In recent years, Pakistan has been making progress in terms of economic development. In 2016, FDI inflows increased by 10% to $1.4 billion, and a significant portion of that came from China. The construction of Gwadar Port is part of the CPEC project, which is a flagship project under the BRI initiative. The port will be able to handle ships with a capacity of up to 200,000 tons and will have an annual trading capacity of 100 million tons once it is operational.
If you’re looking to buy property in Gwadar, you’re not alone. This mega-city is experiencing unprecedented growth, and it’s poised to be the next big thing in Pakistan’s real estate. You may want to take advantage of this opportunity, but there are a few things you should know before making any decisions about this investment. Let’s look at some facts!
Gwadar is strategically located at the mouth of the Persian Gulf, close to emerging markets of Asia and Africa. It is potentially one of the best locations for international trade, not only in Pakistan but also in South Asia. The Chinese government has identified Gwadar as a suitable location for an overseas commercial hub that can serve both land-locked western China and Central Asia (to which it is connected via road and rail links).
The city meets the requirements for becoming a hub, having all basic infrastructure like seaport, airport and communication networks in place.
Safe and secure.
The government of Pakistan along with the Pak army, is attempting to make Gwadar more and more secure for investors. However, the security of Gwadar and its surrounding areas have already been a serious concern for the military of Pakistan. Therefore, in 2016 a Special security division was entrusted with the security of individuals working under CPEC. SSD comprised of the 9000 soldiers of the Pakistan Army and 6000 paramilitaries who were assigned with the duty of protecting the region.
Apart from alleviating security concerns on land, the Government of Pakistan has also taken initiatives to secure the coast through the maritime security agency and Pakistan Airforce.
Endless business prospects
Once completed, Gwadar is expected to become the centre of financial activity that ranges from hospitality and transportation to leisure and entertainment. These facts make Gwadar an investment that is profitable for contractors, businessmen and real estate investors. Therefore, purchasing Gwadar plots in instalments now is a sure way to ensure a more favourable future result than previously thought.
With short-term and long-term plans moving forward faster than before, purchasing plots in Gwadar will bring income gains over a longer timeframe earlier than you anticipated. The meagre price of Gwadar properties is currently the most attractive scenario. Experts believe that prices will grow at the fastest rate once Gwadar is operational.
As per the expert, Gwadar will act as a turning point for tourism in Pakistan. Pakistan is enriched with enchanting valleys and high top mountains, a paradise for tourists and nature lovers. Also, it is considered one of the most beautiful countries in the world in terms of natural scenery. Owing to its strategic location Gwadar after being fully operational, will act as an entry point for tourists all over the world. That is why buying property in Gwadar is a highly lucrative deal for investors who intend to open their tourist companies or motels in the near future.
To wrap things up!
To warp up the discussion, I would say that Gwadar is unequivocally a gold mine for investors.: Gwadar is a very promising investment opportunity. Investors who purchase property in the area stand to benefit from the steady increase of tourism and population growth in the region. As more people migrate to Gwadar, properties will become even more valuable over time.
Overall, it appears that buying property in Gwadar Central Housing Society can be a great investment. However, you need to be careful about where you buy and who to trust when looking at properties. There are some unscrupulous individuals who will take advantage of prospective buyers. That is why it’s important to have an experienced agent on your side that can help you avoid being scammed or purchasing a property that won’t hold long term value.