Gulshan-e-Iqbal straightforwardly means the Nursery of Iqbal, is a well-established locality known for its history and community.
Overview:
- Situated in the East of Karachi
- Covers an area of approximately 65 sq.km
- Densely populated - with a population of 644,362 as per 2017 census
- Known for being the “Heart of Karachi” because residents of the area have easy access to all important landmarks, routes, and other areas
- Area features a mix of residential blocks and houses
- Most of the construction took place between 1950s to 1960s - therefore most of the construction is over 60 years old
Blocks of Gulshan-e-Iqbal
The Blocks in this area start from Block 1 and go until Block 19.
Each Block typically has its own set of specifications that outline its characteristics, dimensions, and other important details.
Some blocks have further subdivisions - notable ones include Block 4A, 10A and a few more.
The best 5 blocks of Gulshan-e-Iqbal for investment purpose:
Block 1
- It is the oldest block in the neighborhood
- This block has always been a hub of apartment complexes
- There are more apartments for sale than houses which can be seen in Zameen.com’s listings.
- It is directly accessible from Shahrah-e-Jahangir and Allama Shabbir Ahmed Usmani Road and the locality is connected with Gulshan’s very famous 13-D furniture market
- The aforementioned expressways allow the neighborhood to enjoy direct routes to Azizabad, Liaquat Ali Khan Chowk, Federal B Area, Gulshan Chowrangi’s Flyover, Nipa Rashid Minhas Road and many other landmarks in the vicinity
Block 2
- Block 2 is highly popular because of it’s direct link with Rashid Minhas road
- Its property market is based on an interesting mix of houses, apartments and commercial outlets
- Properties in block 2 are also popular because of their convenient location as residents of the area enjoy easy access to almost many key facilities and landmarks in this particular part of the city, such as Lucky One Mall, UBL Complex, Nipa Chowrangi, Patel Hospital, large outlets of Chase Up, Imtiaz and Carrefour, Safari Park, Millennium Mall, and a lot more
- Finding a property in a good condition could be challenging because this block has mostly older constructions with reasonable pricing
Block 4
- Located at a short distance from Block 2, Gulshan-e-Iqbal Block 4 is another very famous locality
- Home Hunters can conveniently search for affordable yet profitable accommodations
- The area possess a fully- fledged business district and a vibrant food street
- The property rates of houses and apartments here are constantly going up
- Gulshan-e-Iqbal’s block 4, hosts some famous projects like Shaz Residency (rising 10 floors high with earthquake resistance) and Blue Sky Residency (based of 3 residentials towers, each 19 floors high)
Block 10
- Block 10 is one of the most popular areas for property investment
- It offers tons of residential and commercial properties, both in old and new constructions
- A wide range of investors and buyers can be seen here because of the availability of both affordable and high-end investment options
- The residents of the area enjoy direct access to Nipa Flyover, University Road, Rashid Minhas Road, Millennium Mall, and Gulshan-e-Iqbal’s famous food street on Allama Shabbir Ahmed Usmani Road, Safari Park and many other prominent landmarks and facilities nearby
- Block 10 hosts a remarkable high-rise project called Cliff Vista (based on 5 skyscrapers, each 19-floors tall)
Block 13
- Enjoying a central location in the city, Block 13 is one of the most popular blocks in the area
- Some of the famous city’s key landmarks, such as Expo Centre, National Cricket Stadium and Civic Centre are located here
- The newly launched Peoples Bus Service also passes through Block 13, which makes it easier for commuters to move around the city
- It has an attractive location and enjoys direct access to the main University Road that's why property prices are slightly higher here than in other parts of Gulshan-e-Iqbal
- It is a large multipurpose block of Gulshan-e-Iqbal, which is further divided into different sub-divisions, recognized by different letters, like 13-A, 13-B, etc.
- In the 13-D subdivision of the neighborhood lies one of Karachi’s most famous furniture markets, popularly known as the 13-D furniture market. Here you’ll find furnishings as well as different types of home accessories
Pricing of Different Properties
Plot prices - range from PKR 1 - 30 Crores - depending on location, size and other factors
House prices - range from PKR 2 - 20 Crores - depending on location, size and other factors
Apartment prices - range from PKR 0.9 - 3.0 Crores - depending on location, size and other factors
Conclusion:
Gulshan-e-Iqbal is a very happening and exciting area of Karachi with mostly older construction of houses and apartments. Many people choose to live here due to the hustle and bustle of the space and the super high connectivity to the main hubs of the city.
It is usually hard to find new development being offered here. Fortunately, there is a new development taking place within Block 10A of Gulshan-e-Iqbal in the Calachi Cooperative Housing Society, where luxury apartments are available on flexible payment plan.
Project is call Calachi Icon - and we are actively working on it! You can find all the details about this exciting project on our website link here or call us at 0300-5523034
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