Saturday, December 3, 2011

What Five to 10 Million Rupees will get you in Karachi

Karachi is Pakistan's largest city, the financial capital and busiest seaport. The city has thriving commercial districts, fashionable markets and plenty of entertainment.
Residential real estate option start at the coastline and stretch across the city.
Here is a look at residential areas in Karachi prices between five and 10 million rupees, which are attracting investment from across Pakistan:
1. Defence is an upscale area which lavish homes, verdant parks, prestigious schools and upmarket commercial areas with plenty of shopping and fine dinning options. An expensive area, only plot in Difference Phases VIII and VIII Extension, and houses in Phase II are available in the five to 10 million price range.

Defence Phase II
House (sq yds)                                                       Purchase Price (Rs)
100                                                                            9-10 million

Defence Phases VIII and VIII Extension
Plots (sq yds)                                                       Purchase Price (Rs)
300                                                                         5-5.5 million
500                                                                         7.5-8 million
666                                                                         9-9.5 million

2. Gulshan-e-Iqbal is a microcosm unto itself, with several prominent landmarks including the Civic Centre, the Expo Centre and Karachi University, Gulshan has plenty of educational institutions, hospitals, as well as shopping and dining options.
Houses (sq yds)                                                  Purchase Price (Rs)
120                                                                        6-7.5 million
200                                                                        6.5-7.5 million

3. North Nazimabad was an elite neighborhood in the early 1950. Although this is no longer the case, the area is still very well regarded and has numerous malls, shopping markets, restaurants, hospitals, educational institutions, parks and marriage halls.
Houses (sq yds)                                                 Purchase Price (Rs)
120                                                                        4-4.5 million
200                                                                        6.5-7.5 million
400                                                                        8.5-10 million

4. PECHS (Pakistan Employees Cooperative Housing Society) is spread over six blocks, offer good shopping and dining options and is ideally located in proximity to shopping hubs such as Tariq Road and Bahadurabad. It is easily accessible from Shahrah-e-Faisal.
Houses (sq yds)                                                 Purchase Price (Rs)
200                                                                       8.5-10 million

1 comment:

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