Gulberg Residencia Block K

Gulberg Residencia Block K is part of the popular Gulberg Residencia project, developed by the Intelligence Bureau Employees Cooperative Housing Society (IBECHS). Known for its prime location, modern design, and green environment, Block K has potential for growth but is currently facing some development challenges.

Gulberg Residencia Block K Location

Block K is located in a central area of Gulberg Residencia, making it easy for residents to travel to Islamabad and Rawalpindi via the Islamabad Expressway. This block is surrounded by:

Block L: Fully developed with possession-ready plots.
Block C (7 Marla Area): Progressing quickly in development.
Block V: Similar to Block K, still largely non-developed.

The block’s location along the 120 ft. wide Circular Avenue ensures smooth traffic flow and easy connectivity to other blocks and nearby facilities. This makes Block K a convenient choice for future residents.

Gulberg Residencia Block K Map

The master plan for Block K focuses on providing a modern and comfortable living environment. Key features include:

Wide Roads: For smooth traffic and better accessibility.
Underground Utilities: To keep the area neat and organized.
Parks and Green Spaces: For a healthy and relaxing lifestyle.
Essential Facilities: Close to schools, hospitals, and shopping centers.

These features will ensure a high standard of living once the block is fully developed.

Plot Sizes in Block K

Block K offers a range of plot sizes to suit different needs, including:

7 Marla (30×60)
10 Marla (35×70)
12 Marla (40×80)

The Block K Map shows a well-planned layout with parks, green spaces, and wide roads. These plots provide enough space for building modern homes and cater to both small and large families.

Gulberg Residencia Block K Prices

The property rates in Block K are relatively affordable compared to other blocks in Gulberg Residencia. The approximate prices are:

7 Marla: PKR 30,00,000 – 65,00,000
10 Marla: PKR 45,00,000 – 75,00,000
12 Marla: PKR 80,00,000 – 125,00,000

These prices reflect the current development delays and litigation issues. However, once development progresses, the rates are expected to rise, making it a good option for long-term investment.

Gulberg Residencia Block K Development Status

Development work in Block K started at the end of 2023 but has been paused due to legal disputes and other issues. The current status is:

Non-Developed Land: A large part of the block is still non-developed and under litigation.
Surrounding Blocks:
- Block L is already developed with possession.
- Block C (7 Marla Area) is progressing quickly.
- Block V is facing similar challenges as Block K.

The developer has finalized a deal with landowners, and once legal issues are resolved, development work will likely resume. However, the current pause in progress limits its short-term appeal.

Challenges Facing Block K

Although Block K has a lot of potential, it faces some challenges, including:

Paused Development: Work has stopped due to legal issues, delaying progress.
Litigation: A significant part of the land is still under legal disputes.
Surrounding Blocks: Neighboring blocks like Block L and Block C (7 Marla Area) are developing faster, making Block K less attractive for now.

These challenges might discourage some buyers, but the low prices and future potential still attract investors.

Future Outlook

The future of Block K depends on resolving its current issues. Some key points include:

Development Resumption: Once litigation is cleared, development work will restart.
Improved Connectivity: Progress in nearby blocks like Block L and Block C will also benefit Block K.
Investment Opportunity: The current low prices make it a good option for investors, with the potential for price appreciation once development picks up.

While challenges exist, the block has a promising future for both residents and investors.