Houses in Nazimabad Karachi
Nazimabad is a middle-class suburb of Karachi in the province of Sindh Pakistan. It is a part of central Karachi and was established in 1952 when the city was the capital of Pakistan. The suburb is divided into seven blocks and one neighborhood Paposh Nagar. These blocks along with Paposh Nagar belong to two different towns in Karachi North Nazimabad and Liaquatabad. It is named after Khawaja Nazimuddin former Governor General and Prime Minister of Pakistan.
An Historically Residential Community
Before the capital was transferred to Islamabad North Nazimabad was developed as a residential area for employees of the federal government. It has retained its residential character since then and continues to attract middle-income families. This highly residential quality makes it a great place for longer-term investments as well as buyers interested in living in the area on a more permanent basis.
Nazimabad's interesting and attractive housing market is complemented by its social cultural and economic position within the city of Karachi. One example of this is the Gole Market. It is a symbol of Nazimabad and a main shopping area for area residents as well as residents of the city. Built in the 1950s it is shaped like a bullet and thus its name Gole which means bullet in Urdu. It brings value to the surrounding properties and the suburb as a whole..
Houses for Sale
To get a better idea of the varying prices of a house for sale in Karachi Nazimabad one needs only to look a the broad range of available listings. For example a house of 120 square yards with 2 bedrooms has a price tag of Rs. 3500000 and a house of 600 square yards with 8 bedrooms has a price tag of Rs. 55000000. These prices are comparable to many other areas of Karachi and combined with its highly residential status they create an alluring option for buyers looking for something less urban. Other options for investors include apartments land and commercial properties. It is also important to look for similar properties in other areas such as DHA Phase 6 to form a basis for comparison.
House for Rent
The range of prices for a house for rent in Nazimabad Karachi is similarly as wide as that for buying. A typical rental price for a house of 100 square yards with 3 bedrooms in Block 4 can be Rs. 20000 per month. A house with double the square yardage and 4 bedrooms in Block 5 can be Rs. 30000 per month. Again these prices make for stable investments and attractive situations for those who seek long term residence.