Future of 3rd and 4th file | Latest Updates | Gulberg Residencia Islamabad

Many people have queries about the 3rd and 4th files of Gulberg Residencia Islamabad, and they are raising different questions. The most common questions are: What is the future of 3rd and 4th files? Which file will be balloted, and what is its period? Many people were asking if we should sell these files from a future point of view or hold on to these files. What are the latest updates?

So, in today’s article, we will try to answer all these questions and address the most common queries of the people regarding 3rd file and 4th file. We will provide you with complete details, like when the balloting of these files is going to be conducted and the future of these files. We will also give you honest advice regarding the buying and selling of 3rd and 4th file of Gulberg Residencia Islamabad. We will give you the latest updates today.

What is a Converted File? | Gulberg Residencia Islamabad

Two files are available in Gulberg Residencia Islamabad, having no number allotted, and no block has been announced for them yet. The first file is 3rd file which is also known as converted file. It was converted from Dream Heights apartments that’s why it is known as converted file. As it was the third plot or apartment allotted to IB employees, that’s why it is also known as 3^rd file. The second file is 4^th file.

Plots Sizes Offered in 3^rd file and 4^th file | Gulberg Residencia Islamabad

Four sizes are available in 4^th file. 5 marla, 7 marla, 10 marla and 1 kanal. If we talk about 3^rd file or converted file, only two sizes are available. 10 marla and 1 kanal. These files are limited in numbers. In the current market situation, the prices of both files are facing downfall. It is because selling trend is greater than buying trend in the market. Currently these files are selling on the level price or with minor profit. The profit is negligible due to heavy taxes that seller have to pay so the files are selling out on level prices almost.  

Deadline for 3^rd File Balloting | Gulberg Residencia Islamabad

Gulberg Residencia Islamabad is a corporative society. Here files are not sold out in large or unlimited numbers. The person who got the membership of file, society will must allot the plot to him. Files will not be merged. The converted file or 3^rd file is small in numbers as compared to 4^th file as I mentioned it before.

Recently society has notified about the balloting of 3^rd file. Its balloting will be conducted in January, 2025 or February, 2025 as per society notification. Now the trend of purchasing these files is increasing day by day because of level prices and minor profit. The people who already have 3^rd file is now moving towards holding of this file. They will sell it after balloting.  The wait for the balloting is now come to end soon.

When 3^rd file Plots will be Allotted? | | Gulberg Residencia Islamabad

The plots allotment of 3^rd file is totally dependent on society. May be society will announce new block or maybe society ballot these files in already existing blocks. If society merge them in already existing block, then chances of E Executive block are higher. Then allotment of plots depends upon whether land is clear or not or the distance of the block. We can define time period after the balloting of these files. We have no specific time yet.

Deadline for 4th File Balloting | Gulberg Residencia Islamabad

If we talk about 4^th file, these files are in heavy loss. All four sizes available 5 marla, 7 marla, 10 marla and 1 kanal are in minus or facing decline. These files are large in numbers. There is no information from the side of society regarding the balloting of these files. The investors are investing in these files for a long term because these files are facing downfall.

It is expected that the prices of the 4^th file will be improved if 3^rd file balloting will be done in future because then the only file available in market will be 4^th file on which through minor investment you can secure your plot. But its totally depends upon market condition such as interest rates of banks, country situation, buying and selling trend in market.  

Conclusion

It is a very good opportunity for the investors to invest in 3^rd or converted files because balloting will be conduct soon in the future as officially announcement has been made by the society. If someone wants to invest for a long term, then 4^th file is a good option as well because their prices are down now but after the balloting of 3^rd file, their prices will be improved and generate a good profit for investors.