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All that Glitters

Sarafa Bazaar was established in the 1950s

With the wedding season in full swing, Sarafa Bazaar, Pakistan’s largest wholesale gold market, bustles with shoppers all day long, due to the wide variety of jewellery that is on offer there. 

Gold treasures at Sarafa Bazaar

Gold treasures at Sarafa Bazaar

For the love of gold… Sarafa Bazaar was established in the 1950s and is characterised by narrow pathways teeming with shops that specialise in every imaginable type of gold jewellery. Over time, the Bazaar has, to an extent, been reduced to supplying bullion bars to upscale jewellers. However, if you want custom-made chandan haars (gold chains strung together to create necklaces), sathlaras (seven-chain necklaces), intricately hand-crafted chokers, jhumkas (earrings) or karas (bangles), then Sarafa Bazaar is your go-to place, thanks to the unmatched expertise of its karigars. 

Lea market's iconic Clock Tower

Lea market’s iconic Clock Tower

For the love of shopping… If you are looking for a cheaper alternative to gold, stop at the nearby Kundan Street, which, as its name implies, specialises in jewellery made out of kundan. And while you are out and about, stop at Kagzi Bazaar for every imaginable type of stationery item, Khajoor Bazaar, Karachi’s largest wholesale date market, or Lea Market for fresh fruit, vegetables and milk – and don’t forget to take a good look at the Market’s impressive clock tower which serves as its centrepiece. 

For the love of food… Once you are done with shopping, visit the nearby Food Street on MA Jinnah Road for some well-earned sustenance. Indulge in the desi delight of your choice, be it steaming biryani, spicy haleem or mouth-watering gol gappas – crowned with a refreshing falooda.

The real estate take… Property options in Sarafa Bazaar are limited to small and mid-sized standalone shops ranging between 80 and 200 square feet. Despite concerns regarding security and the absence of adequate parking space, property remains in high demand. Prices appreciate by approximately five to 10% annually, while rental yields increase by three to five percent. 

In a nutshell… Boasting of exquisitely designed gold jewellery at relatively cheaper prices, not to mention its proximity to several of Karachi’s hotspots, a visit to Sarafa Bazaar is definitely worth its weight in gold!

– Uzma Nawaz

First published in the Real Estate Section of The DAWN National Weekend Advertiser on September 7, 2014.

 

 

 

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