Karachi being the commercial hub of Pakistan is the major driver of Pakistan’s economy. It is estimated that the contribution of Karachi to the GDP is almost 25% of the total. The port city is the gateway to the exports and imports of Pakistan and a suitable destination for investors looking to tap the new economic opportunities. Moreover, the demography of the city is evidence that Karachi has a huge number of human resources and the influx of people from the other parts of Pakistan is expediting as life unfolds.
Apart from being an economic hub and engine of growth, Karachi is the favourite destination of tourists looking to experience a lifestyle blended with tradition and modernity -unique from the other cities of Pakistan in myriad ways. The unique architecture from the era of Mughals and British is a picturesque sight for the sightseers moreover, its rippling sea waves enchant the people and the seashores become a locus point of the whole city.
In the hustle-bustle of daily routine, Karachi’s real estate market from the investor’s point of view has always held numerous opportunities for investment; amidst the relief packages given to the construction sector the real estate of Karachi is showing an upward trajectory in prices of residences in the various housing societies of Karachi. The surge in property prices has shown an unprecedented trend over the last five years and it is being assumed that the trend is likely to follow the same trajectory in the upcoming days.
Graana.com has identified the five residential areas of Karachi for plotting the price trend over the period of the last five years. The base year is set in 2015 with a percentage change to be determined till 2021. Moreover, the variables for determining the prices include the accommodation of apartments.
| Area | Apartments | |||||||
| Type-1 | Price in 2015 | Price in 2021 | % Change | Type-2 | Price in 2015 | Price in 2021 | % Change | |
| 1. Gulshan-e-Iqbal/ Gulistan-e-Jauhar | 2 Bed DD | 6,000,000 | 10,000,000 | 67% | 3 Bed DD | 7,500,000 | 14,000,000 | 87% |
| 2. PECHS | 3 Bed DD | 12,500,000 | 30,000,000 | 140% | 4 Bed DD | 17,500,000 | 42,500,000 | 143% |
| 3. Clifton | 2 Bed DD | 20,000,000 | 36,000,000 | 80% | 3 Bed DD | 30,000,000 | 47,500,000 | 58% |
| 4. DHA | 2 Bed DD | 5,500,000 | 8,000,000 | 45% | 3 Bed DD | 7,500,000 | 9,000,000 | 20% |
| 5. Nazimabad | 2 Bed DD | 2,750,000 | 5,250,000 | 91% | 3 Bed DD | 5,500,000 | 8,500,000 | 55% |
Gulshan-e-Iqbal and Gulistan-e-Jauhar are inhabited by most of the middle-class families residing in Karachi. The society is equipped with basic infrastructure facilities like availability of water, electricity, and gas adds to the value of these societies.
The trend of prices over the last period for both societies has remained the same and is as follows:
Find out more apartments in Gulshan-e-Iqbal and Gulistan-e-Jouhar.
The second identified housing society is the Pakistan Employees Cooperative Housing Society (PECHS). Besides the availability of basic facilities, PECHS provides all the amenities which a common man looks for while finding a residence which is a gated community, grid-station, and 24/7 security. Malir town residency is also one of the famous society in Karachi.
The trend of property prices of houses for sale in PECHS is explained as follows:
Find out more apartments in PECHS Karachi.
Renowned for its scenic views, the prices of apartments in Clifton have also increased over the time period of five years. The price trend of Clifton is shown as
Find out more apartments in Clifton Karachi.
Defence Housing Authority (DHA) has also emerged as a major competitor in the real estate market of Karachi. Developed on the new and modern techniques, the prices of apartments in Karachi of DHA is moving upwards since 2015.
The course of prices is explained below.
Find out more apartments in DHA Karachi.
The final vicinity has been identified for the purpose of noting an increase in the prices of apartments in Nazimabad. The division of Nazimabad is done such that five blocks are allocated for residential purposes meanwhile, the remaining two blocks are developed for commercial activities.
The trend of prices in Nazimabad over the period of last five years is explained as
Find out more apartments in Nazimabad Karachi.
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