In the forum section of Zameen.com, a surprising number of visitors were seen concerned about the realty market of Karachi so the research team conducted some interviews and found something really amazing about the city’s real estate.
Many people were of the view that the investors were running away to Lahore and Islamabad. But the question we need to ask is why Bahria gaining such a surprising success in Karachi? Even Emaar, developer of the tallest building in the world, is developing in Karachi! So why do you think that investors would ever turn away from this realty gold mine?
Agreed that Islamabad and Lahore are en route to a brilliant success but Karachi would never give in to the north whenever it comes to real estate. Even today there are certain apartments whose price escalates Rs 1 crore every year! Can you tell me of any other property which can take on par such a boom?
Yes, there is a development which offers people 3 bedroom and 4 bedroom apartments along with exquisite penthouses whose prices raise at a rate of Rs 10 million per annum. Want to know which property is that? I can tell you in only 2 words – Creek Vista! Only four years ago the apartments were priced at Rs 1 Crore but now they are standing resolute at a staggering price of Rs 4 crore!
Mr Abdul Majeed of Defence 4 U Estate is of the view that 2014 will see another addition of Rs 1 Crore to the already overwhelming prices of Creek Vista apartments and penthouses, thus bringing the prices to a staggering Rs 5 Crore. He further implied that the realty market of Karachi is headed for a boom and property transactions will start at a booming rate as soon as March commences.
Truth is, this is Pakistan we are talking about and the nation of our country can sometimes prove be the most peculiar and unpredictable in the entire world. I suppose Pakistan is the only country in the world which has the ability to rise from the ashes and come what may, we Pakistanis can face anything with unity, courage and an enthusiasm which one can find no parallel in the entire world!
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