Re: Gilani cancels illegal allotments
Agreed! All mentioed areas are real crape and worth at most 450 million. I lived in Karachi all my teen years but never been to these places. They might be a lot less.
Well brother, maybe you are right, but that would mean average value of each property would be worth around 1.37 lac (then only 3281 properties would be around 450 million). Still, you might be right as property with long tenancy occupation of 40 to 50 years is very difficult to vacate, and thus such properties in that run down area could not be worth more than one lac rupees even after property boom of last few years. Well, since they were government properties occupied by ex-government employees, it means they may be worth even less than few tens of thousands with such long tenancy.