Gwadar A Thriving Real Estate Pivot Of Asia.
Geo-strategic importance of Gwadar ensures its place on the global investments skyline. It is estimated that Gwadar seaport will contribute in the significant increase in GDP of Pakistan. Gwadar is the largest project with major real estate developments in the entire history of Pakistan.
The Gwadar port’s development is central to the China-Pakistan Economic Corridor (CPEC), a multi-billion dollar project aiming to facilitate trade and commute between Central Asia and the Middle East. Road network and infrastructure is being developed to connect Gwadar with rest of the commercial centers of the country and Government of Pakistan is taking very keen interest in its completion.
The Gwadar Development Authority (GDA) is the only regulatory authority in the city, which is committed to making Gwadar one of the most modern cities in the country. The authority regulates land use and issues no-objection certificates (NOCs) for the development projects. It also monitors all the projects until their completion. Gwadar Development Authority is very active in this regard and intends to get all the developmental work completed by 2020. The GDA website is displays a complete list of housing societies and projects having status of the no-objection certificates (NOC).
A future international city, Gwadar is going to be a thriving Real Estate pivot of Asia because of the Industrial, financial, and educational cooperation between Pakistan and China leading to better job opportunities and international labor migration. Gwadar is a pivot to the regional connectivity from China to central Asian countries for an increased trade activity. Enhanced security and stability and increased volume of trade and investment will lead to increase in the real estate development.