Being the largest metropolitan area, Karachi is home to people belonging to almost all regions of Pakistan. It also serves as the biggest economic hub of the country. Karachi’s property market holds great potential and has a wide variety of properties available. So, if you are interested in real estate investment in Karachi, you can search through these famous localities with houses for sale to find a property according to your budget and needs.
So far, 2019 has been a great year for the property market of Karachi. A lot of property searches were conducted online. According to the search trends data accumulated up until last month, we have identified the five best performing areas with houses for sale in Karachi.
These are the five most popular areas to buy a house in Karachi. Details regarding the types of residential properties available for sale in these areas have been discussed below.
DHA Karachi
Recognized as one of the most upscale neighborhoods in the city, DHA Karachi has raked in 11.5 percent of the overall searches by people looking for a house for sale in Karachi. The area of Defence is divided into eight residential phases out of which Phase 5, 6 and 8 remained the most searched phases till the month of April 2019.
People interested in buying homes usually search for 120, 240 and 500 sq yd houses in DHA. A 120 sq yd house in DHA is priced somewhere between PKR 3.1 crore and PKR 5.5 crore.
The price of 250 sq yd houses in DHA starts at PKR 4.6, going up to PKR 6.5 crore. Moreover, a 500 sq yd house in DHA will cost you around PKR 5 crore to PKR 17.5 crore.
Gulistan-e-Jauhar
Gulistan-e-Jauhar is a popular residential area in Karachi. A total number of 20 blocks are found within Gulistan-e-Jauhar. Many people find it an ideal place to search for homes in Karachi, which is why it has appeared in 9.3 percent of all property searches up till April 2019. Block 12, 13 and 14 turned out to be the most searched blocks in Gulistan-e-Jauhar.
It has been observed that home buyers in Gulistan-e-Jauhar generally prefer 120, 240 and 500 sq yds houses. If you have intentions to own a 120 sq yds house in Gulistan-e-Jauhar, then its price ranges from PKR 70 lakh to 2.9 crore.
The 240 sq yds houses on sale in Gulistan-e-Jauhar cost between PKR 2.25 crore and PKR 5.5 crore. If want to accommodate a big family, then you can go for a 400 sq yds house for sale in Gulistan-e-Jauhar that normally has an asking price of around PKR 2.35 to 6.25 crore.
Gulshan-e-Iqbal Town
The third position on the popularity index for houses for sale in Karachi has been secured by Gulshan-e-Iqbal Town with 9.1 percent of the total searches. Gulshan-e-Iqbal is a large town located in the east of Karachi. It’s made up of many smaller neighbourhoods.
According to search trends, as of April 2019, the neighbourhoods of Gulshan-e-Iqbal, Bahadurabad and Gulzar-i-Hijri in Gulshan-e-Iqbal Town are quite popular among people looking to buy homes.
For those who want to invest in residential units in Gulshan-e-Iqbal Town, 120 sq yds houses in the locality come with an asking price between PKR 75 lakh and PKR 3.5 crore.
Similarly, a 240 sq yds house for sale in Gulshan-e-Iqbal Town ranges from PKR 2.25 crore to 10 crore. The asking price of 500 sq yds residential units in the area fall between PKR 6.25 crore to 14 crore.
Bahria Town Karachi
Bahria Town Karachi is one of the latest real estate developments in Karachi. It offers a state-of-the-art lifestyle to its residents. As per the search trends focusing houses for sale in Karachi till April 2019, Bahria Town Karachi secured its position in top five localities with a share of 7.2 percent in all property searches.
Precinct 2, Precinct 10 and Bahria Sports City turned out to be the three most searched sectors of Bahria Town Karachi as of April 2019.
The asking price of a 125 sq yd house in Bahria Town Karachi starts from PKR 41 lakh, going up to PKR 1.6 crore. Likewise, if you search specifically for a 250 sq yd house, then its price tag ranges between PKR 77 lakh and PKR 2.8 crore.
Gadap Town
Gadap Town is one of Karachi’s biggest towns having many popular residential areas. It offers affordable property options to people, due to which it appeared in 6.2 percent of the searches based on houses for sale in Karachi, as per the data accumulated till April 2019. It has become the fifth most popular area for real estate investment in Karachi.
Of all the localities in Gadap Town, Gulshan-e-Maymar, Surjani Town and Saima Arabian Villas were searched the most by property buyers.
Residential properties with affordable prices are available in Gadap Town. For example, a 120 sq yd house in this area costs between PKR 20 lakh and PKR 1.6 crore. The difference in the price range is huge because prices depend on the area in which a unit is located. If the area is affordable, like Surjani Town, the cost will be low, if it’s a considerably well-to-do society, the cost will be high.
People buying homes of 240 sq yd in Gadap Town would come across heavy price tags ranging from PKR 1 crore to PKR 2.8 crore. In a price range of PKR 1.8 crore to PKR 4 crore, you can easily own a 400 sq yd house in Gadap Town.
Pick your dream home or go for property investment by searching through these popular areas with houses for sale in Karachi. Don’t forget to subscribe to our blog to stay updated with all the latest stories.
