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Gulberg Islamabad Development and Price Update June 2015

property-market

Gulberg Islamabad has proven to be a more rewarding investment option despite the general slowdown in property market across Islamabad. We had informed our readers about the ongoing developments and increasing trend of investment in Gulberg which ultimately caused increase of about 25 to 35 % in plot prices during the second half of last year and first half of this year.

As possessions had been announced already in Sector E, I, C, J, F & G, demands in these sectors increased rapidly causing prices to ratchet up significantly during the first half of this year. Development work in A & B is still on going and possessions are expected within a year for these two blocks. Once developed, this will be most expensive location in Residencia due to elevation, solid ground and distance from main highway.

Average price of 7 marla plots in the above mentioned blocks has reached around 30 lacs, 10 marla plots around 40 lacs and 1 kanal plots around 60 lacs. 10 marla plots have proven to be more profitable than other categories, whereas 1 kanal has still much room for profit.

Not all blocks have had this much demand and not all have increased that much in value. Major price rise is seen in blocks A, B, E, I and F, while few blocks like K, R, M, S, T, P have not seen any significant increase in prices.

Rise in prices can be attributed to two factors, i.e. start of construction work after possessions and least availability of plots. Since many investors had smelled the rise beforehand, they picked up majority of available plots from the market and literally swept off all good location plots. Most of them are still holding their investment which has caused shortage of plots resulting in significant increase in prices. Construction of a house in E block and launch of luxury houses project in block I have added to the demand of plots immensely in these sectors.

More possessions are expected in a year especially in L, M, R & V blocks which are quite developed already but lie at the farther end of the society towards Naval Anchorage. Block L & V can be considered as better investment options as prices are still reasonable and possessions are expected soon.

New cutting of residential plots may be announced within next 3 months in block A at the area reserved for future use. According to some sources, there will be around 300 plots of 10 marla & 1 kanal. Expected price of 10 marla will be around 50 lacs and 1 kanal will be around 80 lacs. This news has come from serving IB employees, however no exact dates are given.

Inauguration of the second bridge is expected very soon as the construction work is near completion. As soon as the bridge is completed, Residencia will get easy approach through farm houses and some price jumps can be expected. Balloting of files without numbers, launch of 5 marla plots and release of new map is also expected after the bridge is completed.

Gulberg Greens, on the other hand, has not shown any significant increase for past few months. Even after the revised booking prices, there is not significant rise in prices of old bookings. Block C still has some demand in market and it is considered to be the best block of Greens. Block E and D of Gulberg are still under development and Prices are comparatively low in these block. Development work is going on at good pace in these blocks, and we can expect possessions by next year.

33 Comments

  1. Farhan Saleem says:

    you have not mentioned about O-Block. Whats the status? On the map it looks adjecent to I, E & H block. Please comment on this also.

    • Initial streets of block O are developed and have demand, while remaining area has no demand, especially 7 marla plots. The land is not clear at the area and it can take time before they can continue their development. Average price of 7 marla in O block is around 17,18 lacs, while 10 marlas range from 25 to 30+ lacs depending on location.

      • Muhammad shahzad Khan says:

        can any one tell me the price of 1 kanal plot in gulberg greeen and what is the down payment

        • Gulberg Residencia has 1 kanal plots but nothing available on fresh installments. If need to have budget of 35 up to 70 lacs in order to buy 1 kanal plot in gulberg. prices vary according to location, development status and category.

          • taj says:

            pls can infrom k block wahen the are astart working and fiutar?5 marla plote wacih block and when shadull payment opinge pls give detal thainks very much jazcallah

      • Shah khan says:

        Plz inform about the status of commercial area development in block A..plz also inform us about other approaches or roads to gulberg residencia apart from the main highway. Its true that gulberg will soon beat behria town i guess by the end of this year..i wish to buy here soon..

  2. NAVEED ALAM says:

    very nice assessment about Gulberg Islamabad. Thanks for your valuable information’s.

  3. Khan says:

    None of the blocks possession has been given in Gulberg Residencia, pls.make correction in you above article and dont deceive people.

    • ali says:

      i think you have not visited gulberg recently. Possessions are available.

      • One house in E is under construction, and villas projects are launched in i, how can these start without possession???

        • Gul Khan says:

          I have more than one plot in I block and would like to construct the home but possession is not available, Could you pls guide me how to get the possession because Gulberg in blue area office saying the as usual delayed dialogues
          .

          • essaam says:

            possession are available only few places &area work still not complete in i block working progress is very very slow even bridge is not complete they have no direction only speaks lie balloting of file always give date after that cancel
            only liers

    • Gul Khan says:

      100% agreed with Khan sb

  4. Mr. Zeb says:

    any good news for owners of block P .. is there any development work going on or its a dead investment. it is the block having maximum number of I kanal plots together

  5. ismail khan says:

    Assalamoalaikum. Thanks for sharing the important information. Do you have any idea when construction will be started in A & B blocks. Also when the 5 marla plots will be available for purchase. Thanks

  6. Mustafa says:

    What is the situation in T Block? Why there is no significance price hike? Any idea when new map will roll out?

  7. Muhammad Awais says:

    Asslam o Alaikum..!
    What is the price range of 7 Marla in block L & V ?

  8. Analyses says:

    You have not mentioned about Q block. What is the status of its development and expected price range for 10 marla plot? Thanks

  9. Zain Ali says:

    what will be the profit of o block 12 marla plot main road

  10. abid hasnain says:

    Aoa. Dear all plz let me know about development status of Gulberg Residencia Block A. I ve purchased a plot there. And want to construct home.
    Possession kab tak mily ga…????

    • Tahir Shah says:

      Same with me, Abid sb. Waiting for someone to inform about possession of plots there. They promised to handover by Jan-Feb. 2016. Lets see what happens now.

  11. abid hasnain says:

    Manahilestate where r u ….??? To give the answer of my question…

  12. Syed qasmi says:

    What is the price for one kanal in block t and when we will get possession ,and how much development has been done so far and what the future price we should speculate?

  13. Sara Ali says:

    about development status and price of Gulberg Residencia Block A.

  14. NAVEED ALAM says:

    PLEASE UPDATE ME ABOUT THE CURRENT PRICES OF ONE KANAL PLOT IN BLOCK-A

  15. Usama says:

    when will the balloting of the plot files without numbers is expected???

    and what are the prospects of 5 marla plots? is it a good investment at small scale?

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