Top 3 Valuable Property Buying Areas in Karachi
Pakistan’s largest city Karachi holds a magnificent place due to its amalgamation of different culture reflection, traditional efficacy, and free-living style showing different colors in one frame. Being a part of Sindh province, the city is located on the Arabian Sea eastern coast covering an area of 3,782 km sq. Karachi is accommodating 16,094,000 people and the city is expanding continuously.
The two largest seaports of Pakistan: Port Bin Qasim and Karachi Port are the part of the city of lights. Karachi has much to offer to its citizens and the biggest attraction is the sea where people refresh their soul. The other visiting attractions are modern parks, developed shopping malls, traditional markets, cafes and restaurants. It is contributing to the growth of Pakistan’s GDP and adding important chunks to its success.
Karachi is bringing investment opportunities and its valuable areas are attracting people to live in this city. REDBOX ESTATE is offering worthy areas for investment.
The top 3 areas for best investment include:
- DHA Karachi
- Bahria Town Karachi
- Scheme 33
1.DHA Karachi
DHA is a well-known housing authority serving a massive community with luxurious and standard living. It has 8 phases and it is covering an area of 20,000 acres. Properly developed on town planning, DHA offers infinite facilities with a systemized network process, developed roads, organized parks, high-end markets, institutions, expensive restaurants, and hospitals.
It is easily approachable from different areas, it connects from Shahra-e-Faisal on about 20 to 25 minutes' drive. The main Korangi road also leads to DHA in 12 minutes while the distance from M-9 Motorway is about 2.1 km.
Coming to the residential, commercial, flats, villas, and house for sale in DHA Karachi, it has various opportunities. The prices of the plots vary according to their sizes.
- 100 sq. yards - 120 sq. yards ranges from Rs25 million to Rs35 million
- 200 sq. yards - 250 sq. yards have prices from Rs42 million to Rs47 million
- For 500 sq. yards the price measuring between Rs45 million to Rs100 million
For constructed houses in DHA, the cost is different depending on the size of a home.
- The cost of 120 sq. yards ranges between Rs45 million to Rs60 million
- For purchasing of 250 sq. yards the price line up between Rs65 million to Rs75 million
- The estimated price of 500 sq. yards is between Rs80 million to Rs130 million
The prices of apartments differ accordingly.
- 900 sq. ft. – 1080 sq. ft. has the cost between Rs7.5 million to Rs15 million
- 2100 sq. ft. – 2250 sq. ft. ranges between Rs25 million to Rs60 million
- 3200 sq. ft. – 5000 sq. ft. measuring between Rs70 million to Rs140 million
The commercial property prices range from:
- 100 sq. yards – 200 sq. yards cost Rs50 million to Rs380 million
- 500 sq. yards – 1000 sq. yards price Rs250 million to Rs800 million
The prices of every residential and commercial plot change according to market conditions.
2. Bahria Town Karachi
The notable and the most talked about project owned by the biggest business tycoon of Pakistan Malik Riaz. It has golden opportunities for investment purposes and future growth. Bahria Town is itself a mini-city containing all the necessities of life. It falls under the top investment area and has various plots for sale.
It is spread over an area of 46,000 acres has a route from Super Highway with a distance of 9 kilometers. Talking about living standards and security, it has left many societies and projects behind. The well-planned and managed systematically, Bahria Town has attracted many investors within Pakistan and outside the country too.
Bahria Town Karachi plot prices vary with sizes and on the precinct locality. The cost ranges between:
- 125 sq. yards Rs 1.7 million to Rs5 million
- 250 sq. yards Rs 2.8 million to Rs15 million
- 500 sq. yards Rs 4.8 million to Rs18 million
The prices of houses in Bahria Town Karachi vary with location and plot sizes.
3.Scheme 33
Scheme 33 has been doing great in the real estate market and has had enormous achievement with its different endeavors. It stands on top regions of Karachi and what makes it not quite the same as Bahria Town is it comes in the middle of the city where individuals are more intrigued to settle.
Located in Scheme 33, Rainbow Twin Towers is an exceptional opportunity for investors and end-users looking for a prime residence. But why is it exceptional? The city of lights is welcoming about 45,000 people on a monthly basis through migration. The population has increased to over 20 million, reported in 2015 (The IGC, 2016). This rate is increasing by 5-6% per year. Developers are more interested in apartments or vertical cultures like many developed cities of the world such as Chicago, New York, and Denmark. This allows accommodating multiple families in little space. Also, modern cities follow this culture for better living and security.
Keeping in mind, Patel Builders and Developers have focused on creating this project named, Rainbow Twin Towers in Scheme 33. After Gulistan e Jauhar, Scheme 33 has become the center of attraction for new apartments. This project is based on 108 apartments with different amenities such as parking lots, nearby schools, hospitals, gardens, commercial units, and a flexible environment. They are offering 2-bed and 3-bed apartments with affordable payment plans after minimal down payment. Purchasing property in Karachi is made easier by such thinkers who allow affordable living and flexible pay-schedules for the upper-middle-class community moving to the city.
REDBOX is dealing in all these top areas and offering high-standard living. For any query and details regarding investment in the above top-notch areas, visit Redbox. Estate.
