Home » Real Estate Trends » Some Real Estate Investment Opportunities on University Road, Karachi
University Road is a significant artery in Karachi that starts at Jail Chowrangi and stretches all the way to Defence Square roundabout. As such, hundreds of real estate projects are located on University Road, and the thoroughfare is home to several thousands of people, all of which have a number of reasons to call the properties on this road their home.
To begin with, the road lines up some of the city’s best universities – Federal Urdu University of Arts, Science and Technology (FUUAST), NED University, and the University of Karachi (KU). Besides, there are several public transport options present almost 24/7 for easy commuting, and plenty of entertainment venues also decorate the strip. That is why real estate projects on University Road are always high in demand, equally popular with investors, buyers, and renters. In this blog, we will discuss the features, amenities, and property prices of some real estate projects present on University Road. So, without further ado, let’s get started.
Shahmir Residency – One of the Most Popular Real Estate Projects on University Road, Karachi
As per the popularity rankings on Zameen.com, Shahmir Residency has topped the list of the most popular projects to buy property on University Road. It is a popular, upscale residential project, set in an idyllic setting of Scheme 33, near Safoora Goth on main University Road.
Enjoying a central location, the project stands out from other real estate projects of Karachi. What’s more is that the housing society boasts numerous amenities such as neat and clean walkways, making it a walkable neighbourhood, gated community that ensures safe living, and the presence of green spaces such as parks and children’s play area, where families can unwind after a tiring day.
Features of Shahmir Residency
- Top-notch security
- Gated community
- Mosque within the neighbourhood
- Presence of fuel stations
- Parks and walkways
- Enjoys a central location
- Memon Hospital, Dow Ojha Campus, and Kiran Hospital are only a few minutes’ drive away
Houses for Sale in Shahmir Residency
Among the various real estate projects on University Road, Shahmir Residency ranks as the top on the list of the most popular real estate projects, as per Zameen.com’s user-based popularity rankings. The society features bungalows and plots for sale. The best part about this residential project is that 85% of the work has been completed, and ready-to-move-in bungalows are now available. The bungalows can be booked via a down payment, and the remaining amount can be paid in convenient instalments.
If you are looking to buy property on University Road, then take a look at houses and plots up for sale in Shahmir Residency. You can buy a 120 sqyd house in Shahmir Residency for PKR 1.1 crore. If you are planning to invest in a plot on University Road, then take a look at the prices of 120 sqyd plots in Shahmir Residency, which vary between PKR 60 lakh to PKR 70 lakh. Also, a 240 sqyd plot can be bought anywhere between PKR 1.4 crore to PKR 2.1 crore.
Burj-ul-Harmain – An Upscale Apartment Project on University Road
As per the user-generated data on Zameen.com, Burj-ul-Harmain is the second-most popular real estate project on University Road. The apartment complex is located at a central point and boasts some striking features that make it a top choice among investors. Situated along Saadi Road near Safoora Chowk, the project’s location is included in Scheme 33. The University of Karachi is only 10 minutes’ drive away.
Burj-ul-Harmain comprises four towers with each tower boasting 19 floors. A recreational green space has been strategically left in the middle to give the project a regal look and to make it more convenient for residents to relax. Moreover, the project has been approved by the Malir Cantonment Board. If you are looking to invest in Burj-ul-Harmain, the best part is that it comes with flexible payment plans, which can be customised as per your needs and preferences.
Features of Burj-ul-Harmain
- Round-the-clock surveillance through security cameras
- Fast and modern elevators
- Backup generators
- Covered car parking on two floors
- A family park with jogging tracks
- A play area specially designed for kids
- A reverse osmosis filtration plant
- A well-equipped gymnasium with a jacuzzi
- Modern amenities like a clubhouse, gaming zone, an internet cafe, and a library are also part of the project.
Flats for Sale at Burj-ul-Harmain
Burj-ul-Harmain features 2, 3, and 4 bedroom apartments for sale. If you are searching for smaller apartments, then check out the 2 bedroom flats in Burj-ul-Harmain, which have the lowest asking price of PKR 86.96 lakh. People exploring bigger units can opt for 3-bedroom apartments, which have prices varying between PKR 1.08 crore to PKR 1.25 crore. Moreover, 4-bedroom flats have prices ranging from PKR 1.63 crore to PKR 1.74 crore.
The project offers flexible payment plans with instalments starting from PKR 132,850. You can comfortably buy an apartment in Burj-ul-Harmain with a 30% down payment and 36 monthly instalments.
City Tower and Shopping Mall – A Lucrative Investment Option on University Road
A newly launched, ultra-modern project featuring luxury flats for sale on University Road, City Tower and Shopping Mall offers both residential and commercial units for sale. The developers of the project, Zain Builders, have laced the project with numerous amenities such as air-conditioned shopping mall, high-speed elevators, and an advanced security system. Also, the apartments in City Tower are being constructed at a rapid pace.
Since the project is situated at a prime spot, almost all the necessary facilities are easily accessible. Just off Mosamyat Morr, opposite Rufi Shopping Mall, City Tower and Shopping Mall is well-connected with Gulistan-e-Jauhar and Federal B. Area. From comfortably shopping for groceries to sending kids to school, the project offers convenient access to every amenity. The project neighbours Dow University Hospital and the University of Karachi, which are just 3 minutes’ drive away.
So, if you are looking for a brand new and spacious 3 or 4-bedroom apartment on University Road, then City Towers can be a good choice for you.
Features of City Tower and Shopping Mall
- High-speed elevators
- Modern cinema
- A community hall
- Greenspace on the rooftop
- Covered car parking
- Shopping area within the project
- Play area for children
- Advanced security system
Flats for Sale in City Tower and Shopping Mall
The apartment project features 3, 4, and 5-bedroom luxury flats. The 3-bed flats can be bought for PKR 42.5 lakh to PKR 45 lakh, while a 4-bed apartment can have an asking price of PKR 45.5 lakh to PKR 62 lakh. When it comes to 5-bedroom flats, the prices vary between PKR 69.5 lakh to PKR 91.5 lakh.
So, these were the top three real estate projects on University Road, Karachi. If you want to be regularly updated about the best investment choices in the real estate industry, then do subscribe to Zameen Blog – the best real estate blog in Pakistan. And don’t forget to share your valuable feedback with us at blog@zameen.com.