Gwadar Master Plan Updates 2020

Gwadar Port City is all set to become the biggest trading hub of South Asia as finally, the Gwadar Master Plan has been unveiled. Soon, after its development, Gwadar Port City will become the biggest economic hub of South Asia. It is planned to be developed as a highly urbanized city with completely modern infrastructure and up-to-date facilities.

Here in this latest blog, we will discuss all the latest details of the Gwadar Master Plan in 2020 also including its features and expectations. So, let’s continue reading together!

Smartly Planned Developments in Gwadar

Gwadar Port City will be a tax-free city as well as a weapon-free city. It will be the most modern and high technology area of Pakistan.

A special man-made island is planned to be built in Gwadar. This construction of this island will cost $10 billion. The island will form the Central Business District, which is located on the Marine Drive, stretching towards Zero Point on the Coastal Highway

These Chand Taara Islands in Gwadar will host a culture museum and the state-of-the-art amusement park, and also a grand theatre. Moreover, multiple shopping malls, a concert hall, an international expo center, five-star hotels & resorts, and a waterfront walk and a shopping promenade are also planned in it.

According to the details of Gwadar’s Master Plan for smart city, there are some plans for science and technology parks, special venues for concerts, beach resorts, and exhibition centers, as well as modern shopping malls.

Expectations Based on Gwadar Master Plan

Once it is property develops, Gwadar port city will see a rising population of around 2 million residents. This will generate a need for more residential projects and housing schemes in Gwadar.

Due to the fabulous planning of the smart city, urbanization, increasing business and trading activities, as well as more employment opportunities, Gwadar will be a huge contributor is stabilizing Pakistan’s economy. We hope that the economy of Pakistan will rise to over $225 billion by 2050.

There is nothing wrong to say that the future of Gwadar is really promising. Some predictions along with the statistical data reveal that Gwadar will generate an income per capita of $15,000, which is 10 times more of Pakistan’s current average.

Following the details of the Master Plan, around 16,000 new houses will be needed by 2025. By 2030, the demand for new homes will be triple. Also, by 2050, the requirement for the residential units will increase to 250,000.

Properties for Sale and Real Estate Investment Opportunities in Gwadar

Gwadar port city is currently offering the best residential and commercial properties for sale in it. There is a number of attractive properties that are catching the attention of both buyers and investors. If you are also looking to buy the best properties for sale in Gwadar, check the average price details given below:

The average price of 5 Marla plot for sale in Gwadar is ranging from 14 lacs to 25 lacs. 10 Marla plots for sale will cost you around 20 lacs to 40 lacs. However, 1 Kanal plots are available at the cost of 55 lacs and onwards.

Different sizes of commercial plots are also available at the price starting from 25 lacs.

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For more details, contact Universal Property Network!