The average price of a 2-bedroom flat in Nazimabad Block 1 is PKR 59.7 lakh.
- There is a large commercial centre known as Chawla Market, located within the heart of Block 1.
- Popular landmarks in the vicinity of Block 1 include Sindh Board Sports Complex and Sir Syed Marriage Lawn.
Block 3
- If you are looking for flats for sale in Karachi, you may come across an average price tag of PKR 55 lakh for a 2-bed flat in Nazimabad’s Block 3.
- There is a cluster of commercial hubs in proximity to Nazimabad Block 3. Diamond Super Market and the very popular Nazimabad’s Gol Market are two fine examples in this regard.
- The city’s best healthcare centres like Abbasi Shaheed Hospital and AO Hospital are also found in the neighbourhood’s Block 3.
Block 5
- You may have to have a budget of PKR 36 lakh on average to buy a 2-bedroom flat in Nazimabad Block 5.
- The prices here may be a bit lower than other blocks since it is the neighbourhood’s farthest locality.
- Block 5 of Nazimabad is directly linked to the Hyderi Super Market and North Nazimabad via the route of Shershah Suri Road.
Average Prices of 3-bedroom flats in the Most Popular Blocks of Nazimabad, Karachi
If you’re hunting for bigger flats for sale in Karachi, then may want to take a look at 3-bedroom apartments available in Nazimabad Karachi. To help you with your hunt, we have revealed the five best areas with such property options in the neighbourhood that are Blocks 3, 4, 1, 5, and 5 D.
Let’s discuss the top-three blocks among them mentioned in the table above, which is based on Zameen.com’s user data
Block 3
- If you’re willing to own a 3-bedroom flat in Nazimabad Block 3, you may have to set aside a budget of PKR 85 lakh, on average.
- One of the key landmarks of this block of Nazimabad is Eidgah Ground. It is located at the south-east end of the neighbourhood and is easily accessible from the main Nazimabad road.
- The locality is also linked with Federal B. Area, which is another popular neighbourhood, via Shahrah-e-Pakistan.
Block 4
- Bigger apartments with 3 bedrooms are available in Nazimabad Block 4 at an average cost of PKR 1 crore.
- While buying property in Nazimabad, Karachi, you’ll notice that the property prices here are higher than the other areas. It’s because this locality is counted among the neighbourhood’s most upscale localities.
- The Nazimabad Branch of the driver’s license office is also found in Block 4. For recreation and outdoor activities, there is a very famous Annu Bhai park in the area.
Block 1
- The average asking price of a 3-bedroom flat in Nazimabad’s Block 1 is PKR 74.8 lakh.
- It has a cluster of popular eateries, ice cream parlours and juice bars in the city including Mumtaz Nihari, Jeddah Biryani, Alpine Gelato, and Agha Juice Bar.
- The locality runs along the very popular artery in the area known as the Nawab Siddiqui Ali Khan road. It intersects with the Sher Shah Muhammad Suleiman road at the Nazimabad underpass.
Average Prices of 990-1000 sq yds Houses in the Most Popular Blocks of Nazimabad, Karachi
Searching for large houses for sale in Karachi? Take a look at the 990-1000 sq yds houses in Nazimbad Block 4. Let’s take a look at the average price of residential units and key features of the neighbourhood’s most searched locality in this regard.
Block 4
- The price of 990-1000 sq yds residential units in Nazimabad Block 4 is averaged at PKR 5 crore. This makes the locality a feasible investment option with large houses for sale in Karachi.
- The presence of bigger dwelling means it’s a posh neighbourhood, offering all the basic amenities such as educational facilities, transportation and public parks.
- Popular bakeries and food outlets like Pie in the Sky, Dilpasand Sweets and Kababjees restaurant are also located in proximity to Nazimabad Block 4.
- The locality is linked with the very famous Shahrah-e-Sher Shah Suri via the route of Nawab Siddique Ali Khan road.
Now that we have discussed all the top areas in Nazimabad and the best investment options available in them, it’s time for us to wrap this piece. We hope this detailed analysis will help you come up with an informed decision in terms of buying property in Nazimabad, Karachi.
Don’t forget to write to us about your queries and feedback at blog@zameen.com. We will try our best to answer your emails as soon as possible.
We have also recently covered property trend analysis in detail on other popular areas in the real estate market of Karachi. Here are some pieces in this regard that you may want to take a look at:
- Most popular areas to buy property in DHA, Karachi
- Top blocks to invest in Clifton Karachi
- Popular property options in Bahria Town, Karachi
- Best areas to invest in Gulistan-e-Johar Karachi
Also, we have done some comparative analysis on areas like DHA vs. Clifton, Karachi, and DHA vs. Bahria Town, Karachi. These pieces will give you all the useful information, which may help you make a suitable choice among these neighbourhoods when looking for properties for sale in Karachi.
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