Nazimabad a middle-class suburb of the Karachi Central district of Karachi city in the province of Sindh Pakistan. Established in 1952 when the city was the capital of Pakistan the suburb is divided into seven blocks and one special locality called Paposh Nagar. An interesting thing about the suburb is that it belongs to two different Karachi towns. Blocks 1-4 6 and 7 belong to Liquatabad Town while block 5 and Paposh Nagar belong to North Nazimabad. The suburb is named after Khawaja Nazimuddin the former Governor General and Prime Minister of Pakistan.
Investors interested in finding a flat for sale in Nazimabad Karachi may be pleasantly surprised by the relatively high density of residential properties in the area. For those who know the suburb this is not surprising at all. As Karachi was once the capital of Pakistan the suburb was originally built to provide housing to the country's federal employees. This history influenced the continuation of the area as being primarily residential. This makes it quite attractive to investors and future residents alike. Flats in Nazimabad Karachi have many great options from 72-square-yard apartments at Rs. 2100000 to 120-square-yard apartments at Rs. 6000000. Many of these are newly-renovated and feature modern design.
For those who would like to make a permanent move to the city or are even just interested in living here part time finding a flat for rent in Nazimabad Karachi is a great option as well. A typical apartment in the suburb can be anywhere from 70 square meters to 130 square meters in size. Rental costs can range from Rs. 13000 to 20000 per month for flats in this range and most feature multiple bedrooms multiple baths and modern design.
For buyers and renters alike long-term and short-term investors and those who are looking to relocate Nazimabad is a safe bet. But its allure is not limited to economics it is also centrally located within Karachi. With good links to transportation cultural centers and to other important areas of the city Nazimabad offers a good quality of life at a low cost. As with all real-estate ventures it is good to keep options open.
Keeping an eye on opportunities for other properties such as houses and commercial properties is one example. It is also good to become familiar with properties in other areas such as Clifton to get a broader view of the market.