Gwadar real estate sector is booming again
Gwadar is witnessing another property boom. Prices have risen nearly 5 times in different areas of Gwadar. Housing schemes like Singhar Housing Scheme Gwadar, Sea View Heights Gwadar, Creek City Gwadar, Savaira City Gwadar and GDA Housing Scheme No. 5 Gwadar have witnessed massive rate hikes. People from different parts of Pakistan are visiting Gwadar to invest in the real estate sector. Hotels and guest houses are full of investors as it was during the last property boom in Gwadar. Gwadar saw real estate boom from 2003-2005. But due to the law and order situation in Balochistan and delays in the development of Gwadar Port, people withdrew their investments and boom ended in 2005. This time situation is different in Gwadar and gains are solid. This real estate boom in Gwadar is due to these factors:-
Chinese investment in Gwadar
China has invested $46 billion for the development of Gwadar Port and Gwadar-Kashgar Trade Corridor. Both projects would be fully functional by end of 2017. Pakistan government has also transferred the management rights of Gwadar Port to China for 40 years. Now China will develop and operate the Gwadar Port. This has made it clear that Gwadar port would be built this time. Therefore investors’ confidence is back now. People are investing in Gwadar real estate sector to earn high returns in short period of time.
Fast pace of construction work in Gwadar Port and Gwadar-Kashgar Trade Corridor
Construction of Gwadar Port and Gwadar-Kashgar Trade Corridor is in full swing. 60% of the work has been completed. We need 1000 kilometers long roads for trade corridor, whereas 700 kilometers of roads have been completed. The fast pace of construction work is also a booster for the property investors. Investors are sure that construction work would be completed by 2017. Therefore people are investing in Gwadar Real Estate to earn good profits.
Better law and order situation in Gwadar and Balochistan
Law and order situation in Gwadar and Balochistan region is much better now than it was in 2005. We can see less terrorist attracts now in Balochistan. Pakistan Law Enforcement Agencies are working day and night to maintain high level of security in the region. Due to this investors’ confidence in back and once again people are willing to invest in the Gwadar properties and Gwadar real estate sector is booming.
Time to invest in Gwadar real estate sector
This is the right time to invest in Gwadar real estate sector as prices will rise by many folds once Gwadar Port and Gwadar-Kashgar Trade Corridor is fully functional by 2017. The best option to invest in Gwadar real estate is to diversify the investments by investing in different type of properties like houses, plots, flats and commercial buildings. By diversifying your investments, you will increase the profit margins. Gwadar real estate sector is offering the life time opportunity to invest in the world’s top real estate hotspot.