Karachi\’s Real Estate Market – Latest Update & Developments

karachi property market

There were quite a lot of rumors about the change of trends in the real estate market but practically the progress of market is near to zilch. The market remains steady throughout September with no major ups and downs. However, it is observed every year in the month of October and November that the market usually slows down a bit. Relatively fewer numbers of transactions make it easy to get a good bargain, particularly in the deals related to plots.

DHA CITY KARACHI :

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Prices in DHA city has dropped to where they were back in 2015. If you were waiting for the right moment to invest in DHA city, we would suggest you go for it now. The political situation is better, the economy is going to progress in near future, so you can invest in this project with the peace of mind. DHA city has the non-controversial and clear land. Although the project doesn\’t have attractions like fancy dancing fountains or adventurous Zoo like Bahria Town, still the price of 500 sq yd plot is trending at 80 lacs. Moreover, the construction of Malir Expressway is about to commence next week. Therefore, it\’s the right time to enter this project.

Bahria Town Karachi :

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Unfortunately, Bahria town hasn\’t been able to resolve their previous issues so far. However, it seems like things will settle down for them in February next year. So if you\’re holding Bahria\’s plot at the moment, hold it, don\’t be panic. Once they got their land clearance, things will start to progress for them. We recommend the investors of Bahria Town to hold your nerves at the moment. Don\’t go for selling and purchasing, just wait and watch. Bahria Town is still a reliable project and it will return a lot in coming five years.

Scheme 33 :

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Scheme 33 is throughout performing really well. We had recommended buyers to go for it earlier. The market is still stable. for investors, it\’s time to get the return and reinvest. The market for Scheme 33 has progressed a lot for the last three months. Property gurus believe that the project will continue its positive vibes in future as well.

Gulshan e Maymar Karachi :

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Gulshan-e-Maymar is currently seeing a lot of construction work. The development works in 120 sq yd, 240 sq yd, and commercial sectors are in full swings. Some of the top builders of the city are also expected to step in the project such as Al Ghafoor Builders, Royal Builders, Saima Builders, and Lakhani Builders. Since Maymar is now a 30-year-old society, the project has become populous. There are very few plots that are left in the project. Gulshan-e-Maymar is seeing a good amount of transactions at the moment. So we have a green signal for investors to go for Maymar.

Comprehensively,  the market of Karachi is stable at the moment. Despite the fact that there is no progress, but the market is still not dead. Experts are predicting the boom of the real estate market in the near future as the economy has gradually started to progress. Particularly after the bailout package from Saudi Arabia, we are expecting the upward trend of the economy in the next two or three months.

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