Below is a list of the top and leading Best Areas to Buy Property in Karachi. To help you find the best Areas to Buy Property located near you in Karachi, we put together our own list based on this rating points list.
Karachi’s Best Areas to Buy Property in 2022:
Now, let’s list down the
names of the most popular Areas to Buy Property in Karachi.
Scheme 33
Bahria Town Karachi
Gadap Town
DHA Karachi
Gulistan-e-Jauhar
Based on an ever-expanding
urban sprawl and probably the most interesting property market in the country,
Karachi is truly a megalopolis. According to a recent survey, it has also
emerged as Pakistan’s most expensive city to live in.
Acting as the economic
engine of the nation, the largest city of Pakistan attracts migrants from
different regions of the country by providing them with better educational and
livelihood opportunities. This factor not only evidently promotes cultural
diversity in the City of Lights 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 from where to begin your property hunt, then this blog will help
you to narrow down your choices. Now, without further ado, let’s get started!
TOP AREAS WITH PROPERTY FOR SALE
IN KARACHI
Here are the most popular
areas with property for sale in Karachi, as of September 2021
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 September 2021.
·
Scheme 33
·
Gadap Town
·
Bahria Town Karachi
·
DHA Karachi
·
Gulistan-e-Jauhar
SCHEME 33
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 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, Saadi Garden
and Saadi Town 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.
GADAP TOWN
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 homebuyers in Karachi.
Spanning 1200 kilometres,
Gadap Town is a mix of densely populated and under construction societies.
Gulshan-e-Maymar and Surjani Town came out as the two most searched localities
of the area. Planned with ample urban open spaces, Gulshan-e-Maymar offers a
peaceful and serene environment to its residents.
The real estate value of
the neighbourhood is increasing with time and noteworthy apartment projects
like Maymar Pride are being developed in the area. It is a lucrative
investment opportunity that has been equipped with world-class facilities. The
construction work on the project is almost 50% complete. If you want to learn
more about this up-and-coming vertical real estate development, read our
detailed blog on Maymar Pride in Karachi.
Unlike Gadap Town, Surjani
Town is a bustling locality. The area also hosts some of the most famous
seasonal and weekly bazaars in Karachi. Connecting the area with North Karachi,
Khwaja Shamsuddin Azeemi Road runs right through the middle of Surjani Town,
which converts into Surjani Town Road before intersecting with the Northern
Bypass. Many major markets dealing in necessary household supplies are located
on this important road. People living in Surjani Town have easy access to
different modes of transportation available in Karachi as the area
hosts many popular bus stops and the northern terminal of the upcoming Green
Line Metrobus project.
BAHRIA TOWN KARACHI
Bahria Town Karachi offers
a wide range of commercial properties for sale
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. 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 much 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, Precincts 12 and 15
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.
Precinct 12, which is
popularly known as Ali Block, has successfully maintained its popularity among
property buyers for quite a long time. 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 living
facilities in Bahria Town Karachi, read our detailed blog about them.
If you are planning
to invest in Bahria Town Karachi, then you should definitely check out
Theme Park Residency. With a state-of-the-art facade and contemporary interior
equipped with the best-in-class facilities, it is one of the most successful
real estate ventures by Habib Builders & Developers — a highly trusted name
of the industry.
As the name of the
apartment project suggests, it is located right opposite Bahria Adventure Land,
one of the most prominent attractions in Bahria Town. The prime location of
Theme Park Residency makes it easily accessible from Imtiaz Mega, Bahria
International Hospital, and the society’s main entrance.
This up-and-coming
apartment complex is based on a 24-storey-tall building with 2 and 3 bedroom
apartments for sale. If you’re willing to learn more about Theme Park
Residency, check out a detailed guide on the project.
DHA KARACHI
DHA Karachi is one of the
city’s poshest neighbourhoods
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 the past several years
— and rightfully so. 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. 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.
GULISTAN-E-JAUHAR
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.
Investing in Gulistan-e-Jauhar
is now more interesting than ever. The neighbourhood is now home to some of the
most well-planned apartment complexes and mixed-use developments in the city
including Dundas Tower and The Mega Mall & Residency.
First of all, let’s
discuss the apartment project of Dundas Tower in Gulistan-e-Jauhar. It is being
developed in Block 12, one of the most sought-after areas for property
investment in the neighbourhood. It is the brainchild of EastGate Builders
& Developers — one of the most well-reputed names in the industry.
The ultramodern mid-rise
development has been equipped with top-of-the-line facilities and amenities.
Living in Dundas Tower, you’ll get to enjoy 24/7 security surveillance, ample
car parking, a fully-equipped firefighting system, high-speed elevators,
electricity backup, and a BBQ area among recreational facilities. While buying
an apartment in the project, you’ll get to choose from 2- and 3-bedroom options
available with super convenient monthly installment plans.
The project is approved by
all concerned authorities, which makes it an absolutely safe investment
opportunity, promising up to 40% capital gains within the next few years. Also,
the project is expected to translate into a 6-7% rental yield.
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.
