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As most of the city’s population cannot afford the overwhelming price of property in Karachi, there is a dire need for affordable housing options in the city. However, some people are of the opinion that the residents of Karachi choose to live in flats in the city because of the high rates of Karachi real estate. Purchasing a house in Karachi in a posh and popular area requires a substantial amount of money, and this staggering amount is often not within the reach of middle-income groups.
It is popularly believed that a person who has resided in Karachi is seldom likely to choose another city in Pakistan for residence.
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Moreover, as the number of Karachi projects increase, residents have the discretion to choose from a number of property options.
Thus, many people choose to live in flats in Karachi because they are a more affordable and a more convenient option.
While property in Karachi includes huge bungalows and smaller villas, the realty sector also offers plots in Karachi and flats in Karachi, ensuring that everyone is accommodated with a suitable property option.