Karachi, the world’s seventh-largest metropolitan, is the hub of endless opportunities. The city is known as ‘The City of Lights’ and is often regarded as the city that never sleeps. Karachi, being the center of Pakistan’s economy is home to around 20 million people. The city helps commercial sectors of all scales from small to corporate giants, to develop and expand.
With an ample of opportunities for every sector, the Real estate sector still rule the city as the best investment domain.
Today, we are going to discuss some of the countless benefits of purchasing a property in Karachi.
Rewards of Property Investment in Karachi
Investments in the real estate sector in Karachi comes with many benefits.
Investing in a plot or a house in Karachi has several advantages. The domain offers you convenient access to beautiful houses on the coast of the Arabian Sea, affordable apartments, luxury farmhouses, Shops in the downtown, and much more. The offerings of the real estate market of the city are the beautiful blend of residential, commercial, and mixed-use properties.
Therefore, the major highlights of our today’s exploration of the benefits of purchasing a property in Karachi are as follow:
- Healthy Return on Investment (ROI)
- House in the shores of the Arabian Sea
- Convenient transportation access
- Business and Job Opportunities
- World-class Facilities and Amenities
- No need to rent Motels or Hotels
- Easy Access to Tourist Destinations
HEALTHY RETURN ON INVESTMENT (ROI)
Along with the many other benefits, the healthy Return of Investment (ROI) is top of the line benefits of investing in a real estate market of the city. Karachi, as the country’s economic engine and largest city, basically offers the perks of ROI in two ways:
- Either you can rent out your commercial or residential property (as per the zoning laws of the respective area) to earn money
- Or you can opt for living and sell the property in the future to earn profit as property value in Karachi appreciates by the passage of time.
Certainly, there is a number of factors to be considered to earn the maximum return against your investment. You can always contact www.faizanbarai.com for the best investment advice.
House in the shores of the Arabian Sea
Karachi being a coastal city has various housing schemes along the coastline. Top of the line DHA. Clifton followed by Korangi. Some other areas like Mehran Town, Allahwala Town, and Lucknow Society are also located near the coastline. Remarkably, the development work of the lavish project ARY Laguna is also in progress.
Additionally, the purchasing of houses near the beach is one of the potential options to enjoy the recurring profits and steady income stream. There are many real estate investors who’ve purchased property near the beach and eventually rent their properties out in the peak holiday season to earn rental income. A house near Karachi’s coastline opens many ways to beautiful vacation spots. There is a number of properties particularly huts on the coastline of Keamari, Hawks bay, and French Beach. These rental huts on the beaches are hot cakes during the summer season in the city.
Convenient transportation access
Convenient accessibility is one of the major advantages if you’re looking to invest in the real estate of the city.
Karachi is the city that never sleeps, with serving as the home of around 20 million people, the city intimidates visitors by its size and scale. However, as soon as you start engaging with the city and its different aspects, you will find yourself comfortable with the fast-paced life of Karachi. You will gradually realize that this city is not all about hectic routines. Actually, it’s a fun place to live, and the abundance of different and convenient transport options makes it easy to live in Karachi.
Rental and private cars, busses, Rickshaws, International airport, and railway stations have made the daily commutation within Karachi and to and from Karachi quite easy and convenient. Furthermore, the launching of ride-hailing apps such as Careem, Uber, and Bykea has further enabled Karachietes to travel across the city in a matter of minutes, and that too with a variety of rides from luxurious cars to Riskhaw and bikes.
Business and Job Opportunities
Karachi is the hub of the country’s economy. Being Pakistan’s major port city, Karachi holds sheer importance not only for national but also for international trade. Furthermore, Karachi, being one of the world’s largest metropolis comprise of mega shopping malls, populous local markets, trade centers, private offices, industries, and different companies which makes this city a center of endless opportunities in terms of business and job careers.
The city is also home to Pakistan’s two major seaports. Karachi port and Port Qasim. With Gawadar and Keti Bunder seaports on the same coastline.
Therefore, we can take trade and employment opportunities are two of the major advantages of purchasing a real estate property in Karachi.
World-Class Facilities and Amenities
The real estate industry of Karachi offers a wide range of commercial and residential properties in the city. Either you’re interested to purchase a property or looking property on a rental basis, you can enjoy all real estate options with a top-notch range of facilities and amenities.
Despite the fact that the city is lacking in terms of infrastructure and suffering for severe power crises, Karachi is often the most preferred choice for individuals looking for an affordable residence in the country. The major attractions behind this demand are ease of access to employment and trade, daily life essentials, transportation, and good educational facilities.
Moreover, if money is not a concern for you, you can opt to live in some of the poshest areas of the city with the world-class living standard and that too with a large variety of options.
From wholesale to retail markets, local shops to grocery marts, local markets to shopping centers, clinics to large scale hospitals, from primary schools to the country’s best universities, fitness centers to spas and salons, all facilities and amenities are almost available in all areas of the city.
No need to rent Motels or Hotels
Owning a property in Karachi means you don’t need to spend unnecessary accommodation costs in the city. In fact, your property can help you earn money.
In case, you’re not a local resident but a frequent traveler to the city due to work or personal reasons, purchasing a property would help you avoid expenses of having temporary residences such as motels, hotels, or guesthouses. Additionally, when you’re not in the city, you can easily rent out your property to earn some extra cash.
Easy Access to Tourist Destination
Karachi is widely known as a jungle of concrete occupied by mass apartments, plazas, and skyscrapers. The lesser-known fact about the city is that it also has a great number of natural tourist attractions, natural sights, gardens, woodlands, resorts, and beaches. The City of Lights has a lot to offer when it comes to spent leisure time and spots to help you keep yourself active and fit.
Karachi is situated near to some of the best tourist attractions. Property investment in Karachi would open easy access to these destinations within and outside the city. The tourist attractions include less-explored islands, mangrove forests, highway restaurants, fishing, and boating spots. Out of the city tourist destination include Kirthar National Park and Bhanbhore. Last but not least, the gems of Balochistan such as Moola Chotok, Kund Malir, and Kanrach is at a distance of few hours’ drive from Karachi.
If you still haven’t made your mind about if you should opt Karachi for real estate investment, here are few more reasons why Karachi should be your top choice.
- Karachi’s Jinnah International Airport is Pakistan’s busiest airport that entertains around 7.5 million passengers annually. You can travel to and from destinations from all over the world.
- Karachi is home to Pakistan’s top universities and research centers. Pakistan’s some of the best medical, engineering, and business universities are located in Karachi.
So, we’ve tried to give you a brief idea about the perks of owning a property in Karachi. We have explained all the benefits, opportunities, facilities, amenities, and unique features of the city. Just before we end our today’s blog, we highly recommend you kindly keep few things in mind before making any decision.
As the case with every investment, real estate investment also comes with perks as well as risks. You should consider property rates, taxes, rental value, maintenance, and other external factors prior to making an investment. You must be clear about your medium to long term investment strategy. if you’re investing for long-term in the city, you should be well aware of the associated cost and tax implications.
Meanwhile, if you’ve made your mind about investing in the real estate market of Karachi, Please visit our website and feel free to contact www.faizanbarai.com for the best investment advice. We recommend you to regularly visit our website for the latest pricing of properties in different areas of the city.