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The property market in Karachi is starting to pick up again as buyers regain the confidence that was impacted by the tax overhaul last year. Lamudi—the premier property platform—has recorded an upturn in transactions up to March 2017 with Bahria Town, ASF Housing Scheme, and Fazaia Housing Scheme leading the way.
Bahria Town is the largest private real estate developer in Asia and has made an indelible contribution to Karachi’s landscape over the past few years. And, importantly they place an emphasis on corporate social responsibility by providing free meals, free medical treatment in Bahria Town Trust hospitals, and financial support. There master-planned gated community just 25 minutes from Jinnah International Airport is in constant demand. The combination of international standard features like state-of-the-art sports facilities and its range of property types and sizes has kept Bahria Town on top of many Karachi’s wishlist for real estate.
Price of 200 sq yard house: Rs. 3,800,000
ASF Housing Scheme:
The Airports Security Force Housing Scheme ensures high quality construction in each of their projects. Security is given the utmost priority given ASF’s background in providing security for all 42 airports in Pakistan. When it comes to housing its mission is not only to complete projects on budget and to deadline, but to ensure the maintenance of services and amenities continues smoothly,so residents can enjoy a salubrious lifestyle. Unusual for Karachi, the housing scheme comprises 75% parks and open spaces, and 25% residential buildings. The sense of space for those lucky enough to live there is unrivaled.
Price of 3 room flat: Rs 8,200,000
Fazaia Housing Scheme:
The expectations of Karachi people has grown in line with the successes of the economy. A new ‘middle class’ is looking to its international neighbours for what to expect in modern housing. Fazaia Housing Scheme tries to keep one step ahead and by partnering with construction giant Shaanxi Foreign Economic & Trade Industrial Group Co Ltd (SFETIC) it signalled to the market and its customers that a commitment to excellence is adhered to. Given that SFETIC are ranked number four out of the top entreprises in China the future of both companies is secure. Its location is enviable, one site is right beside the golf course at Dream World Family Resort and the other is a short drive to the M-10 motorway for easy commuting.
Price of a 3-bed flat: Rs 5,136,000