Gwadar port is all set to become one of the largest port cities of the world. Progress and Development of China Pakistan Economic Corridor (CPEC) will open new doors of development and fortune 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 growths.
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.
- Raw Land
In a country with a comparatively short coast, Gwadar was always going to be an important site for Pakistan after its acquisition from Omani rule. In terms of its location it is the largest coastal city in the south west of the country, in close proximity to the Iranian border. Apart from the apparent location of Karachi the government also makes extensive use of Port Muhammad bin Qasim but the addition of Gwadar signifies a dynamic step for the nation’s economy in terms of sea trade.
China’s role in Gwadar’s Port & City Development
China is apprehensive, the development of the region forms a vital part of their future economic plans – the Chinese government is comprehensively invested in the development of Gwadar as the link between the $62 billion China-Pakistan Economic Corridor (CPEC) and $5 trillion Belt and Road Initiative (BRI). Trade and industry between the two countries is key to the development of the city – together they make a significant co-operation, one that has massively amplified the value of Gwadar property in few years.