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Buying a Plot in Karachi

Karachi, the city of lights, is regarded as the backbone of Pakistan’s economy. It is the most populated city in the country with a little less than 15 million people, according to the 2017 census. It is regarded as the trade hub of the country as two largest ports in Pakistan, Port Bin Qasim and Port of Karachi, are situated here. It also houses Jinnah International, which is the largest and busiest airport in the country. The city’s infrastructure is as diverse as it is vast. From Victorian-style houses to contemporary high-rises, Karachi has everything. Despite being home to millions belonging to different cultures, religions, and ethnicities, the city keeps accommodating more people. As a result, there is always an ever-growing demand for residential property in the busy metropolis.

Types of Plots in Karachi

With such a thriving population, it is definitely a wonder that plots in Karachi are not only available but also in an immense variety of location, size and type. Whether it’s posh communities like Clifton, DHA & Bahria Town or affordable areas like Nazimabad, Gulshan, etc., plots can be purchased easily. Some of the highly sought-after residential communities to buy plots in Karachi are DHA City, Naya Nazimabad, Askari, Bahria Town, DHA Phase 6 & 8 and Fazaia Housing Scheme. The standard sizes are 125, 250, and 500 sq yards. You can either buy plot files on cash or opt for easy instalments plan. Furthermore, if you are considering a low-cost but highly profitable area to invest in Gulistan-e-Johar, FB Area, Gulshan, are worth considering, as they possess all the features adhering to the requirements of the low-income group.

Sale Price Trend for Plots in Karachi

The real estate here is regarded as one of the most profitable investment options in the country. As the plots vary in sizes, so do their prices. The sale price of plots depends upon the location and proximity to nearby areas and facilities. In Karachi, you can find a 125 sq yd plot in PKR 2 lakh to 80 lakh. 250 sq yd plot for sale in Karachi can be as low as PKR 4 lakh, which can reach up to PKR 90 lakh and, the price for a 500 sq yd plots ranges between PKR 7 lakh and PKR 7 crore. However, prices can easily go even higher, sometimes up to PKR 15 crore, if the area is larger.

DHA Defence, Bahria Town, and Gulshan-e-Iqbal are some of the best options to invest in plots as these areas have witnessed a constant rise in the sale price during the last year. According to historical data, the price index for 5 marla plots in Karachi shows fluctuations and it can go higher. The price of a 1000-sq. yd plot for sale in DHA Karachi is PKR 73,926 thousand for the year 2018, which was PKR 61,807 thousand a year back. Similarly, the rest of the aforementioned areas have also seen a tremendous rise in the rates and are expected to rise in the future too.

Schools, Universities & Hospitals in Karachi

Karachi has a long list of good schools when it comes to primary education, like The American School, Karachi Grammar School, City School - PAF Chapter etc. which are providing international quality education to the children.

Moreover, students from every nook and corner of Pakistan, and even from other countries, come to this city for higher studies, as it hosts some of the best public and private sector educational institutions. Pakistan’s largest university - ‘Karachi University’ is also situated here. Meanwhile, other internationally recognized universities such as Aga Khan University, Institute of Business Administration, and Szabist,, are also committed to providing quality education.

The health sector here is par excellence. It has a large number of private and public sector hospitals, which are providing tertiary and primary care to the people. Some hospitals like The Indus Hospital, SIUT etc. are providing free of cost, state-of-the-art health care facilities. Moreover, a large group of privately owned hospitals like Aga Khan University Hospital, South City Hospital, National Medical Center, also give medical assistance to patients from all over the country.

Facilities & Security in Karachi

The city that never sleeps has the best nightlife and holds the distinction of having beaches in its heart. It is regarded as the heart of Pakistan. It has many public parks like Park Ibn-e-Qasim, Shaheed Benazir Bhutto park and Aladin amusement park, where people can spend leisure time with their kids. From Quaid’s mausoleum to Pakistan’s first megastructure high-rise Bahria Iconic Tower, Karachi has a lot of spots available for sightseeing.

Being a financial centre of Pakistan, it also offers various job opportunities in the corporate as well as industrial sector. When it comes to security, over the past few years, the law and order situation has significantly improved. The joint efforts of Rangers and Law enforcement agencies have successfully restored the peace and security of the mega-city.

Shopping & Restaurants in Karachi

Karachi will never disappoint foodies as it offers all sorts of delicacies. From the famous Dhoraji Gola Ganda to Burns Road’s scrumptious Behari Kebabs and, last but not the least, Nazimabad’s delicious Biryani, you’ll find it all here. The city’s culinary strength is unbeatable and unmatchable in the entire country.

There are also a lot of shopping avenues. Whether it’s wholesale markets or grand shopping malls, one can find all sorts of shopping destinations in Karachi. Another main attraction of Karachi is Pakistan’s largest shopping center, The Lucky One Mall, which had 100,000 visitors on its opening day. It has dozens of branded boutiques and a food court lined up with multiple restaurants. People across the nation make sure to visit this mall whenever they come to Karachi.

Reasons for Investing in Karachi

Karachi’s real estate market has always been more consistent compared to other cities. Investing in land is something that most investors usually go for, as it is hassle-free with the least chances of loss and a higher degree of profit. Gated communities like Bahria Town and DHA City are offering safe and secure residential and commercial plots. Residential communities like Bahria Town Karachi and DHA City will make you forget the hours-long electricity load-shedding as they have their own power generating systems providing uninterrupted 24/7 electricity supply to its residents. Therefore, Karachi residents can enjoy access to the best shopping malls, educational institutes, recreational activities, etc., with a guaranteed profit in the future if you wish to sell your land.