Karachi, the largest city of Pakistan, holds very interesting titles, including that of 'the cheapest city in the world'. The cost of living here is calculated in terms of the amount one has to spend on food, accommodation and other basic necessities. However, you will be startled to know that when it comes to property rates, Karachi is the most expensive city of Pakistan.
As a thriving coastal city that offers jobs and relatively cheap living, it continues to attract more and more people from across the country. In response to this constant influx, demand for Karachi plots
has gone up and, naturally, the city is expanding northwards. As this expansion continues, we keep seeing great additions to the real estate market. In this regard, it is important to mention Bahria Town Karachi (BTK), a project conveniently located on Super Highway that has not only created competition in the affordable housing sector, but has also compelled competitors to improve their game.
The pace of development work is quite speedy in BTK and although it is a huge housing society, the developer is likely to complete it in the promised time. In fact, the pace of development is the main reason why plots in Bahria Town Karachi
are almost always in demand. Their price appreciation recorded in the past suggests that investor confidence in this project is justified.
In terms of property demand and price rise in Karachi, DHA has remained the top locality to invest in. The constant price ascents seen in the value of plots in DHA Defence Karachi
have made an indelible impression and this project is the most prime one for residential and investment purposes. However, it should be noted that DHA Karachi has run out of space along the seashore to expand beyond Phase VIII and it is widely believed that as soon as these phases mature, investors will head to DHA City Karachi.
Many investors and veterans from the real estate sector have already gauged the importance of DHA City Karachi and are operating extensively here. The price rise recorded in the past for DHA City Karachi plots
is reflective of the fact that this locality has the potential to take over the top spot enjoyed by DHA in due time.
Because of the city's expansion in the south and southeast, areas in the northeast are also becoming more popular. As Karachi is a coastal city, property here has the potential to gain a lot more value in the future. So, make sure you stay updated about the rates of plots in Karachi by keeping a close eye on Zameen.com's property listing pages. Happy browsing!