Gwadar real estate business on the rise

October 16, 2018: The real estate business in Gwadar is attracting investors from across the country as the city is being considered a business hub in near future soon after completion of China Pakistan Economic corridor (CPEC).

Deputy Director Gwadar Development Authority (GDA), Changez Baloch said that real estate prices had increased manifold during last few months.

He said that business situation in Gwadar is changing as many people are taking interest to invest in the city in hope of better returns due to sharp increase in the value of land.

He further said that the GDA was cooperating with investors and taking responsibility for providing municipal services in Gwadar City.

Ghulam Mustafa a real state owner in Gwadar said that the GDA is creating problem in issuing of NOC for real estate investors.

Over the last year, he said the real estate prices in the area immediately surged due to infrastructure development projects being carried out as part of the CPEC.

Sharing the details of problems being faced in the area, he said that the shortage of water creates hurdles for the real estate development in Gwadar.

(APP)