{"id":36107,"date":"2018-03-22T10:57:37","date_gmt":"2018-03-22T05:57:37","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=36107"},"modified":"2019-05-20T04:46:11","modified_gmt":"2019-05-20T04:46:11","slug":"latest-on-development-status-and-rates-in-gulberg-residencia-islamabad","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/latest-on-development-status-and-rates-in-gulberg-residencia-islamabad.html","title":{"rendered":"Latest on development status and rates in Gulberg Residencia, Islamabad"},"content":{"rendered":"

It is among the few housing society in Islamabad\u2019s Zone IV where trade volume due to genuine demand has been increasing. While we do know that people having stakes in prime housing societies of Zone II are currently excited about the inauguration of Islamabad International Airport, some believe that Gulberg Residencia could very well be the next place for these investors to head to.<\/p>\n

If you, too, are looking to invest in this society, which is set to reap immense benefits from the expansion of Islamabad Expressway and it becoming a single free corridor connecting Rawat with Zero Point, this blog has all the information you need to invest here.<\/p>\n

Market trends<\/strong><\/p>\n

Property demand started to pick up pace at the start of this year. Experts looking closely at this project have seen people moving their investments from other societies in hopes of getting tempting returns on investment. That, coupled with the developer of Gulberg Residencia resuming development work in some blocks, does seem convincing after all.<\/p>\n

Some concerns<\/strong><\/p>\n

The developer is yet to acquire complete property possession in at least six of its blocks, which are Blocks B, E, F, O, K, and N. While trying to get exact details on how much land in these blocks is still in litigation, we learnt that the exact details are with the developer, and have not been divulged.<\/p>\n

Our sources nonetheless believe that any investment made here will be secure as the developer will get the land, develop it and handover the plots to the respective owners. And that\u2019s despite the fact that possession here was promised in 2016.<\/p>\n

Development status and block-wise rates<\/strong><\/p>\n

Here are the details on development and possession status for each block in Gulberg Residencia along with their property rates:<\/p>\n

Block A<\/strong><\/p>\n

Development work here is underway, where earthwork has been completed, while work is underway to lay the road network and sewerage lines. Possession is yet to be handed over in Block A.<\/p>\n\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 3,100,000 – PKR 4,000,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,300,000 – PKR 6,500,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 6,000,000 – PKR 10,000,000<\/td>\n<\/tr>\n
2-Kanal<\/td>\nPKR 10,000,000 – PKR 15,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block B<\/strong><\/p>\n

Here, the developer has completed work on 30% of the area, where roads are carpeted with sewerage lines laid. Possession has not been granted here yet.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,600,000 – PKR 3,200,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 3,800,000 – PKR 4,700,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 6,500,000 – PKR 9,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block C<\/strong><\/p>\n

In Block C, development work has been completed by 40%, with roads carpeted and sewerage lines laid. Possession here has been granted on the plots located on and back of the main boulevard.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 3,700,000 – PKR 3,800,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,800,000 – PKR 5,100,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 8,500,000 – PKR 9,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block E<\/strong><\/p>\n

Development work here has been completed for the 95% of the land for which possession has been granted. Around 15 families are living here.<\/p>\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 9,000,000 – PKR 11,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block F<\/strong><\/p>\n

The developer has completed work on 90% of the land and also handed over the possession.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 4,000,000 – PKR 4,700,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 6,000,000 – PKR 6,800,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block G<\/strong><\/p>\n

In this block, development work is yet to be started. Local settlements exist here, indicating that litigation issues may be present.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,400,000 – PKR 2,600,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 3,500,000 – PKR 4,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block H<\/strong><\/p>\n

Development work is yet to start in Block H, where the land has not been leveled either. A few settlements can also be seen here, but agents state that there are no litigation issues in this block.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,800,000 – PKR 3,400,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,500,000 – PKR 6,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block I<\/strong><\/p>\n

Work here is completed by 100% with possession available. About 50 houses have been constructed, and many families are already living here. No litigation issues exit in Block I.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 4,000,000 – PKR 5,000,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 5,700,000 – PKR 6,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block J<\/strong><\/p>\n

Development work in Block J has been completed by 90% for which the developer has also granted possession. This block, reportedly, has no litigation issues.<\/p>\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 8,000,000 – PKR 10,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block K<\/strong><\/p>\n

Land here has been levelled and machinery to start development work is also present. Some litigation issues exist in this block too.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,700,000 – PKR 3,200,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 3,400,000 – PKR 4,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block L<\/strong><\/p>\n

Development work has been completed by 75%, for which possession has also been granted. Work is underway on the remaining 25% of the land. Some houses are also under construction in this block.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 3,500,000 – PKR 4,000,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,600,000 – PKR 5,000,000<\/td>\n<\/tr>\n
12-Marla<\/td>\nPKR 4,700,000 – PKR 5,100,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block M<\/strong><\/p>\n

In Block M, development work only started recently. This block has no litigation issues. Work is underway on various lanes.<\/p>\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,500,000 – PKR 3,200,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block N<\/strong><\/p>\n

At the moment, development work here has been competed by 30% while work is underway on the remaining 70% area. Here, litigation issues exist on land featuring 1-kanal plots.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,700,000 – PKR 3,500,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,200,000 – PKR 4,700,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 5,000,000 – PKR 5,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block O<\/strong><\/p>\n

A small part of this area has been developed but no further work is being carried out at the moment. Around 40% of the block is in litigation.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,500,000 – PKR 2,700,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,000,000 – PKR 4,300,000<\/td>\n<\/tr>\n
12-Marla<\/td>\nPKR 4,500,000 – PKR 4,700,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block P<\/strong><\/p>\n

Currently, development work is underway in Block P, where work has been completed on 30% of the total area. It is the biggest block of the society. Here, litigation issues exist on 10% of the land.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,300,000 – PKR 3,200,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,500,000 – PKR 5,000,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 5,000,000 – PKR 5,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block Q<\/strong><\/p>\n

Block Q is free from litigation issues yet the development work has been completed only by 10%, for which possession hasn\u2019t been granted. At the same time, no machinery has been deployed to carry out development work on the remaining part.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,000,000 – PKR 4,500,000<\/td>\n<\/tr>\n
12-Marla<\/td>\nPKR 4,100,000 – PKR 4,700,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 4,800,000 – PKR 5,000,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block R<\/strong><\/p>\n

Development work has been completed here by 10%, with no possession available. In addition to that, no work is being carried out at the moment. About 10% land here is in litigation.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 2,600,000 – PKR 2,900,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 3,300,000 – PKR 4,000,000<\/td>\n<\/tr>\n
12-Marla<\/td>\nPKR 4,000,000 – PKR 4,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block S<\/strong><\/p>\n

Block S is developed by 30%, while possession hasn\u2019t been granted. At the moment, no further work is underway. While this block also has some litigation issues.<\/p>\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 5,000,000 – PKR 5,500,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block T<\/strong><\/p>\n

In this block, development work has been completed by 90%, while possession is yet to be handed over.<\/p>\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 3,700,000 – PKR 4,000,000<\/td>\n<\/tr>\n
1-Kanal<\/td>\nPKR 4,000,000 – PKR 4,800,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Block V-<\/strong><\/p>\n

Development work here is complete by 40%, for which possession has been granted. At the moment, five house are under construction here. This block has no litigation issues.<\/p>\n\n\n\n\n\n\n
Plot size<\/strong><\/td>\nPrice range<\/strong><\/td>\n<\/tr>\n
7-Marla<\/td>\nPKR 3,000,000 – PKR 3,700,000<\/td>\n<\/tr>\n
10-Marla<\/td>\nPKR 4,100,000 – PKR 4,800,000<\/td>\n<\/tr>\n
12-Marla<\/td>\nPKR 4,800,000 – PKR 5,300,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

If you compare the above mentioned rates with those of same plots sized the same in neighbouring housing societies, you will definitely find Gulberg Residencia much cheaper. But since the difference in rates is also due to the fact that the society is yet to be fully developed and handed over and also that it has some litigation issues, the society\u2019s future depends on how the developer goes about attending to these. In more ways than one, any investment made in Gulberg Residencia will be medium term.<\/p>\n

Readers are recommended to do their research to ensure that they make a wise investment decision. For further consultation in this regard, you can call Mian Muhammad Waleed of Advice Associates on +92-0331-545-4248.<\/p>\n","protected":false},"excerpt":{"rendered":"

It is among the few housing society in Islamabad\u2019s Zone IV where trade volume due to genuine demand has been increasing. While we do know that people having stakes in prime housing societies of Zone II are currently excited about the inauguration of Islamabad International Airport, some believe that Gulberg Residencia could very well be the next place for these investors to head to. If you, too, are looking to invest in this society, which is set to reap immense benefits from the expansion of Islamabad Expressway and it becoming a single free corridor connecting Rawat with Zero Point, this blog has all the information you need to invest here. Market trends Property demand started to pick up pace at the start of this year. Experts looking closely at this project have seen people moving their investments from other societies in hopes of getting tempting returns on investment. That, coupled with the developer of Gulberg Residencia resuming development work in some blocks, does seem convincing after all. Some concerns The developer is yet to acquire complete property possession in at least six of its blocks, which are Blocks B, E, F, O, K, and N. While trying to get exact…<\/p>\n","protected":false},"author":18,"featured_media":36108,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11051],"tags":[5790,5791],"persona":[],"class_list":{"0":"post-36107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-property","8":"tag-latest-update-on-gulberg-residencia-islamabad","9":"tag-property-rates-in-in-gulberg-residencia","10":"cat-11051-id"},"acf":[],"yoast_head":"\nLatest on development status and rates in Gulberg Residencia, Islamabad<\/title>\n<meta name=\"description\" content=\"It is among the few housing society in Islamabad\u2019s Zone IV where trade volume due to genuine demand has been increasing. 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