Pakistan Property

Karachi’s Commercial Plot Buying Trends for October

en.ppostnews.com: Ranked as the second largest city in the world by population size and generating about 35% of Pakistan’s tax revenue, Karachi is not a city to underplay. This blog takes a look at where the activity was the highest in terms of plot buying for the last month.

Read on below to find out which areas remained active in terms of buying in Karachi for the month of October.

Popular localities

According to sources , the most searched for properties in Karachi for the month of October include the following:

Bahria Town Karachi

This is located 30 km from Malir Cantonment and falls next to the Superhighway. Bahria Town Karachi has retained its top spot as it becomes the hotbed for investment and property buyers.

Talking to Muhammad Ali of Future Properties, it was confirmed that prices have increased steadily in Bahria Town. The commercial plots are available in 5 marlas, 1 kanal and 4 kanal. The prices are as follows. For the 5-marla plot, prices range from PKR 40,000,000 to PKR 70,000,000. A 1-kanal plot will cost you between PKR 250,000,000 to PKR 300,000,000. The 4-kanal plot can be obtained for PKR 350,000,000 to PKR 400,000,000.

Scheme 33

Located on Sohrab Katrak Road and extending all the way to Toll Plaza Karachi, Scheme 33 is a large expanse that is home to multiple housing societies. It is a project by the Karachi Development Authority (KDA). The project is located in close proximity to Gulshan-e-Iqbal Town and is surrounded by various important developments, such as Gulistan-e-Jauhar and Malir Cantonment. The project is located on both sides of the Super Highway. It contains popular housing areas such as Gulshan-e-Kaneez Fatima and Metroville III. This housing scheme has lately become one of the most searched areas on our portal, taking the number two spot.

According to Farooq Soomar of Bin Haider Properties, the plots are available in 120 sq yards, 200 sq yards, and 240 sq yards. The 120 sq yard plot can be obtained for PKR 13,000,000, while the 200 sq yards is available within the price range of PKR 20,000,000 to PKR 25,000,000. The price range for 240 sq yard plots is from PKR 21,500,000 to PKR 25,000,000.

Gadap Town

Gadap Town is located in the north-western part of Karachi and lies near the Sindh-Balochistan border. Gadap Town and its 8 union councils were given the status of a new City District of Karachi back in 2000. Since then, the property has slowly climbed in the rankings to gain the third spot.

Muhammad Waqar of Patel Builders confirmed that the plots are available in a variety of measurements starting from 200 sq yards and going up to 500 sq yards. For the 200 sq yard plot, prices start at PKR 15,000,000 and go to PKR 100,000,000 depending on the location. The plots measured at 400 sq yards have a starting price of PKR 35,000,000 and go up to PKR 50,000,000 for a corner plot. For the 500 sq yards option, the prices start from PKR 50,000,000 and go to PKR 60,000,000.

DHA Defence

Located near Clifton, DHA Defence has maintained its position. According to Ali Zia of Up One Marketing & Builders, the plot sizes of 100 sq yards and 200 sq yards are available for commercial development. Prices for the 100 sq yard ranges between PKR 15,000,000 to PKR 100,000,000 depending on the location. For the 200 sq yard size, the prices range from PKR 120,000,000 – PKR 250,000,000 depending on the location. The difference is due to some of the plots being located in a developed area.

DHA City Karachi

DHA City Karachi spans a huge area in the significantly less inhabited suburbs of the city along the Karachi-Hyderabad Motorway (M9). DHA City has been slowly gaining momentum since last month as it jumped up a spot to claim the fourth position in our rankings.

According to Imtiaz Siddiqui of Imtiaz Enterprises, on offer are plots with varying sizes of 200 sq yards, 300 sq yards and 500 sq yards. The prices here start from PKR 19,000,000 to PKR 35,000,000 for the 200 sq yard option. The 300 sq yard size would cost you between PKR 25,000,000 to PKR 40,000,000. For the 500 sq yard option, the amount ranges from PKR 40,000,000 to PKR 60,000,000.

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