gulberg residencia

Gulberg Residencia Development Status and Rates

Many believe that property rates here are far from their optimum value and that’s because Gulberg Residencia is also far from being fully developed. Here is an update on what’s up in the society in terms of development work and market demand.

Development status

If you have been following our updates on Gulberg Residencia and keenly monitoring property rates, you must have noticed that 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.

the developer’s focus will shift to completing the pending work in Gulberg Residencia. That could take the next 6 months.

At the moment, development work is being carried out in Blocks A, P, and Q. These are also the blocks our sources believe can be potentially rewarding for investment.

Market trends

As revealed by agents operating in Gulberg Residencia, demand for plots is noticed 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, others enjoy advanced development status, and some are appealing to buyers for having none to limited land pockets.

Among the plots sold lately, the transaction volume is 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 play only safe. We are inclined to think this because property-flipping practice is absent here. In addition, the 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 main factor that triggered the demand was the launch of Block D Markaz, which despite the overall dull market conditions was sold out soon after its launch some three months ago. The situation on ground also looks promising as development work on around four commercial units have already started off.

With Block D Markaz becoming operational, living in Gulberg Residencia will become a practical idea for many. 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.

Litigated blocks

You should read our last blog to have a look at the status of litigated land in Gulberg Residencia. The only thing that changed in these months is that the developer has completed the land acquisition process for Block K.

A look at market rates

In this regard, you can visit our property listing page and have a look at the asking price for plots for sale in Gulberg Residencia. The prevailing market rates in terms of price range is as follows;

BlocksPlot SizePrice range
A7 MarlaPKR 3,800,000 – PKR 4,200,000
10 MarlaPKR 6,200,000 – PKR 7,200,000
1 KanalPKR 9,000,000 – PKR 11,000,000
2 KanalPKR 12,500,000 – PKR 15,000,000
B7 MarlaPKR 3,300,000 – PKR 3,500,000
10 MarlaPKR 4,300,000 – PKR 4,700,000
1 KanalPKR 6,500,000 – PKR 8,500,000
C7 MarlaPKR 3,500,000 – PKR ,200,000
1 KanalPKR 9,500,000 – PKR 11,000,000
E1 KanalPKR 9,000,000 – PKR 15,000,000
F7 MarlaPKR 3,400,000 – PKR 5,200,000
10 MarlaPKR 6,500,000 – PKR 7,500,000
G7 MarlaPKR 2,800,000 – PKR 3,400,000
10 MarlaPKR 3,500,000 – PKR 4,500,000
H7 MarlaPKR 3,000,000 – PKR 3,500,000
10 MarlaPKR 5,500,000 – PKR 7,000,000
I7 MarlaPKR 5,200,000 – PKR 5,800,000
10 MarlaPKR 6,800,000 – PKR 8,000,000
J1 KanalPKR 9,500,000 – PKR 11,500,000
K7 MarlaPKR 2,700,000 – PKR 3,000,000
10 MarlaPKR 3,800,000 – PKR 5,200,000
12 MarlaPKR 4,500,000 – PKR 5,000,000
L7 MarlaPKR 3,500,000 – PKR 4,000,000
10 MarlaPKR 4,500,000 – PKR 5,000,000
M7 MarlaPKR 3,000,000 – PKR 3,200,000
N7 MarlaPKR 2,500,000 – PKR 3,000,000
10 MarlaPKR 3,400,000 – PKR 4,500,000
1 KanalPKR 6,500,000 – PKR 8,500,000
O7 MarlaPKR 2,500,000 – PKR 3,000,000
10 MarlaPKR 4,000,000 – PKR 5,000,000
12 MarlaPKR 4,500,000 – PKR 5,500,000
P7 MarlaPKR 2,300,000 – PKR 3,000,000
10 MarlaPKR 3,500,000 – PKR 4,200,000
1 KanalPKR 5,000,000 – PKR 7,000,000
R7 MarlaPKR 2,400,000 – PKR 3,000,000
10 MarlaPKR 3,500,000 – PKR 5,000,000
S1 KanalPKR 5,500,000 – PKR 7,500,000
T7 MarlaPKR 2,500,000 – PKR 2,800,000
10 MarlaPKR 3,200,000 – PKR 3,600,000
1 KanalPKR 5,000,000 – PKR 6,500,000
V7 MarlaPKR 2,400,000 – PKR 3,500,000
10 MarlaPKR 3,800,000 – PKR 5,000,000
12 MarlaPKR 4,500,000 – PKR 6,000,000

 

Al Madina Estate & Builders
Mohammad Imran Rasheed
Call / Sms / Whatsapp
092 333 3690000
092 300 3690000
Email : info@almadinaestate.com

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Commercial projects

Commercial projects in Gulberg Greens you should know about!

Islamabad has been introduced with a host of new and exciting projects. Of these, the new Gulberg Greens is a project that has quickly emerged to prominence and garnered a lot of attention from buyers and investors.

Why Gulberg Greens?
Much like Islamabad’s various sectors, this is a newly-built area with both commercial and residential property. Varied architectural designs and international-scope amenities are presented, ensuring a world-class lifestyle and a chance to live in the most luxurious neighbourhood of the capital.

Most of these projects have been designed to cater to the needs of high-end buyers and investors. With such rapid development, there seems to be something for everyone and all evidence shows that investing here can yield high returns in some years. The exact time for this can’t be determined as the markets are relatively stable and not recording any significant activity as of now. But in time, when the market is engaged with a large number of investors, this is where the activity will be most rapid.

What’s new?

The most prominent of these projects is Karakoram Greens and Gulberg Arena, whereas Samama Gulberg and Samama Star Mall & Residency offer some valuable options for a wide range of budgets. Some of these also offer an eclectic mix of commercial and residential property. Roshan Heights, Gulberg Emporium Mall & Residency and Diamond Mall & Residency are the hottest mixed-use projects one should be headed towards.

The architectural designs of each are unique, new, and the primary variable determining high revenues. You should know that because this is an entirely new area in Islamabad, the developers have done their best at ensuring the architectural designs and construction of their projects is out-class.

Gulberg Emporium Mall & Residency has a total of six floors, three of which have commercial shops for sale. Shops are available in two sizes, i.e., 12×36 on the ground floor and 12×30 on the lower ground floor.

Roshan Heights also has a mix of commercial and residential property on offer. Two floors and a mezzanine floor are reserved for commercial shops, whereas all other floors have apartments. Top class amenities and furnishings are used to ensure an out of this world experience for all those who wish to be a part of this place.

Diamond Mall & Residency offers exclusively-designed architectural designs and a wide scope of amenities that are sure to attract the largest number of investors.

Market projections

Prices per square foot during 2017 for the ground floor stood at PKR 26,000 but have now reached PKR 45,000. The developers now believe that the prices will further increase by the end of this year and that more of these hikes can be expected by the end of this year, when the economic situation picks up heat.

When market activity remained low, Gulberg Greens was the location in Islamabad that promised high returns. Roshan Heights garnered a lot of attention from buyers and investors and therefore the prices of property here have increased and continue to do so.

Prices of all these projects are expected to increase soon. With prices a little lower, most of the residential properties have been sold out and the commercial properties are recording great interest, primarily because of the services being provided by Gulberg Greens

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10th Avenue

Planning for construction of 10th Avenue in final phase

Islamabad: Planning for 10th Avenue construction has entered its final phase, a news source reported while quoting Islamabad Mayor and Capital Development Authority (CDA) Chairman Sheikh Anser Aziz.

The mayor told reporters that 10th Avenue will start from IJP Road and end at Khayaban-e-Iqbal while passing through sectors I-10, H-10, G-10 and F-10. Reportedly, the residents of sectors E-11, D-12, E-12, F-11, H-11, and I-11 will also benefit from this avenue.

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koral chowk interchange

CDA instructed to open Koral Interchange before March 01

Islamabad: The Prime Minister (PM)’s Office has instructed the Capital Development Authority (CDA) to open the Koral Chowk Interchange before March 1, according to a news source. The 16-kilometre route along this interchange connects the Expressway with the new airport. The PM office wants the route to be functional before the Economic Cooperation Organisation Conference is held in Islamabad.

After the orders, the CDA has reportedly been working day in and day out to open the Chowk on February 28. The authority has also started landscape work along the route. Concerned teams have been given specific targets to work on for different parts of the project.

 

Koral Interchange road carpeting begins

Islamabad: After completing all five loops of the Koral Interchange, the Capital Development Authority (CDA) has started carpeting the main interchange, reports a news source.

According to details, the Prime Minister’s Office instructed the CDA to open the Koral Interchange before March 1, a few days ago.

While inspecting the pace of the development work, Islamabad Mayor Sheikh Ansar Aziz said that the interchange will be open for traffic really soon. He also instructed the CDA to maintain high quality construction standards for the overhead bridge.

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