Expanding at an unbelievable pace, Karachi is on its way to becoming a megacity. Only in the past five years, the city has witnessed a staggering growth in its real estate sector as many projects have started popping up, mostly in its suburbs, such as Bahria Town and DHA City Karachi. So, if you are mulling property investment in Karachi, you have come to the right place. In this blog, we are going to talk about ASF City, Karachi, which is yet another delightful addition to the vast real estate market of the metropolis.
Let’s get started!
More About ASF City, Karachi
Spanning over 3000 acres, ASF City, Karachi, is a brand-new housing project that has been envisioned as “The Smart City of Pakistan.” According to its developers, the ASF Foundation, the residential community is expected to serve as a model for the development of independent housing societies and cities in the future. As per ASF Housing Scheme’s official website, the project’s master planning has been completed in a few months by the joint efforts of the national and international real estate planning experts. One of the greatest highlights of ASF City is its proximity to the Karachi-Hyderabad M9 Motorway. So, what are the other distinct features of the location of ASF City that make it a viable option for people exploring property investment in Karachi? Let’s find out!
Location of ASF City, Karachi
Ideally located adjacent to the Karachi-Hyderabad M9 Motorway, which is one of the most famous motorways in Pakistan, ASF City is well-connected to other popular localities found in the suburbs of Karachi including DHA City, Karachi, which is located right adjacent to it and Bahria Town. To get to Karachi’s city centre from ASF City, it will only take a drive of around 1 hour 35 minutes to reach your destination by following the routes of M9 motorway and Lyari Expressway. Furthermore, the prospective residents of the neighbourhood will be living at a distance of a few minutes’ drive from some incredible family recreation spots, such as Bahria Adventure Land, Bahria Carnival and Kirthar National Park, which is a very famous game reserve in Sindh.
State-of-the-Art Features of ASF City, Karachi
After taking a look at the TVC and the masterplan of ASF City, Karachi, we can safely conclude that the project has been planned to host state-of-the-art facilities and amenities for the assurance of quality lifestyle in the neighbourhood. Some of the key features of the project are:
- serene environment
- robust infrastructure
- 24/7 security
- gated community
- non-stop supply of necessary utilities
- modern public transport and traffic system with smart signals
- sports and fitness centres
- health care facilities
- educational centres
A few of the major landmarks of ASF City that also need to be highlighted here include ASF Grand Jamia Masjid, ASF Mall, ASF Towers, ASF Golf Course, ASF Grand Hotel, ASF Civic Centre and ASF Expo Centre. Moreover, the MoU for the construction of the Grand Jamia Masjid in ASF City, which is going to be located in its Abu Bakar Block has also been recently signed.
Subdivisions of ASF City
The masterplan of ASF City, Karachi, suggests that the housing society features many blocks and subsectors, which offer all kinds of amenities and properties. Some of the major subdivisions of the ASF City are Abu Bakr Block, Hamza Block, Neelam Block, Naran Block, Usman Block, Astor Block, Soan Block, Jafar Block, Ali Block, Educational Enclave (with all the educational centres of the neighbourhood) and Commercial Hub.
Property Investment in ASF City
Following the ongoing trend of Karachi’s property market, the property investment in ASF City, Karachi comes with three major choices: 125, 250 and 500 sq yds. So, if you want to invest in a 125 sq yds plot for sale in ASF City, it can cost you around PKR 16 lakh – PKR 24 lakh. For buying a 250 sq yds plot in ASF City, you will come across the asking price ranging between PKR 26 lakh and PKR 36 lakh. Similarly, the price range of 500 sq yd plots for sale in ASF City, which is comparatively a bigger property option in the neighbourhood, is a bit steep starting from PKR 46 lakh and going up to PKR 54 lakh.
Payment Plans for ASF City
The plots for sale in ASF City also come with easy payment plans. However, the total price of plots may vary according to your selected price plan. For details in this regard, please have a look at the below-given table about payment plans for ASF City.
|Payment Type||125 sq yd||250 sq yd||500 sq yd|
|Full Payment||16 lakh||26 lakh||46 lakh|
|1.5-Year Installment||20 lakh||30 lakh||54 lakh|
|3-Year Installment||24 lakh||36 lakh||60 lakh|
Balloting for ASF City (Plot Sizes and Dates)
Balloting for ASF City has also been conducted for 125, 250 and 500 sq yd plots. It was carried out in October 2019. Moreover, there is another big development for the plot file owners in ASF City. Well, according to the ASF City’s official website, fully paid plot file are now transferable into someone else’s name with the payment of a certain amount of transfer fee, the details of which are given as follows:
- Transfer Fee for Plot Files in ASF City (125 sq yds) = PKR 20,000
- Transfer Fee for Plot Files in ASF City (250 sq yds) = PKR 40,000
- Transfer Fee for Plot Files in ASF City (500 sq yds) = PKR 60,000
Note: The procedure of plot file transfer also includes the process and verification fees, which are PKR 1000 and PKR 2000, respectively.
Contact Information of the ASF Foundation
For the latest updates on ASF City, Karachi, with regards to payment plans and the completion date of the project, you can reach out to the ASF Foundation, the developers of ASF City with the help of the following contact information.
Address: ASF Headquarters, B-280, Old Area, Karachi
Contact Number: 021-111-273-555, 0311-1333225
Email Address: firstname.lastname@example.org
Well, this was our complete overview of the ASF City project in Karachi. If you have any further queries related to the project, you can get in touch with the ASF Foundation by using the contact details mentioned above or you can also email us at email@example.com. You can even head over to our “new projects” section to get more information and the latest updates on ASF City, Karachi.
Meanwhile, you might also be interested in knowing that balloting for ASF Towers, which is another state-of-the-art property project by the ASF Foundation has also been in the mid of November this year.
For the latest updates on real estate developments in major cities across the country, stay tuned to Zameen Blog, Pakistan’s best property blog. Get daily email alerts from our blog section by subscribing to our newsletter.