White Pearl City Gwadar
White Pearl City is a premium housing project that falls in Master Plan A category of Gwadar Development Authority (GDA). Conveniently located at the intersection of Balochistan Broadway, Mand Avenue and Jiwani Avenue, White Pearl City Gwadar is a genuine housing project that was established vide NOC # 11/04/HS/GDA, dated 26/10/04. The same may also be verified from GDA website: http://www.gda.gov.pk/pages/gdaoffers.html.
White Pearl City is not a new project; first phase of the project was launched back in 2004. Ali Raza, the owner of White Pearl City alongside two other partners, is known among the pioneers of Gwadar.
In our last visit to Gwadar made only a few weeks back, we carried out detailed study of Master Plan A projects in Gwadar, such as White Pearl City by New Era Developers and Golden Palms, a project of Sadruddin Hashwani, who also hails from Baluchistan province. We also met several local chiefs of Old Town Gwadar as well as Interior Minister Sarfraz Bugti during our visit. Ali Raza also took us to GDA office where we had an exhaustive session of questions and answers for the GDA staff. We found the GDA employees to be quite cooperative. The transfer procedures and method of determining GDA-approved housing schemes was also relatively easy. It was also in GDA's office that we got the official link from GDA's website that shows an updated list of housing schemes approved by GDA as well as their current NOC statuses.
Surprisingly, the road network of more than 10 major avenues and highways is already taking you to the doorsteps of any major Master Plan A project.
In the case of White Pearl City, there is an added attraction of the broadest commercial front that exceeds an area of more than 12 acres. In the future, the Baluchistan Broadway, a 300-500 ft wide road network that runs through White Pearl City is expected to line up some of the leading commercial brands, hotels, shopping malls and cinemas.
The absence of road is biggest obstacle in the development of any housing project. However, projects in Master Plan A don't face this problem. GDA, the body which regulates development in residential zone of Gwadar along the West Bay, is a government body that will also provide water till the society doorstep according to Master Plan A. Societies are, however, required to install their own water desalination and treatment plants. In case of White Pearl City, Ali Raza explained that White Pearl City is planning to strike a deal with Turkish vendor for these facilities.
GDA also prohibits housing projects from spilling even a single drop of waste into the open sea. Learning from its fault in Karachi, this is very suitable requirement that will ensure a clean, hygienic and green lifestyle in Gwadar.
If you have any questions relating to residential housing projects in Gwadar, you should simply call or better visit the GDA office in Gwadar. The staff is very friendly, and you will normally be entertained the moment you walk into their office unless it's an exceptionally busy day or the person who deals with your specific issue isn't immediately available or is busy with other clients. In most cases though, you will find your queries resolved within 30 minutes of your time.
If you are worried about the safety of your investment in Gwadar, then it is even more strongly recommended to pay a visit to GDA office. Inquire about the transfer procedures and find out how GDA protects investors from scams.
Generally, they will guide you to inquire about any specific housing project, for instance Golden Palms or White Pearl City Gwadar. GDA will provide you the exact status of the project, including name of owner(s) and status of NOC.
GDA has stopped issuing new NOCs. Further, it is also sending notices to project owners with valid NOCs to finish the development of their projects by the earliest. GDA establishes a hassle-free way of ensuring development by bounding project owners to apprise GDA prior to making any payments to project developers. In this way, GDA can verify if the said developments are actually taking place for which the payment is being disbursed.
NOC - White Pearl City Gwadar |
Further, project owners have also pledged 30% of their project land to GDA. This land will only be released once the project owners complete the development and other requirements of GDA.
Another advantage of investing in a GDA-approved housing project is that the complete transfer takes place in GDA office. Within a week of making a down-payment, you are issued a letter of acknowledgement from GDA office along with three copies of plot allotment form: GDA copy, Office copy and Client copy. At the time of full payment, plot will be transferred to owner's name from GDA's office. This procedure may be verified from GDA's office.
In simple words, GDA is responsible for issuing the plots. This makes your investment totally safe. You don't have to worry about issues, such as land-grabbing or disputes, as you get a plot with complete plot and street number shown on a map.
In terms of NOCs of different housing projects, they may be ascertained from the official GDA website link given above. You will note three different types of NOCs:
i. NOC conditionally restored: housing projects' NOCs have been conditionally restored by GDA but may be expired if development does not finish as projected by the said society
ii. NOC expired: housing project is genuine but NOC is expired due to non-development. Once the development work begins, NOC will be conditionally restored by GDA.
iii. NOC suspended: this is highlighted in red blinking font on the government page. You should stay away from these projects as their is high chance of some land dispute or other serious problem that has led to suspension of NOC.
By looking at a project's NOC, you can also determine if it's a Master Plan A or B project. NOC of a Master Plan B project, such as Green Palms by Rafi Group will end in "B." Master Plan B projects aren't scheduled for completion in next 15 to 20 years. Further, there is no existing road network leading to these projects. These are long-term investments that may take quite a while to reach maturity stage. Given that there are numerous more attractive options in Master Plan A projects where existing road networks already exist and infrastructure is ready to be deployed, there is really no sense in ending up with a B project, such as Green Palms.
The benefit of investing in a Master Plan A project, such as White Pearl City is the additional value you get for the same or slightly higher price range than a B category project. A Master Plan A project falls within 25 km of Gwadar Zero Point. Road network to the project already exists. Development work can be started today.
Location is a very important factor as all the major attractions of Gwadar in the next 25 years will be lined within the 25km range from Zero Point. A housing project like White Pearl City is located at a walking distance from the 60-acre site allocated for diplomatic enclave. It is almost 5 kilometers way from New Town where the current prices of 1 kanal commercial plot exceeds Rs 30 million. Now imagine, once development work finishes in White Pearl City, what will be the price of commercials in White Pearl City along Baluchistan Broadway?
Timing will be of utmost essence to benefit from this exceptional opportunity. Where others are focusing on expensive advertising campaigns, White Pearl City is proving its worth by adopting the highest standards of development and construction, which will be visible to clients in a month's period.
Today, White Pearl City has announced the soft launch of second phase of plot booking. A cluster of 500 plots is available for sale in this housing project. 240 sq yd, 1 kanal and 2 kanal plots are available along with plot and street numbers on full payment basis as well as easy installment plans.
If you notice, this is a big plus of White Pearl City. A housing project that only features 10-marla, kanal and 2 kanal plots offers a premium lifestyle right in the heart of Gwadar. Further, GDA requires project owners to leave 50ft gap on Balochistan Broadway and 30ft gap on Mand Avenue, also leading to more space for vegetation and green area.
Here is the revised payment schedule of White Pearl City for new plot bookings in December 2016:
Updated: December 2016 |
New Investment Opportunities in Gwadar
If you've missed our post on new investment opportunities in Gwadar, we recommend you to check it out. But here, we'll just add a quick list of reasons why this is the best time to invest in Gwadar:
- Gwadar is the intersection point of China-Pakistan Economic Corridor and China's Maritime Silk Route. Together, these two trade avenues will connect more than 60 countries of Asia, Africa and Europe.
- As much as $4 billion to $5 billion worth of CPEC-related investments are scheduled to take place in Gwadar and other parts of Balochistan. Compare this to only $230 million of investment in Gwadar's first phase of development from 2001 to 2007.
- In Gwadar city alone, mega development projects scheduled for completion over the next 2 to 3 years include Gwadar International Airport, 19-km East Bay Expressway to connect Gwadar Port to Makran Coastal Highway, installation of 300 MW coal fire plant, $100 million water treatment facility, a 300-bed hospital, a 100-acre roundabout with a revolving restaurant, Gwadar Primary School (completed) and many more.
- Here is exact status of development projects happening in Gwadar according to CPEC official website: CPECinfo.com
- Pakistan and China are setting up a joint naval base to beef up security of Gwadar. Further, local police, FC, Army, Navy and Coast Guard are jointly providing security to Gwadar city and the entire CPEC route in Baluchistan.
- More than 30 countries have expressed their eagerness to join CPEC.
These are very positive signals and in our view, genuine investment opportunities in Gwadar will give their return in gold. You may have heard people complaining how plots in Islamabad used to be so cheap. Well, history seems to be repeating itself. CDA issued plots in Islamabad at peanut rates then, and GDA is offering plots with full NOCs today that even small investors can afford. Now you have to make the leap.
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