Home » Real Estate Trends » Top 5 Areas to Buy Residential Plots in Karachi [Jan 2023]
–Scheme 33
–Gadap Town
–Bahria Town
–DHA
–DHA City
Karachi is a sprawling metropolis with a vast real estate market. Houses, flats and plots are available in abundance across the city’s gigantic urban landscape. Owing to its ever-increasing population the real estate prices in the city are skyrocketing. To cater to the ever-growing housing needs of Karachiites, many new residential projects have emerged in the suburbs. A majority of these developments are new, with more plots than houses, leaving plot investors overwhelmed with choices. In case you’re hunting a piece of land for investment, let’s help narrow down your search. Here we’ll discuss the top areas with residential plots for sale in Karachi, according to Zameen.com’s search trends.
Top 5 Areas with Residential Plots for Sale in Karachi
The following areas are currently the hot favourites for investors in terms of plot investment in Karachi.
Scheme 33
Scheme 33 occupies the first place on our list of the top areas with residential plots for sale in Karachi. You can find plenty of investment options in its different subdistricts. The neighbourhoods include Saadi Garden, Saadi Town and Pir Gul Hassan Town among others. 120 and 240 sq yd remain the most popular sizes when buying property in Scheme 33.
Since the area is extremely vast, a 120 yd plot in Scheme 33 starts from PKR 15 lakh and goes as high as PKR 3 crore. Since Scheme 33 is a vast area, comprising a number of housing societies, the difference in the range we just mentioned is huge. Prices of plots of the same size mainly depend on the location. The cost of a 240 sq yd plot in the locality is somewhere between PKR 30 lakh and PKR 5 crore. The asking price of a 400 sq yd plot in Scheme 33 starts at PKR 75 lakh and goes all the way up to PKR 8 crore.
Gadap Town
Gadap Town comes in second place among popular areas with residential plots for sale in Karachi. Situated in the northwestern part of the city, it is one of the largest towns in Karachi. Gadap Town comprises plenty of properties for residential use, making it a feasible choice for people looking for residential plots for sale in Karachi. Plot sizes 120, 240 and 500 sq yd are pretty common in the locality of Gadap Town.
Some popular areas to look for residential plots in Gadap Town that are highly searched include Taiser Town, Surjani Town, Gulshan-e-Maymar, Gulshan-e-Mehran and Garden City.
The price range of a 120 sq yd parcel of land in Gadap Town starts from PKR 4 lakh, going up to PKR 2.5 crore. Again, as discussed above, prices heavily depend on the location of the plot which is why the range is too broad. A 240 sq yd plot is usually the second preference of property buyers, the asking price of which can be as low as PKR 13.5 lakh and as high as PKR 3.5 crore.
Bahria Town Karachi
As of January 2023, Bahria Town ranks third among the top areas for buying residential plots in Karachi. The upscale real estate project has developed a lot in the past few years. It comprises many plots available for sale. Plot sizes of 125, 250 and 500 sq yd are mostly preferred by people looking for property investment in Bahria Town.
The most popular areas to buy plots in this posh residential community are Bahria Sports City, Precinct 15, and Precinct 12.
A 125 sq yd plot in Bahria Town can cost buyers anywhere between PKR 20 lakh and PKR 8 crore. PKR 30 lakh to PKR 10 crore is the price range of a 250 sq yd plot in this area. A 500 sq yd plot in Bahria Town starts at PKR 50 lakh, going over PKR 30 crore.
DHA
Defence Karachi secures fourth place on our list. DHA Karachi is a large, well-planned neighbourhood that is made up of multiple phases extending up to Sea View Karachi, one of the city’s most popular beaches. Buying a plot in DHA Karachi is usually considered a profitable investment opportunity by many people due to the ever-increasing real estate rates in the area. In Defence, people usually come looking for 120, 500 and 1000 sq yd plots.
If you are looking to construct a small house to reside in, a 120 sq yd residential plot in DHA would serve the purpose, which can cost around PKR 1.75 crore to PKR 10 crore. The range can go further up for a 500 sq yd residential plot: PKR 5 crore to PKR 15 crore. A 1000 sq yd piece of land in DHA Karachi has an asking price starting at PKR 7.5 crore that can go as high as PKR 22 crore.
DHA City Karachi
As per the user data, the total searches for buying residential plots in DHA City Karachi have gone up significantly. It is the fourth most popular area to invest in the property market in Karachi. Promising a state-of-the-art lifestyle, DHA City Karachi is one of the newly emerging housing societies in the city. Plots for sale in DHA City are available in different sizes, out of which 125, 500 and 1000 sq yd options are in high demand.
A 125 sq yd residential plot in DHA City Karachi comes with a price range of PKR 30 lakh – to PKR 80 lakh. Buying a 500 sq yd plot can cost you around PKR 68 lakh to PKR 2 crore. A 1000 sq yd plot for sale is considered an expensive property option that has a steep asking price ranging between PKR 1.7 crore and PKR 3.5 crore.
There you have it — our comprehensive guide on top areas with residential plots for sale in Karachi, discussing the most in-demand property sizes and the latest price trends.
We hope the real estate details we have shared above will help you make an informed investment choice. To explore other property options in the megacity, you can check out the following pieces:
- Best Localities for Property Investment in Karachi
- Most Popular Areas to Buy an Apartment in Karachi
- Top Areas with Houses for Sale in Karachi
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