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Exploring the ins and outs of Islamabad’s Gulberg Residencia

Property
3 min read | Samra Zulfiqar  | March 17, 2017

The under-construction Islamabad Expressway is destined to bring good luck to nearby societies in due time. Gulberg Residencia is among these societies. However, real estate investment volume has gradually dropped in the course of the last couple of weeks.

In order to help you understand the factors that have led to a fall in investment volume in the society – despite its prime location – I have prepared this exclusive analysis. Read on!

Litigation woes 

More than 50% of the project’s land is stuck in litigation. While the developer is busy fixing the issue, the fact remains that they don’t have complete possession of land in many blocks. Blocks I, J and E are the only blocks where the developer has acquired and developed 100% of the land – and possession has made been available. Naturally property rates in these blocks are also higher. In addition, many plot owners are also constructing their houses in the mentioned blocks.

In Blocks L and V, the developer has acquired and developed about 50% and 75% of the area, respectively. Over 20% of Blocks A and G has been cleared and developed. Major litigation issues prevail in Blocks H, K, M, O, and P, while 50% of the land is available for Block N. In Blocks B, F, Q, R, S and T, the developer has acquired 100% of the land but carried out no development so far.

Slow pace of development

Due to litigation issues, the pace of development work in the project is slow. The increased real estate activity witnessed during the last two months was due to the construction of the Gulberg Interchange, and the bridge that connects Gulberg Greens with Gulberg Residencia. An interesting thing to note here is that in terms of the pace of development work, the opposite is seen in Gulberg Greens – an exclusive farmhouse project targeting end users from the upper class.

Block wise rates

Here is block-wise price range of residential plots in Gulberg Residencia: (you can click here to browse the complete list of Gulberg Residencia plots available for sale on Zameen.com)

Blocks Plot Size Price range
A 7 Marla PKR 3,200,000 – PKR 3,500,000
10 Marla PKR 4,700,000 – PKR 5,200,000
1 Kanal PKR 7,500,000 – PKR 9,000,000
2 Kanal PKR 13,000,000 – PKR 14,000,000
B 7 Marla PKR 3,200,000 – PKR 3,500,000
10 Marla PKR 4,700,000 – PKR 5,200,000
1 Kanal PKR 7,500,000 – PKR 9,000,000
C 7 Marla PKR 3,400,000 – PKR 3,700,000
1 Kanal PKR 8,000,000 – PKR 100,000,000
E 1 Kanal PKR 8,800,000 – PKR 3,700,000
F 7 Marla PKR 3,300,000 – PKR 3,800,000
10 Marla PKR 4,800,000 – PKR 5,500,000
G 7 Marla PKR 3,100,000 – PKR 3,300,000
10 Marla PKR 3,900,000 – PKR 4,500,000
H 7 Marla PKR 2,400,000 – PKR 3,000,000
10 Marla PKR 3,500,000 – PKR 4,000,000
I 7 Marla PKR 3,700,000 – PKR 4,000,000
10 Marla PKR 5,000,000 – PKR 6,000,000
J 1 Kanal PKR 8,000,000 – PKR 9,000,000
K 7 Marla PKR 2,300,000 – PKR 2,700,000
10 Marla PKR 5,000,000 – PKR 6,000,000
12 Marla PKR 4,400,000 – PKR 4,400,000
L 7 Marla PKR 3,000,000 – PKR 3,400,000
10 Marla PKR 4,000,000 – PKR 4,500,000
12 Marla PKR 4,500,000 – PKR 5,000,000
M 7 Marla PKR 2,300,000 – PKR 2,600,000
N 7 Marla PKR 2,500,000 – PKR 2,700,000
10 Marla PKR 3,500,000 – PKR 4,000,000
O 7 Marla PKR 2,300,000 – PKR 2,500,000
10 Marla PKR 3,000,000 – PKR 3,700,000
12 Marla PKR 3,800,000 – PKR 4,000,000
P 7 Marla PKR 2,100,000 – PKR 2,500,000
10 Marla PKR 2,900,000 – PKR 3,200,000
12 Marla PKR 4,100,000 – PKR 4,600,000
R 7 Marla PKR 2,300,000 – PKR 2,500,000
10 Marla PKR 3,500,000 – PKR 3,600,000
S 1 Kanal PKR 5,000,000 – PKR 5,500,000
T 10 Marla PKR 3,000,000 – PKR 3,500,000
1 Kanal PKR 4,800,000 – PKR 6,000,000
V 7 Marla PKR 2,300,000 – PKR 2,800,000
10 Marla PKR 3,500,000 – PKR 3,800,000
12 Marla PKR 4,200,000 – PKR 4,500,000

What’s coming up next?

I have learnt that the developer is looking to offer possession for plots in Blocks B, F and R in the coming three months. So property rates in these blocks can go up. Furthermore, the auction of commercial plots in Block D Markaz, which is the commercial sector of Gulberg Residencia, is also planned in June this year.

Where to invest?

If you have enough capital, you can wait for the auction of commercial plots in D Markaz. If playing big is not your cup of tea, you can opt for residential plots in Blocks B, F, R and P (but go for developed areas). My sources claim that 1-kanal residential plots in Block P could fetch better gains in the short to medium term.

Have feedback on this article or Gulberg Residencia? Leave you comment below.

Note: Some of the information quoted in this article is sourced from Pak Associates’ Muhammad Shoaib. For further consultation, he can be reached at +92-331-502-7292.

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Samra Zulfiqar
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.

  1. Very Good analysis Samra BB! Lust & Greed prevailed. I will say ” Stay Away from Gulberg

  3. Slam
    Plz give details of Block B files, any upcoming information like MAP, Land acquired, Development etc.
    block F possession long back offered, but you mention not yet started, confirm it.

    JAZAK ALLAH

  5. How long it can take to resolve this litigation issue?. May be 10 years or more.
    Very disappointing.

  6. What is the developed part of P that you are recommending for investment? Are 7 marla plots numbers between 0 to 1000 in P block good for investment?

  7. Do we have litigation issues in Gulberg Greens as well. I am overseas and appreciate if you could provide some credible point of contact for this information.

    1. I am willing to make investment in Gulberg at the right price. Email or contact me if someone is interested in selling plots there.

      Thank you

  8. Hei Samra,

    Whats the best time (possibly in a month or two), if i wish to liquidate 10 marla plot in V block, Street 59 or some alternate advice, please 🙂

    Rizwan
    0345-855-333-2

  9. Dear Samra.. i have a 7 marla plot in i block and i am thinking to start construction kindly advice may i sell this plot and invest some other society or hold this plot and start construction.. your kind advice is highly appreciated..
    Thank you.

  10. This could be the proper blog for all who desires to be familiar with this topic.
    You already know much its practically not easy to argue along.

    Excellent stuff, simply great!

  11. This could be the proper blog for all who desires to be familiar with this topic.
    You already know much its practically not easy to argue along.

    Excellent stuff, simply great!

  12. Hi, Samra,

    Very good information I got in your blog. To us while living abroad no one is showing a clear image of Gulberg Residencia if we call IBECHS or Star Marketing offices. Our doubt is now confirmed that the slow or even I would not be wrong to say the “nil development pace” is due to litigation issues. By the way we didn’t notice any development in Block- N in the last 4 years. They are so corrupt to loot the money of innocent people by showing them green gardens and not abide by the terms of their initial advertisements without realizing the fact that this could limit their opportunities and trustworthiness for the new developmental projects.

    Hope to listen more from you about their treacherous activities and waiting for all the buyers to raise this issue more effectively.

    Thanks a lot.

  13. Great insights, Samra.

    May I request any updates about the new map?

    Also, for possession: Upto what series might the plots be provided for possession in B block?

    Regards,
    Asif

  18. hi

    any information on P block 7 marla plots? what about possession of 2300 series plots in p block? has land been acquired for 2300 series plots or still not?

  19. I have just come back from Pakistan and visited Gulberg Islamabad and to be honest with you it has nothing to do with corruption, the litigation issues are there but only partly and thats because most of the land was aquired when the project started but then the developers wanted to extend the scale of the project further and started aquiring land from the nearby located villages which has also been 70% bought and it is the remaining few that have bound them in litigation which has partially been resolved. Instead of everyone getting on their high horse and shouting corruption or saying they are lazy, people should decide whether you want to ride it out as a long term investment if not then sell up, remember even Bharia town took 7-10 yrs to develop before it became a brand, but guys IB is one of the highest government bodies in the country don’t call their project lazy, they have made sacrifices that we cannot imagine.

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