Gwadar Real Estate Market has seen a boom in the last couple of years in the context of linked benefits with China Pakistan Economic Corridor (CPEC). Earlier this year, it was announced that Gwadar Master Plan will be launched somewhere in August 2018. Now we are close to enter the mentioned time frame and most likely Gwadar Master Plan will be unveiled on 14th August. Even though it has not been confirmed yet by Gwadar Development Authority (GDA), but 14th August date would be preferred for its symbolic perception. Why there is a need of new (revised) master plan in Gwadar and how it will impact the local real estate market is worth discussing as it has turned out to be biggest investment hub in the country.
About Gwadar Master Plan (Revised)
Gwadar has its own master plan but it has not been revised as per modern needs and contemporary standards. The city will be transformed as Smart Modern Port City so the new master plan was evident. The revised Gwadar Master Plan is being developed with the collaboration of Chinese consultants. The new Master Plan will be designed on the basis of sustainable approach for ensuring standard public amenities, modern infrastructure changes, smooth and solid transportation along with an ideal divide between residential, commercial and industrial sector. As a master planned port city Gwadar’s strategic location is quite significant for the game changer China Pakistan Economic Corridor (CPEC) route. READ MORE
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