Reasons why the Property Prices in Gwadar are Increasing Steadily

In our previous blog we shared concise info about the future happening and development status of Gwadar real estate market, in addition to this today we will talk about investing in the rising real estate of Gwadar. Gwadar is appearing as the hub of real estate investment in Pakistan & there is no stopping it. Let us take a closer look at the realities on ground and the reasons for recent spike in the real estate market of Gwadar.

Reasons for Rise in Property Prices in Gwadar

• Tax Amnesty

• Government Resolve

• Fast Paced Development

• Killing Rumors

Tax Amnesty:   in 2016 the tax which was implemented by Government halted the growth of the entire real estate sector in Pakistan in this all scenario the investors were much cautious to jump in Gwadar real estate. The tax amnesty was announced by the Government was an obligatory assurance to investors so that they continue buying real estate in Gwadar. This was a point which gave confidence started building and the prices started to rise steadily.

Governments Resolve: The government resolve for a successful completion. when the project was launched, there was a lot of questions on the completion and validation were raised, however with the passage of time investors are now much more confident about Gwadar Real Estate.

Fast Paced Development: As the government has started fast paced development works all across the country on the CPEC route and definitely Gwadar also. This step of government has augmented the investors’ confidence in the entire project. A revised master plan is under process, port is operational and in near future you will get some positive updates regarding the new airport.

Killing Rumors: Couple of months back there were some rumors against some residential societies in Gwadar.  In this regard GDA took a stricter stance against those rumors. A nationwide campaign was launched targeting the negative rumors against those housing projects. Sanghar housing scheme was one of those housing projects. For the sake of killing those rumors against Sanghar housing scheme 3 major step were taken by GDA which are mentioned below.

• Starting of development work in Phase I

• Approval for the construction of a bridge from Marine drive directly to Sanghar housing scheme and releasing of finances for the said project.

• Rejecting rumors about the possible acquisition of Sanghar housing scheme by the port authorities

Gwadar As Winter Capital: Couples of day’s back The Chief Minister of Balochistan Mr. Nawab Sanaullah Khan Zehri had announced plans to restore the status of Gwadar as winter capital also he directed all provincial departments to establish their offices In Gwadar.

Green Palms Society: Some of us may not be in favor of this society, but no one can deny its success that has given hope to the other society developers. The 200% increase in the prices of raw land can be partially attributed to the success of Rafi group Green Palms society.

How Long Will It Last?

Let us tell you that there is a lot of room for the prices to go up. Sanghar Housing Society, New Town Phase 1, Airport Road Commercials & Marine Drive Commercials are the most sparkling societies. Here’s one thing you need to keep in mind is like every investment cycle, Gwadar real estate will have ups and downs, this is the first noticeable spike in the real estate of Gwadar since the start of CPEC and this may just be the beginning. The mentioned above areas are the only developed areas in the real estate sector of Gwadar. Because these are the only fully developed areas at the time in Gwadar also all residential and commercial both activities are bound to happen here.

Therefore it is believed that while investment bubbles in raw land or other non-developed areas may burst in near future, but these developed areas that are mentioned above will continue to see sustained genuine growth in near future.

We hope you enjoyed while you were reading this article and we are sure now you want to know the best areas to invest in Gwadar. Yes we will let you know the best choice for investment in Gwadar real estate but in our coming next blog. So keep visiting our Real Book at our website. We are Apex Group “Converting Dreams into Reality”