Gwadar New Master Plan & International Airport – Latest Update
In December 2016, Gwadar Development Authority (GDA) announced that Gwadar Master Plan is needed to be improved. In order to upgrade the infrastructure as per new Master Plan of port city, major development works paused and GDA stopped issuing NOC for further residential & commercial projects. In wait of new master plan of Gwadar, development activities of all private residential projects are yet on halt& all involved and concerned bodies are suffering this delay. Here is a good news for all those waiting for the New Master Plan of Gwadar& launch of Gwadar International Airport.
GwadarNew Master Plan Launching Soon – Latest Update
As per recently published news of a national newspaper, the draft design of New Gwadar Master Plan has finally been accomplished. Moreover, it is reported that new master plan is going to be approved & launched within couple of months.
GwadarInternational Airport – Latest Update
The launch of Gwadar International Airport was expected by the end of last year, however that plan didn’t worked out and delayedbecause of changes in the airport’s funding structure. As a result, the project was transferred between different departments of the Chinese government.
Now the paperwork of project is being finalized and on request of Pakistan, China has assured the early initiation of work on Gwadar International Airportas well as East Bay Expressway.
GwadarMaster Plan Launch & International Airport – Impacts on Real Estate Market of Gwadar
Both Gwadar Master Plan and Gwadar International Airport are due for inauguration around the same time.Though above mentioned updates are quite noteworthy but so far the details in hand don’t provide sufficient clarity to guess how these developments will affect private housing schemes of Gwadar.
After barring some more delay of two months, everything will become transparent and GDA will start issuing NOCs again. This will help out private housing schemes for initiating development work & that will once again boost investor confidence in Gwadar. For past one year’s uncertainties, interest in Gwadar reached its lowest peak but that’s surely going to change now and we will see a great surge in real estate activities there.
Keep visiting Jaidad Group for further real estate news and updates.