Karachi - Still one of the best cities of Pakistan

Feb. 1, 2013 - PRLog -- Karachi, the mini Pakistan, is home to people from all ethnicities, backgrounds and regions of the country. The city graciously embraces newcomers with its unique demographics and culturally diverse ambience. Finding a good accommodation in the city is not a herculean task as Karachi offers a lot of choices in this regard. From bungalows in posh localities to shared apartments in affordable areas, the city understands the accommodation needs of people from different social backgrounds and facilitates them accordingly.

Zameen.com (http://www.zameen.com/), the largest property portal of Pakistan, records and compiles data that is based on the online inquires made by Pakistanis from all around the world. For Karachi real estate, this data indicates a modest and consistent demand for property for sale, purchase and rent.Zameen.com recorded 1,498,996 hits for property in Karachi during the first half (H1) of 2012, making Karachi real estate one of the three most sought after citiesin Pakistan.As per the findings of Zameen.com, April remained the most active month for real estate business in Karachi during H1 2012.

It is interesting to note that, unlike Islamabad and Lahore, the demand for homes in Karachi (312,230) is almost the same as that of plots in the city (300,231). 2012 brought forward DHA, Gulshan-e-Iqbal and Clifton as the top three performers in Karachi real estate, while Gulistan-e-Jauhar and North Nazimabad occupied the fourth and fifth spot respectively.

Zameen.com noticed that there is a huge difference in the number of prospective buyers interested in plots in DHA Karachi (http://www.zameen.com/Plots/Karachi_D.H.A-213-1.html) (65,513), and thoselooking for plots in Gulshan-e-Iqbal(12,770) and Gulistan-e-Jauhar (11,926). For every 1visitor interested in plots in Gulshan-e-Iqbal, there were 5 who were browsing plots in DHA on the site. The availability of plots in DHA and their increasing demand has earned the locality a respectable status in Karachi’s property sector. Therefore, the investors prefer buying commercial and residential property in DHA Karachi.

For homes, the users of on Zameen.com once again favoured DHA Karachi (http://www.zameen.com/Homes/Karachi_D.H.A-213-1.html) (27,508). However the number of people looking for homes in DHA was comparable with those looking for houses in Gulshan-e-Iqbal (25,280).  The dip in the number of people looking for homes in Clifton is somewhat noticeable (14,911).

Because of a number of reasons, the local as well as international investors always find Karachi the most appropriate city for making huge investments in Pakistan. With approaching elections and changing political hues, people anticipate thatKarachi will play a prominent role in the country’s economythat will consequently mount the demand of commercial and residential property in the city.

For more information, please visit:
http://www.zameen.com