Buying commercial property can be a great investment – if done right. Although there are a lot of factors one must take into account while purchasing a shop, office space, mixed-use building or another type of commercial real estate in Pakistan, the location certainly trumps everything else. If you are looking for an investment option that can diversify your real estate portfolio while generating high capital gains, you must be very careful while selecting the area. In case you are a resident of the City of Lights or are looking for property here, we have compiled a list of top areas for commercial investment in Karachi that you must check out.
More commonly referred to as Gulzar-e-Hijri, the sprawling residential and commercial society of Scheme 33 is one the most popular areas for commercial investment in Karachi. It stretches all the way from Al Asif Square in Sohrab Goth to New Sabzi Mandi on the Northern Bypass. It also borders University Road, Gulistan-e-Jauhar and Gulshan-e-Maymar, making it one of the biggest neighbourhoods in Karachi. Some of the most prominent housing societies in the city, including Saadi Town, Saadi Garden, Lawyers Colony, Memon Nagar and Gulshan-e-Kaneez Fatima and Acholi Cooperative Housing Society, also fall under Scheme 33.
The area offers a wide range of commercial properties, including plots, retail outlets, warehouses, and office spaces, to name a few. One of the main reasons why this society is so popular among investors is because of its development status. Since several areas that come under Scheme 33 are either recently developed or in various phases of development, they offer the latest amenities and facilities at rather affordable prices.
Considered one of the biggest neighbourhoods in the City of Lights, Gadap Town is also one of the most searched areas for commercial investment in Karachi. This residential and commercial scheme is spread over an area of about 1200 sq km and is well-connected to Northern Bypass, Lyari Expressway and Super Highway. Gadap Town consists of eight union councils, which include Gadap, Manghopir, Maymarabad, Gujjro, Darsanno Channo, Murad Memon, Yusuf Goth and Yusuf Goth. The well-established and widely popular neighbourhoods of Gulshan-e-Maymar, Taiser Town, Surjani Town and Ahsanabad also fall under this area.
Owing to its considerably affordable property prices, investing in Gadap Town has always been a rather popular option among the residents of Karachi. Most people seeking to migrate to urban centres from rural areas choose to settle down in this sprawling town. The commercial shops and offices for sale in Gadap Town are available at rather economical rates, making it a popular choice among entrepreneurs seeking to set up their own business in the bustling metropolis with a small investment.
When it comes to buying commercial properties in Gadap Town, Gulshan-e-Maymar, Surjani Town, Taiser Town, Garden City and Pir Ahmed Zaman Town are among the most-searched localities within the housing scheme. One of the main reasons these areas are so popular among commercial investors is because they are well-connected to the main city centres and feature all modern amenities. You can buy commercial plots, shops and office spaces in varying sizes throughout Gadap Town.
Investing in DHA, Karachi has always been the most popular option among those living in the city. Considered one of the poshest housing societies in Karachi, this neighbourhood is spread over an area of more than 8,000 acres. In addition to that, DHA, Karachi, is surrounded by some of the most upscale and immaculately planned areas in the metropolis, including Clifton and Naval Housing Scheme. The beach is also located at a stone’s throw away from this high-end residential scheme, adding to its charm and appeal.
DHA, Karachi, comprises multiple phases, each of which has its own designated commercial areas featuring a wide range of commercial plots, ultramodern shops, and elegant offices for sale. The main reason why this housing society continues to rank so high among buyers and investors in the region is because of its robust infrastructure, a well-planned network of roads, strict adherence to the construction bylaws, as well as the availability of luxurious facilities and amenities that ensure a superior lifestyle.
The rapidly developing housing society of DHA City is yet another popular area for buying commercial real estate in Karachi. A project of DHA Karachi, this well-planned project is located on Super Highway on the outskirts of the metropolis. It covers an area of about 20,000 acres and aims to provide housing options to about a million people. Bahria Town Karachi and the Karachi-Hyderabad Motorway are also located in the vicinity of this highly sought-after housing scheme.
Considered the first-ever smart and green city of Pakistan, DHA City Karachi is divided into 16 sectors, each of which will house distinct commercial hubs and market places. The housing scheme will also have a dedicated commercial district within its premises, providing small and big businesses with all the high-end amenities and facilities they require to thrive in the city. Since DHA City Karachi is currently being constructed, buyers have a wide range of lucrative residential and commercial investment options to choose from.
Credits – Zameen.com