Realty article

Realty market. It has urged many industrialists to migrate to other major cities. The situation is certainly favoring other property markets within country but the trend is not positive. However, seeing the previous year’s performance, it is clear that people are still intending to invest in offices, shops, villas, homes and apartments for sale in Karachi as compared to properties in Faisalabad and Rawalpindi. It shows that city has not lost its charm for realty investment but the activity is slowed down just.

Bodha Island Karachi – An International Investment
The overall situation of Karachi real estate is certainly not that encouraging but the international investors are willing to invest in Karachi properties. Thomas Kramer, the US real estate tycoon, has recently signed a deal with Malik Riaz, the CEO of Bahria Town for Pakistan’s first ever Island City, Bundal & Buddo Islands Karachi. The project is spreading over 12,000 acres of land and will be developed in 5 to 10 years and the residential communities will start being handed over to the owners in 2016. Bundal & Buddo Islands’ project will mainly comprise of world’s tallest building, world’s largest shopping mall, Sports city, Educational and Medical city, International city and a Media city. The project will be equipped with the world class facilities and amenities along with the most advanced infrastructure.

Segmented Real Estate Boom within City
Karachi is the largest city of Pakistan and holds numerous investment business and real estate options for the potential investors. Investment in properties like villas, homes, offices and apartments in Karachi is considered as a long term investment option and as the city expands, it will make more room for investors and buyers. Even currently, some sanguinity was witnessed in the residential property sector of Karachi. However, increase in the real estate activity in Karachi is limited to selective and high-end areas only like Defence Housing Authority (DHA), Clifton, Gulshan-e-Iqbal and Gulistan-e-Jauhar. Locals prefer buying or renting properties in these areas because these areas are considered relatively safer and are equipped with most of the world class facilities and amenities. The trend of migration within city has resulted in an increase of the activity and residential property price hikes.

Announcement of the first ever Island city, the trend of migration within city and increase in activity of real estate market in Karachi will eventually bring boom in 2013.