Why is buying property in Gwadar a lucrative investment?
Gwadar, the capital of Gwadar District, is a small city by the Arabian Sea in Balochistan province in Pakistan. The city serves as a major seaport and is located southwest of Pakistan's largest city and financial capital Karachi.
An investment in Pakistan property is a great way to add to your portfolio, but when it comes to Property in Gwadar, the question is: "Is now the right time?" With economic growth, population increase, and tourism on the rise, there are many factors that suggest property in Gwadar could be a good place for real estate investors.
Gwadar has a lot going for it in terms of location and potential. The city sits on one of the most important sea lanes in the region. In recent years, Gwadar has been transformed into a bustling modern city with the construction of numerous roads, parks, educational institutions, and health facilities while all-weather ports have also been developed to boost economic activity in the region. Here are a few incentives for why you should be buying property in Gwadar.
Strategic location
The strategic location of Gwadar makes it a highly lucrative investment. The port is located in the south-western tip of Pakistan at the mouth of the Persian Gulf/Arabian Sea, and near to Strait of Hormuz.
It is Pakistan's largest deep-sea port and serves as a major hub for trade with China and the Middle East. The Port Authority provides all necessary facilities for loading and unloading, storage, transshipment, and transfer of containers/dockage facilities through its modern equipment such as cranes, forklifts.
Safe and secure investment
Since its initiation, the security of Gwadar has been the topmost priority of the Government of Pakistan and the Pak Army. Several steps have been taken to make Gwadar more secure for investors.
In 2016 a Special Security Division was assigned with the security of individuals working under CPEC. SSD comprised 9000 soldiers of the Pakistan Army and 6000 paramilitaries who were assigned the duty of protecting the region. So, these initiatives make property in Gwadar a safe and secure investment.
Millions of job opportunities
Most Real Estate experts suggest investing in property with an expected high job concentration. The opportunities in any given region are directly proportional to the price of the property. As per the Gwadar Smart City Master Plan, 1.2 million job opportunities will be provided in the smart port city. This huge influx of expatriate professionals in Gwadar is likely to increase property prices in Gwadar. Such a massive number of people will require a place to live, so the property in Gwadar will be in demand.
Endless business prospects
Gwadar when fully operational will be the hub of activities from recreating and entertainment to hospitality and transformation. The influx of activities will create a plethora of business prospects for investors. This makes buying property in Gwadar a highly lucrative investment for businessmen, contractors, and real estate investors.
To wrap things up you should be buying property in Gwadar now as the rates are likely to increase in the near future! Are you looking for suitable societies to invest in Gwadar?
Gwadar Central is a one-of-a-kind project situated just 800 meters from Jinnah Avenue (300 Feet Wide Road), which is the main commercial boulevard and hub of Gwadar. It’s a housing project approved by the Gwadar Development Authority (GDA). The Gwadar Central is located in the “Category A” of the Gwadar Master Plan which ensures preferential development and is an indication of the premium real estate in the city.
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