Tags

, , , , , , , , , , , , , , , , , , , ,

Real-LeadThere are several popular commercial hubs on the east side of Karachi that provide a variety of commercial property options such as office space, retail outlets, showrooms and standalone shops. The demand for, and value of, commercial property there has increased by nearly 15 to 20% in the last three years.

Here are three areas where commercial property is in high demand and is available within a price range of five to 10 million rupees:

Gulshan-e-Iqbal comprises several blocks and has numerous commercial pockets. Shops, offices and showrooms are located in malls and low-rise plazas. In addition to banks and hotels, popular businesses include bakeries, beauty salons, eateries, home stores, retail outlets and wedding halls.
Popular commercial areas include those located on: Rashid Minhas Road and University Road.
Outlet sizes range between: 100 and 600 square feet.
Price range: Rs 15,000-100,000 per square foot.

Mohammad Ali Society is located a few minutes away from Shahrah-e-Faisal. Most retail and office spaces there can be found in low-rise buildings; over the years several eateries have been established there.
Popular commercial areas include: Dhoraji Market and those located on Karsaz Road and Tipu Sultan Road.
Outlet sizes range between: 100 and 600 square feet.
Price range: Rs 15,000-100,000 per square foot.

Tariq Road and its adjacent areas are popular shopping destinations; the area comprises traditional bazaars, shopping centres and malls. Fabric stores, tailors, jewellers, shoe shops and automobile workshops dominate. There are also plenty of eateries ranging from restaurants to roadside dhaabas.
Popular commercial areas include: Bahadurabad, Sharfabad, Sindhi Muslim Society and those located on Khalid Bin Waleed Road, Shaheed-e-Millat Road and Tariq Road.
Outlet sizes range between: 100 and 600 square feet.
Price range: Rs 15,000-100,000 per square foot.

– Muhammad Shafi Jakvani
The writer is CEO, Citi Associates.

First published in the Real Estate Section of The DAWN National Weekend Advertiser on January 13, 2013.

Advertisements