Karachi has a very rapidly growing real estate market with a large number of houses, flats, and plots available across its expansive urban landscape. The population there has been growing rapidly, and the real estate prices in the city are steadily rising. To accommodate the increasing housing demands of Karachi’s residents, many new residential projects have emerged, particularly in the suburbs.
These new developments, mainly featuring plots rather than houses, provide numerous options for plot investors, making the decision-making process quite overwhelming. If you are in the market for a plot of land for investment, this guide will help narrow down your choices. Here, we discuss the top areas with residential plots for sale in Karachi, to help you make an informed decision before you make an investment in Karachi.
Top 5 Areas with Residential Plots for Sale in Karachi
The following areas are currently the most popular among investors seeking residential plots in Karachi.
- Scheme 33
Scheme 33 tops our list of the best areas to buy residential plots in Karachi. It offers numerous investment options across its various sub-districts. Key neighborhoods within Scheme 33 include Saadi Garden, Saadi Town, and Pir Gul Hassan Town, among others. The most popular plot sizes in Scheme 33 are 120 and 240 square yards.
The area is extensive, leading to a wide price range for plots. For example, a 120-square-yard plot in Scheme 33 can start from PKR 1.5 million and go up to PKR 30 million, depending on the location within the area. Similarly, a 240-square-yard plot ranges from PKR 3 million to PKR 50 million. Larger plots, such as those measuring 400 square yards, have prices starting at PKR 7.5 million and can go up to PKR 80 million.
- Clifton
Clifton ranks high among Karachi’s top areas for purchasing residential plots. Known for its upscale environment and prime location near the sea, Clifton is a highly desirable area. Residential plots in Clifton are generally more expensive compared to other parts of the city due to its premium status.
The most popular plot sizes in Clifton are 200, 500, and 1000 square yards. A 200-square-yard plot can cost anywhere between PKR 30 million and PKR 70 million. For a 500-square-yard plot, prices typically range from PKR 70 million to PKR 150 million. The largest plots, measuring 1000 square yards, have asking prices starting at PKR 150 million and can go up to PKR 300 million.
- North Nazimabad
North Nazimabad is another key area for residential plot investment in Karachi. It is well-developed and offers a range of amenities, making it a preferred choice for many. The area is divided into different blocks, each with its unique characteristics and price ranges.
Plot sizes commonly found in North Nazimabad include 240, 400, and 600 square yards. A 240-square-yard plot can cost between PKR 15 million and PKR 35 million. For a 400-square-yard plot, prices range from PKR 30 million to PKR 60 million. The largest plots, measuring 600 square yards, have prices starting at PKR 50 million and can go up to PKR 100 million.
- DHA (Defence Housing Authority)
DHA Karachi secures a prominent place on our list due to its well-planned layout and high-end living standards. DHA comprises multiple phases, each offering various residential plots. It is a popular area for property investment due to the consistently increasing real estate values.
The most sought-after plot sizes in DHA are 120, 500, and 1000 square yards. A 120-square-yard plot in DHA can cost between PKR 17.5 million and PKR 100 million, depending on the phase and location within DHA. For a 500-square-yard plot, prices range from PKR 50 million to PKR 150 million. The largest plots, measuring 1000 square yards, have asking prices starting at PKR 75 million and can go as high as PKR 220 million.
- Malir
Malir is a rapidly developing area in Karachi, attracting significant interest from investors and homebuyers. It offers a range of residential plots at various price points, making it a viable option for different budgets.
Popular plot sizes in Malir include 120, 240, and 500 square yards. Prices for a 120-square-yard plot range from PKR 1 million to PKR 10 million. A 240-square-yard plot can cost between PKR 2 million and PKR 20 million, while 500-square-yard plots have prices starting at PKR 5 million and going up to PKR 50 million.
Introducing Saima Group, Builders and Developers
For those looking to invest in residential plots, apartments, or villas, Saima Group Builders and Developers have several ongoing and completed projects in these prime locations. With their reputable track record and commitment to quality, Saima Group offers reliable options for potential buyers.
In addition to their established projects, Saima Group has multiple developments across various locations in Karachi, ensuring that each project has easy access to the city’s key areas. They provide all the necessary amenities on easy installment plans, making home ownership accessible and convenient. Saima Group is recognized for offering the best investment plans 2024, with a focus on delivering affordable housing solutions in Pakistan.
Conclusion
In conclusion, Karachi offers a diverse range of options for those looking to invest in residential plots. From the well-established areas like DHA and Clifton to the emerging neighborhoods in Scheme 33, there is something for every investor. North Nazimabad and Malir also provide ample opportunities with various plot sizes to cater to different needs and budgets.
By considering the information provided on the top areas with residential plots for sale in Karachi, you can make an informed decision that aligns with your investment goals and preferences.