The property prices in country’s largest metropolitan city Karachi Real Estate has shoot up to almost double, which makes it impossible for citizens to purchase property in the city.
The mass migration of people from different rural areas of country in search of better living facilities has result the massive rise of slum areas across the city and created a severe housing crisis.
The real estate market of the city saw a boom of 50 to 100 percent as soon as the life returned to normalcy after the pandemic. Areas which are seeing significant real estate activities are Gulshan E Maymar, Shah Latif Township, Northern Bypass, Surjani Town, Scheme 33, Malir, and Jinnah Avenue Road.
Neighborhoods with availability of basic utilities such as water, electricity, and gas supply saw a jump of around 100 percent.
Apartments in Jinnah Avenue Road near Model Colony has reached to over Rs 10 million, even the bookings for under-construction projects also cost up to Rs10 million.
You cannot get legally cleared 120-yard plot in a stable and well equipped society on Northern Bypass in less than Rs 1 million.
Karachi Real Estate Investment Guide
Keep your eye on DHA City , Gulshan E Maymar , Pir Gul Hassan , Pir Ahmed Zamaan and Taiser town.
Before Investment in Scheme 33 , Don’t forget to check out illegal societies list