Hyderabad is the second most developed city in Sindh. It is just 140 kilometres away from Karachi — hardly a two-hour drive through M9 Karachi-Hyderabad Motorway. Being so close to the largest city of Pakistan, Hyderabad has adopted a lot of things from Karachi, including real estate trends. The roads, buildings and apartment complexes in one city bear a striking resemblance to these structures in the other one.
There are some differences, of course, especially when it comes to pricing. For example, a 240 sq yd, furnished house for sale in Hyderabad will most probably not be as expensive as a unit of the same size in Karachi. This is one of the main reasons why people moving from smaller cities in Sindh prefer Hyderabad to Karachi.
However, there’s a lot more to the real estate market of Hyderabad. Have a look:
Where To Look for a House For Sale in Hyderabad?
A residential unit in Hyderabad is classified into different types based on its covered areas and number of bedrooms. However, newly built properties are usually priced higher when compared to older constructions. The city of Hyderabad has many different housing societies comprising properties of different styles. One unit, single-storey, double-storey and multi-storey houses — the city has it all. So, let’s learn more about the areas you should be looking for when buying a house in Hyderabad.
Qasimabad is in the western part of the city. It is the very first neighbourhood you should be focusing on when hunting for a house for sale in Hyderabad. It is also one of the most famous neighbourhoods in Hyderabad. This area comprises many old and new localities with different facilities like public parks, expressways, shopping centres and most importantly Rani Bagh Zoo. While searching for a house for sale in Qasimabad, you will come across many different prices like the cost of a 120 sq yd house here starts from around PKR 25 lakh to 1.5 crore. Similarly, the price of a 240 sq yd house in Qasimabad ranges between PKR 90 lakh and PKR 2.75 crore. Mehran University of Engineering and Technology will also be a few minutes away from you if you choose to reside in one of the neighbourhoods in Qasimabad.
Latifabad is one of the busiest neighbourhoods in Hyderabad, which is found in its suburbs. It is divided into multiple divisions, known as units, and is home to a number of famous colonies of the city. Connected to Autobhan Road, which is an extremely useful expressway of Hyderabad, Latifabad is home to many popular eateries and traditional cafes. It has a vast network of streets running all through it, making it easier for people to navigate through the area.
The township of Latifabad has a large number of residential units for sale with different price tags, depending on their types and sizes. For example a 120 sq yd bungalow has a price range starting from PKR 20 lakh, going up to PKR 1.8 crore. In the same way, a 240 sq yd house in Latifabad usually has a price ranging between PKR 1 crore and PKR 4 crore. Another thing that adds to the significance of Latifabad is that it is just a few kilometres away from the River Indus.
Gulshan-e-Zeal Pak Central Housing Society
If you are looking for a house for sale in Hyderabad surrounded by a peaceful neighbourhood, then you must have a look at Gulshan-e-Zeal Pak Central Housing Society. It is a residential area located not too far from the city centre with multiple types of housing options. Single and double storey, one unit bungalow and separate portions; different types of houses are available for sale in Gulshan-e-Zeal Pak CHS. Two of the most popular property types in this area are 120 and 240 sq yd houses having prices starting from PKR 8 million, going up to PKR 10 million and from PKR 75 lakh to PKR 2.5 crore, respectively. Another key feature of Gulshan-e-Zeal Pak CHS is that it is just a few kilometres away from the Site Area of Hyderabad and Hyderabad-Badin Road.
Defence Housing Society
The progress of the real estate development is underway in the Defence Housing Society in Hyderabad. It is one of the most peaceful residential communities in the city and a posh neighbourhood. The houses for sale in Defence are pricier than in the other areas but most of them are well-constructed and well-located. So, if you are interested in buying a house in Defence Housing Society of Hyderabad, then you will experience prices usually ranging from around PKR 6 crore to PKR 10.5 crore. Residents belonging to area of Defence in Hyderabad have many famous shopping destinations located just a few kilometres away via the very famous route of Thandi Sarak.
Located within the area of Qasimabad is a residential community known as Gulistan-e-Sajjad. It is a calm neighbourhood that is conveniently linked to Jamshoro Road, Hyderabad Bypass and Happy Homes Road. Having public parks and many other facilities nearby like masjids, refilling stations, schools, markets and shopping centres, Gulistan-e-Sajjad is another ideal place for home buyers in Hyderabad to begin with their property search. So, while looking for a house to buy in Gulistan-e-Sajjad, you will come across multiple options. Some of them would be cheap while others would be a bit expensive options for home buyers in Hyderabad. For example, if you want to purchase a 120 sq yd house here, then its cost normally starts from around PKR 60 crore and can go as high as around PKR 1.11 crore. Similarly, other options that are bigger in size are priced between PKR 1.9 crore and PKR 5 crore.
In a Nutshell
Calling Hyderabad ‘a mini version of Karachi’ wouldn’t be an exaggeration. It has all the amenities and features that are essential for a city to facilitate its people. Plus, it is not that far from Karachi and travelling between these two cities has become more convenient after the construction of M9 Motorway.
Hyderabad is not just famous for its Coffee Cake from Bombay Bakery, fish or bangles anymore. The city is fast becoming a viable alternative to the real estate market of Karachi.