Allama Iqbal Road, PECHS Karachi – Shop & Office Price

Allama Iqbal Road is a bustling commercial hotspot which stretches from Jheel park to Kashmir road and passes through Khalid bin Waleed Road and Tariq Road. It is named after Sir Muhammad Iqbal, Pakistan’s national poet, who envisioned Pakistan’s creation and whose 140th birthday will take place on November 9.

Clothes, jewellery and a whole lot more…. Allama Iqbal Road is lined with stores of every kind, which deal in fabric, fashion accessories, jewellery, shoes and sportswear. Nearby are the well-known Dupatta Gali, Kurta Gali and sunar Gali which are especially popular during the wedding season; prices are lower there when compared to other shopping hubs in Karachi.

A significant number of salons, catering to men and women, as well as auto- repair shop, banks, car showrooms, educational institutes and wedding halls also have a presence, in addition to a few small parks.

A foodie’s delight… A plethora of roadside eateries, as restaurants can be found there. Food on offer ranges from snacks such as bun kababs and samosas to desi barbeque and mithai. If these choices are not enough, you can head to the nearby Tariq Road, a foodie destination of sorts with plenty of choices including burgers, Chinese food, falooda, kulfi, nihari  and shawarmas.

The real estate take… Commercial property options include standalone shops and retail space in low- and high- rise building. Residential property options include high-end apartments which have been established within the last five years and houses built on 250 and 500 square yards plots. Demand for, and  the value of, property increase by nearly 20% each year. Rentals are high and increase by 12 to 14% annually.

In a nut shell…. With a wide range of foodie and shopping options, Allama Iqbal Road is a one – stop destination for people living in Karachi.

By Uzma Khateeb Nawaz

REAL ESTATE PRICE GUIDE

SHOPS     

 

SALE RENTALS
300 sq ft 6-12 million 80,000-90,000
500 sq ft 15-32 million 120,000-200,000
1200 sq ft 35-60 million 400,000-600,000

OFFICE SPACE

SHOPS SALE RENTALS
1,200 sq ft 32-45 million 280,000-380,000
1,800 sq ft 50-65 million 3800,000-650,000

 

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