Makran Coastal Highway – Major Role Player in Gwadar Real Estate
Dubbed as National Highway (NH) 10, Makran Coastal Highway (MCH) is that main road which gives access to Balochistan via Karachi. It stretches 653 kilometers all the way to Iran’s border from its zero point on National Highway 25, commonly known as Pasni Road.
How Makran Coastal Highway Impacts on Real Estate Market of Gwadar
At the moment, Gwadar Port is linked with the Makran Coastal Highway via Sabzi Mandi Road, but the six-lane wide Eastbay Expressway will eventually be used as a main route for trade and transport of goods from the port city. The MCH divides Gwadar in two parts, from which the southern part considered more capable for investment at the moment.
Since MCH is proposed to connect with all (existing and upcoming) major road networks in the city, for last couple of months, it is taken as to be an estimation tool for gauging the potential of a real estate project. Now, developers of many housing societies boast about their proximity with this road, rather than the port.
Additionally MCH will also act as the main route for goods to head towards the north and west of Pakistan via other highways. It is important to mention here that some of the city’s most important developments, including the Gwadar International Airport, lie close to it. Looking at the fact that some of the city’s most popular real estate developments are located on this highway, we expect that MCH will maintain its position on top. The other reason why the MCH is expected to preserve this position is that its performance is higher than the second most popular locality of Gwadar; New Town. As mentioned earlier, the societies located along the MCH are of paramount importance, which is why search for plots located on Makran Coasal Highway will continue to get more traffic. According to May search statistics, the top five most popular localities listed under MCH were:
- Gwadar Golf City
- Naval Anchorage
- Kings Park Gwadar
- Canadian City
- Dubai City Gwadar
Future potential of Makran Coastal Highway
Numerous existing and proposed developments including the upcoming Gwadar International Airport, Gwadar Gymkhana Commercial Land, Oil City, Gwadar Industrial Estate and various resort towns are reliant on their connectivity with this highway. Moreover, goods trading from Gwadar Port to all over Pakistan and with Iran also will be routed through the Makran Coastal Highway. The road’s importance is also evident from the fact that while overall investment activity is currently low in Gwadar, yet the land facing major road avenues connecting with the MCH and that on MCH is still in demand.
Real estate experts believe that land sideways the MCH and projects located in close proximity to this highway will have a much higher market value in next three to five years, when various planned developments including the new Gwadar International Airport will be up and running.
Do you have an investment in one of the projects located on Makran Coastal Highway or are you looking to do so? Feel free to contact our realtor for further queries and for having more information. Keep Visiting Jaidad Group for further real estate news and updates.