How Important is Gwadar in Future for Real Estate Investment?
Gwadar Past and Present
Gwadar on map is in blochasitan is the most beautiful place in Pakistan.Gwadar is the port city of Balochistan and owned by Pakistani government since 1958.It was the part of government Oman from 1783 to 1958.It is wide port of 120 kilometers in turbot side and 170 kilometers to west Gwadar.Gwadar was under Oman rules for almost 200 years. However, It was recognized as a deep water port in 1954 by USA geological survey. Pakistan took ever Gwadar in 1958 and Since that time Pakistan never uses this port for economic purpose and it was a big mistake by Pakistani governments.It was the responsibility of the Pakistani government to develop this port with transportation of roads, Gwadar airport and telecommunication.However, Lack of investment, infrastructure and security concern in bolchastian this part of the economic hub remained silent for almost 4 decades. In 2001 Army ruler Parvez Musharraf gave Gwadar importance and started development. If we look at the Gwadar port map it has strategic route of trade and easiest way toward gulf and Europe.Vision of Perviz mushraf Invite china to investment in Gwadar. In 2015 Pakistan and China decided to develop Gwadar and announced China–Pakistan Economic Corridor (CPEC) plan and initially china invested $46 billion. China found the importance of deep water port and started investment in Gwadar port and different development project so we can say that Gwadar city and Gwadar port's future based on china's investment heavily. Pakistan and China started mega projects in gathering it includes One Belt, One Road, Pakistan linked different routes from northern pakistan to western chinatown link china rate direct with gawdar port.
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| Gwadar in Future for Real Estate Investment |
View of Gwadar Port and Real Estate Development Projects
Strategically, Gwadar is located in southern coast of Blochistan on Arabian Sea. Gwadar is very close from Irani a border and its distance is 120km and 533km from Karachi. The main areas of Gwadar are Pasni, Gwadar and Jiwani. Gwadar district total population is 215,00 and in Gawdar city, there are 80,000 people are living. Gwadar port's importance and Gwadar CPEC give importance to Gwadar importance. Pakistan government sets indicators to achieve goals of Gwadar 2030 and 2055. Now Gwadar port works unders Ports &Shipping. Government of Pakistan established the Gwadar Port Authority (GPA) in 2002.This Organization have responsibility of construction, operations, management, and maintenance of Gwadar deep water port. In the development of gwadar the government of Pakistan has adopted the concept of the landlord to make the process transparent and GPA is responsible to deal and drive overall development of the port and raise funds.GPA invites private sector investor as a primary source of development in different projects of hospitals, airports and cargo. Gwadar port is away from Gwadar city and it is the port of deep water which is much deep than karchi and dubia ports. Gwadar port is imporance becasue CPEC route and with the cpec progress.
Currently, GDA working on the following ongoing projects and these projects is good for investment point of view for different investors. Here is the detail of projects.
⦁ Construction of East-Bay Expressway, Gwadar Port
⦁ Construction of Breakwaters, Gwadar Port
⦁ Dredging of Berthing Areas & Channels, Gwadar Port
⦁ Pak-China Technical & Vocational Institute
⦁ Infrastructure Development for Free Zone & EPZs, Gwadar
⦁ Necessary Facilities of Fresh Water Treatment, Water Supply
⦁ China-Pakistan Friendship Hospital (Up-gradation of existing 50 bedded hospital )
⦁ Coal-based Power Plant at Gwadar
⦁ Min of Water & Power
⦁ Construction of Gwadar International Airport
Real Estate in Gwadar
Real Estate in Gwadar China-Pakistan Economic Corridor (CPEC) is winning win situation for not only china and Pakistan but also for region if we go in long perspective. This route will be the future of the global economy. This part needs investment and infrastructure of transportation, telecommunication, education and real estate development. Currently, the development of gwadar and the involvement of big stakeholders increases the price of land.The prediction and current environment show the sign of heavy development projects so we can say the future of real estate in gwadar is bright. Gwadar Development Authority is the main company who has the rights to develop Gwadar and this institution invites investors to invest in residential property, commercial property, industrial property and raw land. In gwadar there is 70% land is private which mean it's a good apparatus for investors to invest all kinds of real estate properties. Gwadar development authority issues a list of legal real estate securities in Gwadar and ban 100 illegal housing societies which advertise by realtors. To Invest in Gwadar make sure where you invest is completed recognized by GDA. Gwadar Real Estate in a developing Realty and it takes 3 to 5 years more for development so make sure as an investor for big ROI be patient for profit, In commercial real estate investment it will take 7 to 10 years to mature ROI. As real estate in gwadar is under a well organise authority it will be easy for investors "where to invest in gwadar"Who are gwadar property dealers" and what will be the rate of gwadar property in 2019.
This is the list issued by the Gwadar Development Authority for real estate Investment in residential and commercial sector
1. Naval Anchorage Gwadar
2. International Port City
3. Al-Ghani Housing Scheme
4. Sachan City Gwadar
5. Gold Reaf City
6. Palm City Gwadar
7. Coast Way Residency
8. Indus City Gwadar
9. Sharjah Center
10. Gwadar Golf City
11. Rabia City Gwadar
12. Gwadar Royal Garden Phase II
13. Desmount Residency
14. Kings Park Gwadar
15. Globiz Phase-IV
16. Golden Lake
17. Jamal City
18. Canadian City Gwadar
19. Kaamyab City
20. The Gwadar Central
21. Hermain City
22. Jinnah City
23. Green Palms Gwadar
