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 .
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.
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 .
Information about Sanghar housing society
Jinnah Avenue commercial high rise
Marine drive commercial high rise
New town Gwadar plots and houses
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