Defence Phase I is one of the oldest area of the vicinity. Occupancy starts in mid 60s, few houses are still there of that time. In front of Phase I, there is commercial market on Main National Highway. This is not a very large commercial area but by the time addition of shopping malls make this area very busy and attractive for customers. Earlier car showrooms and some small markets exist there.
DHA Karachi Phase I Commercial Market boundlessness are from Defence Phase II-Extension (South), Azam Basti (North), National Highway – Korangi Road (West) and Akhtar Colony (East). Korangi Road is also known as National Highway which connect Shahre Faisal to Defence through Kala Pul. This is the major road passing through the Market.
Total covered area of this commercial is approximately 20 Acres. It has approximately 100 small and big commercial plots. Available plot sizes are 100 yards commercial plots and other categories of larger plots of 500 1000 and few of 2000 yards industrial commercial plots.
Surrounding Areas: Defence Housing Authority Office is at 5 minutes drive, College of Physicians and Surgeons Pakistan is at 5 minutes drive, Nisar Shaheed Park is at 10 Minutes drive.
Eateries Include: Dunkin’ Donuts and KFC.
Available utilities include: Electricity, Gas and Water.
Available amenities include: Shopping Malls, Banks and Petrol/CNG stations
- Monthly rental range of property: PKR 100-150 per square feet, for commercial retail outlets ground floor, and PKR 30-40 per square feet, for offices on upper floors.
- Purchase price range of constructed property: PKR 5,000-20,000 per square feet for retails outlets ground floor, and PKR 4,500-6,500 per square feet for offices on upper floors, and
- Purchase price range of open plots: PKR 100,000-150,000 per square yard, for open commercial plots, depend on the location and size of plot.
Note: This article is written by Mr. Muhammad Shafi Jakvani, CEO – Citi Associates. All the information in this article is up-to-date till 15th September, 2012. All prices are assessed from ongoing market, it can be change any time and there is no guarantee for any differ. It could vary according to some individual’s need. This article was originally published in DAWN Real Estate Advertiser.