Investing in a Property near Seaview in Karachi? Here’s All You Need To Know
In addition to being a home for many of Pakistan’s most prominent business families, Karachi has also become the country’s real estate hub. With a burgeoning population and an increase in foreign investment, property prices have hit record highs over the last few years. The city is now home to some of the most expensive properties in Asia. Most of these high-end homes are located along the coastlines of Karachi. Among them is a neighborhood called Seaview.
Seaview was once a modest suburb that became popular with residents who were looking for a peaceful place to live away from the hustle bustle of the city. Over time, however, it has transformed into one of the most expensive neighborhoods in Karachi.
The neighborhood lies on the shores of the Arabian Sea and is home to several exclusive gated communities. It is located about 12 kilometers north of the old town area of Karachi and is spread across an area of 4.5 square kilometers. There are three main beachfronts in Sea View: North Beach, South Beach and Malir Beach. These areas feature luxury villas, apartments and condominium complexes.
The neighborhood is known for its serene environment and beautiful views of the sea and beaches. In fact, it features some of the most luxurious homes in Karachi. The area has attracted both local and foreign buyers due to its proximity to central Karachi. This means that it is easily accessible via road or public transport. While there are no big shopping malls nearby, a number of restaurants and hotels can be found in Sea View.
This has made the neighborhood popular with residents who want to enjoy their privacy but still remain close to the city Centre. Its location at the mouth of the Indus River makes it an attractive option for people who wish to buy property by the sea. In addition to this, Malir Expressway passes through the neighborhood, which ensures easy access to other parts of the city as well.
If you’re planning on buying a property near Seaview, here are 10 things you need to know:
- Be Ready to Shell out Huge Sums of Money
Seaview real estate is among the most expensive in Pakistan. Luxury villas and condominiums start at around PKR 3 million (US$ 30,000). One-bedroom apartments cost between PKR 2.6 million ($25,000) and PKR 5 million ($50,000). This means that if you’re looking at renting in the neighborhood, you’ll have to spend at least PKR 300,000 per month for a one-bedroom apartment.
- Hire a Reputed Real Estate Agent
Seaview is home to some of the best real estate agents in the country. However, it can get very difficult to choose the right one. You should always hire someone who knows how to navigate the complex legalities associated with property deals and can help you avoid any potential pitfalls.
- Make Sure Your Home Is Energy Efficient
It is important that your home is energy efficient. This will not only keep down your electricity bills but also ensure that you don’t fall victim to power cuts. If you’re living in a gated community, make sure the guard house has sufficient backup generators.
- Avoid Buying Pre-Owned Properties
Most homebuyers choose to buy pre-owned properties in Seaview because they are cheaper than new builds. However, you must remember that the neighborhood’s reputation attracts quite a lot of unwanted attention. As such, you should never buy a property that has been used before.
- Ensure That Your Neighborhood Offers Enough Security
Seaview is one of the safest places in Karachi. However, you must take extra care when choosing the security company that will guard your home. Always go for a reputed company with good reviews.
- Get the Right Title Deeds
Seaview is full of gated communities where hundreds of families reside. While most of these communities are secure, it is always advisable to check whether the title deeds for your property are clear. Remember, you cannot sell the land without having the title deed in hand.
- Look for Affordable Villas near the Sea
You might find it hard to find affordable villas in Sea View. Most of the villas in the area are priced at more than PKR 25 million. However, there are some smaller ones that come at a much lower price. You can find a two-bedroom villa in the area for about PKR 22 million.
- Don’t Forget About Transport
Malir Expressway and the National Highway pass through Seaview. Residents are provided with round-the-clock access to motorways leading to different parts of the city. There are several bus stops in the area as well. In addition to this, the neighborhood is home to a number of private buses that ply through its streets.
- A Well-Connected Community
As mentioned above, Seaview is located near the mouth of the Indus River. This makes it easier for people to commute to Karachi.
- A Great Place for Investment
Because of its strategic location and high demand, properties in Seaview are highly sought after. Due to its high prices, however, they are rarely available on rent. Since most residents prefer to buy instead of rent, houses and apartments in Seaview are often sold off quickly. As such, it can be a great place for investment.
If you’re thinking of buying property near Seaview, consider investing in land instead of building a house. Land in the area comes at a much lower price compared to buildings. This means that you can build a house yourself later on. If you’re looking for property near Seaview, feel free to visit our website today.
