Why should you invest in Naya Nazimabad?
Karachi the most populous city of the country and the industrial hub of the country. Every year about 5% of total population increase in the city. Naya Nazimabad is a residential project which is specifically targeted for the middle-class families in the city. This housing society is possibly the most secure housing society in the city and has emerged as one of the best housing schemes in the city.
Naya Nazimabad is best known for its location, affordable prices and state of the art amenities. Affordability is the prime reason for its popularity among the local peoples and attracts genuine buyers towards this project. The plot prices are highly reasonable for the investors which tempt them to invest more in this project.
Unlike other housing schemes, Naya Nazimabad housing scheme is in the city which connects the housing scheme to the main city centers. The housing scheme is in the middle of the city which is 12 km away from the Quaid e Azam Tomb and 15 km away from the Karachi airport. This is one of the prime reason for the investors to select this housing scheme instead of other because of its location as the project in the middle of the city so it is easy to connect to the main city centers for the investors.
Naya Nazimabad Housing scheme spans over the area of 1200 acres. The housing scheme has divided into blocks A, B, C, D, M, and N. The housing scheme includes residential plots as well as bungalows.
Naya Nazimabad is best known for their affordable prices and best amenities for their residents and these amenities attract a lot of investors and buyers to the housing project. Here is the list of amenities provided by the housing scheme to the residents.
- Gated Community
- Parks and Playgrounds
- Educational Institutions
- Electronic Surveillance
- Commercial Centers
- Drainage System
- Underground and overhead water reservoir
- Basic Utilities
- Plot Size and Prices
Naya Nazimabad housing project is best known for their affordable prices and this factor act as an attraction for buyer and investors to invest in this project. This housing scheme is offering plots sizes of 120, 160 and 240 square yards. Here are the prices and payment plan for these plot sizes.
Plot Size Price in PKR
120 square yards 840,000
160 square yards 1,120,000
240 square yards 1.680,000
120 square yards single storey 6,200,000 – 7,700,000
120 square yards double storey 8,500,000 – 10,500,000.
For the financial assistance for the residents, the authorities have devised two installment payment plans one for a monthly installment for 48 months and another one is for half year installment plan
Plot Size 120 Sq. Yd 160 Sq. Yd 240 Sq. Yd
Booking 30,000 40,000 66,000
Allocation 36,000 48,000 72,000
Confirmation 36,000 48,000 72,000
Allotment 36,000 48,000 72,000
Monthly Installments 5,000 6,750 10,000
Half-yearly Installments 40,500 54,000 81,000
Demarcation 69,000 90,000 135,000
Possession 69,000 90,000 135,000
Naya Nazimabad has divided the whole area into multiples blocks A, B, C, D, M and N and the development process in these blocks is going rapidly. Currently, the development of Block A has completed and the possession process in this block has also completed. Meanwhile, in Block C and D, the development process is almost complete, and the possession of the plot is available. The development of Block M and Block N are in its initial phase, looking at the pace of development it can be expected that the possession process will start soon in these blocks after development process completion.
Where to Invest?
According to some sources, Naya Nazimabad offers good investment for genuine buyers because of its affordable prices and the fact that market has suffered a lot in recent years due to luxuries housing scheme so Naya Nazimabad is providing secure means of investment which attracts buyers and investors. Block C and Block D are highly recommended for the investors as they are completely developed, and it has great potential to return high to short-term and medium investors.
Are you looking to invest in Naya Nazimabad? Do you have queries about it? You can comment in the comment section or visit rightdeed.com for further assistance.