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Flats for Sale in Malir Karachi with Price & Details(157)

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Flats for Rent in Malir Karachi
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Looking to buy flats in Malir, Karachi? Here is what you should know.

Malir Karachi: A Solution to Residential Demand

The city of Karachi is known as being one of the most populated urban centers in the world. There is a continuously high-demand for real-estate year after year. Regardless of projections about pricing for rentals and properties for sale the need for housing land and commercial space is constant. Depending on the type of investor the real-estate market here is either grim or exploding with opportunity. That said developers are constantly looking for new and better ways to satisfy this craving for property. One such way is to convert unused land into residential or commercial space that had previously served another purpose.

For instance Malir Town in the eastern part of Karachi between the Malir River and the Jinnah International Airport used to be a thriving farmland but is no longer able to support agricultural use due to diminishing levels of groundwater. So it has now been designated as a residential zone and has seen increasingly more development and urbanization. Given the city of Karachi's love for apartments much of this construction has been focused on this particular type of housing.

One Option Out of Many: Apartments in Malir Karachi

Apartments in Malir as are houses and land are available for rent or to buy. Obviously renting and buying both have their pros and cons again depending on the type of investor. For those with a lower level of available up-front funds and are seeking shorter-term residence renting an apartment is more likely to be the optimal choice. Buying an apartment on the other hand is the better option for those looking for either a more permanent residence or a more flexible investment. And compared to the average buy price in Karachi overall which was about Rs. 8500000 in 2015 buying an apartment in Malir can cost as little as Rs. 3000000. This makes living or investing in the area much more accessible than some other parts of the city.

Guilt By Association: Malir and Korangi

Another factor that might pique the interest of new residents or investors in a flat for rent or a flat for sale in Malir Karachi is its closeness to another up-and-coming area Korangi. The Korangi Industrial Area has been recently involved in discussions with the government for expansion which promises to bring additional economic prosperity to its surrounding areas.