Islamabad offers a range of both residential as well as commercial real estate for sale as the city is still under development and expanding each year. One of the development projects that has high demand among investors is Gulberg, which was launched by the Intelligence Bureau Employees Cooperative Housing Scheme (IBECHS). It began in 2005 and is also called IBECHS, Phase III. Located between Zones 4 and 5, it is present on Islamabad Highway and is just 3 km from the airport. The project’s official website quotes it as a “new city within the capital”.
Offering a range of commercial properties for sale in Gulberg, shops can generally be found in 1 marla or smaller sizes. However, 2 marla stores can also be bought in some areas. The prime location to search for shops is Gulberg Greens, followed by Gulberg Business Square. Gulberg Greens has also launched its commercial hub with the name of Blue Area between blocks A and B while allotting commercial zones in each block as well. Gulberg Trade Centre is also ideally located within Block B, where shops are available for sale.
Gulberg generally offers small shops for sale, with 0.5 Marla stores having a price of PKR 32 lakh to 42.7 lakh. 1.1 Marla shops, on the other hand, have sale prices ranging from PKR 32.95 lakh to 1.15 Crore. As Gulberg is primarily a residential area, the profit potential is huge if you can target your customers in the right manner. As the community is still under development, more opportunities for investment will also become possible for those who are interested in starting a business here.
As a modern community, Gulberg offers an array of facilities and features. The entire project has wide and well-paved roads, and as it is a gated community with CCTV surveillance, it provides complete security to those who wish to open up a shop here. Gulberg also has its own security force to ensure the safety of property owners. The project further offers non-stop supply of power, water and gas with underground wiring, while also powering up its streets with solar lights, so that a power outage will not leave your store in the dark. The area is also being landscaped beautifully with tree-lined roads and parks.
Gulberg Arena is a mall in Gulberg Greens that offers world-class facilities to its patrons. The mall has several high-end branded stores, a multi-screen cinema as well as a food court to ensure that you don’t go home hungry after an extensive shopping spree. Another hub for shopping is the Gulberg Trade Centre, located within the Business Park. Shops in the area include major clothing brands like Outfitters, Levi’s, Khaadi, Nishat and others. Some of the fast food eateries in the area are McDonald’s, KFC, Pizza King, and Cinnabon, while Pakistani food can be enjoyed at Karachi Biryani House and Restaurant, Tandoori Nights and others.
With Islamabad being the capital city, the commercial market has a lot to offer for those who wish to start their next venture here. As Gulberg’s development is only 75% complete, there is still room for more investment opportunities within Gulberg Residencia as well, once its layout of shops and stores is finalised. A commercial Block D might also be launched in the area in the near future. With a range of amenities on offer, and more commercial sectors to be launched amid this residential hub, buying a shop in Gulberg is the right way to go, to bring success to your business.
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