Tuesday, April 16, 2024

100% Increase in Property Prices of Karachi

The property prices in Karachi have shoot-up with an increase of 100% making it a truly unachievable dream for most of the residents of Karachi.

According to a recent report, slums are rapidly spreading in Karachi owing to unavailability of affordable property and housing.

Prices of properties that are on almost the doubled areas having all basic facilities like uninterrupted electricity, water and gas supply are in high demand and are available at high cost.

After the lifting of lockdown that was due to coronavirus pandemic; the property prices has risen from 50 to 100 percent.

Areas of the city where buying and selling of property are on the rise include the Northern Bypass, Shah Latif Township, Scheme 33, Surjani Town, Jinnah Avenue Road, and Malir.

Mehjabeen Qasim
Mehjabeen Qasimhttps://startuppakistan.com.pk/
Business Journalist at Startup Pakistan

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