5 Marla House

Naya Nazimabad: Revolutionizing Middle Class Living in Karachi

Naya Nazimabad is a city developed particularly keeping in mind the dynamic white collar class. Providing a quality living in a metropolitan at a reasonable cost is the main aim of the developers. The belief that a house ought to be a place of quietness, respite, and rest is brought to life in Naya Nazimabad.

Encompassing around 1200 acres of land Naya Nazimabad is situated between Nazimabad, North Nazimabad, and North Karachi. The housing project has blocks A, B, C, D, M, and N. The venture offers the 120, 160, and 240 square yard bungalows and 120, 160, 240, and 400 square yard plots. Commercial projects and apartments will soon be the part of the project.

Distinct Features

Naya Nazimabad is a project of Javedan Corporation Limited that is rising as an utter reality of Karachi. All of the luxuries and offices are deliberately doled out and arranged here keeping in mind the end goal to boost your way of life. Essential necessities of life, for example, water, gas and power are as of now accessible in the region. Some other features unique to this project are as follows:

  1. Jamia Masjid spanning over 7 acres of land and accommodating ten thousand people.
  2. Separate space for educational complex
  3. Vocational Training Center where Computer Classes, Cooking Classes, Fine Arts, Sewing and Stitching, Embroidery and Karate Classes are provided.
  4. Dedicated plots for Hospital and Medical Center are reserved.
  5. Club House & Gymnasium where Tennis Court, Badminton Court , Table Tennis, Swimming Pool, Indoor Games, Snooker & Billiard Room, Gymnasium and Banquette Hall.
  6. Designed in-line with the international standards, the cricket stadium is fully functional with five ready to play pitches and equipped with all top of the line facilities like Full Floodlights, Pavilion stand, Dressing and shower-rooms and Practice pitches.
  7. The emerging passion for football is catered through Football Stadium.
  8. Horse Riding Club where you can find finely bred and well trained stallions, riding lessons for children and adults, and experienced trainers.
  9. Wedding Hall to make residents wedding day in more special.

Location:

Naya Nazimabad is situated in the neighborhoods of Gadap Town between Nazimabad, North Nazimabad, and North Karachi, in Karachi, 2 km from Sakhi Hassan, Sindh, Pakistan. Adding to the benefit are Federal B Area and New Karachi which are also arranged close-by. Green Line Bus Rapid Transit is providing easy commute options and adding value to an already gold project as well.

Block-wise Updates on Development:

Block A is completely developed and possession already allotted so now market is saturated there. Block A-2 on the other hand is not anywhere near completion and possession is not yet available but still the prices are higher than Block C and D here.  In Block B all of the bungalows are sold.

In Blocks C and D possession is available and prices are comparatively reasonable. Block C is more developed than Block D. Blocks M and N, located about 2 kilometers away from the rest of the Blocks, are still in the initial phases of development.

Payment Plan

Payment plan for various blocks are as follows:

Bungalows Average Prices in PKR
120 yd2 (Single Storey) 7,000,000—7,900,000
120 yd2 (Double Storey) 9,3000,000—10,500,000
160 yd2 (Single Storey) 9,000,000
160 yd2 (Double Storey) 11,500,000—12,500,000
240 yd2 (Single Storey) 15,000,000
240 yd2 (Double Storey) 17,000,000—20,000,000

Residential Plots

Plot Size Average Prices in PKR
Block A-1
120 yd2 5,500,000—6,200,000
160 yd2 8,050,000—8,500,000
240 yd2 11,000,000—12,500,000
Block A-2
120  yd2 50,000,000
160 yd2 9,500,000—10,500,000
Block C
120 yd2 4,050,000—4,500,000
160 yd2 5,500,000—6,500,000
240 yd2 7,200,000—8,200,000
Block D
120 yd2 3,600,000—4,500,000
160 yd2 4,200,000—5,200,000
240 yd2 6,500,000—7,500,000

 

Conclusion:

For genuine buyers Block A is most suitable right now but within the course of next half a year or so Block C will be nearly developed and investing there now will be resulting in good profits in medium term. Block M and N however will take some time and should only be considered for long-term investments.

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