What’s happening in ASF Housing Scheme, Karachi? Get Latest Updates Here!

ASF Housing Scheme Karachi is a standout amongst the most searched out properties in Karachi nowadays. The plan was declared in 2016 and since then, it has been the center of attention for the people. This is mainly due to the location of the society.

This project is launched for the employees of Airport Security Force (ASF), as well as the general public. It is a joint scheme amongst ASF and Kings' Group and is going to be the splendid addition in the field of real estate industry.

Where ASF housing scheme is located?

ASF Housing Scheme Karachi is located on Karachi-Hyderabad Motorway. Certainly, it is not easily accessible because it is distant from the city. But the eye-catching feature of this housing scheme is its location. It is the best place for those who love isolation and want to live in a peaceful environment, away from the hustle and bustle of the city.

The project isn't all separated, it is still near other remarkable housing schemes, for example, DHA City and Bahria Town Karachi. A large group of new societies are expected to be constructed here soon as well. The future of this society is bright depending on the internal and external scale development.

Present condition of ASF Housing scheme:

A real estate agent from ASF Housing Scheme said that the project is developing slowly. He further said that the roads have been constructed but no connections for water, gas and electricity have been laid down yet.

When the project was launched, many people wanted to invest in it. But, the current trends in the estate market, and also the general slowing of the economy, has decreased the potential of investment here.

Another estate agent said that this housing scheme will take more than four years to be known completely by the people. He, along with the other agent we converse with, added that because of low infrastructural progress, distance from  main city centers, and slow development in the area it is situated in, most of the buyers and investors here are trying to sell their properties.

The greater part of the 5-marla plots are available to be purchased, which indicates the vast majority can purchase them. This means as far as price affordability, 5-marla plots are the perfect decision for many people and still are an ideal investment opportunity.

Seller’s Opinion:

Ghazanfar Farooq, a buyer and now a seller at ASF Housing Scheme, marked investment here feasible for long term. He said that this is a good venture for investors, however not for veritable buyers, who should need to build a house in a couple of years or even to offer their plot. Farooq purchased his plot here a year prior and now needs to sell it so he can relocate elsewhere – in an area that is near the fundamental downtown areas of Karachi, and in territories where the pace of advancement is high.

Another buyer from ASF Housing Scheme Arshad Baig also shared Ghazanfar's perspectives that speculation here is of good potential only if it is a long term. He also purchased his property 1.5 years back and is anxious to now sell it, inferable from low improvement in the area. He trusts that it will be a very long time before his property in ASF Housing Scheme will be beneficial for him, thus like Farooq, he needs to relocate his plot, though for a lower price than what he bought it for.

ASF Housing Scheme is a good count to Karachi’s real estate market, only if you are a long-term investor. This is mainly because it will take some years to become an attractive investment area.

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    December 12, 2018 AT 11:27 AM

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