August 1, 2015

Gated Communities – On The Rise

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Although gated communities have had a presence in Pakistan since the 1990s, the trend began traction in the last five years, prevailing law and order situation.

Consequently, there are approximately 45 gated communities in Pakistan, the majority of which have been established in the last five years. This number is relied upon to increment no less than 80 inside of the following three years.

Gated groups are generally settled on substantial plots of land measuring five to 10 acres of land and are enclosed within a boundary wall; facilities include clinics, commercial pockets, community centres, mosques, parks and round-the-clock security.

Residential property options are primarily restricted to houses, although apartments are now being introduced as well. Their value is 10 to 30% higher compared to property in surrounding areas, which makes investment in gated communities a lucrative option.

If you are looking to buy or rent a house in a gated community, or invest in one, variable in the accompanying.

KARACHI.

Number of gated communities: 18-20
Areas where gated communities are located include: Clifton. Gulistan-e-Jauhar, Gulshan-e-lqbal, Malir, North Nazimabad, Sakhi Hasan and along Sharah-e-Faisal.
Available plot sizes include: 200,300 and 500 square yards.
Purchase price range: Rs 50,000-250,000 per square yard.
Monthly rental range: Rs 200-600 per square yard.

LAHORE.

Number of gated communities: 12-15
Gated communities are situated along: Bedian Road, Burki Road, DHA Road, Lahore Ring Road and Raiwand Road.
Available plot sizes include: 125, 250, 500 and 1000 square yards.
Purchase price range: Rs 95000-125000 per square yard.
Monthly rental range: Rs 280-400 per square yard.

ISLAMABAD.

Number of gated communities: 8-10
Gated communities are situated near: GT Road, Islamabad Highway, Naval Anchorage Road and PWD Road.
Available plot sizes include: 125, 250, 200 and 500 square yards.
Purchase price range: Rs 100,000-130,000 per square yard.
Monthly rental range: Rs 250-450 per square yard.


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