Consultancy and Observer Expert Reports

COMPLETE INFORMATION ABOUT GWADAR PRIVATE HOUSING SCHEME WITH LATEST NEWS UPDATES AND DEVELOPMENT RELATED TO PARTICULAR HOUSING SCHEME IN GWADAR
© by: Gwadar Private Scheme Information Center™

links: Gwadar Private Schemes approved by G.D.A. Read Complete information before investment related to All Gwadar Private Schemes which have NOC by Gwadar Development Authority or ask us for latest updates related to development work and the expected date and year of the completion of the project. We will help you to give you correct information.
Creek City, New World City, Golden Palm, GDA Housing Scheme No.5, Gwadar Royal Garden, Green Palms, Platinum City, Globiz Avenue, West Bay, Globiz Avenue Phase-II, White Pearl City, Jinnah City , Hermain City, Model Town Gwadar , Madina City , Inara City, Koh-I-Noor Savanah, West Bay Town, Blue Ocean Residency , Ocean City Gwadar, Bin Qasim City, Gwadar, Broadway Residencia, Free Port Housing Scheme No.01, Kamayab City, GDA Bolan City, Canadian City, Jamal City , Golden Lake Avenue , Gwadar City Gwadar, New World City Phase-2, Platinum Sea View , Rabi City Gwadar, Creek City Phase-II, Globel Village Gwadar, Pasni Prime View, Shams Developer, Pearl Builder, Al-Shams Developer, China Village Gwadar, Florida city Gwadar, Globiz Phase-IV, Dismount Residency, King City, S.N. Sahil, Royal Garden Ph II, Sara-i-Noor, Broad Way City, Grace City, Zero Point Residency, Gilan Residency, Rado City Gwadar, Rabia city, Meer Gurab, Sharjah Center, Falcon Homes, Sahil City, Crown city,Marine City, Noor Marwah, Al-Rahim City, Liberty Town, Gwadar Sea View, Gulberg city, Sun Silver City, Northern Alliance Parcs, Indus City Gwadar, Miami Villas, Coast Way Residency, Gold Reep City, Twin Bay City, Makkah City, Zer Industrial, GDA Industrial Scheme No.3, Industrial and Cargo Village, Kalmat Industrial zone, Habitan Shelter, Gwadar Industrial Scheme, Dubai City, Indus Free Zone, New Dubai Heaven Avenue, Exchange city, Gwadar Creek Arena, Prince City, Dream City Gwadar, Muscat Center, Subzimandi, Finance Trade and Business Avenue, China Commercial Complex, Al-Noor Cargo City, China Village Jinnah Avenue, Marjan Beach Resort, Breeze Way, Golden Sands, Oasis Resort Gwadar, Burhan Hotel, Burhan Shopping Mall, Sur Creek Hotel, G.D.A VIP Apartment No. 1, G.D.A Bolan Complex, Taloo Trade Towers, Asia Heights, Gwadar Gymkhana, Taheri Plaza, Gwadar City Center, Burj-al-Gwadar, Gwadar Tower.

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  1. Real estate in Gwadar — a fortune or waste?
    Since the idea of developing a deep-sea port at Gwadar surfaced, people from across the country and even abroad started to hallucinate goldmines in place of deserted landscapes in this coastal town of restive Balochistan. The time was right and property dealers – not public – have cashed in on the opportunity.

    Where the excessive projection of Gwadar as a future counterweight to the resort city of Dubai played its part in attracting people, it were the future prospects of a duty-free port that is mostly being used by estate agents.

    “The day Gwadar port starts functioning, prices of land (in Gwadar) will increase by 40-50 per cent,” was how a dealer of one of those estate agencies, which have sprouted up in the last two to three years, convinced people into buying corner side or road-facing plots.

    These property dealers are not interested in telling their customers about the sources of water, power and gas for the schemes they offer and if someone argues, they ease the apprehension fabricating different stories.

    An estate agent earnestly told this scribe that water will come from Mirani Dam, which actually is designed to irrigate agricultural land alongside Dasht River. Property dealers do not disclose that Gwadar Development Authority (GDA) has bound builders to install desalination plants with their respective projects.

    GDA has decided in principle that water needs of the city will be fulfilled through desalinated seawater. Work on a proposed desalination plant, being set up by GDA, is yet to start. The colourful catalogues of numerous residential and commercial schemes carry little or no reference to desalination.

    Similarly, there is no clear explanation on how the future electricity needs of the city would be fulfilled.

    Even without any development, the prices of empty landscapes vary from plot to plot. For instance, a plot facing a ‘proposed garden’ costs 5 to 10 per cent extra. Similarly, if a 400 sq yd piece of land on commercial scheme is facing a 220 feet wide road, it will cost 10 per cent more than the regular price while the one looking onto the coastal highway is costlier by 20 per cent.

    Excluding the roads and highways to be built by the government, private sector is yet to start work on infrastructure in a big way, making the speculative investment all the more risky.

    Interestingly, only a few schemes, out of total 79 given NOCs by GDA, are selling developed housing units with facilities while the rest are selling vacant plots.

    But, Ather Mahmood, Managing Director of a housing company, defended the excessive projection of Gwadar’s real estate saying it took seven to eight years for some of the most sought-after residential areas in the country to develop whereas the first scheme in Gwadar is almost complete in just two-three years.

    He said GDA takes an undertaking from the builders to install desalination plants and captive power plants before issuing NOC. The builders and developers also have to pledge 30 per cent of the property to GDA, which Ather believes will ensure completion of all the projects.

    “Real estate prices have increased during the last few years. So, who would not want to earn a little more from the 30 per cent property.”

    Playing down the threat of insurgency and riots, Amir Samsaam, a property dealer, acknowledged that it is important to investigate why builders are not carrying out physical development of their projects being aggressively marketed?

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