Updated: 7 November 2026
Ocean Gardens Karachi, also marketed as Ocean Garden, is a gated apartment community on Main University Road in Scheme 33, next to Falcon Housing Scheme and about 7 minutes’ drive from Jinnah International Airport. It is built by Ocean, a joint venture of Siddiqsons and Punjabi Saudagar Corporation, and more than 600 units had been sold by October 2026. Apartments start from PKR 1.02 crore (PKR 10,200,000) for a 2-bed on a 4-year plan, as of November 2026; approval details are in the approval section below.
| Item | Detail |
| Developer | Ocean, a joint venture of Siddiqsons Limited and Punjabi Saudagar Corporation (PSC) |
| Location | Plot 1, Sector 44, Deh Dozan, Gulzar-e-Hijri, Scheme 33, Main University Road, Karachi |
| Approval | Approval number not yet published (see approval section) |
| Project type | Apartments in a gated community, with commercial showrooms |
| Towers | COM 1 (4-bed and 3-bed), COM 9 (2-bed), COM 10 (4-bed duplexes, launched September 2026) |
| Unit sizes | 740 to 1,840 sq ft total area |
| Starting price | PKR 1.02 crore (2-bed Type C), as of November 2026 |
| Payment plan | Four opening payments, 48 monthly and 16 quarterly instalments, and payments linked to construction stages |
| Possession | On completion of the payment plan, about 4 years from booking (48 monthly instalments) |
The community fronts the 200-foot road that runs from Karachi University to Jinnah Avenue, on Main University Road beside Falcon Housing Scheme and near Malir Cantt. Jinnah International Airport is about a 7-minute drive away.
Safoora Chowrangi, the University of Karachi, Memon Medical and Askari V are all in the surrounding area, with Shahrah-e-Faisal to the south.
The developer has not published a building-plan approval or NOC number for Ocean Gardens yet. Before you pay a booking amount, ask the sales office for the approval letter for your tower and check it with the developer and the approving authority for Scheme 33. We will add the authority, number and date here as soon as they are public.
Every unit is on the same structure, spread over about 4 years: four equal opening payments (booking, allocation, confirmation and start of work), 48 monthly and 16 quarterly instalments, and payments linked to each stage of construction, ending with a final payment on possession. Possession is on completion of the payment plan, about 4 years from booking (48 monthly instalments).
| Type | Tower | Size (sq ft) | Total price | Each opening payment (x4) | Monthly (x48) | Quarterly (x16) |
| 4-bed Type A-1 | COM 1 | 1,840 | PKR 2.47 crore / 24,700,000 | PKR 10 lakh | PKR 1.50 lakh | PKR 2 lakh |
| 4-bed Type A | COM 1 | 1,790 | PKR 2.35 crore / 23,500,000 | PKR 9 lakh | PKR 1.40 lakh | PKR 2 lakh |
| 3-bed Type B | COM 1 | 1,155 | PKR 1.65 crore / 16,500,000 | PKR 7.5 lakh | PKR 1 lakh | PKR 90,000 |
| 2-bed Type C | COM 9 | 740 | PKR 1.02 crore / 10,200,000 | PKR 5 lakh | PKR 60,000 | PKR 60,000 |
| Type | Excavation, foundation, plinth (each) | Roof casting (x21) | Masonry to finishing (7 stages, each) | On possession |
| 4-bed Type A-1 | PKR 3.5 lakh | PKR 2.75 lakh | PKR 4.5 lakh | PKR 3.25 lakh |
| 4-bed Type A | PKR 3.5 lakh | PKR 2.5 lakh | PKR 4.5 lakh | PKR 5.3 lakh |
| 3-bed Type B | PKR 2.5 lakh | PKR 1.75 lakh | PKR 3.5 lakh | PKR 3.85 lakh |
| 2-bed Type C | PKR 1.25 lakh | PKR 1 lakh | PKR 2.3 lakh | PKR 2.75 lakh |
Prices as of November 2026, from the developer’s payment schedules for COM 1 and COM 9. Documentation charges are extra. Preferred units carry an extra charge: 2% each for west-open, corner, road-facing and landscape-facing units, 2% for floors 1 to 3 and 1% for floors 4 to 7.
The developer offers a rebate if you pay more up front: 2.5% for a down payment of 1–5%, 5% for 5.1–14.99%, 7.5% for 15–50% and 10% for 51–99%. Paying the full price brings a 15% rebate on one unit, or 25% when you buy five or more.
Our take: Ocean Gardens offers what few Scheme 33 buildings do: a gated tower with a pool, gym and padel court on Main University Road, close to the airport. It is backed by a Siddiqsons and Punjabi Saudagar joint venture with a long list of completed projects, on a 4-year plan with payments tied to construction. The 3-bed Type B is priced about 9% above older ready flats nearby, with an estimated gross rental yield of 4.7%, so it suits families who want a new building with amenities as well as buyers who plan to rent it out. The main risks are an approval number that has not been published yet and the delivery risk of buying off-plan, with possession about 4 years away.
| Measure | Figure |
| Price per sq ft | Price: PKR 14,286 per sq ft (1,155 sq ft, PKR 16,500,000). |
| Compared with ready units nearby | Ready units nearby average about PKR 13,131 per sq ft, so this unit is priced about 9% above ready-unit prices. |
| Gross rental yield today | Estimated gross rental yield at today’s rents: 4.7%. |
| Net rental yield at possession (before income tax) | Estimated net rental yield at possession (before income tax): 4.1%, after maintenance, vacancy, agent fees, property tax and repairs. |
| Payment plan | Payment plan: 18% down payment; 100% of the price is paid by possession. |
Figures are for the 3-bed Type B on its total area of 1,155 sq ft (1,005 sq ft net); the 18% down payment is the four opening payments, and rents are asking rents for unfurnished 3-bed flats in Scheme 33.
We compared 14 ready 3-bedroom flats in Gulzar-e-Hijri and nearby parts of Scheme 33, asking PKR 8,800 to 16,857 per sq ft; the average is about PKR 13,131. Most are older mid-rise blocks without a pool or gym, while Ocean Gardens is a new gated tower. Asking prices and area definitions vary, so treat the gap as approximate.
Asking prices on Zameen, checked 7 November 2026.
| # | Project | Size (sq ft) | Asking price (PKR) | PKR per sq ft | Listing |
| S1 | Sumaira Residency, Gulzar-e-Hijri | 1,450 | 18,000,000 | 12,414 | Zameen |
| S2 | Fatima Ali Towers, Gulzar-e-Hijri | 1,500 | 18,000,000 | 12,000 | Zameen |
| S3 | Fatima Ali Towers, Gulzar-e-Hijri | 1,300 | 18,000,000 | 13,846 | Zameen |
| S4 | Country Terrace, Gulzar-e-Hijri | 1,300 | 14,500,000 | 11,154 | Zameen |
| S5 | Sania Corner, Gulzar-e-Hijri | 1,400 | 18,000,000 | 12,857 | Zameen |
| S6 | Taloo Gold, Gulzar-e-Hijri | 1,500 | 22,000,000 | 14,667 | Zameen |
| S7 | Sakina Pride, Gulzar-e-Hijri | 1,500 | 17,500,000 | 11,667 | Zameen |
| S8 | Karachi University Housing Society (furnished) | 1,250 | 11,000,000 | 8,800 | Zameen |
| S9 | Gulzar-e-Hijri | 1,151 | 17,300,000 | 15,030 | Zameen |
| S10 | Gulzar-e-Hijri | 1,000 | 16,200,000 | 16,200 | Zameen |
| S11 | Grey Noor Tower, Scheme 33 | 1,450 | 21,500,000 | 14,828 | Zameen |
| S12 | Daniyal Residency, Scheme 33 | 1,450 | 17,500,000 | 12,069 | Zameen |
| S13 | Saima Residencia, Scheme 33 (brand new) | 1,400 | 23,600,000 | 16,857 | Zameen |
| S14 | Chapal Sun City, Scheme 33 | 1,355 | 15,500,000 | 11,439 | Zameen |
Figures are Lead Marketing estimates based on the sources listed and are not a guarantee of future prices, rent or returns. Yields are before income tax, which depends on your personal tax status. Verify approvals with the relevant authority before booking.
Analysis as of November 2026, prepared from the developer’s documents. See how we analyse projects.
Each unit’s total area includes a share of the circulation space outside the apartment, so the living space is smaller than the total.
2-bed Type C (COM 9). The entry point at 740 sq ft total (611 sq ft net). Both bedrooms are about 10 by 13 feet, with a 14 by 12 foot lounge, a balcony and a separate washing area.
3-bed Type B (COM 1). 1,155 sq ft total (1,005 sq ft net), with three bedrooms, a lounge and a separate drawing room that can double as a bedroom. A good fit for a family that wants three bedrooms at a lower monthly instalment.
4-bed Type A (COM 1). 1,790 sq ft total, with four bedrooms around a central lounge and dining area and a kitchen with a wide passage.
4-bed Type A-1 (COM 1). The largest standard layout at 1,840 sq ft total (1,559 sq ft net), with four bedrooms, a lounge and a long balcony along one side.
Ocean Gardens also offers 4-bed apartments with private pools and, in COM 10, 4-bed duplexes; the sales team can share their sizes and current schedule.
The whole community sits behind a gated entrance with a drop-off, reception, waiting area and high-speed lifts.
Construction is under way, and sales have moved quickly:
| Date | Milestone |
| 18 August 2026 | Buyers tour the construction site at an Independence Day event |
| 2 September 2026 | Developer reports a construction milestone |
| 14 September 2026 | More than 400 units sold in COM 1 and COM 9; COM 10 launched with 4-bed duplexes |
| 27 October 2026 | More than 600 units sold |
Ask the sales office for the construction schedule for your tower with your booking. We will add a dated site photo and progress update here.
Ocean Gardens is developed by Ocean, a joint venture of Siddiqsons Limited and Punjabi Saudagar Corporation. Their completed projects include Ocean Mall and Towers, Ocean One, Ocean Point and Ocean Breeze, the PS City and Punjabi Saudagar projects, and the Rafi projects, among them Rafi Premier, Rafi Gardens and Rafi Mall. The towers are designed by SA Architects.
If you are overseas, our Islamabad team can tell you whether the developer accepts remote bookings for your unit.
Lead Marketing is an authorised sales partner for Ocean Gardens, a Siddiqsons and Punjabi Saudagar Corporation joint venture. Our Islamabad team handles Karachi bookings.
Prices, payment plans and availability change; figures on this page were checked on 7 November 2026 from the developer’s payment schedules, floor plans, website and official Instagram. Property is an investment with risk. Verify approvals with the relevant authority before booking.
Prices and payment plans: Ocean’s payment schedules, floor plans and official website, November 2026. Development updates: Ocean’s official Instagram. Comparables: Zameen asking prices and rents read on 7 November 2026. Page updated 7 November 2026.
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