Karachi is the world’s fastest-growing city and has a population of 14.9 million. Housing is almost 60 percent of the industries in the country, and it is recognized as Pakistan’s industrial and financial center.
Karachi is situated on the coastline of Sindh province in Pakistan. It’s the largest city in Pakistan and the 12th largest city in the world. Karachi division covers approximately 3780 square kilometers.
Most of the land covered in Karachi City is branched out from Sadar, which is located around Karachi Port. The cities of Gadap, Bin Qasim, and Keamari mainly make up this uncultivated land. Residential, commercial, and industrial buildings account for nearly 15% of development, with 8% used for agriculture and 6% used for other infrastructure such as transportation networks.
Categories | Area | Area % |
Building | 55, 500 | 15% |
infrastructure | 20,400 | 6% |
park | 1800 | 0.5% |
Agriculture | 29,100 | 8% |
Restricted area | 1800 | 0.5% |
National park | 73,000 | 20% |
Water bodies | 16,400 | 4% |
Vacant | 166,800 | 46% |
Total area | 364,800 | 100% |
Residential land
Residential property is a living space that is owned, rented, or occupied by a person for a living purpose
Karachi has a total of 36% of the residential area in the district. The area that is formally developed is 74% of the population while 22% is informally developed for about 62.2% of the population. The housing stock of Karachi is 88% and is located in plots of 120 square yards or less, whereas, houses on 400 to 2,000 square yards constitute only 2% of the housing stock.
Types of residential property
- Single-Family Homes
- Condos
- Multi-Family Homes
- Luxury Homes
- Vacation Homes
Commercial land
Commercial land distinctively falls in the category of investment property. It is the most prominent type of real estate property in Pakistan. Basically, commercial lands are used for businesses, warehouses, parking lots manufacturing plants, and even profit-generating residencies. A few examples of real estate, commercial properties are mentioned down below:
- Shopping malls
- Offices
- Cinemas
- hotels
Industrial land
Karachi is the largest industrial center of Pakistan. Industrial land occupies about 75sq. km area of the city, which is about 4.6% of the total city area and it is located in 12 scattered areas. Most of them were originally developed in the suburbs and on the outskirts of the city, but with the growth of the city, some of them are now surrounded by residential areas. In the general pattern of land value distribution in cities business and commercial land, hold the highest land value followed by industrial land. The city of Karachi shows a marked variation in land values of industrial areas. Industrial areas near the city center have higher land values than industrial areas located at the peripheries. The price of land within an industrial area also varies depending upon several factors like road frontage, the width of the road, and distance from the main thoroughfare.
- Warehouse/Distribution Buildings
- Manufacturing building
- Telecom/Data Hosting Centers
- Showroom Buildings
Sea land Karachi
Sea land in Karachi has a coastal line of more than 60km that stretches from cape Monze in the west to bundle island in the east. Karachi is sprawling with sea areas like Clifton which is closest to the sea and has a popular residential and commercial locally.
Ports of Karachi
Karachi port is one of the largest ports in South Asia and the busiest port in Pakistan. The study shows that Karachi port is considered to be economically the main hub for Pakistan dealing with an estimation of 60% of the nation’s cargo. Karachi port is a deep natural port with an 11.5km long navigable channel and the approach channel is 12.2 meters deep
Ports are vital for the economic life of any country and Karachi has the largest port in Pakistan to support the country. Karachi ports are indeed handling the cargo but also bringing about local economic well-being.
- Gawadar port
- Port Qasim
- Jiwani Port
- Pasni Port
- Ormara Port
- Keti Bander Port