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Overview: Block 9 is one of the most frequented commercial hubs in Clifton. Commercial options include outlets in shopping malls, standalone shops and office space. Several houses are also deployed for commercial purposes, such as schools and offices. Property is in high demand; prices have increased by 25 to 35% in the last 18 months. A high-rise shopping mall is expected to be completed by the end of the year, and is likely to increase demand for property by a further 15%.

What is nearby: Gizri Commercial Area, Old Clifton and Zamzama Boulevard are a five-minute drive away.

Boundaries: Khayaban-e-Roomi (north), Gizri Road (east), Zamzama Boulevard (south) and Khayaban-e-Iqbal (west).

Available shop sizes: 100, 250, 350, 500 and 1,000 square feet.

Available office sizes: 1,000, 1,800, 2,200 and 3,000 square feet.

Available plot sizes (on which houses are deployed for commercial purposes): 300, 500, 1,000 and 2,000 square yards.

Available utilities include: Electricity, gas, sewerage, telephones and water.

Available amenities include: Banks, commercial areas, eateries, mosques and schools.

Recreational avenues include: Gyms, malls, restaurants
and spas.

Eateries include: Damascus, Dunkin’ Donuts, Espresso and Nando’s.

The prices of commercial property in Clifton Block 9
(in rupees) are as follows:

Shops

Shop sizes(sq ft) Purchase price ranges Monthly rental ranges
100 2.5-7.5 million 12,000-40,000
250 6.25-18.75 million 31,000-100,000
350 8.75-26.25 million 43,000-140,000
500 12.5-37.5 million 62,000-200,000
1,000 25-75 million 125,000-400,000

Offices

Office sizes(sq ft) Purchase price ranges Monthly rental ranges
1,000 8-15 million 50,000-120,000
1,800 14.4-27 million 96,000-215,000
2,200 17.5-33 million 110,000-264,000
3,000 24-45 million 150,000-360,000

Houses deployed for commercial purposes

Plot sizes(sq yds) Purchase price ranges Monthly rental ranges
300 15-60 million 100,000-150,000
500 25-100 million 150,000-250,000
1,000 50-200 million 200,000-500,000
2,000 100-400 million 400,000-800,000

 Uzma Nawaz

Information provided by Gulshan Estate, Karachi.

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