Top 5 Areas for Buying Houses in Karachi
Karachi is a pulsating megalopolis with a population of over 20 million people. The vast urban landscape of Pakistan’s largest city is based on hundreds of thousands of properties divided into many districts and neighborhoods.
Searching for a house for sale in Karachi can be a daunting task, especially if you don’t actually know where to look for it. As the top real estate portal in the country, acco.com.pk is here to assist you with your home hunting in the City of Lights.
So, to help you get started with your property search on the right foot, here we are going to list down and discuss the five most popular areas with houses for sale in Karachi.
So, without further delay, let’s get started!
TOP AREAS WITH HOUSES FOR SALE IN KARACHI
Now, let’s take a closer look at the most searched localities among homebuyers in Karachi, according to acco.com.pk’s search trends.
DHA KARACHI
With robust infrastructure and top-notch facilities, DHA Karachi is an upscale neighborhood and the most preferred choice among home buyers in the city according to user behavior on acco.com.pk. The locality is looked after and maintained jointly by the Defence Housing Authority (DHA) and Cantonment Board Clifton (CBC).
Living facilities in Defence, Karachi, let you enjoy a well-facilitated urban lifestyle. The entire neighborhood is connected by a vast network of roads with directional signboards for the convenience of people. The posh locality comprises seven phases, each of them planned with ample urban open spaces and greenbelts.
Moreover, commercial areas found in DHA Karachi are famous all over the city. Take Bukhari Commercial and Zamzama Commercial for example. They have restaurants and retail outlets that are visited by people from different parts of Karachi.
Owing to such immense popularity, property prices in Defence are a bit steep.
Let’s take a look at the average cost of a 120 sq yd house, which starts at around PKR 2.4 crore and goes up to PKR 6.5 crore. To own a 250 sq yd house in the area, you need to have a budget of around PKR 4.3-10 crore. Similarly, investing in a 500 sq yd house in DHA Karachi is going to cost you from 5 to 25 crore on average.
GULISTAN-E-JAUHAR
Gulistan-e-Jauhar is one of the most centrally located neighborhoods in Karachi, which is why it has appeared as one of the top choices for homebuyers in Karachi, according to the search trends on acco.com.pk for the three quarters of 2022. Proximity to some of the city’s major educational institutions like NEDUET, SSUET, the University of Karachi, and Bahria University is also one of the biggest reasons behind the neighborhood’s popularity
Moreover, Gulistan-e-Jauhar is connected with some of the most popular roads in Karachi like Rashid Minhas Road, which links it to Shahrah-e-Faisal and University Road in either direction. Landmarks like Millenium Mall, Nueplex Cinemas, and Darul Sehat Hospital increase the significance of this neighborhood.
However, Gulistan-e-Jauhar is highly popular for being a hub of apartment complexes—and for good reason, you will also find some decent options if you are looking for houses for sale in the area. Keeping in view the common market trends, we’ll now discuss the price range of the three most preferred sizes of houses among people in the city. Let’s start with a 120 sq yd house for sale in Gulistan-e-Jauhar.
This property option comes with a price tag starting from PKR 70 lakh and going all the way up to PKR 3.3 crore. The average cost of 250 sq yd houses in the neighborhood is obviously a bit higher and is around PKR 1.5 to PKR 5.5 crore. People interested in 500 sq yd houses in the area need to have a budget ranging from PKR 3.5 to PKR 10 crore.
GULSHAN-E-IQBAL
According to user behavior on acco.com.com, the neighborhood of Gulshan-e-Iqbal is another famous option for buying houses in Karachi. Along with enjoying a super convenient location, it is also home to some of the most famous landmarks in the city including the Expo Centre, Civic Centre, Karachi’s National Stadium, and the headquarters of Sui Southern Gas Company (SSGC).
University Road is, hands down, the most popular artery running through this bustling neighborhood. Some of the city’s best schools and educational institutions are found in the area. Landmarks like Sir Syed University of Engineering and Technology, NED University of Engineering and Technology, Federal Urdu University, and the largest university in Pakistan, the University of Karachi, are all located on the main University Road in Gulshan-e-Iqbal.
Recreational places like Aladdin Park, Sindbad, Allama Iqbal Park, and Safari Park are also some of the biggest attractions of the neighborhood. Transportation isn’t also a big challenge for the residents of the area, thanks in part to the presence of the very famous NIPA Chowrangi, which is connected with almost every famous bus route running through the area.
Although Gulshan-e-Iqbal is also rapidly transforming into a cluster of apartment buildings like its neighboring locality Gulistan-e-Jauhar, you may still find a lot of suitable investment options if you are interested in buying a house in the neighborhood.
Prices of houses in Gulshan-e-Iqbal are also reasonable. For instance, if you are buying a 120 sq yd house in the area, its price tag will be around PKR 1.1 to 3.5 crore. On the other hand, the average cost of a 250 sq yd house for sale in Gulshan-e-Iqbal ranges between PKR 2.5 crore and PKR 6 crore. More spacious residential units like a 500 sq yd house may cost you around PKR 4 crore to 12 crores.
BAHRIA TOWN KARACHI
Often dubbed a “city within the city”, Bahria Town Karachi is a master-planned real estate development offering its residents all the pros of living in a gated community. Spanning 16,000 hectares of land, it is also the largest of all Bahria Towns in Pakistan. Boasting a world-class infrastructure and all modern-day facilities, it is one of the best property projects that has been developed, so far in the suburbs of Karachi.
The neighborhood has been divided into many different precincts to allow people to easily navigate through it. Owing to the state-of-the-art planning, every precinct of Bahria Town has also been equipped with wide and well-paved roads with navigational signboards.
When it comes to commercial activities, Midway Commercial is an emerging commercial district of the housing society. It is feasibly linked with the main entrance of Bahria Town and falls in proximity to the main Jinnah Avenue.
Some of the city’s most famous recreational facilities are found in Bahria Town Karachi. Take Bahria Adventure Land or Raiha CineGold Plex—which also has a drive-in cinema now—for example. It is also home to the very famous Danzoo, which is Pakistan’s first-ever international standard day and night zoo.
So, living in Bahria Town comes with a whole lot of facilities so if you are planning to relocate there, then you would be surprised to know some of the most affordable houses in Karachi are found in this real estate project. When it comes to property prices, a lot of people can easily afford a 120 sq yd house in Bahria Town Karachi that has a price tag starting from around PKR 40 lakh to over PKR 2.5 crore.
Precinct 12 (aka Ali Block) of the neighborhood is quite popular in this regard. Similarly, you need to set aside a budget ranging between PKR 80 lakh and 5 crores to invest in a 250 sq yd house in Bahria Town. For larger 500 sq yd houses, the average price range is PKR 2.2 to PKR 7 crore.
SCHEME 33
Owing to the availability of low-cost housing options, Scheme 33 has also become one of the most popular areas with houses for sale in Karachi. It is relatively a new real estate development, divided into fully developed and under-construction neighborhoods.
Since it is a vast neighborhood, it has been divided into many different sectors to provide navigational convenience to the residents. Living in this part of the city, you can easily access the Karachi-Hyderabad M9 motorway. It will be greatly convenient for you, especially if you frequently do intercity traveling by road.
Moreover, Scheme 33 has some of the city’s most popular neighborhoods in its surroundings, including Gulshan-e-Iqbal, Buffer zone, and Federal B. Area. The central location of the area also puts it just a few-minute drive away from some of Karachi’s top-notch educational institutions like NED University of Engineering and Technology and the University of Karachi.
As discussed, Scheme 33 is highly popular for having affordable housing units. So, you may probably be able to own a 120 sq yd house in the area for as low as PKR 60 lakh and as high as PKR 3.4 crore. To invest in a 250 sq yd house in the neighborhood, you will need a budget ranging between PKR 1.1 crore and PKR 5 crore. Starting from PKR 3 crore and going all the way up to PKR 6.5 crore, the price range for 500 sq yd houses in Scheme 33 gets even steeper.
This brings us to the end of our detailed property guide on the best areas with houses for sale in Karachi. We hope the information we have shared above will help you with your search for a suitable abode in the megacity.
If you have any queries or feedback related to this property guide, feel free to write to us at info@acco.com.pk. We’d be happy to assist you with your concerns.