Gulberg Greens Islamabad
Details
Lifestyle | Luxury | Super Luxury |
---|---|
Type | Residential Plots | Commercial Plots |
Approving Authority | CDA |
Access | Islamabad Expressway, Kashmir Highway, Rawat |
Access Level (to date) | Easy |
Project Area | 1,00,000 Kanal |
Blocks | Gulberg Green, Gulberg Residencia, Gulberg Farms, Executive Block |
Progress | 30% (Approx.) |
Developed by | Intelligence Bureau's Cooperative Housing Society (IBECHS) |
ROI | Immediate | Long-Term |
About
Gulberg Greens is an Intelligence Bureau (IB) led housing society that is divided into 3 major projects, The Gulberg Greens (4 Kanal and upwards), The Gulberg Residencia (5 Marla – 2 Kanal), and The Agro Farm Housing.
It is spread over an estimated area of 1,00,000 Kanal of land, further divided into various blocks.
Starting in 2009, the development as seen by critics is as slow as molasses yet the price trend is ascending every day.
The center city location of Gulberg Greens is a strong factor in cultivating the success and price hike over 10 years.
Being located on Main Islamabad Expressway, it has rapid access from Zero Point, Rawat, and Saddar (Rawalpindi), with a dedicated private interchange, making it a sweet spot for investors, dealers, and end-users.
Gulberg Greens has been also lucky enough to grab the NOC from CDA, EPA, ICT, and other relevant authorities, furthering its monopoly over other societies in the area.
Currently, the prices in Farmhouses of Gulberg Greens are starting from PKR 9 Crore for a 4 Kanal plot while prices of possession are plots in Gulberg Residencia start from 85 lacs for an 8 Marla.
The developers have designed the society to suit commercial and residential investors owing to its heavy footfall and far-stretched area.
Amenities
- 24/7 Electricity
- Artificial Lake
- Commercial Hubs
- Community Centers
- Dedicated Interchange
- Educational Institutes
- Gated Community
- Golf & Country Club
- Gym and Fitness Centre
- Health Care Facilities
- Multiple Mosques
- Parks
- Security Patrolling
- Shopping Malls
- Solar lit Roads
- Sports Facility
- Surveillance and Security
- Underground Electricity
- Walk-through Walls
- Walkways/Jogging Tracks
Property Types
Gulberg Green
4 Kanal Farmhouse is equal to PKR 90-100 Mn
5 Kanal Farmhouse is equal to PKR 100-120 Mn
10 Kanal Farmhouse is equal to PKR 150-190 Mn
Gulberg Residencia
5 Marla Plot is equal to PKR 3 – 3.5Mn
7 Marla Plot is equal to PKR 6 – 12 Mn
10 Marla Plot is equal to PKR 10 – 16 Mn
12 Marla Plot is equal to PKR 18 – 26 Mn
1 Kanal Plot is equal to PKR 20 – 30 Mn
2 Kanal Plot is equal to PKR 25 – 38 Mn
These price ranges vary from Block to Block and other market trends that drive the real estate industry.
ProProperty advise the buyers to verify these prices from official sales department of Gulberg Greens before making ant purchase.
The project is being undertaken by Intelligence Bureau.
The developers are often known as Intelligence Bureau’s Cooperative Housing Society (IBECHS) who are prominent for developing Pakistan Town, Gulberg Dream Heights and other similar projects.
Gulberg Green Developers are also their shared partners in its development.
Gulberg Residencia
Agro Farm Houses
Gulberg Commercial
Vicinity
- Islamabad City
- Rawalpindi Cantonment
- Islamabad Expressway
- Srinagar Highway
- Naval Anchorage
- Chaklala
- Korang Town
- Rawal Lake
- Ghauri Town
- DHA pahse-2
Master Plan (Gulberg Greens)
Price Trends
The cost of buying plots in Gulberg Greens and Gulberg Residencia has skyrocketed over a short span of time. Despite of underdeveloped sectors the market didn’t devalue.
Following Price Index from (March 2021 – 2022) show the price trends over a year.
Month | Index | Price/Sq. Ft. | % Change |
March 21 | 142.00 | 1,748 | +2.72% |
April 21 | 143.08 | 1,761 | +0.76% |
May 21 | 136.18 | 1,676 | -4.82% |
June 21 | 135.71 | 1,671 | -0.35% |
July 21 | 130.42 | 1,605 | -3.90% |
August 21 | 129.00 | 1,588 | -1.09% |
September 21 | 119.30 | 1,469 | -7.52% |
October 21 | 118.79 | 1,462 | -0.42% |
November 21 | 121.61 | 1,497 | +2.37% |
December 21 | 122.60 | 1,509 | +0.81% |
January 22 | 119.18 | 1,467 | -2.79% |
February 22 | 126.18 | 1,553 | +5.88% |
March 22 | 129.44 | 1,593 | +2.58% |
Currently, the prices in Farmhouses of Gulberg Greens are starting from Rs. 9 Crore for a 4 Kanal plot while prices of possessionble plots in Gulberg Residencia starts from 85 lacs for an 8 Marla.
Rumors and Controversies
People have shown so much anger over possession that has sparked the whole market as they claim the amount they have paid didn’t result in possession since many years, perhaps due to the casual negligence of the dealers.
Additionally, the A, B, O, P, K, R, A blocks have faced criticism where the actual land is less than the land they have sold or is acquired by native villagers. This has brought a bad omen for whole society.
Most importantly, NAB and CDA both have lodged cases against various estate agents who have allegedly sold land with no ground presence. Such types of cases and intervention of institutions has yet again challenged the credibility of society, making the people critical when it comes to investment.
Similarly, it’s been 15 years since this project has launched but the development progress is as slow as molasses which is yet another jewel in the crown of disappointments. People have also shifted their investments to its other counterparts.
ProProperty advises their valued readers to have a thorough check of the market along with the mentioned controversies before getting any deal locked.
Final Word
From the platform of ProProperty, we advise you to cross check all the details of property types being offered viz-a-viz market rates and consult reliable real estate agents.
To sum up, all that glitters is not Gold as Gulberg Greens has created much hype in real estate industry, therefore the scams have catalyzed in the market that demands extra cautious attitude while dealing.