New Investment Opportunities in Gwadar

Gwadar is all set to become Pakistan's first international port city. It is the culminating point of China-Pakistan Economic Corridor, first envisioned in 2014 by the premiers of the two neighboring countries that enjoy deep-rooted ties. A $54 billion package has been allocated for development of road, rail and oil network from Kashgar to Gwadar. Energy projects have also been lined up to resolve Pakistan's severe energy crisis.

The world has its eyes set on Gwadar. The present concept of Gwadar was first conceived by President Musharraf when he launched the first phase of the city's development in 2001. The development was completed in 2007 and the port became operational for first time in 2009. $230 million was invested on building the infrastructure of Gwadar then.

Shortage of funds, security threats and failure to hand over port land to Singapore Authority led to delays and problems in successful completion of the projects then.

Today, all that has changed. Only yesterday, Pakistan's premier Nawaz Sharif was expected to make another significant visit to Gwadar. The trip was later postponed due to unfavorable weather conditions.

Key Developments in Gwadar 2016-17

To beef up security, Pakistan and China have set up a joint naval base to protect Gwadar from external threats. Internal threats are being controlled through a vast network of security checkposts manned by personnel from FC, army, navy, coast guard and the local police.

Fund shortage was another reason the project was stalled in the first phase of development. China has provided Gwadar with a joint package of $4 billion to $5 billion in the form of soft loans and grants. China is investing heavily on Gwadar infrastructure. A 19-km East Bay Expressway that will connect Gwadar Port to Makran Coastal Highway is being built for more than $100 million. A 300-bed hospital will cater to the ailing. China is also developing the Gwadar International Airport for $230 million. A water treatment facility is also being installed for $100 million plus to provide fresh water to the inhabitants of Gwadar.

Gwadar Master Plan

Gwadar is being developed into a planned port city. A central Jinnah Avenue cuts Gwadar into the residential and industrial zones. On Gwadar's West Bay, residential zone is being established while industrial Gwadar will be housed in the East Bay.

To prevent commercial and port traffic from disrupting the residential lifestyle, the East Bay Expressway is being developed by China. The East Bay Expressway will run across industrial Gwadar onto Makran Coastal Highway.

Gwadar's West Bay is lined with residential projects. A network of more than 10 highways and avenues runs across the West Bay. Zero Point was inaugurated by President Musharraf as the benchmark from which Gwadar's residential development would take place. Accordingly, three master plans were devised for Gwadar, including Master Plan A, B and C.

Comparison of Master Plan A & B Projects Gwadar

Master Plan A projects, such as White Pearl City and Golden Palms fall within 25 km radius of Zero Point. Master Plan B projects, such as Green Palms Gwadar are located at a distance between 25km and 50 km from Zero Point. Master Plan C projects will be lined up beyond 50km radius.

In terms of development plans, GDA has already completed road development in Master Plan A land. After Singhaar and New Town which are fully developed projects in Gwadar, Master Plan A projects will be launched next. For this purpose, road development has been completed and water provision till doorstep of societies is also ensured by GDA.

Master Plan B projects are unlikely to be developed in next 15 to 20 years, so there's not much point in investing there. Further, the price difference at moment between Master Plan A and B projects is not too much.

Master Plan A projects have some of the best locations and are conveniently located near the coast line. White Pearl City, a master plan A project, is also lined with embassies and government buildings. Further, resorts, hi-rise towers and 5* hotels are also planned to be developed here.

White Pearl City is planned to be developed to the best industry standards. The development is scheduled to complete in 1 to 2 years time. In this regard, we had extensive meetings with the project owners and developers.

Another advantage of investing in a Master Plan A project, such as White Pearl City is that your investment is secured directly by Gwadar Development Authority, GDA, established in 2003, is the body responsible for development of residential Gwadar. Transfer takes place in a hassle-free manner from GDA office. Plot is issued directly by GDA. There is absolutely no need to worry about the safety of your investment.

GDA-approved housing projects, such as White Pearl City and Golden Palms have obtained their NOCs from GDA when these projects were first established. GDA website also publishes the updated statuses of NOCs of approved housing projects Here is a link to the web link: www.gda.gov.pk/pages/gdaoffers.html

NOC - White Pearl City

On this page, you will see three different types of housing projects according to NOC statuses:

• those with NOCs conditionally restored: housing projects are safe for investment. Still, you need to check the exact location of the project you're considering. Also, find out if there is "B" written at the end of the NOC, which indicates that it is a Master Plan B project. Again, no point in investing in a B project just yet
• those with NOCs expired: these housing projects are also safe for investment. However, they may have to meet some requirements of GDA, such as payment of annual fee or completion of development works to reinstate their NOCs.
• those with NOCs suspended: NOCs of these projects will be shown in blinking red color on the GDA webpage. These projects are not safe for investment. There may be issues with the project, such as counter claim on the ownership of project land as a result of which GDA has suspended the NOC. Stay away from such projects.

Another option exists to invest in open land that is unregulated by GDA. However, we don't encourage our investors to take such risks, because disputes have arisen on such lands in the past. Better safe than sorry!

You may not know that GDA has also pledged 30% of the land of projects that are approved by GDA. If the project owner fails to develop the project, GDA can take strict actions against the owners because 30% of the project land has already been pledged.

These are just some of the many reasons to consider investment opportunities, such as White Pearl City Gwadar. We only try to recommend the safest investment options, which are fully recognized by GDA and have valid NOC from GDA, and are likely to deliver the best returns on your investment in the near future.

New Plot Bookings in White Pearl City

White Pearl City is relaunching in the next couple of weeks. It is also getting a revised map due to the development of Baluchistan Broadway from the society land. Baluchistan Broadway has been completed by GDA and is the widest road of Gwadar. It runs through White Pearl City at the intersection of Baluchistan Broadway and Jiwani Avenue, where the front is as large as 500 ft. This is the site for leading commercials, shopping malls and hotels.

White Pearl City has a limited number of 240 sq yd, 500 sq yd and 1000 sq yd plots for sale. A premium society, it is conveniently located at only 7-8 kilometers from Jinnah Avenue and New Town and almost 1 km from the beach, diplomatic enclave and other government buildings along the coast of residential Gwadar.

Plots are available on full payment as well as easy installment plans.

Here is the revised schedule for White Pearl City, Gwadar. 10% discount available on making full plot payment. Remember, you can get plot transfer from GDA today if you make complete payment. On down payment, you still get a letter of acknowledgement from GDA, listing your plot and street number of the plots you purchase. Further, you also get a copy of allotment form from GDA. Two other copies of the same allotment form include GDA copy and our office copy.