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

Blocks Plot Size Price range in PKR
A 7 Marla 46 to 52+ Lacs
10 Marla 55 to 80+ Lacs
1 Kanal 98 to 140 Lacs
2 Kanal 125 to 200 Lacs
B 7 Marla 40 to 50 Lacs
10 Marla 60 to 66 Lacs
1 Kanal 90+ to 150 Lacs
C 7 Marla 43 to 65 Lacs
10 Marla 70 to 85 Lacs
1 Kanal 130 to 150 Lacs
E 1 Kanal 135 to 195 Lacs
F 7 Marla 50 to 75 Lacs
10 Marla 70 to 90 Lacs
G 7 Marla 35 to 45 Lacs
10 Marla 55 to 65 Lacs
H 7 Marla 38 to 52 Lacs
10 Marla 70 to 80 Lacs
I 7 Marla 65 to 75 Lacs
10 Marla 75 to 120 Lacs
J 1 Kanal/Developed 140 to 150 Lacs
1 Kanal/Non-Developed 100 to 110 Lacs
K 7 Marla 36 to 40 Lacs
10 Marla 50 to 62 Lacs
12 Marla 65 to 70 Lacs
L 7 Marla 42 to 55 Lacs
10 Marla 60 to 65 Lacs
12 Marla 65 to 72 Lacss
M 7 Marla 35 to 45 Lacs
N 7 Marla 38 to 45 Lacs
10 Marla 50 to 60 Lacs
1 Kanal 70 to 100 Lacs
O 7 Marla 33 to 35 Lacs
10 Marla 45 to 70 Lacs
12 Marla 40 to 48 Lacs
P 7 Marla 28 to 44 Lacs
10 Marla 36 to 65 Lacs
12 Marla 37 to 42 Lacs
1 Kanal 50 to 65 Lacs
Q 10 Marla 45 to 55 Lacs
1 Kanal 70 to 100 Lacs
R 7 Marla 32 to 40 Lacs
10 Marla 60 to 75 Lacs
S 1 Kanal 60 to 80 Lacs
T 7 Marla 38 to 45 Lacs
10 Marla 53 to 60 Lacs
1 Kanal 60 to 100 Lacs
V 7 Marla 32 to 45 Lacs
10 Marla 45 to 60 Lacs
12 Marla 55 to 75 Lacs

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