KDA- Karachi Development Authority was established in 1957, to play a major part in the development of housing, land, roads, and bridges in the metropolis city.
Before the formation of Karachi Water and Sewerage Board (KWSB) and Sindh Building Control Authority (SBCA), KDA was responsible for Karachi’s building control management and water supply system. But after the formation of SBCA & KWSB, KDA is held accountable for the planning, coordination, and rendering planning advice.
KDA launched its last housing scheme in 1999, near North Nazimabad’s Five Star Chowrangi.
Twenty years after its previous project KDA is set to launch another low-cost four housing scheme. This notable initiative by KDA proves to be the hope for the people of Karachi as it is one of the most eminent metropolis of Pakistan. Due to which it has relatively dense and competitive Real Estate Market. Although the news of KDA housing scheme broke out last year in December, still there isn’t much progress in the construction sector. If the news is to be believed, then this project will take one more year to proceed with the construction.
A total of 21 million population resides in the financial hub of Pakistan, Karachi. That makes the huge chunk inhabitants of K-Town dependent on the government for their housing needs. The initiative of this housing scheme allows people to invest in their own house at affordable rates. KDA housing scheme proves to be the saviour for the people who are low on budget but dream about owning their house. These benefits are the reason why people of K-Town are desperate for this housing scheme.
Residents of Karachi City can also have a residential unit of their own by being a part of this much-awaited housing scheme. All you have to do is to visit your nearby bank and get your hands on the KDA Housing Scheme registration form. The form alone can cost you around 5,000, also this amount is non-refundable. You’ll be required to submit the form with authentic information and a copy of your CNIC in the same bank with a 25% payment of the total cost of the residential unit you choose.
According to the news sources, the new KDA Housing scheme contains both plots and flats. The area on which they are spread out is likely to be 80 square yards, 120 square yards, 200 square yards and 240 square yards.
KDA will be launching these four housing schemes altogether after a gap of 20 years, marking its revival in the K-Town. Inhabitants of the city are quite excited about this scheme as it is expected to create a plethora of property investment opportunities.
We can now have a clear look at the areas KDA will be proceeding with their construction on four housing scheme. That includes Korangi, Surjani Town, KDA Scheme-1 and Federal B Area Block-1. A detailed guide of the mentioned areas is given below for your better understanding of the locality.
Korangi is the largest and most prominent town of District Korangi. The larger population of this area belongs to the middle class, that makes this area quite affordable. Korangi is home to nine union council, thus it proves to be the best construction opportunity for KDA and the residents. As this housing scheme will provide them with better and modern infrastructure.
Surjani town is another main town of District Malir Karachi after Gadap Town, which is the neighbouring town. Total number of sectors that Surjani Town inhabits is 17, which is a huge number if we consider a picture of a whole new housing scheme in the remaining town. Surjani Town has a lot more to offer its residents than just houses, it is in its developing state and can offer greater value to the masses those are approaching it for a stable investment.
KDA Scheme1 was well established in 1959, by the presidential orders of President of Pakistan to provide homes to refugees. KDA Scheme-1 is well constructed with luxury hotels and malls in its locality. It also homes a number of high-end apartments that altogether give rise to the price of this area.
Federal B Area is one of the oldest towns of Karachi, it is established since the 1950’s and has been an eminent town of Karachi. This housing society consists of 21 blocks, one of which is an industrial area and the remaining 20 comprises of a residential area. Federal B area is also known as Gulberg Town, the masses of Karachi occupying this area find it affordable yet secure to live in.