Investment in property sector of Karachi is becoming difficult as the prices are skyrocketing because of the increasing demand. However, for those who have a limited budget, affordable and well-planned areas like Gulshan-e-Iqbal Town offer quite a lot of options.
The area has 13 union councils: Gillani Railway Station, PIB Colony, Gulzar-e-Hijri, Gulshan-e-Iqbal 1 & 2, Shanti Nagar, Metroville Colony, Safoora Goth, Delhi Mercantil Society, Pehalwan Goth, Jamali Colony, Essa Nagri, and Civic Center. If you want to buy a home in Gulshan-e-Iqbal Town, there is a wide variety in all these councils available. The estimated population of this area is about 6,25,230 and a variety of ethnic groups including Memons, Balochis, Sindhis, and Punjabis reside here.
Of the 13 union councils, Gulshan-e-Iqbal, Gulzar-e-Hijri, Bahadurabad, Al Hamra Society, Adamjee Nagar, and Mohammad Ali Society are a few prominent areas in Gulshan-e-Iqbal Town to buy a house . If you’re looking for a small, affordable space, 120 sq. yd units are easily available here. The area can also be as big as 1000 sq. yd but the price will also get higher for it. However, 500 sq. yd homes are the most popular area size choice among buyers searching in the Gulshan-e-Iqbal locality.
Price trends vary with the area, age, and location of a property. For example, 120 sq. yd. houses in Gulshan-e-Iqbal Town can cost anywhere between PKR 1 to PKR 5 crore, depending on where it’s located and for a 240 sq. yd. accommodation, the investment required is around PKR 2.5 and PKR 6.75 crore. The price range of 500 sq. yd. houses are PKR 4 to PKR 12 crore and for 1200 sq. yd., it’s PKR 8 to PKR 22 crore.
Essential services like electricity, gas, and water are readily available in this society. Some of the areas might experience electricity outage at times, but you can always have back up in the form of generators and UPS devices. Karachi Water and Sewerage Board (KWSB) is responsible for supplying drinking water. The town has a convenient road network, which connects it directly to other parts of the city like Lyari Expressway, PECHS, Shahra-e-Faisal, Gulberg Town, Gulistan-e-Jauhar, Buffer Zone, and North Nazimabad. As far as security is concerned, it is a fairly safe area to live in.
You’ll easily find campuses of some of the best schools in Karachi in Gulshan-e-Iqbal Town; these include Beaconhouse School System, The City School, and The Educators. People from across the city are enrolled in the University of Karachi, on main University Road, to complete their graduate and post-graduate degrees. NED University, Agha Khan University, and Sir Syed University are other top institutions in the area. Residents have easy access to a number of hospitals such as Agha Khan Hospital, Rab Medical Centre, Liaquat National Hospital, and Nadeem Medical Centre.
Gulshan-e-Iqbal Town doesn’t disappoint you when it comes to shopping. Since it’s situated in the centre of the city, you’ll find a large number of commercial pockets here. There are many boutiques, stores, and marts, which can be visited easily for daily necessities. Some of them are Chase Up Value Centre, KDA market, Imtiaz Superstore and Metro Superstore. Even many popular shopping malls like Lucky One Mall, Saima Mall, and Millennium Mall are located close to the area. Some well-known restaurants of the town include Mehran Sajji, Kaybee’s, Dunkin Donuts, Chop Soy, and the very famous Student Biryani.