Gulberg Islamabad, a project of Intelligence Bureau Employees Cooperative Housing Society (IBECHS), is an upscale residential development in the federal capital. Located on Islamabad Expressway and at a few minutes’ drive from the Benazir Bhutto International Airport, the project has attracted investors and residents alike.
The society is segmented into Gulberg Residencia and Gulberg Greens, the latter being a farmhouse development. The foundation stone of Gulberg Islamabad was laid in March 2013 and since then the society has witnessed various changes. So, in this post I intend to discuss the current status of development, possession and property rates in the locality.
Development
Infrastructure development in both Gulberg Residencia and Gulberg Greens is underway at a good pace. Mr Abid Hussain of Hassan Traders told Zameen.com that the authorities concerned were carrying out development work in Blocks A, B and P of Gulberg Residencia and Blocks D and E of Gulberg Greens.
Mr Hussain also said Blocks E, F, G, I, L, M, T and V of Gulberg Residencia and Blocks A and C of Gulberg Greens were already fully developed.
Possession
We learned that the IBECHS had handed over possession in Blocks E, I, F and G of Gulberg Residencia, while in its Blocks J and C, the possession was available in some portions only.
On the other hand in Gulberg Greens, the owners can enjoy ownership rights in Blocks A and C and build their farmhouses here, while in Block B, the possession has only been given partly.
Rates
Prices of plots in both Gulberg Residencia and Gulberg Greens vary from block to block. Mr Hussain told Zameen.com that the sale price of 10-marla plots ranged between Rs 3,500,000 and 5,000,000 in the blocks of Gulberg Residencia where possession was available. While in blocks with no possession, the sale price of 10-marla plots ranged between Rs 2,100,000 and 3,500,000.
Gulberg Greens is a farmhouse development, so the property prices here present a different picture. According to Mr Hussain, the sale price of 4-kanal plots in the areas with possession ranges between Rs 22,500,000 and Rs 24,000,000, while the sale price of same-sized plots in areas with no possession lingered between Rs 17,500,000 and Rs 20,000,000.
Gulberg Islamabad seems to be a good address for property investment in Islamabad and with all the information provided above, I hope you can now take an informed investment decision. If you would like to add or ask something, please feel free to use the comments section below.
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Thanks for providing an update on developments.
When is the expected balloting of IB Employee files?
We have been waiting for long now.
Amir sahib AoA I would also like to share the information you have sought above regarding ballotting announcement. Pl. let me also know when you get to know. My cell. number is 0345-5145053. Thanks. (Asgher Abbas Zaidi)
Very True Amir,
The employee files have not attracted the attention of IBECHS for a very long time now. Despite the fact that all dues have now been paid.
Would it be a good idea to gather all such employee file holders & probably talk to IBECHS or any other appropriate forum.
i think maybe allot number in December and will adject in t block
Asalam O Alekum,
Dear Zain,
Hope you doing good.
Kindly advise which block is best for investment as well as location wise in Gulberg Resedencia?
In general, is it better to invest in Gulberg Resedencia OR in societies near new islamabad airport such as Top City, PECHS etc?
Your usual prompt advise is highly solicited.
Afridi
Wa alaikumussalam,
Dear Mr Afridi,
If you are considering to invest in Gulberg Residencia,I think its better to go for a plot with possession to play a safe game. On the other hand, societies in the Zone II are also growing due to the development of the airport.
Since, its about investment, I must say you should check the status and history of the developers of the respective projects. So, make an informed decision by exploring the market. Otherwise, a peaceful investment would still be in DHA Islamabad (not DHA Valley).
These are my personal views, rest ALLAH knows better.
Regards,
zain Nadeem
I am a very old reader of zameen. My sons have 3 plots in DHA Bogenvellia, and was set a back to hear your views about DHA valley.. So kindly if you have some news of the valley please write an article on it also. Mine last fone to dha valley was that they said the possession giving will start from 2016.. can u confirm it. best regards,
Shgahid javaid
DHA Valley’s situation is currently unclear. The development of Daducha Dam has actually become a bone of contention in this society.
DHA is behind this project. So rest assured, the project will be completed sooner rather than later InshaALLAH.
We are also keeping an eye on the project and will update you as soon as any information, in this regard, becomes available to us.
Regards,
zain Nadeem
Thanks Zain for your swift response as expexted.
Location wise Gulberg is more appealing or societies near new airport?
Also, kindly adivse about Top City, i heard it is having road access issue?Is it worth investing at the moment?
I want to invest in 2 different societies, please advise which are 2 best as per your knowledge.
Thanks
Afridi
Assalam o alaikum,
Dear Mr Afridi,
Let me do some research on your query and I shall get back to you accordingly.
I am sorry for delay, as we were busy at developing our Zameen.com Magazine.
Regards,
zain Nadeem
Dear Afridi,
TopCity-1 is a good project for investment. It will also get direct access from New Islamabad International Airport.
For further information on TopCity-1, please read the following blog post:
http://www.zameen.com/blog/topcity-1-management-imposes-additional-development-charges-for-what.html
If you still have further queries in mind, please free to contact me
Regards,
zain Nadeem
Amir bhai: AoA please do share the information when balloting is announced as I have also purchased a 7 marla plot in IB residencia scheme a year ago. thanks. my email address is : zaidi_63@yahoo.com
cell. No.03455145053
Dear Zain, waiting for ur feedback
Afridi Bhai,
I have posted an answer to your comment above. You can also email me for further queries:
zain ‘dot’ nadeem ‘at’ zameen ‘dot’ com
Regards,
zain Nadeem
AoA Bro, What about possession of plots in Block T and P? heard that T block is developed and development of P block is still under construction. Please let me know about possesions in T and P block.
Thanks
For your kind info Mr.zain gulbergrecedencia have not give possesion of any block till now.you can confirm this by calling star marketting or ibechs
Dear Sir
I have plot in Gulberg Green 4 Kanal in B Block, I would like to know when the development and when possesion is expected for B Block, and when E Block work will finish.
Thanks & Regards
Muhammad.
Please if you can share development status of V block. There are plots sold by Star Marketing (allotted plots). So, this balloting mentioned in above post means that plots are also sold by IBECHS ??.
What are the prices of 8 marla and 10 marla in V and P block for purchasing.
I wonder if u could ever comment on NAVAL ANCHORAGE, or u praise societies only when paid ?
Dear Mr Khaled,
We are not paid for covering any of the societies on our blog. Zameen.com Blog is only an educational platform that updates people about the ins and outs of property market.
What would you like to know about Naval Anchorage?
Regards,
zain Nadeem
There is a development called Citadel coming up in the Shah Allah Ditta area. Can you comemnt on it please ??
AOA
thanks for update. You have suggested Mr. Afridi about Investment in DHA but especially not in DHA Valley. Kindly give me details about DHA Valley.
Ch. M. Naeem Arshad
Wa alaikumussalam,
Dear Mr Naeem,
I will not suggest anyone to invest in DHA Valley, until its status becomes clear. Its better to go for DHA Islamabad in the current scenario.
Rest ALLAH knows better.
Regards,
zain Nadeem
Zain Bhai,
AOA. What is the general sentiment currently in the market, is this the good time to jump in to invest or still watch and see situation is pervailing. Many thanks for your feedbak
Wa alaikumussalam,
Dear Mr Mazhar,
I think this is the right time to invest in the market, as prices are somewhat stable at the moment, but are expected to pick up in future, InshaALLAH. But please consider a safe investment. You can go for DHA’s K, L, M, N, and P Blocks of DHA, where according to my source of information, the prices of 1-kanal plots hover between Rs 70 lacs to Rs 80 lacs, giving a hint that the prices have a room to grow in future.
If not DHA, you can consider other localities according to your budget. But please play a safe game and invest in only well-known societies having good repute.
Rest ALLAH knows better.
Regards,
zain Nadeem
Dear Mr.Zain,
What s current development status of block “K” .
yours respone is really appritiated.
Best regards
Tauqeer Abbas
what is the general sentiment in the market, watch and see or good time to invest.
Dear Zain,
You are suggesting investment in DHA. How would you compare DHA with Bahria phase 8.
I guess prices in bahria phase-8 are much lesser than DHA & development progress is also a bit higher than DHA.
Still, you can guide better by comparing both of these projects from other perspective.
Regards,
Khizar Hayat
Good day Zain,
We have been told by property dealers and IBECHS office for the last two and half years, that balloting of IB-employee files will be done soon, but we still don’t know when the balloting will take place. Many of these files have been sold in secondary market. It is very disappointing situation.
AoA: Dear Salman sahib. I suggest we (IBECHS file holders) go en bloc to the Society’s Office and pressurize them to protect the interests of those individuals who have purchased files from IB employees and have cleared all dues. Moreover, we should approach Registrar, Societies, Islamabad as well as CDA (Director, Societies) in case the society management is still un-moved to conduct ballotting for these file-holders.
Coordination and concerted efforts are needed to tackle this long pending issue.
Dear Zain sb,
Need you advice.
Have 20 lakhs + – in hand. Want to buy plot for construction of house (1-2 years). I am confused between Gulberg Residencia & Bahria phase-8 (also extension).
Valuable comments are needed.
Dear Mr.Zain,
What s current development status of block “K” in Gulberg Residencia .
yours respone is really appritiated.
Best regards
Tauqeer Abbas
best investment DHA , second Behriya 8 and then Gulberg
I need to check status of Gulberg residencia S-block. When it will be ready to construct? also how do you see future of gulberg in 3 years? will it be fully livable by then with many houses constructed?
Dear brother: Please update about the status of plots possession in Gulberg Residencia, Block – A. 2 years ago when I was booking my plot there, they told me that possession of plots in this block will be awarded in Jan. 2016. What is the status of development of work and is it possible possession will be given by that time?
Also please tell about availability of commercial plots in Gulberg Residencia Block – A.
Please advise.
Best regards,
due to inflation and low GDP the rate of properties in Islamabad including Gulberg, bahria etc will further go down …. its all oral spreading so we advise don’t believe it blindfold as there is likelihood that u may get stock after investment like a bad debt … money is earned with many hardships …zameen.com is excellently contributing in real estate business but it need more improvements .. saimul haq real estate corporate law firm
Dear Mr.Zain,
What s current development status of block “K” in Gulberg Residencia and price status .
yours respone is really appritiated.
Best regards
musharraf hussain
Dear
I appreciate your comments and deep knowledge on subject. My query is same what most of people are asking regarding status of K block of Gulberg residencia. Your comments would be highly appreciated.
how much is the charges of getting possesion in C block
Hi,
Can any one update me please about possession in block A (IBECHS)
And what are the rates trending of 7 Marla residential plot. And when it will be possible to start constructing house there. Plz update me
Dear Zain bhai,
Can you please advise me which investment could be good in terms of return and less risk. i am confuse among PECHS, PAF Fazaia and gulberg residentia. My budget is 65 lacs. i will appreciate your advise,
Dear Zain,
Can you please advise me in regards to PECHS, gulberg residentia and PAF FAZAIA Islamabd. Are these both societies safe to invest and good returns with less risk. i have budget 65 lacs.
Wanna sale my file IBECHS 30×50. Serious buyers only.
Wanna sale file IBECHS 30×50. urgent
i am interested. please share details.
i am interested. please share detail.
I want to know the price of phase 4 plots. Means the price of phase4 membership number. I owned 1 plot over membership number 4 months ago on 5 lacks. Now what is the price for sale?