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Buying a House in New Karachi

Karachi’s real estate sector owes a lot to its older areas, which have stayed in investor’s demand for a long time. One of these areas is New Karachi Town, a middle-income residential area, located in the northern side of Karachi. It has two major roads passing on either side called Shahrah-e-Zahid Hussain and Surjani Road. The town holds a central location between North Nazimabad, Gulberg, and Gadap Town.

As per 2017 census, the population of New Karachi Town is approximately 871,000. The area has 13 union councils namely Shahnawaz Bhutto Colony, Mustafa Colony, Gulshan-e-Saeed, Khamiso Goth, Khwaja Ajmer, Faisal Colony, Madina Colony, Kalyana, Sir Syed, Hakim Ahsan, Abuzar Ghaffari, Fatima Jinnah Colony, and Godhra.

Types of Houses in New Karachi

The society has a simple infrastructure but the houses are built close together, making the streets a little congested. It is divided into Sectors 1, 2, 3, 4, and 5; the last one is sub-divided into 5-A, 5-B, 5-C, 5-D, 5-E, and 5-F. Properties in New Karachi are best suited for investors from middle-income groups mainly. Plot sizes that are commonly used to build houses include 80 and 120 sq. yd. However, of these,  120 sq. yd. houses up for sale in New Karachi are more common.   

Sale Price Trend for Houses in New Karachi

Each sector of New Karachi has a different real estate value. The ones that are in high demand have high property prices. However, overall, 80 sq. yd. house has a sale price between PKR 15 lakh and 1 crore. For 120 sq. yd. houses, the range is from PKR 48 lakh to 2 crore. These prices might go up and down depending on the economic situation of the city.

Facilities & Security in New Karachi

New Karachi is located in the main city, so public transport can be accessed quite easily. Water supply is managed by the Karachi Water & Sewerage Board, K-Electric provides electricity to the neighbourhood. In addition, the gas, sewerage, and sanitation lines are also in satisfactory condition.

New Karachi is a well-developed locality with about 207 mosques, 4 churches, 10 Imam Bargahs, and a mandir. Plus, it’s home to famous parks like Muhammad Shareef (Shaheed) Park, Abu Nasar Park, Nazir Hussain Park, and Afza Family Park. The town also houses one of the few cricket stadiums present in Karachi called Ibn-e-Qasim Cricket Stadium.

Schools, Universities & Hospitals in New Karachi

New Karachi has both government and private sector schools to cater to students of all socioeconomic backgrounds. Prominent names include Govt. Girls School in Sector 5-G, APWA Govt. Boys School and Tajia Little Angels Secondary School in Sector 5-E, New City Academy School and Irfan Public School in Sector 5-F, and Winner Grammar School in Sector 5-D. Some prominent higher education institutes like Khadim Ali Shah Bukhari Institute of Technology (KASBIT) and Iqra University are also present near New Karachi.

Amna Medical Centre, Erum Hospital, Yousuf Memorial Hospital, and Qadri Medical Centre are some of the major healthcare facilities in the neighbourhood.

Shopping & Restaurants in New Karachi

The most famous commercial areas and markets in New Karachi, where people shop for everyday necessities are Chand Market and Bashir Chowk in Sector 5-G, Gosht/Sabzi Market in Sector 5-J near Sindhi Hotel, Lal Market in Sector 5-F, and Usmania Bazar in Sector 5-B. New Karachi is also in close proximity to a few malls like Omega Mall, Karachi Shopping Mall, and Afshan Shopping Mall. In terms of food, the neighbourhood is well-served by dozens of eateries that offer delicious local food. The most-recommended names are Makkah Hotel Restaurant, Rajasthan Kababish & Roll Paratha, Pizza Lab, Roll n Roll, New Taste World, Shah Family Restaurant, and GM Fast Food & Restaurant.