Did you hear about the launch of Gulberg Pacific Villas? Before my research, I hadn’t either! This is probably because the project was not advertised widely.
Well, it looks like the developer, Gemini Developers, didn’t really need to reach out to a greater audience because the job seems to have gotten done with limited promulgation. Bookings for the villas in question are now closed! Yes, already. Considering the fact that the project only dates back to the near past, the speedy manner with which the shutter was brought down on bookings hints at the colossal response received.
You are probably familiar with Gulberg Residencia of Gulberg Islamabad. Surprisingly, the villas in question are located in the Block I of this very society! Want a villa? You can still buy one if any of the owners are willing to sell.
The project is in its development phase, with construction is moving along at a good pace. It seems like the villas will be competed sooner rather than later.
According to the developers, the model villa will be completed in December this year and possession of the remaining villas will be handed over in June 2016.
The project features three types of villas with different covered areas. The payment plan for each category is given below:
Type | A | B | C |
Covered area | 2,900 sq ft | 2,850 sq ft | 3,150 sq ft |
Down payment | PKR 2,000,000 | PKR 2,000,000 | PKR 2,000,000 |
Instalments after every 2 months | 600,000×12 = PKR 7,200,000 | 600,000×12 = PKR 7,200,000 | 641,666×12 = PKR 7,700,000 |
Payment to be made on possession | PKR 1,800,000 | PKR 1800,000 | PKR 1,800,000 |
Total price | PKR 11,000,000 | PKR 11,000,000 | PKR 11,500,000 |
View the images below to get a fair, visual idea of the pace of development.
A Gemini Developers official has claimed that more projects are on the cards. Therefore, to garner sustained success, the developer needs to prove its mettle now, as the property sector is brimming with competition and it’s not that easy to outdo other key players in the market.
Update on Gulberg Residencia
With the development of Gulberg Pacific Villas underway, it seems that Gulberg Residencia is reaping the benefits. According to Mr Asif of Shaheen Enterprises, property prices in Block I have increased notably in the last few months, which he attributes to the villas.
According to Mr Asif, Gulberg Residencia’s developer has handed over possession in Blocks E, F, I and partly in Block J.
The prices in the locality vary from block to block. The sale price of 10-marla plots ranges between PKR 2,100,000 and PKR 4,500,000, with prices at a minimum in Block T and highest in Blocks A, B, F and I.
The market price for 1-kanal plots ranges between PKR 3,500,000 and PKR 7,000,000. For this category of plots, the prices are lowest in Block P and highest in Blocks A, B and E.
Mr Asif did not seem satisfied about the pace of development in Gulberg Residencia and complained that the developer has been focusing primarily on Gulberg Greens, the project that hosts farm houses.
Anyway, it’s now time to wrap up the post. As always, I am ready to have a conversation with you in the comments section below. So do write to me to discuss the ins and outs of the developments I’ve mentioned.
zain bhai,how many villas in total? i mean the total number ?
Whom you can recommend us for better deals( fair and clean) in gulberg?
My second query is regarding A/B/F/I blocks as whats prompting the hike in prices in this slow market of pindi/isl? 10 Marla 40-45 plus in these blocks without any visible houses and running life? its suspicious or genuine??why i say suspicious is ,bcz there were some rumors back when star marketing was busy in ads compaining for Gulberg , so its being presumed as some big investors purchased files in bulks and they are the trend setter now, and once they exit ,the market may turn back for correction.
My apologies if am speculating something on the basis of mare rumors. but we have to dig it a bit .
Dear DK,
The have offered almost 50 villas for now, but plan to launch more projects in future.
Coming back to your second query, I haven’t heard of anything like that. Investors might have purchased files in bulk for manipulative purposes, but we cannot state it with certainty.
I think the developer is currently focusing on Gulberg Greens and is not paying much heed to Gulberg Residencia.
Rest ALLAH knows better.
Regards,
zain Nadeem
Hi,
I have plot in block I, is it possible for me as well to construct the home, pls guide.
Regards
Gul
i want to ask about gulberg residencia file.i have bought one kanal file from market.when will be bulliting done and number alloted to files.please guide me.i have made full payment to society.
i want to purchase this villa pl let me know the latest update and payment plan. i also
have a plot in i block ten marla it is possible to exchange with villa and remaining amount i will be paid.