In Pakistan, there is a growing trend of people wanting to live in gated communities. This is because of the increased sense of security that these communities offer. As a result, the prices of properties in these areas have increased significantly. In this article, we will take a look at the most expensive residential area in Pakistan.
Defense Housing Authority
Pakistan is home to some of the most expensive residential areas in the world. One such area is the Defense Housing Authority (DHA), located in the country's capital, Islamabad.
DHA is a gated community that offers its residents a wide range of amenities, including security, schools, hospitals, and shopping malls. The average price of a home in DHA is over $1 million, making it one of the most expensive residential areas in Pakistan.
Despite the high cost of living in DHA, it is still a popular choice for affluent Pakistanis looking for a safe and secure place to live.
Clifton
Clifton is the most expensive residential area in Pakistan. It is located in Karachi and is home to some of the richest people in the country. The area has many high-end shops and restaurants, and its residents enjoy a luxurious lifestyle. Clifton is also home to some of the best schools in Karachi, making it a popular choice for families with children.
Gulberg
Gulberg is the most expensive residential area in Pakistan. It is located in the heart of Lahore and is home to many of the city's wealthy residents. The area is known for its luxury homes, high-end shops, and restaurants. Gulberg is also a popular destination for tourists, who come to see the city's sights and sounds.
Lahore Cantonment
The Lahore Cantonment is the most expensive residential area in Pakistan. The average price of a home in the Cantonment is over Rs. 10 million. The Cantonment is home to some of the wealthiest people in Pakistan. The homes in the Cantonment are large and luxurious. Many of the homes have swimming pools and security guards. The Cantonment is also home to some of the best schools in Pakistan.
Prices of Houses in these Areas
It is no secret that prices of houses and land in Pakistan, especially in Karachi, are constantly on the rise. But did you know that there are some areas in the city that are more expensive than others? Here is a list of the most expensive residential areas in Pakistan:
1. Gulberg, Lahore: The average price of a 5 marla plot in Gulberg is PKR 15 million.
2. DHA Phase 8, Karachi: The average price of a 5 marla plot in DHA Phase 8 is PKR 13 million.
3. Bahria Town, Lahore: The average price of a 5-marla plot in Bahria Town is PKR 12 million.
4. DHA Phase 5, Karachi: The average price of a 5 marla plot in DHA Phase 5 is PKR 11 million.
5. Korangi, Karachi: The average price of a 5 marla plot in Korangi is PKR 10 million.
Why are these Areas Expensive?
There are many factors that contribute to why certain areas are more expensive to live in than others. In Pakistan, some of the most expensive residential areas are located in Karachi, Lahore, and Islamabad. These cities have a high cost of living due to their developed infrastructure and proximity to major business districts. Additionally, these areas often have higher crime rates and poorer air quality than other parts of the country. As a result, residents of these cities are willing to pay a premium for safety and peace of mind.
Who Can Afford to Live in these Areas?
In Pakistan, some of the most expensive residential areas are Karachi, Lahore, and Islamabad. However, there are many other expensive areas in Pakistan as well. For example, in Peshawar, the average price of a residential plot is about Rs 2 crore (US$ 296,000). This is much higher than the prices in other parts of Pakistan.
The reason for this is that these areas are considered to be safe and secure. There is a high demand for properties and luxury apartments for sale in these areas, but the supply is very low. This has pushed up prices significantly.
Another reason why these areas are so expensive is because of the amenities that are available. These include things like schools, hospitals, and shopping malls. All of these things add to the cost of living in these areas.
If you are looking to buy a property in Pakistan, you will need to have a lot of money saved up. Prices have been rising rapidly in recent years, and they are only going to continue to go up.
