PROJECTIONS AND OWNERSHIP
Steady growth in value of land is projected over the foreseeable future as development of the city gains pace in accordance with the 2019 Gwadar Masterplan Over 700,000 professionals expected in Gwadar by 2030, leading to a increased housing demand which will drive prices up. Prices of approved residential construction land within the Phase One of Gwadar’s masterplan are expected to rise at a rapid rate in comparision to secondary phases on the masterplan.
5 YEAR GOLDEN LAKE ESTIMATED APPRECIATION
5 year projections for residential land with further development based on 125 SQ. YARDS within the Golden Lake development.
125 SQ. YARDS (5 MARLA) PLOT WITH CONSTRUCTION OF 3 BED VILLA
125 SQ. YARDS PLOT
(Based on approximate construction cost on 125 SQ. YDS.
ESTIMATED VALUE BY 2025
RETURN ON INVESTMENT
* Infrastructure costs : Rs.5000 / SQ. YRD
**The above calculation doesn’t take into account any rental income which could greatly impact the ROI. Projections are only for illustration purposes and are based on previous performance assessments. Like any investment, prices of properties can go down as well as up. Prices quoted below for September 2019. Converted from PKR to GBP.
GWADAR LAND PRICE COMPARISON MAP
WHAT YOU NEED TO KNOW BEFORE BUYING LAND IN GWADAR
PROTECTING YOUR INTEREST
WHO IS GDA?
Gwadar Development Authority (GDA) is committed to developing Gwadar town as one of the Modern cities of the Pakistan. As there is not a single piece of land owned by the Government, so Gwadar Development Authority is only a regulatory body responsible for all matters related to land.
Main functions of the GDA include regulation of Land use and implement plans drawn out in relation to development. GDA also Monitor public and private development schemes/project regularly till completion and provide the public facilities mentioned in the Master Plan.
In regards to a GDA approved housing scheme, Gwadar Development Authority is the guarantor in all aspects including protection of ownership and future development.
BUYING PLOTS WITHIN A DEVELOPMENT
Its important to consider the following when purchasing land from a development scheme;
The Housing scheme must have a valid NOC which can be verified from the official website of Gwadar Development Authority (GDA).
Confirming if it is in the limits of the new Masterplan 2019, which is prepared till 2050.
Consider location of the Housing Scheme and if it is connected to any one of the major roads of Gwadar.
We would advise purchase of land initially within phase 1 development zone of Gwadar
IDENTIFYING A GENUINE HOUSING SCHEME / DEVELOPER
The easiest way to identify a genuine housing scheme / developer (land ownership) is through the official website of Gwadar Development Authority (GDA). The Housing scheme must have a verifiable valid No Objection Certificate (NOC). Ensure that your purchase agreement is with the company mentioned on the NOC and you have confirmation of the exact plot of land you will be buying.
WHAT ARE DEVELOPMENT CHARGES?
Development charges are one-time fees imposed by lower and/or upper tier municipalities on land developers, home builders and institutions when they develop or build upon an area of land. The fees are intended to offset the cost of increased municipal services and infrastructure required due to population growth within the municipality, resulting from new development.
The municipality can use development charges to pay for ‘hard services’ such as water, waste management or roads, and ‘soft services’ such as recreation centres, libraries or parks.
The ongoing growth initiative for Gwadar by local and central government includes very low or no tax covering most aspects of property sale. Currently, no tax due on new allotment sales with a nominal fee applicable on resale which is yet to be announced.