Pakistan’s real estate sector is experiencing an almost tectonic shift as newer housing societies all over the country are contributing to the increase in prices for both residential and commercial units. Consequently, just like many other cities, land in Karachi is also becoming the safest form of investment with high ROI prospects.
One of these latest housing schemes in the city is Punjabi Saudagar Society. Its Phase 1 is located in Scheme 33 Sector 25 A, along Gulzar-e-Hijri Road, and another extension is present in Sector 17-A. This society is surrounded by Karachi Bar Cooperative Society, Incholi Cooperative Housing Society, Abdullah Shah Ghazi Town, and Civil Aviation Society. The scheme is relatively new but already a considerable number of properties in Punjabi Saudagar Society Sector 25 A have been sold and occupied.
Punjabi Saudagar Society is being built on a well-thought-out infrastructure plan that comprises wider roads, parks, mosques, and commercial units. As is the case with most upcoming housing societies in Karachi, properties in Punjabi Saudagar Society are quickly selling out. Depending on your budget and preference, you can easily find 120 and 240 sq. yd. plots in this society. There is a wide variety in the location of these lots as well as their types.
The society is designed to provide convenience and comfort to its residents. Property prices are increasing, but, still, there are many affordable options. For 120 sq. yd., you need to have a budget of PKR 33 lakh to PKR 1 crore. On the other hand, 240 sq. yd. plots can cost buyers anywhere between PKR 1.2 and PKR 3 crore. A unit’s location is the biggest factor that determines its price. Plots closer to commercial units, parks, and main road are usually more expensive than the ones that are not.
Punjabi Saudagar Society has only developed partially. Road networks have been outlined and developers have allocated spaces for schools, but the construction of these structures has not started, as of January 2019. Meanwhile, residents can explore schools in nearby societies. For instance, Civil Aviation Society has Ali Public School, Fusion Institute, Al Saud Grammar School, and the London School of Education. In addition to this, PIDC society also has Quaf Educational Academy and Ghanwar Khan Gabol Goth School.
As far as universities are concerned, Dow International Medical College, University of Karachi, and NED University are easily accessible from here. As far as healthcare is concerned, the Punjabi Saudagar Society is currently working out a plan for a few facilities. Until those are ready, residents can head to Kiran Hospital, Al Rehman Medical Centre, and Dow University Hospital for medical treatments.
Punjabi Saudagar Society is situated close to the Karachi-Hyderabad Motorway. The society is fairly new but basic utilities like gas, electricity, and water are readily available. Nearby, there are several groceries, dairy, and stationery stores. Residents can also visit several mosques situated in the locality. There are a few local restaurants as well, including Chappal Hotel, Frontier Hazara Bedil Café, Sindh Salamat Restaurant, Rashdi Biryani and Pakwan Centre, Shaheen Shinwari Restaurant, Khana Tonight, and Café Saen.
