GwadarIs It Still An Ideal Real Estate Investment?
If we can close our eyes to the ongoing chaos in Pakistan and all sorts of conspiracy theories encircling the future of Balauchistan, for a moment, Gwadar would probably come out as the most lucrative real estate investment in Pakistan. Especially after the Gwadar port has started to function in December, 2008. Apart from Pakistan, the strategic location of this port is crucial to many other countries including China, India, Middle Eastern countries, and even United States, supposedly the uncertain situation of this region is a result of all these players jumping in to safeguard their own interests.
Gwadar Port:
Gwadar port was always going to be a huge project; it meant so much for so many people. The port alone (if it starts functioning to its true potential) can change the outlook of entire province, let alone Gwadar city, by providing job opportunities, which will exceed millions in number. In addition to the economic growth, the port will also add to the defense structure of Pakistan. Gwadar port can also serve so many purposes for People's Republic of China, that's the reason why China has chipped in with considerable financial and technical support. The port becomes even more important because of the fact that it is situated quite near to the very important transit routes of crude oil. Other than that, Government of Pakistan has declared it a Tax Free port for the next 20 years.
Infrastructure:
All the strategic importance and development work at Gwadar port would go in vain if world class infrastructure is not there to backup. Therefore it was imperative for the government to support the port by building an extensive network of roads, airport, hotels, warehouses and other necessary developments. A major development in this direction was building Makran Coastal Highway that will connect Gwadar City directly to Karachi, significantly reducing the required travel time. Another major project undergoing at Gwadar will be its new International Airport. A railway line is also planned from Gwadar to Kashgar; government is also taking other necessary steps like making sure that the city gets an uninterrupted supply of electricity, gas and water.
Real Estate:
Gwadar real estate prices have already appreciated a lot in the last decade or so, areas like Washin Door, Newtown Housing Scheme, Ziarat Machi, Airport road; Zero Point, etc have seen a sharp rise in the price of land and properties. Many housing schemes are in their initial stages, Given that the overall situation in Balauchistan improves and become a little less uncertain, Gwadar is tipped off as another Dubai by many experts, as far as real estate market is concerned. As of now, it'd be a little too risky for small investors to invest in this region; however Gwadar is definitely a place to keep tabs on.
Gwadar Port:
Gwadar port was always going to be a huge project; it meant so much for so many people. The port alone (if it starts functioning to its true potential) can change the outlook of entire province, let alone Gwadar city, by providing job opportunities, which will exceed millions in number. In addition to the economic growth, the port will also add to the defense structure of Pakistan. Gwadar port can also serve so many purposes for People's Republic of China, that's the reason why China has chipped in with considerable financial and technical support. The port becomes even more important because of the fact that it is situated quite near to the very important transit routes of crude oil. Other than that, Government of Pakistan has declared it a Tax Free port for the next 20 years.
Infrastructure:
All the strategic importance and development work at Gwadar port would go in vain if world class infrastructure is not there to backup. Therefore it was imperative for the government to support the port by building an extensive network of roads, airport, hotels, warehouses and other necessary developments. A major development in this direction was building Makran Coastal Highway that will connect Gwadar City directly to Karachi, significantly reducing the required travel time. Another major project undergoing at Gwadar will be its new International Airport. A railway line is also planned from Gwadar to Kashgar; government is also taking other necessary steps like making sure that the city gets an uninterrupted supply of electricity, gas and water.
Real Estate:
Gwadar real estate prices have already appreciated a lot in the last decade or so, areas like Washin Door, Newtown Housing Scheme, Ziarat Machi, Airport road; Zero Point, etc have seen a sharp rise in the price of land and properties. Many housing schemes are in their initial stages, Given that the overall situation in Balauchistan improves and become a little less uncertain, Gwadar is tipped off as another Dubai by many experts, as far as real estate market is concerned. As of now, it'd be a little too risky for small investors to invest in this region; however Gwadar is definitely a place to keep tabs on.
