Based on an ever-expanding urban sprawl and probably the most interesting property market in the country, Karachi is undoubtedly a megalopolis. As the largest city in Pakistan, it is serving as the economic engine of the nation for decades, thereby attracting migrants from different regions of the country by providing them with better educational and livelihood opportunities. This factor not only promotes the cultural diversity of the city but is also causing its population to swell dramatically with time.
In recent years, a majority of the city’s main urban centres have become densely populated and now offer very little space for new developments. This is why property developers and stakeholders have now shifted their focus towards the development of suburbs and high-rise structures in the metropolis.
So, if you are mulling investment in such a large-scale and rapidly evolving real estate market, but are not sure where to begin your property hunt, then this blog will help you to narrow down your choices. Here we have rounded up the most popular areas with property for sale in Karachi, as of June 2022.
Now, without further ado, let’s get started!
Top Areas with Property for Sale in Karachi
Based on the volume of searches on Zameen.com — Pakistan’s most trusted property portal, here are the top five areas to buy property in Karachi, as of June 2022.
To many people, it may come as a surprise that Scheme 33, commonly known as Gulzar-i-Hijri, is the most-searched area to buy property in Karachi. Well, it is mainly because the area is still under development and investment options here are widely available and a lot cheaper than in many other areas in the city. Also, keeping in view the general market practices, the real estate value of Scheme 33 is expected to go up with time as the development of infrastructure and other facilities progresses.
The neighbourhood was founded in 1971 to provide robust yet low-cost housing solutions to the people of Karachi. Location is another prominent factor behind the immense popularity of Scheme 33 among investors. It falls in proximity to other very famous localities of the city including Gulshan-e-Iqbal, Gulistan-e-Jauhar, Gulshan-e-Maymar, and Malir Cantt. On top of it, the area is also directly connected with Karachi-Hyderabad M9 Motorway.
It’s a large-scale development that spans more than 26,026 acres and has the capacity to host hundreds of housing schemes. Parts of Scheme 33 that are located within the city limits have already been developed and populated while the rest of the project that falls in the suburbs is still under construction, leaving investors with a wide variety of property options. So, now you may be wondering where to invest in Scheme 33?
Well, according to user behaviour on Zameen.com, Saadi Town and Saadi Garden have come out as the top two localities for property investment in Scheme 33. Both of these localities are connected with the M9 motorway and are located near the Northern Bypass flyover. Their well-connected location greatly adds to the real estate significance of both Saadi Garden and Saadi Town. To get to know all about Scheme 33, read our detailed blog on this popular neighbourhood in Karachi.
Another very popular real estate development in the suburbs of Karachi is Gadap Town. It is directly linked with the Northern Bypass, which further connects many major roads in the city. Easy accessibility and cheaper property prices have made Gadap town quite famous among property investors and home buyers in Karachi.
Spanning 1200 kilometres, Gadap Town is a mix of densely populated and under construction societies. According to search trends recorded on Zameen.com, Taiser Town and Gulshan-e-Maymar are currently the two most searched localities in the area. Planned with ample urban open spaces, Gulshan-e-Maymar offers a peaceful and serene environment to its residents.
It is a partially developed and sparsely populated locality. Many of the roads leading to Gulshan-e-Maymar are in a dilapidated state. This is one of the key reasons why property prices in the area are quite less than in many other parts of the city. This affordability factor has made it one of the most preferable localities for property investment in Karachi. Considering the way the property market behaves in the city, investors and genuine buyers are aware of the fact that the real estate value of Gulshan-e-Maymar will continue to rise with the progress of infrastructure and property development in the area.
On the other hand, the property hunters in Gadap Town are also showing a lot of interest in Taiser Town. It is also mainly because of the availability of affordable investment options. It is a large-scale development mainly divided into two phases and dozens of sectors. The property occupation and possession process is still underway in Taiser Town and balloting events are held every now and then. Like any other new development in the City of Lights, it is also a well-planned housing scheme envisioned with all the necessary neighbourhood amenities and family-friendly facilities.
Probably one of the oldest and poshest neighbourhoods in the city, DHA Karachi is also making it to the list of top areas to buy property in Karachi for a long time now — and for good reason. It’s a master-planned residential community with a large network of well-paved roads, which connects the entire neighbourhood. Moreover, the society has its very own security management that works side by side with the local police.
Carefully maintained and looked after by the Cantonment Board Clifton (CBC), Public parks and recreational spots found in the area of Defence are famous all over Karachi. It is divided into seven phases and their extensions. Phase 5 of the residential community touches the coastline and hosts Karachi’s very famous Sea View Beach. It also shares boundaries with the area of Clifton, which is another well-to-do neighbourhood of the city.
Home to Nueplex Cinemas, Moin Khan Cricket Academy, and Creek Vistas, Phase 8 is the top-performing neighbourhood of DHA Karachi according to Zameen.com’s search trends. It has beautifully designed beachfront houses and a serene environment with plenty of urban open spaces and greenbelts. Since it is comparatively a newer development, it is not much populated and has plenty of vacant residential and commercial plots. Do Darya, one of Karachi’s most famous nightspots is also found in the neighbourhood.
When it comes to popularity, DHA Phase 8 is followed by DHA Phase 6. The second-most famous phase of Defence enjoys the most central location in the neighbourhood and has easy access to almost all phases. DHA Phase 6 also hosts some of the best commercial areas of DHA Karachi including Seher Commercial, Shahbaz Commercial, and Bukhari Commercial.
One of the many perks of living in DHA Karachi is that you can lodge a complaint with CBC to notify the authorities about the issues that need to be addressed. Also, DHA Karachi enjoys a well-connected location. Phase 1, 2, and 7 of the neighbourhood are connected with Korangi Road, which further links it with Shahrah-e-Faisal and many other important roads in Karachi.
On a side note, if you are seeking a lucrative commercial investment opportunity, then you should consider investing in Bali Business Boulevard. Located in DHA Phase 2, the project enjoys a prime location and has been equipped with all modern-day facilities. The project is also expected to yield rewarding capital gains down the road. If you want to learn more about the location, investment options, and features of Bali Business Boulevard, take a look at this blog.
Bahria Town Karachi
Known as one of the poshest neighbourhoods in the suburbs of the city, Bahria Town Karachi has become one of the top choices among property investors in the region. According to the data observed on Zameen.com’s search trends, it has retained its position among the top real estate projects in Karachi for the last few years. One of the biggest reasons behind this popularity of Bahria Town Karachi is that it brings a plethora of budget-friendly yet pretty decent investment opportunities to the table for home buyers and investors alike.
Owned and managed by the same real estate company, the urban development patterns of Bahria Towns in Karachi, Lahore, and Islamabad are almost identical. All three neighbourhoods boast state-of-the-art planning, world-class facilities, and a robust infrastructure. Bahria Town Karachi is the latest addition to this list. With an area of 68.37 square kilometres, it is also the largest Bahria Town developed in the country yet.
Despite being far away from the city centre, commuting from Bahria Town to Karachi and vice versa seems pretty convenient. The project is located on Karachi-Hyderabad M9 Motorway and has its very own dedicated interchange. The neighbourhood is based on many precincts, which have been divided into residential and commercial districts. So, where to buy property in Bahria Town Karachi?
Well, the answer is right here. Based on the user behaviour on Zameen.com, Bahria Sports City and Precinct 12 appeared to be the top subdistricts in Bahria Town Karachi where people are searching for properties. Both of these localities are home to some of the biggest industrial zones and green spaces in the neighbourhood.
Officially advertised with the tagline “Live an active lifestyle”, Bahria Sports City is another groundbreaking development taking place in Bahria Town Karachi. Home to some of the neighbourhood’s most prominent landmarks like the soon-to-be-completed Rafi Stadium, it has become a highly popular subdistrict for property investment in the suburban residential project. Bahria Sports City is famous for its ready-made Sports Villas, each of which spans 350 sq yds and offers world-class features.
Precinct 12, which is popularly known as Ali Block, has also been a popular choice among property buyers for quite a long time now. A well-connected location along with the availability of small-sized properties in abundance like 125 sq yd plots, which are considered a budget-friendly option for property investment are probably the biggest factors behind the immense popularity of Precinct 12 in Bahria Town Karachi.
Living in these subdistricts of Bahria Town, you can enjoy easy access to Midway commercial, the neighbourhood’s most popular commercial centre as well as major fun and entertainment landmarks including Bahria Adventure Land and Raiha CineGold Plex Cinema, which now also hosts a drive-in cinema. To learn more about the state-of-the-art facilities in Bahria Town Karachi, read our detailed blog about them.
Projects like Theme Park Residency, Empire Icon, and Executive Residency are some of the most remarkable additions to the real estate market of Bahria Town. Besides offering top-notch urban conveniences, these residential complexes also promise high capital gains within the next few years.
Gulistan-e-Jauhar is one of the oldest and probably the liveliest neighborhoods in the city. A large part of its real estate is based on apartments. Residential high-rise buildings now dominate the skylines of the neighbourhood. Owing to its central location, Gulistan-e-Jauhar is home to some of the most popular shopping and entertainment landmarks in the city including Millenium Mall and Nueplex Cinemas.
Gulistan-e-Jauhar is also linked with the Jinnah International Airport, Karachi, via the route of Shahrah-e-Faisal. It’s a vast neighbourhood that has been further divided into 20 blocks for easier navigation. As per the user data fetched from Zameen.com, Block 14 and 15 of Gulistan-e-Jauhar have emerged as two of the most popular areas with property for sale in Karachi.
Located side by side, these two blocks of the society are directly linked with Jauhar Chowrangi Road, which intersects with University Road near Safari Park. Residents of Gulistan-e-Jauhar enjoy easy access to neighbourhoods like Gulshan-e-Iqbal and Federal B. Area. Karachi University is also a few minutes’ drive away from the area.
Top-notch healthcare and educational facilities like Darul Sehat Hospital and COMMECS College are also found in the vicinity. Since it is one of the city’s most sought-after neighbourhoods, some of the best recreational spots in Karachi including Pavilion End Club, Super Space Karachi, and Aladdin Park are also found here, which is also one of the greatest perks of living in Gulistan-e-Jauhar. With a lot happening around, property investment in Gulistan-e-Jauhar seems to be an interesting option.
Now, let’s talk about The Mega Mall & Residency. It is one of the most centrally located mixed-use developments in Karachi. The project is rising from the prime location of Jauhar Chowrangi, which makes it conveniently accessible from many key landmarks and facilities in the vicinity including Darul Sehat Hospital, Safari Park, Habib University and Karachi University.
It is also going to host the upcoming branch of the Chase Up departmental store in Gulistan-e-Jauhar, which greatly adds to the project’s commercial significance. 24/7 security surveillance, ample car parking, power backup, and a BBQ area are among some of the prominent facilities and amenities that you’ll get to enjoy while living or visiting The Mega Mall & Residency.
Approved by all concerned authorities, The Mega Mall & Residency is a worthwhile investment opportunity. The investors of the project will be able to enjoy up to 40% capital gains as well as a 6-7% rental yield within the next few years. The development work of the mixed-use building is in full swing and is expected to be completed and delivered by 2025.
This brings us to the end of our list of the most popular areas to buy property in Karachi, as of June 2022. We hope the information we have provided you in this piece will help you make an informed decision in terms of real estate investment in Karachi. If you have any queries on the subject or feedback related to this blog, drop us an email at email@example.com. We’d love to hear from you.
As a property investor in Karachi, you may also like reading our blogs on the most profit-making apartment complexes, top-performing commercial projects in the city, and up-and-coming investment opportunities near Karachi Airport.
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