I thought of learning about different aspects of Pakistan,
as I want to do something for it. Therefore, I started with some of the
well-known indices or reports that would help me in gaining more information
about Strength, Weakness, Opportunity, Threat (SWOT). These were 12 posts. You
can search my posts related to Pakistan by typing: #UsmanZafarParacha_Pakistan
Now, I have been learning about real estate business in
Pakistan. I have started from Youtube videos and hopefully during my learning
Journey, I will get some more useful resources to move ahead in this learning
and perhaps entering into the real estate business.
I have seen a video, titled, “Gulberg Islamabad Plot Prices
| Gulberg Islamabad 2024 | Gulberg Islamabad Latest News” on the channel “Advice
Associates”.
In this video, the host shares the decline in the prices of
plots from 2022 to 2024. The host discusses about Gulberg Residencia. This area
has plots in the range from 5 marlas to 2 kanals, whereas in the Gulberg Greens
(which is in the start of the area), plots are in the range from 4 kanals to 10
kanals. In the C Block in Gulberg Residencia, 5 marla plots were available at
the price of about 95 lacs and now these are available in the price range of 85
lacs. The A1 and A2 blocks are non-developed areas, in which prices were 25
lacs in 2022 and now prices are in the range of 17 lacs. In the F-Executive
Block, which is also non-developed, prices were 30 lacs and now prices are 25
lacs. Overall, 7 marla plots in the non-developed areas were about 5 lacs and
now these are available at 30 lacs. Overall, 10 marla plots in developed areas
were available at 1 crore and now at 90 lacs, whereas 10 marla plots in the
non-developed areas were available at 70 lacs and now at 40 lacs. Overall, 12
marla plots, which were possessionable in the developed areas were available at
the price of 2 crores and now at 1.7 crores. Overall, 1 kanal plots, which are
in the non-developed areas, were available at 70 lacs and now at 50 lacs. Overall,
possessionable 1 kanal plots in the developed areas were available at 2.5
crores and now at 2 crores.
The host also shares that prices in Gulberg have declined
but the percentage of decline is lower as compared to that of Bahria Town. Usually,
prices in the non-developed areas have declined most in both of these areas. One
of the biggest reasons is that of Gulberg’s location, as it is located in
Islamabad. It is also signal free. However, development in this area is slow, which
is also one of the biggest reasons for the decline in prices.
Follow my Hashtag #behtareenkitalaash on Youtube: https://www.youtube.com/hashtag/behtareenkitalaash
Sources:
Advice Associates - https://www.youtube.com/watch?v=yt4EJ7N_sJI
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