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Exploring the ins and outs of Islamabad’s Gulberg Residencia

Posted by realadmin on March 18, 2017
| 0

The vicinity of under-construction Islamabad Expressway is destined to become hotcake among potential investors in the due time. Gulberg Residencia is among these societies. However, real estate investment volume has gradually dropped in the course of last couple of weeks.

In order to help you understand the factors that have altered investment volume in the society that occupies a fine spot in Islamabad, I have prepared this exclusive analysis. Read on!

Litigation

More than 50% of the project’s land is in litigation. While the developer is busy fixing the issue, the fact remains that they don’t have complete possession of land in many blocks. Blocks I, J and E are the only blocks where the developer has acquired and developed 100% land with possession available. Naturally property rates in these blocks is also higher. In addition, many plot owners are also constructing their houses in the mentioned blocks.

In blocks L and V, the developer has acquired and developed about 50% and 75% of the area respectively. Block A and G are 20% cleared and developed. Major litigation issues prevail in Block H, K, M, O, and P while 50% land is available for Block N. In blocks B, F, Q, R, S and T, the developer has acquired 100% land but have carried out no development so far.

Slow Pace of development

Due to litigation issues, the pace of development work in the project is slow. The increased real estate activity witnessed during the last two months was due to the construction of Gulberg Interchange and the bridge that connects Gulberg Greens with Gulberg Residencia. Interesting thing to note here is that, in terms of development work pace, the opposite is seen in Gulberg Greens – an exclusive farmhouse project targeting the end users from upper class.

Block wise rates

Here is block-wise price range of residential plots in Gulberg Residencia:

Blocks Plot Size Price range
A 7 Marla PKR 3,200,000 – PKR 3,500,000
  10 Marla PKR 4,700,000 – PKR 5,200,000
  1 Kanal PKR 7,500,000 – PKR 9,000,000
  2 Kanal PKR 13,000,000 – PKR 14,000,000
B 7 Marla PKR 3,200,000 – PKR 3,500,000
  10 Marla PKR 4,700,000 – PKR 5,200,000
  1 Kanal PKR 7,500,000 – PKR 9,000,000
C 7 Marla PKR 3,400,000 – PKR 3,700,000
  1 Kanal PKR 8,000,000 – PKR 100,000,000
E 1 Kanal PKR 8,800,000 – PKR 3,700,000
F 7 Marla PKR 3,300,000 – PKR 3,800,000
  10 Marla PKR 4,800,000 – PKR 5,500,000
G 7 Marla PKR 3,100,000 – PKR 3,300,000
  10 Marla PKR 3,900,000 – PKR 4,500,000
H 7 Marla PKR 2,400,000 – PKR 3,000,000
  10 Marla PKR 3,500,000 – PKR 4,000,000
I 7 Marla PKR 3,700,000 – PKR 4,000,000
  10 Marla PKR 5,000,000 – PKR 6,000,000
J 1 Kanal PKR 8,000,000 – PKR 9,000,000
K 7 Marla PKR 2,300,000 – PKR 2,700,000
  10 Marla PKR 5,000,000 – PKR 6,000,000
  12 Marla PKR 4,400,000 – PKR 4,400,000
L 7 Marla PKR 3,000,000 – PKR 3,400,000
  10 Marla PKR 4,000,000 – PKR 4,500,000
  12 Marla PKR 4,500,000 – PKR 5,000,000
M 7 Marla PKR 2,300,000 – PKR 2,600,000
N 7 Marla PKR 2,500,000 – PKR 2,700,000
  10 Marla PKR 3,500,000 – PKR 4,000,000
O 7 Marla PKR 2,300,000 – PKR 2,500,000
  10 Marla PKR 3,000,000 – PKR 3,700,000
  12 Marla PKR 3,800,000 – PKR 4,000,000
P 7 Marla PKR 2,100,000 – PKR 2,500,000
  10 Marla PKR 2,900,000 – PKR 3,200,000
  12 Marla PKR 4,100,000 – PKR 4,600,000
R 7 Marla PKR 2,300,000 – PKR 2,500,000
  10 Marla PKR 3,500,000 – PKR 3,600,000
S 1 Kanal PKR 5,000,000 – PKR 5,500,000
T 10 Marla PKR 3,000,000 – PKR 3,500,000
  1 Kanal PKR 4,800,000 – PKR 6,000,000
V 7 Marla PKR 2,300,000 – PKR 2,800,000
  10 Marla PKR 3,500,000 – PKR 3,800,000
  12 Marla PKR 4,200,000 – PKR 4,500,000

 

What’s coming up next?

I have learnt that the developer is looking to offer possession for plots in Block B, F and R in the coming three months. So property rates in these blocks can go up. Furthermore, the auction of commercial plots in Block D Markaz, which is the commercial sector of Gulberg Residencia, is also planned in June this year.

Where to invest?

If you have enough capital, you can wait for the auction of commercial plots in D Markaz. If playing big is not your cup of tea, you can opt for buying residential plots in Block B, F, R and P (only in the developed part). My sources claim that 1 kanal residential plots in Block P could fetch better gains in the short to medium term.

Have a feedback on this article or Gulberg Residencia? Leave you comment below.

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