House prices in the largest metropolitan city of Karachi Real Estate have grown almost twice as much, preventing citizens from buying property in the city.
The mass migration of people from various rural areas of the country in search of better living facilities has resulted in the massive growth of slum regions across the city and created a severe housing crisis.
The city’s real estate market saw a boom of 50 to 100 percent as life returned to normal after the pandemic. Areas that see significant real estate are Gulshan E Maymar, Shah Latif Township, North Bypass, Surjani City, Scheme 33, Malir, and Jinnah Avenue Road.
Neighbors with the availability of basic services such as water, electricity and gas provided a jump about 100 percent.
Housing on Jinnah Avenue Road near Model Colony has reached more than Rs 10 million, even the reserves for sub-construction projects also cost up to Rs10 million.
You cannot get a legally released 120-yard plot in a stable and well-equipped society at North Bypass in less than Rs 1 million.
Real Estate Investment Guide in Karachi
Attention DHA City, Gulshan E Maymar, Pir Gul Hassan, Pir Ahmed Zamaan and Taiser City.
Before Investing in Scheme 33, be sure to check out a list of illegal companies