Karachi is known as the biggest metropolitan area of Pakistan and, understandably, real estate in this megacity is extremely vast. Being a hub of all major economic activities in Pakistan, the real estate in Karachi provides a plethora of options to thousands of people hunting for properties in the city, almost on a daily basis. Due to many of these factors, a lot of people also desire for property investment in Karachi. So, let’s shed light on the top areas in Karachi that have been searched by people looking to buy property in Jan 2019.
Scheme 33
Proposed by KDA, Scheme 33 is one of the largest housing projects of Karachi that features 54 sectors. This project has also gained a lot of popularity in recent times causing a constant rise in its real estate value. Of the total conducted searches for buying property in Karachi, Scheme 33 has managed to retain the first position with 12.8 percent. Sector 17-A, Saadi Garden and Saadi Town are the three most searched localities in Scheme 33.
A large variety of houses in Scheme 33 is on sale. Buying a 120 square yard house may cost you an amount ranging between PKR 25 lakh and PKR 2.8 crore. Similarly, if you go for a 250 sq yd house, you need to have a budget of PKR 1.1 crore to PKR 2.5 crore. However, a 400 sq yd house is a more expensive option, usually priced around PKR 90 lakh – PKR 5 crore
There is an abundance of flats for sale in Scheme 33. For owing a 2 bedroom apartment in this area, you have to pick a property having price tags ranging from PKR 15 lakh to over PKR 1 crore. However, a 3-bedroom apartment seems to be a more convenient option if you have a bigger family; its cost usually swings between PKR 26 lakh and PKR 1.5 crore.
Scheme 33 is under construction, which means there are plenty of residential plots available in this area for property buyers. For a piece of land of 120 sq yd, the cost can be anywhere between PKR 5 lakh to PKR 1.8 crore. A slightly bigger option is a 240 sq yd plot, which usually has a price range of PKR 20 lakh – PKR 3.5 crore. Another popular property type in Scheme 33 is a 600 sq yd plot, the cost of which ranges between PKR 20 lakh to PKR 6 crore.
Gadap Town
Found in the northwestern part of the city, Gadap town is a very famous locality found in the suburbs of Karachi with the Hub River in its west. A lot of real estate development is underway in Gadap Town, which is makes it an important part of real estate in Karachi. Gadap Town is also one of the areas in the city that appeared the most in property searches, reaching a figure of 12.6 percent of the total searches. Three of the most trending areas of Gadap Town are Surjani Town, Taiser Town and Gulshan-e-Maymar.
While searching through houses for sale in Gadap Town, you will come across properties with many different asking prices. For example, for a 120 sq yd house in Gadap Town, the price range of PKR 15 lakh to PKR 1.5 crore has been generally observed. Similarly, the cost of a 240 sq yd house varies between PKR 40 lakh and PKR 2.7 crore. For a 500 sq yd house, you might come across price tags, starting as low as PKR 2.5 crore and going as high as PKR 5.25 crore.
Flats for sale in Gadap Town come in different styles and sizes. People usually prefer buying 2-bedroom apartments, the cost of which ranges between PKR 6 lakh and 75 lakh. Similar, a 3-bedroom apartment that is bigger in size has a cost commonly ranging between PKR 17.5 lakh and PKR 1.07 crore.
A large part of Gadap Town is under construction. Since the area is huge, it has an abundance of residential plots available for sale. A piece of land measuring 120 sq yd located in Gadap Town has a price range of PKR 2 lakh – PKR 1.3 crore. A 240 sq yd plot in the area of Gadap Town comes with the lowest price of PKR 8 lakh and the highest price of around PKR 3 crore. The price tag of a plot measuring 500 sq yd falls in the range of PKR 50 lakh and PKR 3.15 crore.
Having a total of 11.1 percentage of searches conducted by property buyers for different areas in Karachi, Defence Housing Authority, abbreviated as DHA, comes in the third position in our list. Phase 5, 6 and 8 remained three of the most searched vicinities in DHA.
Famous for its posh lifestyle, the houses for sale in DHA Karachi are well constructed and are available in different types. A 120 square yards house in Defence has a starting price of PKR 3.3 crore that can go all the way up to PKR 5.5 crore. In case, you are willing to buy a 250 square yards bungalow, the price of it usually ranges between PKR 4.5 crore and PKR 6.6 crore. The price range of PKR 5 crore – PKR 18 crore is usually observed for a 500 square yards house in DHA that is quite high.
Apartment buildings are found in abundance in usually commercial areas of DHA Karachi. Existence of posh apartment project like Creek Vistas adds great value to the variety of flats available for sale in Defence Karachi. Two bedroom flats for sale in DHA are offered between the price range of PKR 45 lakh and PKR 4.75 crore. Similarly, a 3 bedroom apartment has a price tag ranging between PKR 65 lakh and PKR 7.7 crore.
Like other property types, the rates of plots located in DHA are also high due to better environment and security. The buying cost of a 120 sq yd plot in DHA is somewhere between PKR 1.8 crore and PKR 3.4 crore. To purchase a 500 sq yd plot, you might have to search through properties starting at PKR 3 crore, going over PKR 15 crore. Another popular property type in DHA is a 1000 sq yd plot, the price of which can be as low as PKR 7.5 crore and as high as PKR 23 crore.
Bahria Town, which needs no introduction, has now become one of the most sought-after residential areas in Karachi. Acquiring a percentage of 7.6 of all property searches, Bahria Town Karachi lands on the fourth position in our list of Karachi’s top areas, in terms of popularity in the real estate sector. Precinct 12, Bahria Paradise and Bahria Sports City are the top three localities in Bahria Town that people are mostly interested in.
Bahria Town Karachi has houses available for sale of different types having cutting edge designs and modern built. A 125 sq yd house in Bahria Town is priced between PKR 41 lakh and PKR 1.25 crore. The second most popular property type is a 250 sq yd house, the price of which normally varies between PKR 1 crore and PKR 3.25 crore. Starting from as low as PKR 1.6 crore and going over PKR 3.5 crore, the price range of 500 sq yd bungalows in Bahria Town shows some interesting variations for buyers.
Following the footsteps of the lifestyle followed in Karachi, Bahria Town features many apartment buildings, featuring different types of flats available for sale. A 2-bedroom flat for sale in Bahria Town is offered at a price range starting at PKR 25 lakh, going all the way up to PKR 1 crore. A 3-bedroom flat in Bahria Town Karachi is usually opted by people with bigger families. It can cost buyers anywhere between PKR 50 lakh and PKR 1.78 crore.
The real estate development in Bahria Town is in full swing and there are plenty of areas in it having well-located plots on sale. A tract of land measuring 125 sq yd in Bahria Town is available for PKR 5 lakh to PKR 3 crore. To own a 250 sq yd plot, you need to have a budget of PKR 10 lakh to PKR 3.5 crore. A 500 square yards plot in Bahria Town Karachi normally comes with a price tag of PKR 13 lakh – PKR 2.25 crore.
Known as one of the major neighbourhoods in Karachi, Gulistan-e-Jauhar stands among the fifth most popular area in the city that has appeared in 7.5 percentage of the total searches done by property buyers. Block 12, 13 and 15 are the three top-performing blocks in the area, according to the findings based on searches on Zameen.com.
The residential real estate of Gulistan-e-Jauhar is extremely vast with many types of houses available for sale. A 120 sq yd house falls in the PKR 70 lakh to PKR 2.5 crore range. Those looking for a slightly bigger option can explore 240 sq yd houses with a price range starting from PKR 2 crore to PKR 5.6 crore. A 600 sq yd house is an even more spacious unit, the price of which can be as low as PKR 3.8 crore and can go as high as PKR 13 crore.
There are plenty of options in Gulistan-e-Jauhar for people interested in buying flats. A 2-bedroom apartment, which is the most in-demand property type in Gulistan-e-Jauhar, normally has a starting price of PKR 18 lakh that can go all the way up to PKR 1.5 crore. Bigger apartment options like a 3-bedroom apartment in Gulistan-e-Jauhar has a higher price tag of PKR 24 lakh to PKR 2.1 crore.
Plots of different sizes are available for sale all across the area. A 120 sq yd plot in Gulistan-e-Jauhar is one of the most preferred property types. It has a price range of PKR 25 lakh–PKR 1.75 crore. Another highly in-demand property is a 240 sq yd plot, the price of which can be as low as PKR 45 lakh and as high as PKR 3 crore. If you are interested in a 600 sq yd plot, then you need to have a big budget of PKR 2.5 crore and PKR 7.5 crore.
In addition to the aforementioned areas, there are many other localities in Karachi that are popular among those looking for property for sale in Karachi, such as Gulshan-e-Iqbal Town, Malir and North Nazimabad.
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Can you please inform about reliable housing schemes in Scheme 33 and Gadap Town. Thanks
Shahid