All that will influence you to consider interest in Gwadar Industrial Estate
Gwadar the 3rd port of the country after Karachi and Port Qasim, Gwadar holds a significant position regarding trade routes between central Asia to middle east Asia. It is located at the cross junction between the international trade routes. The development of Gwadar is a prime priority of both Baluchistan government and as well as central government. This article will try to give all possible information regarding Gwadar Industrial Estate.
In this scenario, Gwadar Industrial Estate holds a significant position in terms of the development of the Gwadar and acts as a lucrative region for an industrialist to come and invest in such a big project. This project said to be one of the prime development projects in the Gwadar because it is providing direct trade links with the port for the industrialist. According to some sources, this project is going to be a grand project which will help industrialist in the economic region of Gwadar. This project has set up under the supervision of Baluchistan government which is also the prime reason for the industrialist to invest in this project, for this purpose the government has started Gwadar Industrial Estate Development Authority (GIEDA) a regulatory body which will handle all tasks relating developing the industrial estate.
Gwadar Industrial Estate is a grand project that has been set up to attract different types of industries to invest and make better use of the route provided by the project. The major industries in Gwadar Industrial estate are as follow:
- Textile industry
- Leather industry
- Pharmaceutical industry
- Chemical industry
- Shipping industry
- Packaging industry
- Electrical Manufacturing industry
- Construction industry
- Hardware manufacturing industry
- Paper industry
- Plastic and Glass industry
In Real Estate business location is a key factor that has any kind of effect between the good projects and best projects. This factor also implies on Gwadar Industrial Estate as the project is in such a way that it acts a trade route between port and industries, it is located approximately 40km from the Gwadar and lies near the Makran Coastal highway.
A total of 3000 acres of land has been held in reserve for the project. The project has divided into three phases. Phase 1 has started in 2002 and had completed in 2006, offering Block A, B, C, and D. Phase 2 started in 2006-07 contains block F and G moving rapidly towards its completion. Recently Phase 3 has launched in 2017 containing block H and J.
This project is mostly based on industrial and commercial plots and the plot sizes are in different sizes from 1 acre to 5 acres and include commercial plots of different sizes.
Plot Size and Prices
The prices in Gwadar industrial estate are as follow:
Plot Size Price range in PKR
1 Acre 2.5 million to 5 million
2 Acre 4 million to 7 million
5 Acre 15 million to 25 million
Gwadar Industrial Estate is one of the best projects in the country. The project has been sold out and many industrialists all over the country have taken interest in the project but currently, the general market situation in the country is low due to the several political reasons and as well as due to the Ramazan. The projected demand for the project has been low and so as the prices are also down. There had been an issue of land transfer which has been solved swiftly due to the appropriate actions were taken by the supervisory authorities.
Interest of Buyer
There has been a huge interest from the investors in this project as the project is providing excellent opportunities for them to expand their market from the country to other parts of the world especially middle east. The project has been a huge success and the most important factor which made this project a huge success is immense interest taken by the government in its development. The government has provided electricity, roads and it will have a railway connection in future which will attract more buyers to invest in the project.
For new buyers and investors if they are looking to invest in this project they should invest in Phase 1 and 2 because of the availability of electricity and road network, whereas if the investors look for a long-term profit so Phase 3 will be the ideal place to invest.
In the end, Gwadar Industrial Estate is a big step towards prosperity in the Baluchistan region and with the establishment of CPEC route, it will be a next big thing in the south Asian region as it provides the best route of an industrialist to launch industries there and then expand their network to other countries.
Are you taking interest in Gwadar Industrial Estate? And if you are looking to invest and having some queries related the project. You can ask questions in the comment section or visit rightdeed.com for detail conversation