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Posts Tagged gwadar development

Naval Anchorage Gwadar Development work in progress

Naval Anchorage Gwadar Development work has been started. Here’s a glimpse of the site work

 

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Top Developments in Gwadar in 2017

Gwadar Port in Pakistan and the CPEC are equally attractive and interesting idea for foreign as well as local investors. The government of Pakistan has also set up a tax-free industrial zone for the International standard areas in Gwadar. Expected is that the Government will offer more concession to the foreign investors in the coming times. On the other had investors from different parts of the world are showing their interest in Gwadar. The investors specifically from Afghanistan, Central Asia, South Korea, China, Singapore and Japan are showing their interest in the establishment of Industrial Estate in Gwadar.

The Gwadar is set to transform the small coastal town into a multicultural port city. For all the said reasons the property investment is Gwadar is coming up as a profitable investment. The real estate buying and selling are at its peak and the real-estate investors, the businessmen and companies are showing interest in the area. The Gwadar is focused on the upcoming real estate projects in Gwadar and is looking forward to boosting the sale and purchase of land in coming time.

The rich investors are interested in buying industrial plots as well as residential plots, around the city. Both types of lands are offered with different schemes and packages. The fully operational Port of Gwadar is believed to boost the industrialization process in the region and is said to bring a lot of benefits to the world. With a fully functional zone, Gwadar is believed to be an industrial zone that will have a major influence on the economy of the world by facilitating the trade and industrial activities.

The government of Pakistan has planned to establish and promote the industrial zone and opening the major banks’ franchises to facilitate the loan and other financial services to the interested investors.

Planned Setups in Gwadar:

Gwadar has come up with the planned industries and will offer the following facilities to the investors:

• Small manufacturing zones
• Major electronic fabrication and assembly setups
• Wood and metal fabrication and assembly
• PVC housing & extrusion and Re-packaging
• Fish processing & canning and Life engineering
• Textile & garments and Food & flour mills
• Refrigeration & cold storages.

For the said promotion of the Gwadar Port, there are many other planned activities that are in the pipeline. These include; commercial plots, housing schemes, sports services and many others. The master plan of Gwadar includes setting factories that will be offering services to the future manufacturing and other plants that will settle in the area. While on the other hand a wide range of housing schemes are designed for both low and high-income groups that will be linked with the Gwadar Port City.

The Free Trade Zone:

Another prominent feature is the Free Trade Zone and the Export Processing Zone that is said to have a huge potential for investment as well as the development of small, medium as well as large scale industries. These industries are believed to be generating revenue for themselves and the government with a huge profit margin and employment for people in Pakistan.

The Gwadar Port and CPEC are expected to bring a new era of industrial level development in Balochistan as the province has massive industrial potential including fisheries, livestock, minerals and agriculture. By exploiting these key sources of the providence we can generate a massive amount of industrial benefits for the country and the region.

Top Developments in Gwadar in 2017:

New Gwadar International Airport: An uninterrupted transportation and convenient business communication is the core reason for initiating the idea of CPEC. With such an intention, the Gwadar is also meant to facilitate the residents with easy travelling. For this reason, the bus and train routes and the national and International air travelling routes is something a must for the project. For this reason, the Gwadar project is facilitated with a comprehensive International Airport. The Gwadar International Airport Project was inaugurated in April 2018. It is believed to be the largest Airport in Pakistan that acquires an area of 3700 acres. The project has already acquired financial clearance and the project is obtained by a Chinese company that will be executing the idea. Once completed the airport is believed to become a hub for international trading activities in Pakistan.

gwadar international airport

Oil City in Gwadar: Pakistan is rich with natural resources and is believed to offer more such surprises in future as well. Just like the amazing potential of the Gwadar Port City along with the CPEC idea the area will offer a number of other opportunities to the world. Along with many other developments the Government of Pakistan has decided to construct a mega oil city on the Gwadar. This city is believed to acquire 80,000 acres of land. The mega oil city will be used to transport oil to China. This transported oil will be bought from the gulf. This mega oil city will help you reduce to half; the travelling distance, cost and time from the Gulf to China. The Gwadar port city is purposed to store oil for its further transfer to China, via Pakistan. With this route, the oil will be transported to China in time to 7 working days. This project will also be executed by a Chinese company that has already started working on it since August 14, 2018.

Oil city gwadar

The Fiber Optic Project: This is an under-construction project of 820 Kilometers that is laid from China-Pakistan Border to Khunjerab and Rawalpindi. The project was initiated back in 2016 in the city of Gilgit and is expected to be completed by the end of 2018. This line will connect the Transit Europe-Asia Terrestrial Cable Network with Pakistan. The project is currently transmitting the internet traffic through four undersea fibre optic cables. The project is financed by Exim Bank of China (source: Wikipedia).

fiber optic project gwadar

Railway Network Project: As the CPEC places an emphasis on the up graduating of Pakistan transportation infrastructure including building the main line between Karachi and Peshawar supporting the transportation structure of Pakistan. The railway provides direct access to Chinese and East Asian goods of Pakistan’s seaports at Gwadar and Karachi by 2030.

gwadar railway network

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An Essential Guide to Real Estate Investment in Gwadar

Investing in Gwadar is not simple and interesting as in any other part of Pakistan. There are a number of reasons to support this fact and one of the basic reasons that make the real estate investment in Gwadar a bit critical is that it has just started its journey. Although sprouting at the moment, the city is soon expected to be the leading international port city of Pakistan. Talking about the about all the potential the Gwadar port city project seems to be opening doors of amazing opportunities and filling up all the needs of international trading in Pakistan.

For all the said reasons the city seems to be transforming the infrastructure and giving a hope to many investors who are looking forward to earn some big amount in the coming years.

Also read: Top 3 Housing Schemes In Gwadar

With all the potential, Gwadar port city is offering something that was never offered in Pakistan’s real estate market before. Thus we can see a number of potential challenges in this case as well. For this reason, we can clearly say that the Gwadar city investment is not same as of buying land in any other part of Pakistan. There is no such thing as earning quick gains.

According to the experts, the investors who are willing to invest in Gwadar must know that it will take many years to get what they are looking for or what they have been promised with. The process of earning ROI (return on investment) is a long-term deal. However, seeing occasional gains is another thing and is something that can be seen in many other projects in the pipeline. Also one cannot predict any specific pattern in this regard.

The experts also recommend that investors for Gwadar must not have any misconceptions or false assumptions about their investment duration in the port city or should not fall for any fake promises.Thus, investors who are buying lands for profits must not fall for fake and unreliable sources including agents and developers etc. Investing in open and bigger lands that are bound to increase their value is better than buying smaller pieces of land at higher rates. Here are some of the most common misconceptions about buying and selling real estate that is must to keep in mind while buying a land in the Gwadar.

Big is Best Size

The parts of the Port city, located far from the old town is not a preferred place for the buyers as there are no lands smallest than an acre in these areas. This is better when you have an open land owned by any local party and not by the government. The reason for this trend is the fact that the land owners have many acres of lands and from which only a part of the property lies on the road that are marked to become spacious and wide. These connecting roads are the real value of for the land owners.

In such cases, selling small pieces of lands is a bad idea and can earn limited or no benefits to the land owners. Selling smaller chunks facing the road will decrease the value of land that is a bit far from the roads and thus it can be a bad deal to sale the lands in smaller bits. For the said reason the buyers are left with no choice to sell bigger areas that, in some case is bigger than 50 acres.

However, if you are looking to buy a small piece of land in the Gwadar Port City, you must look for the areas that are a far from the main road. At times it has been found that the smaller lands are of expensive as compare to that of the bigger plots. Thus the choice is completely on your preferences for investment and your priorities.

Verification Criteria

As stated by the GDA (Gwadar Development Authority) the buyers’ need to verify their NOC issues for any specific project they are willing to invest it. This is of great importance as many of the land owners have sold their properties without having necessary approvals from the GDA.

While buying any open land, the buyers must also make sure that the land is available for resale. The GDA, in many parts of Gwadar, had banned the transfer of property. Thus the buyers must make sure that they are not scammed by paying for any such property.

The GDA recommends that when you are about to pay the token or advance money for the land you want to acquire, you must share the information in the newspaper or ask the GDA authorities if they have any issues with the land or not. Also, check if the land is available for sale/resale and authority transfer or not. Once you find that the land is safe for further proceeding, you can take an official with you and mark the land.

It is also recommended to the buyers to mark the area before closing the deal for buying this land. There are chances that during the process you find that the land is disputed. In any such case you must not proceed with paying the remaining amount until the matter is sorted out completely.

Ground Realities vs. Claims:

A most important ground reality is that no commercial or residential property in Gwadar is developing at a fast pace. The developers at Gwadar have no long-run plans or any clear time-frame for the completion of the projects. So if anyone says that the project will be executed and will be set to earn benefits in few years, they are probably lying. Even for a residential property buying, it is important to keep in mind that there would be need of a time frame of almost 5 years to complete the project. There can be some projects that would not be available for buyer’s complete possession even after 5 years. Thus important is to do a complete check and invest in the societies that are supported by reliable sources.

Where Should You Invest?

In a single line we can say that the decision depends on your priorities. It depends on your budget and you’re short as well as long run goals with this investment. However, here are some of the most appreciated investment areas that you may consider:

The Sanghar Housing Scheme is a fast, secure and well regulated society that comes with no legal complications. It is also a unique location of the Gwadar Port City. The scheme offers both residential and commercial plots that are a perfect choice for all kinds of mega projects like shopping malls and others.

The Naval Anchorage Gwadar is the best option for you if you are looking for a land approved by the Gwadar Development Authority, a gated community for your family settlement. The housing society is located right on the pinpoint of Rakshan Avenu and the Coastal Highway. The community is offered with a wide range of self-sustaining amenities for the residents and up to mark the health care facilities. You can also find a range of schools, colleges and universities to process your living in a better way.

The Airport Road Commercials is another perfect choice where the commercial activities are present even today. However there are some legal issues and minor irregularities in operations because of which it stands after the Sanghar Housing Scheme.

The Marine Drive Commercials is the next in the list of most preferred housing schemes. It will also be developing as a commercial hub soon after the airport. There is not any commercial activity at the location currently and there are some irregularities in the sale purchase process of land in this area.

The Jinnah Avenue Commercials and New Town Society are also reliable options with better profit opportunities in coming years. However, important is to visit the sites personally rather than just depending on the 3D images or any videos about the locations you are willing to invest it.

Working on ground realities can help the investors to make better decisions and make a deal that looks real. Investment in the Gwadar City is something that needs a lot of persistence and tolerance before it returns you amazing sum of benefits and earning opportunities. Remember, those who have the long run motive can earn the maximum reward.

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