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Gulberg Green Islamabad Plots in Installments

Posted by Muhammad Imran on November 17, 2023
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Gulberg Green Islamabad offers plots in installments on a four-year installment plan. IBECHS (Intelligence Bureau Employees Cooperative Housing Society) Islamabad offered its members 4th file plots with a four-year payment plan, payable every quarter. Moreover, employees who choose not to retain their plots or cannot proceed with the installment plan are selling their plots in the market. These plots come with the current market profit margin, along with the amount they have already paid.

Gulberg Green Islamabad 4th file plot sizes:

Members of the Gulberg society can opt for four distinct plot sizes, with the flexibility to pay in installments.

  • 5 Marla plots on installment under the 4th schedule
  • 7 Marla plots on installment under the 4th schedule
  • 10 Marla plots on installment under the 4th schedule
  • 1 Kanal plot on installment under the 4th schedule

5 Marla plots on installment under the 4th schedule:

The price range for a 5-marla plot in Gulberg Greens Islamabad (with all dues paid) varies from PKR 22,00,000 to PKR 35,00,000, contingent on the general and category files. Opting for a 4-year installment plan for a 5-Marla plot sets the price at PKR 17,50,000. This stands as an exceptionally affordable and enticing offer to secure a plot in Islamabad’s most sought-after community.

Understanding the profit or ownership in the market rate follows the supply and demand principle. A lower profit rate means more employees might sell their files in the market. If files are scarce in the market, the profit or ownership will be higher. It all hinges on the availability of files.

5 Marla Plots Updated Payment Plan:

The 5 Marla 4th file schedule installation schedule is listed below.

5 Marla Total plot Price: 1,750,000

Amount Required Before the Date of Transfer by the Purchaser or Buyer:

  • 50% Cost Of Land: 875,000
  • Transfer Fee: 30,000
  • Taxes (Seller and Purchaser): 53,000
  • Service Charges/Commission Of Agent: 1% of the Plot Price: 17,500
  • Own/Profit:  Current market rate

Total Amount Required: 975,500 + Own/Profit

7 Marla plots on installment under the 4th schedule:

The price range for a 7-marla plot in Gulberg Greens Islamabad (with all dues paid) varies from PKR 35,00,000 to PKR 1,50,00,000, depending on the general and category files. Opting for a 4-year installment plan for a 5-marla plot sets the price at PKR 2,450,000. This represents an exceptionally affordable and appealing offer to acquire a plot in Islamabad’s most sought-after community.

Understanding the profit or ownership in the market rate follows the supply and demand principle. A lower profit rate means more employees might sell their files in the market. If files are scarce in the market, the profit or ownership will be higher. It all depends on the availability of the files.

7 Marla Plots Updated Payment Plan:

The 7 Marla (30 * 60) 4th file schedule installation schedule is listed below.

7 Marla’s Total plot price is: PKR 2,450,000

Amount Required Before the Date of Transfer by the Purchaser or Buyer:

  • 50% Cost Of Land: PKR 1,225,000
  • Transfer Fee: 40,000
  • Taxes (Seller and Purchaser): 74,500
  • Service Charges/Commission Of Agent: 1% of the Plot Price: 24,500
  • Own/Profit:  Current market rate

Total Amount Required: 1,364,000 + Own/Profit

10 Marla plots on installment under the 4th schedule:

The price range for a 10-marla plot in Gulberg Greens Islamabad (with all dues paid) varies from PKR 45,00,000 to PKR 2,50,00,000, depending on the general and category files. Opting for a 4-year installment plan for a 5-marla plot sets the price at PKR 30,00,000. This represents an exceptionally affordable and appealing offer to acquire a plot in Islamabad’s most sought-after community.

Understanding the profit or ownership in the market rate follows the supply and demand principle. A lower profit rate means more employees might sell their files in the market. If files are scarce in the market, the profit or ownership will be higher. It all depends on the availability of the files.

10 Marla Plots Updated Payment Plan:

The 10 Marla (35 * 70) 4th file schedule installation schedule is listed below.

10 Marla Total plot Price: PKR 3,000,000

Amount Required Before the Date of Transfer by the Purchaser or Buyer:

  • 50% Cost Of Land: 1,500,000
  • Transfer Fee: 48,000
  • Taxes (Seller and Purchaser): 92,000
  • Service Charges/Commission Of Agent: 1% of the Plot Price: 30,000
  • Own/Profit:  Current market rate

Total Amount Required: 1,670,000 + Own/Profit

10 Marla (3rd file) converted file:

Converted files of 10 Marla refer to plots transformed from Gulberg Dream Heights two-bedroom 700 and 900/sq ft apartments or flats. If any IB employee wishes to cancel their apartment, they can easily submit a cancellation application to the head office, and the apartment will be converted into a residential plot.

Additionally, as the apartments linked to these files were allocated to employees eight years ago, the latest news from Gulberg Islamabad anticipates a forthcoming ballot for converted files.

10 Marla (3rd file) converted file updated payment plan:

The 10 Marla (35 x 70) Converted File Schedule installation schedule is listed below.

10 Marla Total plot Price: 2,315,000

Amount Required Before the Date of Transfer by the Purchaser or Buyer:

  • Cost Of Land: 1,720,000
  • Transfer Fee: 48,000
  • Taxes (Seller and Purchaser): 165,000
  • Service Charges/Commission Of Agent: 1% of the Plot Price: 30,000
  • Own/Profit:  Current market rate

Total Amount Required: 1,963,000 + Own/Profit

The remaining development charges of PKR 596,500 will be paid in 12 quarterly installments.

1 kanal plot on installment under the 4th schedule:

The price range for a 1-kanal plot in Gulberg Greens Islamabad (with all dues paid) varies from PKR 70,00,000 to PKR 3,50,00,000, depending on the general and category files. Opting for a 4-year installment plan for a 5-marla plot sets the price at PKR 50,00,000. This represents an exceptionally affordable and appealing offer to acquire a plot in Islamabad’s most sought-after community.

Understanding the profit or ownership in the market rate follows the supply and demand principle. A lower profit rate means more employees might sell their files in the market. If files are scarce in the market, the profit or ownership will be higher. It all depends on the availability of the files.

1 Kanal Plots Updated Payment Plan:

The 1 kanal (50 * 90) 4th file schedule installation schedule is listed below.

1 Kanal Total plot Price: PKR 5,000,000

Amount Required Before the Date of Transfer by the Purchaser or Buyer:

  • 50% Cost Of Land: 2,500,000
  • Transfer Fee: 70,000
  • Taxes (Seller and Purchaser): 152,000
  • Service Charges/Commission Of Agent: 1% of the Plot Price: 50,000
  • Own/Profit:  Current market rate

Total Amount Required: 2,772,000 + Own/Profit

1 Kanal (3rd file) converted file:

1 kanal Converted files refer to plots transformed from Gulberg Dream Heights two-bedroom 1100 and 1500/sq ft apartments or flats. If any IB employee wishes to cancel their apartment, they can easily submit a cancellation application to the head office, and the apartment will be converted into a residential plot.

Additionally, as the apartments linked to these files were allocated to employees eight years ago, the latest news from Gulberg Islamabad anticipates a forthcoming ballot for converted files.

1 Kanal (3rd file) converted file updated payment plan:

The 1 Kanal (50 * 90) Converted File Schedule Installation Schedule is listed below.

1 Kanal Total plot Price: 3,500,000

Amount Required Before the Date of Transfer by the Purchaser or Buyer:

  • Cost Of Land: 2,750,000
  • Transfer Fee: 70,000
  • Taxes (Seller and Purchaser): 320,000
  • Service Charges/Commission Of Agent against this Plot is: 50,000
  • Own/Profit:  Current market rate

Total Amount Required: 3,190,000 + Own/Profit

The remaining development charges of PKR 750,000 will be paid in 12 quarterly installments.

Guidelines for Transferring Gulberg Green Islamabad Plots in Installments:

These files can be transferred at the land cost, amounting to 50% of the total plot value. The remaining 50% constitutes the development charges, payable over a three-year, 12-quarterly installment plan.

4th File, 1st Transfer:

Plots or files undergoing their initial transfer with a 50% payment are categorized as first transfers. The seller in the first transfer must be an IB employee, whether retired or currently active. In the 4th file, 1st transfer, the buyer is responsible for paying their advance tax as well as the seller’s advance and gain tax on behalf of the seller.

4th File, 2nd Transfer:

The 4th file 2nd transfer pertains to files previously transferred at a 50% discount, now open for resale. During a second transfer, both the seller and the buyer are responsible for their respective taxes.

Documents required for file transfer Gulberg Green Islamabad Plots in Installments:

It is very simple to transfer a plot in Gulberg, Islamabad.

  • A Photocopy Of Buyers CNIC/NICOP
  • Two passport-size photographs
  • Next Of Kins Details/Nominee Detail

For more details:

+92-333-3690000

+92-300-3690000

Email: info@almadinaestate.com

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