Property hunters for reasonably priced plots in Karachi

KARACHI: Property-hunters on the search for reasonably priced and lucrative plots in Karachi, Lahore and Islamabad should go for Gulshan-e-Hadid, LDA City and Marigold Block of DHA Valley, respectively.

According to a press release issued from Lahore on Wednesday, Lamudi.pk website onsite data says priced at an average Rs 4,500 per square yard, LDA City is likely to be cheaper than any other area in Lahore. Similarly, Marigold Block of DHA Valley at Rs 3,000-5,000 per square yard topped the list for cheapest places to buy plots in Islamabad. Lastly, Gulshan-e-Hadid in Karachi at an average price of Rs 5,000 per square yard, secured the first position in this category.

Saad Arshed, Country Director of Lamudi.pk, said: “Based on our extensive analysis of over 130,000 property listings, we have revealed the cheapest places to buy plots in the three main cities; Karachi, Lahore and Islamabad. The information mined from our property portal’s comprehensive data gives property buyers an indepth look into the Pakistan’s real estate market, and informs property investors, where to find the most reasonably priced plots.”

In Karachi, the top five cheapest places to invest in plots are; Gulshan-e Mehran, which is almost at the same level as Gulshan-e-Hadid and is priced around Rs 5,000 per square yard. Korangi is up next, where you can invest in a piece of land at around Rs 8,000 per square yard. Malir is averaging Rs 90,00-13,000 per square yard and lastly, Bahria Town, which has recently entered Karachi’s real estate market and is offering plots around Rs 10,000-20,000 per square yard.

In Islamabad, after DHA Valley’s, Marigold Block, there is Ghauri Town with an average price of Rs 5,000-8,000 per square yard. Phase 2 of Jinnah Gardens is around Rs 6,000-9,000 per square yards, followed by PECHS which is averaging Rs 9000-13,000 square yard.

Pakistan’s liveliest city, Lahore, is on the list of top five cheapest places to invest, after LDA City, comprising State Life Housing Society at an average Rs 6,500-7,000 per square yard. Sui Gas Housing Society came at third position with an average price of around Rs 7,500-8,000 per square yard. In fourth place, there is IEP Engineers Town priced around Rs 8,000 square yard, closely followed by Fazaia Housing Scheme costing Rs 8,500 per square yard.

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