Most Popular Areas with Residential Plots for Sale in Karachi
Are you looking for the most popular areas with residential plots for sale in Karachi? Don’t go here and there. Please read our article until the end. After reading it, you will have a comprehensive idea about the areas in Karachi where residential plots are available for sale in a number.
Residential plots in different housing societies in Karachi
Karachi is home to approximately 1.7 million people. With each passing day, the population graph is rising rapidly, and people there find it hard to find a better living place. Unfortunately, like other metropolitan cities, Karachi has been ignored by the incumbent governments. There is water inadequacy in several areas of Karachi, let alone different basic needs. However, some of the initiatives have been taken by the private and public-private partnerships to ensure the provision of a good living place to the rising population. Therefore, if you want to own a residential property in Karachi, you need to consider the following places for the future.
Malir Town Residency
There are some prominent housing societies in Karachi, but we will share them in the following. However, we started the article from Malir Town Residency because it is a cost-effective housing society. The second aspect is the availability of residential plots. Currently, there are 250 residential plots available for sale. You can find an 80 sq yd plot between PKR 20 lac to 35 lacs as far as the prices are concerned. The prices vary with the variation in the location of the plots. The plots in the corner and on the main boulevard charge more than the common plots.
Bin Qasim Town
Bin Qasim Town is the most low-budget housing society in Karachi, with the plots available in abundance. Another attribute contains the diversity in plots. Also, there are numerous options for an individual to buy a residential plot according to one’s desire. The sizes of residential plots start from 80 sq yd. However, the 400 sq yd plots are also available in a huge number.
Similarly, you can find a residential plot of 80 sq yd for only PKR 10 lacs. On prominent locations and corners, the prices may hike, but still, it is a dream deal for a lower-class family to own a plot for merely 10 lacs. According to our rough data, more than 400 residential plots are available in Bin Qasim Town Karachi.
Scheme 33
Scheme 33 is a big name in Karachi real estate market. Although, it is not fully developed yet. Still, its rhetoric can be heard in every corner of Karachi. There are more than 1000 residential plots available for sale in Scheme 33. Its low-cost nature has just performed the icing on the cake. Due to the low rate and high living standards, it is becoming the apple of investors’ eyes. As long as the prices of the plots are concerned, you can find the 80 sq yd residential plots in prices ranging from PKR 5 lac to 35 lacs. The 120 sq yd plots are available for PKR 20 lacs. However, the same size plots are available for 50 to 60 lacs in cream areas.
Gadap Town
Since 2019, Gadap Town has been the 4th most searched place on the internet in Karachi, and the sale and resale of residential plots are robust. It is located west of Karachi, and its peripheries touch Baluchistan. However, the administrative body has acquired vast land for the project. That’s why there are so many plots available for sale in it. The residential plots are available in different sizes, i.e., from 80 sq yd to 500 sq yd.
If we talk about the economic status of Gadap Town, it is a cost-effective project. You can easily find a 100 sq yd residential plot for PKR 22 lacs. Like other housing societies, the prices of the plots vary contingent upon the location of the plot.
Bahria Town
When we talk about the housing societies in Karachi, we can’t ignore Bahria Town Karachi. It is a fact that Bahria Town is an expensive housing society compared to other housing societies. But it is a blunt lie that it is only for upper-class people. We concluded that only 20% of the residents belonged to the upper class in the case study. The rest are from the middle and lower-middle classes. We will share a case study of different residential plots available for sale in various sectors of Bahria Town Karachi to affirm our facts.
For example, in Bahria Green Karachi, a residential plot is available for sale for PKR 11 lacs, and its size is 7f sq yd. Similarly, in Bahria Town Precinct 23, 24, 25, and 26, you can easily grab 125 sq yd residential plots for less than 45 lacs. These data show that Bahria Town Karachi carries a large diversity in plots prices. However, one thing remains the same: the status of Bahria Town, which will be the same, doesn’t matter if you own a plot for PKR 20 lac or 2 crores; you will get the same benefits as others.
There are also opportunities for you to invest in Capital Smart City and Lahore Smart City.
