Looking to rent an upper portion in Karachi? Here is what you should know.
Why rent an upper portion in Karachi?
Buying a property is a more expensive option as compared to renting one. Although the trend of living in an apartment in Karachi is rising, there are still people who prefer living in a house. In such cases, people can opt for renting an entire house or an individual portion. Living in an upper portion can be a feasible option as it gives you more living space, privacy and security as compared to a flat. In terms of lifestyle and features, an upper portion is usually built on the first or second storey of a house, giving access to rooftops and balconies. Moreover, living in an upper portion does not bound the tenant to pay additional maintenance charges, as it is the responsibility of the owner to make fixes and improve the living conditions of the house — as per the constitution of Pakistan.
What are the types of upper portions available for rent in Karachi?
The rental market of Karachi has a lot to offer as, being the largest city of Pakistan, it has a vast number of rental properties available of different types and sizes — from apartments to mansions. People renting out their properties usually divide them into portions for separate tenants to get more out of their investments. There are strict laws and guidelines for dividing the property set by governing authorities of the area. Dividing property into upper and lower portions gives the owner a chance to enjoy a higher rental yield. If you are seeking to rent an upper portion in Karachi, you can easily find a 5 Marla upper portion for rent, 10 Marla upper portion for rent, and 1 Kanal upper portion for rent as well. The larger bungalow’s upper portion is also available for rent. These include 2 & a few 3 Kanal houses. Karachi has multiple housing communities and residential areas that also provide their dwellers with comfortable and secure living conditions. Gulshan-e-Iqbal, North Nazimabad, PECHS, Malir Cantt, Defence Housing Authority (DHA), and many other localities are ideal if you are looking for upper portions to rent in Karachi.
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Types of Upper Portions for Rent in Karachi
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5 Marla
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10 Marla
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1 Kanal
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2 Kanal
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What is the Rental Price Trend for an upper portion in Karachi?
Rental value for upper portions in Karachi has recently jumped, keeping at par with the ever-growing demand for renting upper portions. Apart from this, the overall monthly rental prices have also risen in the city. If you are looking for a 500 sq yds upper portion to rent, the monthly price for it is between PKR 75 thousand and PKR 2.5 lakh. An upper portion of a 300 sq yds house for rent in Karachi can be found for a monthly rent of a minimum PKR 58 thousand to a maximum of PKR 2 lakh. If you are looking for affordable options, a smaller upper portion for rent of a 150 sq yd house can be found for PKR 45 thousand to PKR 70 thousand.
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Rental Price Trend of Upper Portions in Karachi
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150 sq yds
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PKR 45 thousand — PKR 70 thousand
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300 sq yds
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PKR 58 thousand — PKR 2 lakh
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500 sq yds
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PKR 75 thousand — PKR 2.5 lakh
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Reasons to invest in the upper portions for rent in Karachi
Karachi offers a completely developed infrastructure, modern educational institutes, top-notch healthcare facilities and a variety of entertainment attractions. The city has a variety of people from different backgrounds (linguistic, ethnic and religious), enabling the city with a unique and comprehensive culture. The increasing population of the metropolis gives a unique opportunity to people who want to rent an upper portion in Karachi for a fixed monthly value. The real estate market of Karachi has been continuously flourishing and is actively providing new investment opportunities for potential investors.