Gwadar Industrial Estate (GIE) is a project by Gwadar Industrial Estate Development Authority (GIEDA), an autonomous body under the Government of Balochistan. Situated 40 kilometres from Gwadar on Makran Coastal Highway, GIE is 3,000 acres, divided into three phases of 1,000 acres each. There is going to be a direct railway link between GIE and Gwadar as well.
Each phase has been further divided into blocks; Block A, B, C, and D are a part of Phase I, Blocks F and G are a part of Phase II, and Blocks H and J are a part of Phase III. The GIEDA project has mostly industrial and commercial plots. The industrial plots are available in sizes of 1 acre, 2 acres, and 5 acres, while the commercial plots include 1,000 and 2,000 sq. yd. plots.
Market Situation in Gwadar Industrial Estate
Within Gwadar, GIE is one of the most popular projects, as is evidenced by Zameen Search Trends for plots in Gwadar. However, according to Estate Legends Director Sales Faraz Akbar, the real estate market throughout Pakistan has been generally slow and interest in Gwadar is particularly low currently.
Faraz stated that in the case of Gwadar, the elections have rather contributed towards the slowing down of the real estate market – or rather, like the rest of the country, the wave of optimism that has taken a hold of the rest of the country is yet to take over Gwadar. He explained that this is because of the caution being exercised by the investors of Gwadar in order to see how the new government is going to handle Gwadar and CPEC.
Faraz nevertheless felt that good things can be expected from Gwadar over the next two years. A lot of plans had been in place, however, the funds required for the development in Gwadar were not being released previously. Now funds will be released and development is going to proceed in earnest. In 2019, work is going to be done on the airport as well.
Meanwhile, the reallotment issues are another contributing factor for the sluggishness in GIE. Faraz said that this isn’t serious and would be resolved soon as the authorities are taking action on it. As soon as the Managing Director of GIEDA takes over, most of the issues will be resolved.
Prices in Gwadar Industrial Estate
Plot Price in PKR
Investment in Gwadar Industrial Estate
According to Faraz, investment in Phase III is the best option at the moment. He stated that the prices have decreased slightly in the past few month. The 1-acre plots in Phase III last year, when they were launched, were being sold around for PKR 2.5 million. Now, they are even below their launching price and being sold for PKR 2.2 million. There could be no better time to invest, he felt.
He was of the opinion that any such investment will have to be medium-term and you will have to wait around 12-18 months to expect decent returns.
Are you looking to invest in Gwadar Industrial Estate? Do you have any questions about it? You can talk to us in the comments section. You can also head to the Zameen Forum for a detailed conversation.