It is important to distinguish between Gwadar Port and Gwadar City. They both complement each other. Their development and growth will be phased as demand and supply are aligned. Gwadar Port is already operational and will add berths as demand and volumes increase.
Gwadar historically was known as a fishing port similar to Dubai’s origins. The key advantage Gwadar enjoys is that it has a naturally deep sea adjoining the land which enables the super-size ships to berth as close to land as possible.
Given the unique availability of Gwadar’s natural deep sea port and the need of China and Pakistan to manufacture and export goods to the world in an efficient and effective manner all of the infrastructure being built in Gwadar and beyond is geared for development to culminate in Gwadar’s rapid development and growth.
The population has already grown from 80,000 to 150,000 in a number of years and set to grow to 300,000 by 2025 and 2 million by 2050
The Gwadar Development Authority Master Plan 2017 to 2050 has set out clear priorities for phased development. Housing societies have already been built in some areas closer to the bay and the smart city society developments have started to build their infrastructure such as tree lined roads, sewerage, street lighting, grass verges, footpaths, parks and open spaces, leisure sites, mosques and club houses.
Key developments such as the New Gwadar International Airport, a 300 MW power station and a high volume desalination plant are all important parts of development infrastructure.
There are multiple good reasons for investing in Gwadar Port and its Smart City. Which include;
Gwadar is destined to become one of the worlds great natural deep sea ports providing access to the Arabian Sea. It is a historic and important geo strategic development unrivalled in the world.
Its success is enhanced by being part of the China Pakistan Economic Corridor (CPEC) which will provide the infrastructure such as roads, rail, airport and power stations for trade and commerce to accelerate and grow.
China is the world’s largest manufacturer of goods and the world’s largest population and Pakistan’s own population is set to become the world’s third largest by 2050
This development has already resulted in a huge increase in Gwadar of jobs and the population has grown from 80,000 to 150,000. The Gwadar Development Authority Master Plan 2017 to 2050 has planned for the population to grow to 300,000 by 2025.
The designation of Gwadar as a Special Economic Zone offering tax free status to business investors for 23 years will increase the number of much needed jobs and drive the inward migration of the required skills and labour.
The anticipated completion of the new Gwadar International Airport in 2023 will further accelerate growth
Gwadar Smart City is also designed with all the learning taken from other great port cities around the world and planned in future growth and sustainability.
Demand for land, residential and commercial will outstrip the available supply of such. This will ensure investors secure high returns on their investments compared with similar projects around the world.
Real estate potential is the gap between a piece of land and the demand for that land given the realization of a growth vision. At the moment the potential for real estate is huge for a number of key factors.
All countries are showing an interest in Gwadar because of the huge potential and planned growth of the deep sea port and because of the flow of goods to and from the port which every country wishes to benefit from.
Gwadar is the highest priority project of the Pakistan government so accordingly has prioritized the safety and security of Gwadar Port and the new Gwadar smart city to a much higher standard than any other part of Pakistan. It benefits from a security perimeter fence and is a designated weapons free zone.
Broadway City is a modern icon of living spread over 165 acres of prime land located on the Central Boulevard, in the heart of Gwadar City Center. Its key advantages are;
As per the new by laws of Gwadar Development Authority (GDA) they will retain 30% of the housing societies stock of land to ensure that investors money is secure until such time the development is completed. This is linked to a schedule of works for the society that obliges Broadway City and all developers to ensure that progress is made in line with that agreed with the GDA.
Broadway City is one of the few societies that have been granted a Naya Pakistan scheme for part of its society thus providing additional certainty and confidence shown by the government.
In addition once a plot of land has been sold GDA will confirm within 45 days that the plot has been designated to the owner, thus providing further protection so plots cannot be transferred or sold to someone else or duplicated.
Milestone is the developer of BCG with a few generations of family who has successful experience of building, developing land and property sales. It has partnered with NK Corporation who have been active in land sales across Karachi and Baluchistan. Our International office headquartered in the UK is led by a former CEO of an award winning recruitment company who has carried out property development and investment in the UK and Pakistan, he is supported by a former assistant director of local government in local government.
Our services are available across 2 cities in Pakistan, namely Karachi & Hyderabad and will be expanding to Islamabad, Lahore and Peshawar. Overseas our international office is headquartered in the UK.
We list a range of plots of land;
To buy a property through Broadway City you need to follow the following steps:
It refers to the registering of documents relating to transfer, sale, lease or any other form of disposal of an immovable property. Registration is compulsory by law for all land and properties under the act of Gwadar Development Authority GDA. Once a property is registered lawfully, it means that the person in whose favor the property is registered, is the lawful owner of the premises and is fully responsible for it in all respects.
You can own as many plots of land as you wish as you want.
Power of Attorney allows a person to authorize another person the right to make decisions
There are two types of power of attorney. First, the 'General Power of Attorney' where a property owner confers 'general' rights. The rights include but are not limited to sell, lease, sub-lease etc. The second one is the 'Special Power of Attorney' where only a specific right is given by the owner to the chosen person.
No, the payment schedule is fixed for every buyer.
We have a dedicated customer care service team, which is available at your service six days a week from 10:00 am to 6.00 pm. Every call is recorded and logged in our database system for training and improvement purposes. All emails and other documentation is saved and is kept confidential according to international data protection laws.
You would receive a call back from us within 24 hours of placing your enquiry with us, provided you have posted your requirements between 10:00 am and 6.00 pm. Otherwise, we would be reaching you the next day.
Under the general permissions available, an overseas residents may purchase residential/commercial land and property in Pakistan out of funds remitted to Pakistan through normal banking channels and that your identity is verified.
Can I authorize someone else to register my property by granting him Power of Attorney?
Yes, you can execute Special Power Of Attorney to get your property registered by someone else.
You can validate the BCG status on official website of Gwadar Development Authority through below mention link quoting our NOC number : 47/06/HS/GDA
You can validate your plot status and also the payment status through the online portal of BCG. More importantly you can check with the GDA
Your purchased plot of land will be registered by the developer of Broadway City in the office of Gwadar Development Authority. After the registration you will get a notification on your provided cell number & email from the government office against the authenticity of your purchased property.