The capital city of Islamabad is home to some of the most meticulously planned and aesthetically pleasing housing societies in Pakistan. However, if you are looking to buy property in the Twin Cities either for the purpose of investment or to live there, purchasing a plot or a house in Gulberg Islamabad is probably one of your best options.
Well, to begin with, Gulberg Islamabad is considered the epitome of luxury and serenity in the federal capital that is known for its natural beauty and world-class infrastructure. Located in the heart of Islamabad, this rapidly-developing mixed-use real estate project redefines dream living with its sheer attention to detail, focus on clean and sustainable lifestyle, ultra-modern housing options and availability of all the latest facilities you can think of.
Gulberg Islamabad is the largest housing scheme in Zone IV of Islamabad Capital Territory. In fact, it is also referred to as a ‘city within a city,’ owing to its area size and infrastructure. It is a project of Intelligence Bureau Employees Cooperative Housing Scheme (IBECHS) and was launched in 2005 following the success of IBECHS Phase 1 and Phase 2, the latter of which is also known as Pakistan Town. The CDA-approved gated-community is divided into two parts: Gulberg Residencia and Gulberg Greens.
As is evident by its name, Gulberg Residencia features residential properties in Gulberg Islamabad such as houses, apartments, duplexes and penthouses. It comprises 22 blocks, including a purely commercial block called D-Markaz. On the other hand, Gulberg Greens is sub-divided into six blocks and boasts farmhouses for sale along with housing the biggest commercial areas in the scheme. Both of these neighbourhoods have direct access to the Blue Area, which serves as the common commercial boulevard of Gulberg Islamabad. Meanwhile, the two locales are connected by the 22 feet wide Gulberg Expressway.
It is also important to mention that almost 80 percent of development work in the area has already been completed, as per the latest updates on Gulberg Islamabad. The construction of residential and commercial buildings is also in full swing in the blocks where possession has been handed over.
If you are already considering living in Gulberg Islamabad, let’s take a look at some other important details pertaining to the project.
The location of Gulberg Islamabad is one of its most alluring features, which is saying a lot given the types of amenities and facilities this project promises to offer its residents.
Gulberg Islamabad is easily accessible from all parts of the Twin Cities as it is situated near the main Islamabad Expressway at the intersection of Zones 4 and 5 of Islamabad Capital Territory. The society has even constructed its own signal-free underpass on Islamabad Expressway to facilitate the residents of Gulberg Islamabad as well as the visitors. The underpass has two entries, one from Naval Anchorage and the other from Chak Shahzad. This means commuting to and fro from this posh housing society is going to be as hassle-free as it can get.
Meanwhile, the popular Aabpara Market, which is one of the major commercial hubs in the capital city, is only about a 30-minute-drive away from Gulberg Islamabad. It is situated at a distance of about 15.2 kilometres. In addition to that, Koral Chowk and T-Chowk are located at a distance of around 9 and 16 kilometers from the mega real estate project via Gulberg Expressway. The renowned housing project of Bahria Town Islamabad is also only 15.2 kilometers away from Gulberg Islamabad.
As mentioned above, Gulberg Islamabad is one of the most serene and greenest neighbourhoods of the federal capital, located in the foothills of Margalla. However, apart from the breath-taking natural beauty, this housing society boasts a wide range of top-notch amenities and facilities, ensuring a better quality of life for its residents.
Here are some of the main features of Gulberg Islamabad that have made it one of the most popular places to buy property in Islamabad among investors, as per the search trends of Zameen.com – the leading real estate portal in Pakistan.
Gulberg Islamabad has enjoyed high popularity among real estate investors and home buyers since the beginning of 2018 – and the trend persists to date. One of the main reasons why buyers flock to purchase property in this mega project is because the prices of residential and commercial plots are relatively lower in some of the blocks in Gulberg Islamabad that are still awaiting possession. Owing to the host of facilities available in the housing society, and keeping the past trends in mind, prices of properties in Gulberg Islamabad will see a sharp hike once the possession is announced for the remaining blocks, ensuring a high Return on Investments (ROI) to both buyers and investors.
The development work is currently underway throughout the project, however, possession of plots has been handed over in various blocks. For instance, in Gulberg Residencia, developers have acquired possession for 90 percent plots in Block A, 90 percent in Block C, 95 percent in Block E, 80 percent in Block F and 100 percent in Block I, according to the local real estate agents. Possession has also been granted to some property owners in Blocks B, G, H, T and V. Some of these blocks, most notably F, E and I, also boast newly-constructed houses. In fact, families have already begun moving into houses in Gulberg Islamabad.
As for the farmhouses in Gulberg Greens, possession has been announced in Blocks A, B, C and D, where the development work has been completed. Construction of farmhouses has also begun in the area.
Let’s take a look at the prices of residential properties in Gulberg Islamabad.
Plots for sale in Gulberg Residencia are available in area sizes of 5 marla, 7 marla, 10 marla, and 1 kanal.
The prices of 5 marla plots in the area start from PKR 19.8 lakh, while 10 marla residential plots in the housing society are available for the starting price of 40 lakh. The lowest price for 1 kanal plots in Gulberg Residencia is PKR 62 lakh.
However, it is pertinent to note that the prices of properties significantly fluctuate with each block in the neighbourhood. Also, the prices of corner and park facing plots are also higher than the rest.
As for buying flats in Gulberg Residencia, a 1-bed apartment cost around PKR 37 lakh at the very least. The starting price of a 2-bed flat for sale in the area is around PKR 54 lakh. Of course, these prices vary with each project and block.
In case you are interested in buying plots in Gulberg Greens, the plots for farmhouses are only available in the area sizes of 4 kanal, 5 kanal and 10 kanal. The starting price of 4 kanal plots in Gulberg Greens is PKR 2.7 crore. On the other hand, you can purchase a 5 kanal plot in the area for 3.3 crore at the very least. The sales trend for 10 kanal plots for farmhouses in Gulberg Greens starts at PKR 7 crore.
So, that was our comprehensive overview of facilities in Gulberg Islamabad along with its location, development status and prices. If you have any other questions about buying a property in Gulberg Islamabad, feel free to send us an email on firstname.lastname@example.org.
In the meantime, don’t forget to take a look at the 2019 Real Estate Market Report for the Twin Cities to see which area performed better than the rest last year. Also, stay connected to My Blog – the top real estate blog in Pakistan – to learn more about investment opportunities in different cities. Last but not the least, don’t forget to subscribe to our newsletter if you want to stay updated about the latest property and construction trends in the country.