The increasing population of Karachi has resulted in a heightened demand for rental properties within the city. Affordability remains a critical consideration for residents amidst escalating inflation.
Today, we focus on the Shanti Nagar area of Karachi, recognized for its reputation as one of the more economical rental hubs.
There are several ethnic groups living in Shanti Nagar including Kutchi, Muhajirs, Sindhis, Kashmiris, Seraikis, Pakhtuns, Balochis, Memons, Bohras, Ismailis, etc. Over 85% of the population is Muslim. The population of Gulshan Town is estimated to be nearly one million. Shanti Nagar has Hindu and Christian population. The neighbourhood comprises 12 localities with a population of over 100,000 people.
In these localities, rental options include two-bedroom apartments priced between 22,000 to 24,000 rupees per month. Larger accommodations such as 3, 4, and 5-bedroom flats are also available, ranging up to 55,000 rupees per month.
Rental rates can fluctuate due to changes in the value of the rupee, inflation trends, and other socio-economic factors.
Navigating Karachi’s dynamic rental landscape requires a balance between financial constraints and location preferences. Nevertheless, with numerous neighborhoods spread across the city, finding a comfortable and affordable residence is achievable for those willing to explore alternatives and negotiate effectively.
