Gulberg Residencia is a top scheme in Islamabad

Gulberg Residenia

Gulberg Residencia is the flagship community of Gulberg Islamabad. Consisting of exclusive custom built properties, on plot sizes ranging between 5 Marlas, 7 Marlas, 1 Kanal, and Farm houses of 1, 4 and 10 Kanals.

Gulberg Residencia is one of the few projects in Islamabad where plot sales continued to take place throughout the dull period seen in the past. It is believed that property prices here are far from their optimum value and that’s because the housing scheme is also far from being fully developed.

Here is an update on the society in terms of development work and market demand.

Development status

Demand here has been high for certain blocks and mostly lukewarm for the remaining ones. This is because the project is being developed in parts due to the developer’s main focus on handing over Gulberg Greens, which is about 85% developed.

According to our sources, as soon as development of the farmhouse project completes, the developer’s focus will shift to completing the pending work in Gulberg Residencia. That could take the next 6 months.

Currently, development work is being carried out in Blocks A, P, and Q.  Our sources believe these blocks can be potentially rewarding for investment.

Market trends

Demand for plots is higher for Blocks E, F, H, I, J, K, L, R, P, and Z. Some of these blocks are located close to the recently auctioned Block D Markaz.  Other blocks enjoy advanced development status. And some are appealing to buyers for having none to limited land pockets.

Among the plots sold lately, the plot sales are higher for 7-marla and 10-marla residential plots. This simply suggests that the active buyers are genuine buyers looking to construct their houses in the near future or the medium term investors willing to be free of any risky investment. Buyers often pick the blocks and plots where development work is expected to be completed in the near future.

What kept the demand high?

The launch of Block D Markaz was the main factor that triggered the demand. It was sold out soon after its launch some three months ago.  This was despite the fact that the overall market conditions were dull. 

 Development work on around four commercial units have already started off. So the situation on ground also looks promising.

Living in Gulberg Residencia will become a practical idea for many when Block D Markaz becomes opertional. The immediate impact of its launch was seen on the blocks located around it, where the demand has been the highest for plots ready for possession.

Prices

BlocksPlot SizePrice range in PKR
A7 Marla3,800,000 – 4,200,000
10 Marla6,200,000 – 7,200,000
1 Kanal9,000,000 – 11,000,000
2 Kanal12,500,000 – 15,000,000
B7 Marla3,300,000 – 3,500,000
10 Marla4,300,000 – 4,700,000
1 Kanal6,500,000 – 8,500,000
C7 Marla3,500,000
1 Kanal9,500,000 – 11,000,000
E1 Kanal9,000,000 – 15,000,000
F7 Marla3,400,000 – 5,200,000
10 Marla6,500,000 – 7,500,000
G7 Marla2,800,000 – 3,400,000
10 Marla3,500,000 – 4,500,000
H7 Marla3,000,000 – 3,500,000
10 Marla5,500,000 – 7,000,000
I7 Marla5,200,000 – 5,800,000
10 Marla6,800,000 – 8,000,000
J1 Kanal9,500,000 – 11,500,000
K7 Marla2,700,000 – 3,000,000
10 Marla3,800,000 – 5,200,000
12 Marla4,500,000 – 5,000,000
L7 Marla3,500,000 – 4,000,000
10 Marla4,500,000 – 5,000,000
M7 Marla3,000,000 – 3,200,000
N7 Marla2,500,000 – 3,000,000
10 Marla3,400,000 – 4,500,000
1 Kanal6,500,000 – 8,500,000
O7 Marla2,500,000 – 3,000,000
10 Marla4,000,000 – 5,000,000
12 Marla4,500,000 – 5,500,000
P7 Marla2,300,000 – 3,000,000
10 Marla3,500,000 – 4,200,000
1 Kanal5,000,000 – 7,000,000
R7 Marla2,400,000 – 3,000,000
10 Marla3,500,000 – 5,000,000
S1 Kanal5,500,000 – 7,500,000
T7 Marla2,500,000 – 2,800,000
10 Marla3,200,000 – 3,600,000
1 Kanal5,000,000 – 6,500,000
V7 Marla2,400,000 – 3,500,000
10 Marla 3,800,000 – 5,000,000
12 Marla4,500,000 – 6,000,000

About Author

Jawad Jamil

Writes on sports, real estate, and politics. Currently working with Berq Properties.