If you are thinking about establishing a restaurant in Karachi, here are three localities which are attracting the most investment:
1 Block 4, Clifton is located between Phase V Extension, DHA, and Block 3, Clifton. Nearly 10% of the houses have been converted into cafés and restaurants, and the demand for houses increase by 25 to 30% each year.
Available plot sizes: 600 and 1,000 square yards
Purchase price ranges: Rs 90,000-110,000 per square yard
Monthly rental range: Rs 400,000-650,000
2 Khayaban-e-Roomi, Clifton stretches between Sea View Road and Khayaban-e-Shaheen. An increasing number of double- and triple-storey houses along this artery are being converted into cafes and restaurants. The demand for houses there increases by 18 to 22% each year.
Available plot sizes: 1,000 and 2,000 square yards
Purchase price ranges: Rs 120,000-150,000 per square yard
Monthly rental range: Rs 550,000-850,000
3 Tipu Sultan Road stretches from Shahrah-e-Faisal to Karsaz Road and is located in proximity to several upmarket neighbourhoods. The demand for residential property for commercial use increases by 18 to 22% every year. Double-storey houses, which have five to six rooms, a terrace and a lawn are especially popular among investors.
Available plot sizes: 1,000 and 2,000 square yards
Purchase price ranges: Rs 78,000-88,000 per square yard
Monthly rental range: Rs 600,000-850,000
By Uzma Khateeb Nawaz. Information provided by CITI Associates, Karachi.
