Why should I Invest in Gwadar?
Gwadar port is part of a multi billion dollar China-Pakistan Economic Corridor (CPEC) project, primarily funded by Chinese government. This port will provide unique access to global sea ports minimizing costs significantly for Chinese and Pakistani trade.
CPEC project and Gwadar hold critical significance for Chinese government in particular. This importance can be estimated based on the fact that China is one of the largest importer/exporter in the world and 40% of this import/export volume takes place through the strait of Malacca route which presents severe bottlenecks to China. CPEC as an alternate to this route will offer the following savings to China:
- Cost saving of $1450 on each container that is traded from the Middle East
- Cost saving of $1350 on each container that is traded from Europe
- Trade travel time to Europe reduction by 21 days
- Trade travel time to Middle East reduction by 21 to 24 days
- Total distance reduced by around 11,000 to 13,000 kilometers from Kashgar (Western China) to the Europe and Middle East trade destinations
As part of this multi-billion dollar multi-decade project, reaching its full bloom in 2050, the whole region is going to be transformed into one of the strategically most import deep sea port facing business hub. It is anticipated that as a conservative estimate, the properties in Gwadar are going to appreciate in value by 20X at a minimum by 2030.
Why is investing in Gwadar better from investing in any other project in Pakistan?
Gwadar, presents not only in Pakistan, but at a globally comparative scale one of the most lucrative property investment options. It is because, Gwadar is part of a multi-billion dollar multi-decade long China-Pakistan Economic Corridor (CPEC) project funded by the Global super power – China. The project has deep dividends for the Chinese and Pakistani government and the stakes have never been high to complete a project of this scale for both of the countries. The level of exposure, activity, development and boom this area is going to witness in the upcoming years will bring at a minimum 20X increase to the properties valuation by 2030. This is also linked with the completing functionality of the port along with the shift of trade to the new port.
Which is the best residential area to invest in Gwadar?
Singhar housing scheme and New Town housing scheme have the best strategic locations in Gwadar and both are government owned societies. Singhar housing scheme is situated right on the famous “Hammer Head” in Gwadar. This location is called Hammer head as it is an extended piece of land in the form of hammer into the sea and Singhar housing scheme is situated right on this hammer head. The New Town housing scheme faces Marine Drive towards the West Bay and also offers great strategic position.
In terms of private societies, Golden Palm, GDA phase 5 and Creek society are positioned well, fully registered with Gwadar Development Authority (GDA) and are expected to provide great returns on investment.
What is the best industrial area to invest in Gwadar?
Gwadar Industrial Estate Development Authority (GIEDA) is the best industrial area to invest into for both investment and industrial properties development purpose. GIEDA is classified as economic zone as well by Gwadar Development Authority (GDA) and is fully government owned. Currently the discussions are ongoing within government fraternities to define full Gwadar area as an economic zone.
There is one window operation available for the provision and availability of all services under one roof in GEIDA. This would mean that the industrial developers/investors will not have to knock ten different offices for the provision of services. Utilities are also provided at subsidized rates in the economic zone.
Currently there are two approved free economic zones in Gwadar as well:
- Gwadar port
- Airport road near Pakistan coast guard.
These two zones have import/export duties holidays for twenty-five years. Currently it is the fifth year of these holidays.
If I purchase residential land in Gwadar, how quickly I can get the possession and how quickly I am allowed to start construction?
After the approval of Gwadar City master plan, the bylaws for the Gwadar city construction and development are in the review and finalization phase. These bylaws are expected to be approved in the next 2-3 weeks after which the possession and development procedures will get clarified in detail.
In addition, currently New Town is the only society in Gwadar where the possession is available and the development is also allowed. However, please note that the development infrastructure in the society is not ready as yet.
Gwadar Sale/Purchase Process and Due Diligence
How do I make sure that the land/property I am buying is a genuine property and is from a legitimate party?
Any land to be bought in Gwadar should be verified from the Revenue department and the village officer (Patwari) should then confirm the legitimacy of the land you are buying. Without the village officer’s (Patwari’s) demarcation, you should not buy any land in Gwadar.
Please also make sure that you have gotten the official verification from the concerned society office in the case of any government or private housing scheme. This verification should include confirmation of whom the property was previously named on and who is the new owner of the property after the completion of property purchase.
How does OurGwadar.com help me to buy only genuine and legitimate properties?
OurGwadar.com is going to be covering the biggest gap in the Gwadar property sale/purchase market which revolves around originality, transparency and authenticity of the properties being sold and consequently bought.
The specialized team at OurGwadar.com consists of professionals working in Gwadar for more than last fifteen (15) years. Our advisory and business philosophy is centered purely around legitimacy, transparency and professionalism with “Customer benefit first” in every thing we undertake.
OurGwadar.com team will be responsible for the complete verification, transfer and possession handover of any property you buy through us.
What is the process to purchase and sell property/land in Gwadar?
In-case of open land in Gwadar, the revenue department ensures that the transfer of land is completed in favor of purchaser either by direct mutation (INTAQAL) or by registry transfer. In New Town society, there is a society office which ensures that the property is genuine and is transferred in the presence of seller. Similar pattern will be followed for other societies in Gwadar as well where the buyer and seller will have to be present in person to complete the possession hand-over process.
Which key documents I should check before buying any property in Gwadar? And how do I make sure that the documents are original and are verifiable?
The two most important offices to confirm authenticity of any documents before completing a property transaction in Gwadar are:
- Revenue office (Patwari)
- Society’s office (the relevant society office where you are doing the property sale/purchase)
While visiting these offices, you should keep in mind the documents to be verified include the ownership letter (issued by the revenue department or the concerned society’s office).
You should then ensure that the Village Officer (Patwari) confirms your land possession on the ground.
I am overseas and I want to buy property in Gwadar. How OurGwadar.com can help me buy property with full trust and peace of mind ?
We at ourgwadar.com can help you buy the property in Gwadar with verifiable record and with full trust and peace of mind. The property purchase can be initiated through NIC copy and three passport size photographs. But in order to collect the ownership document, the purchaser will have to present himself physically in the concerned office. But while selling, seller will have to present himself physically with the original NIC copy.
Are there any benefits and/or tax exemptions on buying properties in Gwadar?
Currently the exemptions available in Gwadar are in the Special Economic Zones in the form of subsidized utilities and import/export duties holidays.
What is the development strategy for the Gwadar smart port city?
The Gwadar smart port city’s development strategy revolves around a well-defined vision by the Gwadar Development Authority (GDA). This includes:
- Short term (by 2025): This goal involves around creating investment environment and attracting capital investment.
- Medium term (2026 – 2035): This phase is to focus on economic foundation consolidation and on promoting diversified development.
- Long term (2036- 2050): This will target the scale game. Will also include improving quality and projecting a dynamic image of the city.
What is the expected population forecast for Gwadar?
The Gwadar Development Authority (GDA) has predicted the population of Gwadar to increase to 300K, 600K and 2000K by 2025, 2035 and 2050 respectively.
What are the future business opportunities in Gwadar ?
Gwadar presents multi-billion dollar multi-dimensional opportunities in warehousing, import/export, logistics and supply chain industries to begin with over the course of upcoming decades.
It is important to keep in the mind the business case behind CPEC project which is linked with China potentially routing 40% of their overall trade through Gwadar port. This volume of trade, combined with overall global trade getting handled through Gwadar, presents enormous opportunities for businesses.
What is the comparison of Gwadar and Dubai port and which one is better?
Gwadar port, as part of CEPC project, is far more superior from Dubai in many ways. Some of the notable differences are:
- Gwadar port can easily handle the mother vessel up to 80,000 tons. This is due to Gwadar’s unique geo-location and proximity with the deep sea.
- Gwadar port is World’s second best deep sea port and Asia’s only deep sea port. This presents a direct and unique trade route directly into the deep sea.
- Gwadar port will remain functional throughout the year.
- There are many commute and overhead risks attached with strait of Hormuz, for the Dubai port. These risks are neutralized by Gwadar port.
- Gwadar presents much bigger potential business opportunities, than Dubai with very economical investment options.
- Afghan transit trade has already started through Gwadar port.
Infrastructure in Gwadar
What are the planned infrastructure projects in the region?
The large scale planned infrastructure projects in the region include Multan-sukkur Motorway, ML-1 railway upgrade project (http://cpec.gov.pk/project-details/30) and orange line project (http://cpec.gov.pk/project-details/46). These projects are expected to significantly up-lift the region’s preparation for the upcoming economic boom.
Following infrastructure projects have either been completed or are approaching completion in the immediate future:
- Port infrastructure
- Initial road structure in Gwadar City
- Linkage of CPEC with PORT via express way
- Water supply
- International Gwadar Airport (construction in progress) : 2022 is the target completion year for the airport. This will be the largest airport of Pakistan with 2 Runways and has capacity to handle A-380 aircraft.
- 350 MW coal power project (in progress) to be completed in 2022.
- Gwadar Industrial State
- Free zones
- Expo Center
- Pearl Continental Hotel
What is the downtown area size in Gwadar?
The downtown area size of the planned Gwadar smart port city is 12.30 square kilometers. It is owned by GDA itself.
What is Gwadar’s smart port city’s end vision?
The vision of Gwadar smart port city is to build the Information and Communication Technology infrastructure on high-speed internet (fibre optic based), big data, IoT, cloud computing and Artificial intelligence. The end goal is to be able to develop intelligent applications in urban management and public services.
What is the total size of land for planned development?
The planned urban development area in Gwadar is 352.92 /km2.
What is the size of total planned residential land development?
The size of residential land for planned development is around 103 km2.
What is the size of total planned industrial land development?
The industrial land size planned for development is around 65 km2 with free zone and GIEDA’s area around 13.19 km2.