Gwadar Property Investment
Pakistan purchased the small town of Gwadar from Oman in 1958, but did not begin work on the port until 2002. Gwadar is a deep warm-water harbor 470 kms away from Karachi and an ideal place for a new outlet to the Indian Ocean. China provided US$198 million for the first phase of the port, which was completed in 2006, but was lukewarm about further development. The project however picked up pace in April 2015 when China and Pakistan announced a 46 Billion USD package to develop CPEC and build infrastructure linking Gwadar to Xinjiang region in China. This has resulted in Gwadar property boom.
The Gwadar port is all set to become one of the biggest port cities of the world. Development of China Pakistan Economic Corridor (CPEC) will open new doors of development and prosperity in Pakistan. Every year multi trillion-dollar trade will happen through Gwadar. The port city will become the hub of world trade and is already attracting a lot of investors seeking Gwadar property for investment. Gwadar property prices have almost doubled in one last year and are continuing to rise as the development progresses.
It is important to understand that the infrastructure of Gwadar is developed to sustain heavy developments in near future. A good infrastructure speaks volume about things to come . GDA (Gwadar Development Authority) is working on development of residential and commercial areas in Gwadar . This is important because with the increase in port activity, a lot of people will move to Gwadar looking for new economic opportunities. This in turn will increase demand of the real estate in Gwadar. There are four different kind of Gwadar property investments we must look at .
- Residential Property
- Commercial Property
- Industrial Property
- Raw Land
Bridge approved between Marine drive and Sangar
23 Feb 2017 | Gwadar declared as winter capital
Chief Minister Balochistan Nawab Sanaullah Khan Zehri has announced to restore the status of Gwadar as winter capital of the province and has directed all provincial departments to establish their offices at Gwadar.
He made this announcement while presiding over by the 16th meeting of Gwadar Development Authority’s (GDA) Governing Body conference here, on Wednesday.
Development works starts in Sangar
GDA kills rumors about Sangar
Gwadar is located at the juncture of South Asia, Central Asia and the Middle East. It is close to the Iranian border and lies at the gateway to the Strait of Hormuz, a key world oil supply route. Geographical environment is considered as one of the important factors influencing the development of human society. The most critical element of the environment is the sea, which occupies almost three quarters of the surface of the earth. The next few decades are likely to see a struggle among powers to secure routes for transportation of resources.
China spends around $18 million on import of 6.3 million barrels of oil as shipment costs from the Middle East, everyday. However if the same trade is done thought Gwadar, it will bring these costs significantly down to 1/3rd of the current levels as new distance will be 3,626 miles to Central China and only 2,295 miles till West China. Even if China only uses CPEC for 50% of its current oil supplies, it will save around $6 million every day.
Infrastructure projects under the CPEC will span the length and breadth of Pakistan, and will eventually link the city of Gwadar in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang via a vast network of highways and railways. Proposed infrastructure projects are worth approximately $11 billion.
The city will also be the site of a floating liquefied natural gas facility that will be built as part of the larger $2.5 billion Gwadar-Nawabshah segment of the Iran Pakistan gas pipeline project. In addition to investments directly under CPEC in Gwadar city, the Chinese Port Holding Company has started constructing a $2 billion Economic Zone, modelled on the lines of the Special Economic Zones of China.
There are roughly 75 residential real estate societies under GDA (Gwadar Development Authority) with NOC . You can confirm the validity of the NOC on the GDA website .
Residential 12677.604 Acres
NOC Issued 75
Industrial 2174.87 Acres
NOC issued 15
Commercial 299.84 Acres
NOC Issued 6
Recreational 381 Acres
NOC Issued 4
Guidelines For Buyers
- GDA has not yet provided the infrastructure required to operate housing societies in Gwadar. The weakness in development of overall infrastructure is clearly visible but presently GDA is not worried about developing the housing sector. Instead GDA is working on development of the port, airport,expressway and other Government infrastructure required for the working of the port.
- Their are only two societies with developed infrastructure (Sanghar and New Town) . All other societies are just barren lands with zero development. Even the famous Golden palm has not even made a site office or a society gate. Fact is no one is interested in the development of housing societies as of now because there is a limited need of developed societies. However in time after the port is developed and people start migrating to Gwadar , GDA will focus more on housing societies.
- As an investment point of view housing societies are not bad as they offer very cheap plots , however do not expect them to develop soon.
- One should be careful when buying open land and should only work with a reliable consultant who has experience.