Scheme 33 has a lot to offer and there are so many housing schemes and societies within it (the total is around 293) that it presents a variety of opportunities for end-users and investors. In our previous blog on Scheme 33, we provided an overarching analysis of the entire project by Karachi Development Authority (KDA).
However, considering that the project is immensely popular with our readers, this is meant as a follow-up of the blog and gives a detailed look at some other lucrative investment options and also caters to people who may be looking to have their homes in Scheme 33.
Teachers Society, Saadi Garden, and Saadi Town, brought up in the previous blog are indeed some of the popular and best options in Scheme 33, several of the interviewed experts agreed. So you might want to check out their prices here.
However, other options were revealed by the experts as well: Pakistan Scientists Cooperative Housing Society, Rufi Pearl City and Punjabi Saudagar Society are some that should definitely be considered.
Whereas, according to the Land Traders CEO Syed Wajahat, the Pak Scientist Society is one of the best options for housing (for genuine buyers), Syed Haroon of True Marketing felt Rufi Pearl City was also a good housing option for genuine buyers. Both agreed that old phases of Punjabi Saudagar Society – that is, its Phases I and II – are good options for genuine buyers as well.
For investors, on the other hand, the best options according to Wajahat, is Punjabi Saudagar Society, while according to Haroon, Rufi Pearl City’s commercial is a fantastic option for investors and good returns can be expected in about 12 months in each case.
Pakistan Scientists Cooperative Housing Society
According to Wajahat, Pak Scientists Society is meant to be an exclusive, very secure, and moderately luxurious society. One of the requirements for getting a plot here is that, at least one of your family members should have a Masters degree. Another factor which serves to make it rather exclusive is that no one can sell their plot for one year after buying it. This ensures that only stable, genuine buyers can buy property here.
Security has been the primary concern of the developers and administration, and no one is allowed in the housing scheme without direct authorisation from the residents, according to Wajahat. Yet another factor that makes it a good option is 200-feet wide main road that passes right in front of the housing society and connects it directly to Super Highway.
Majority of the plots being offered in Pak Scientist Society are 400 sq. yd. plots, while there are relatively few 240 sq. yd. (about 30) and 120 sq. yd. plots (less than 20) as well, though these latter plots will be difficult to find for purchase. Currently, the prices there stand as follows:
|Plot Size||Prices in PKR|
|400 sq. yd.||18,500,000—19,500,000|
|240 sq. yd.||15,500,000—16,000,000|
Rufi Pearl City Bungalows
According to Haroon, Rufi Pearl City is a fantastic option for genuine buyers because they are offering great, ready bungalows that will really attract genuine buyers particularly since M-9 is not far from the housing scheme and is easily accessible by it.
About 200 bungalows are ready, and another 200 are near completion, while still another 400 are going to be launched later. Apartments are also going to be available in the housing scheme. The bungalows are available in various sizes and they are priced as follows:
|Bungalow Size||Price in PKR|
|120 sq. yd.||11,500,000|
|150 sq. yd.||13,500,000|
|200 sq. yd.||17,500,000|
Punjabi Saudagar Society
According to Wajahat, Punjabi Saudagar Society is one of the best options for investment in Scheme 33. While Phase I and II have already matured and, he explained that these are good options for genuine buyers. Meanwhile Phases III and IV are fantastic options for medium term investment. As it is, prices in Phase I for 120 sq. yd. plots stand at PKR 7.5 million. While the prices for same size of plots hover around PKR 6.5 million in Phase II.
Meanwhile, in Phase III, 120 sq. yd. plots are priced at PKR 3.3 and in Phase IV, they stand at PKR 3.8 million. Wajahat was confident that fantastic profits can be expected there in about 6 to 12 months.
Rufi Pearl City commercial area
Another interesting option for investment, according to Haroon, are commercial plots in Rufi Pearl City. He explained that this entire area around Sector 49-A, which includes Punjabi Saudagar Society, has seen great appreciation of prices in the past year and yet more appreciation can be expected in the next 24 months, particularly in the commercial area.
He revealed that people who had bought commercial plots for about PKR 9 million about 9 months ago, are now being offered almost double that for the plots. He estimated that anyone who invests in commercial now can expect double the profits in about 24 months.
Anyone who buys the plots and constructs apartment buildings on them will make huge profits since a single three-bed apartment can be sold for as much as PKR 8.5 million, Haroon observed. Currently, the 200 sq. yd. plots are priced at around PKR 35 million.
Are you looking to invest or buy a house in Scheme 33? Do you have any questions about it? You can talk to us in the comments section. You can also head to Zameen Forum for a detailed conversation.