Historically, townhouse trend in real estate investment were the urban residences of the European aristocracy; they were 'simpler' houses, which were not as lavish as their country real estates and were usually located in the urban centers.In Pakistan, modern townhouses are usually double storey, semi-detached houses within a shared compound. They have become a popular real estate investment, because while they are independent homes, comprising three to five bedrooms, they offer security and ease of maintenance.
Like apartment complexes, townhouse compounds are also managed by the homeowners' associations that take care of water, sewerage and security issues.
Townhouses are gaining traction in Pakistan, especially among the buyers who have smaller budgets but prefer to live on a house within a gated community.
Here is a look at the availability of townhouses in Pakistan and their prices:
Karachi
Townhouses are primarily located in Civil Lines, Clifton, Gulistan-e-Jauhar, Gulshan-e-Iqbal and PECHS.
Plot Size (Sq Yds) Purchase price range
120 100-150 million
140 135-170 million
180 150-200 million
240 180-280 million
300 220-320 million
Lahore
Townhouses living is catching on in Lahore due to the establishment of several new housing developments, most of which are in Gulberg..
Plot Size (Sq Yds) Purchase price range
125 60-120 million
270 105-140 million
500 150-200 million
Islamabad and Rawalpindi
Bahria Town is one of the other townhouse schemes. It has projects in Islamabad and Rawalpindi, which are set against a suburban landscape with greenery and good infrastructure.
Plot Size (Sq Yds) Purchase price range
125 55-90 million
250 70-100 million
300 120-150 million
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