Home » Real Estate Trends » Gwadar Master Plan 2019 expected soon: the details
Investment is pouring into Pakistan from all around the world. And according to most analysts, Gwadar is the reason why investors are paying this increased attention. Reportedly, the port city is all set to become the basecamp for the biggest trade route of the region. The Gwadar Master Plan 2019, as such, will help Pakistan turn this dream into a reality.
Currently, projects worth billions of USDs are underway in Gwadar. Not surprisingly, many countries have already queued-up to claim their share.
How do you plan to take advantage of this economic transition?
Need some specialist insight for deciding where to invest in the port city?
Read on below, and get all the information that you’ve been missing.
Parties are ‘rushing in’ to invest: a Gwadar Master Plan 2019 update
The Chinese firm engaged for preparing Gwadar Master Plan 2019 has submitted its final draft. The federal government’s approval is now awaited. Once sanctioned, the government will publicly share the plan’s details.
In the meanwhile, some ‘fake’ master plans are being circulated in the market, said Gwadar Property Advisor CEO Sheikh Tanveer Saigal. These aim to lure buyers and create artificial market hype.
Saigal warns investors against going after such baits. He doesn’t, however, negate the idea that putting money in Gwadar right now is a great option.
Will the Gwadar Master Plan release date usher a new economic age for the country?
Several grand infrastructural development projects in Gwadar currently await inauguration. Their launch will take place once the final master plan rolls out.
Initiating any project in the absence of a layout document can cause lapses in planning. And this is an especially concerning matter in the port city’s case. That is because all the facilities in Gwadar need to integrate – in order to truly make it a ‘smart’ transit point.
China is also aware of the benefits of a timely initiation of the projects planned for the city. This is why it wants the master plan approved as soon as possible.
According to news sources, inauguration of Gwadar International Airport is set for April this year. So it is only logical to assume that the city’s blueprint will be rolled out before its launch ceremony.
How is the market responding to these developments?
The last one month has been particularly good for the port city’s real estate market. Due to high demand, property rates in many and several housing schemes have gone up by 60%. This is the most notable spike noticed in property rates during the last one year.
Saigal revealed that investors from Pakistan are interested in buying open land. Overseas investors, however, are conscious about buying property without first visiting the site. So they are currently opting for plots in reputable housing schemes instead.
Real estate developers are on their toes to make an entry
Reportedly, reputable developers from Pakistan are keen to buy open land in Gwadar. They plan to launch their commercial & residential projects in the near future. Presently, Saigal is in touch with builders looking to construct high-rise buildings in the city.
Previously, the news about deals carried out for purchasing vast land acres spread like wildfire in Gwadar. This also increased property rates in adjoining mouzas. Saigal confirmed that the recent spike in rates is an indication of investors’ increased interest.
As soon as government shares the Gwadar Master Plan release date, property rates will rise. And this increment is projected to go much higher. Real estate developers, as such, wish to buy land before these changes take effect.
Where to invest in Gwadar?
A million dollar question!
In the new city plan, some mouzas may become more important than others. Overall, however, there will be a prominent rise in the value of all Gwadar property.
Here, we have specific investment advice for those eyeing a bigger piece of the pie.
The good news is that the Gwadar mouzas likely to remain important in the new master plan are easier to identify.
These include mouzas marked for major road avenues. The basic infrastructure for some of these roads is already in shape. Prominent examples include Marine Drive, Jinnah Avenue I, and the Makran Coastal Highway.
Due to their proximity to important planned developments, a few other mouzas are also worth noting too.
The following mouza list should help you decide where to invest in Gwadar right now. Needless to say, but all of these zones should be on your radar right now:
- Ankara Janobi
- Chatti Janobi
- Chatti Shumali
- Passo
- Guns
- Chib Kalmati
- Kia Kalat
- Darbela Shumali
- Zairat Machhi Sharqi
- Zairat Mahchi Gharbi
A look at property prices of open land in important mouzas of Gwadar
As mentioned earlier, property rates in some areas of Gwadar have gone up by 60% in the last few months. The Gwadar Master Plan release date announcement will escalate property rates further. So if you are interesting in investing in Gwadar, now is the time to do so!
The rates table below includes the ‘per acre’ price range of land in the above-mentioned mouzas. The variation, as you can see, is stark.
The lower figures are for chunks of land located away from connecting roads. The higher prices, on the other hand, are for open land in prime city locations.
Mouzas | Price range per acre (in PKR) |
Ankara Janobi | 7,000,000 – 65,000,000 |
Chatti Janobi | 1,200,000 – 5,000,000 |
Chatti Shumali | 600,000 – 2,200,000 |
Passo | 600,000 – 2,000,000 |
Guns | 600,000 – 2,000,000 |
Chib Kalmati | 1,500,000 – 6,000,000 |
Kia Kalat | 600,000 – 4,000,000 |
Darbela Shumali | 600,000 – 3,500,000 |
Zairat Machhi Sharqi | 600,000 – 2,000,000 |
Zairat Mahchi Gharbi | 600,000 – 2,000,000 |
So this is the latest we had to share from Gwadar for now.
For more updates, stay tuned to Zameen Blog. If you have any query for us, please let us know by leaving a comment below.
You can get in touch with Gwadar Property Advisor CEO Sheikh Tanveer Saigal for additional consultation. Give him a call at +92-322-277-6813.