GWADAR CPEC CAN BOOST PAKISTAN’S REAL ESTATE

 

CPEC is the project that will be the leading factor in the development of Pakistan. Tasks under CPEC are expected to generate millions of jobs in different sectors in Pakistan by 2030. It is expected that real estate industry will experience a boom and there will be an increase of 4 times the present growth rate. Prices of residential and commercial properties will increase multiple times in the approaching years.

A unanimous opinion is made by the enterprise stakeholders that CPEC outcome will be a faster upward rise in the values of properties as well as movement arteries in the rural and suburban areas.  It is mainly authentic in case of Havelian that is the 2nd largest municipality of Abbottabad district. In Havelian dry port will be constructed for which huge FDI is mentioned for acquisition of both commercial and residential plots in adjacent regions. Houses that were considered to be worthless few years back are now worthy pieces since initiation of CPEC. We being experts of real property have estimated existing price of those economic belongings to be $300-$700 billion. Gwadar is the main city where many housing schemes as well as industrial buildings are under construction. End result is that prices of land have increased three folds. It is expected that port city will grow to be the best property investment destination in the region of Asia.

Multiple housing schemes have also been released by the Baluchistan authorities apart from those introduced by personal builders. These housing schemes come with cutting edge facilities and centers along with leisure projects for catering demands with changing conditions. These demands are mainly by the Chinese expatriates for well managed residential communities. Resultantly corresponding increase in both funding & improvement of the retail projects is also experienced. Developers & builders in Multan, Lahore and Faisalabad mention increased interest in residentially there. Their interest is because of counting on costs that will rise with introduction and accreditation of more and more tasks under CPEC.

CPEC driven commercial enterprise & funding has another road of improvements in the form of SEZS. There will be eight such zones with one zone in each province. One zone will be in AJK, one in GB, one in FATA and one is ICT. Area of such zones is yet to be finalized but provincial consultations are under progress. It is expected that these zones of SEZS will be industrial hubs pastime inside USA. As a result of CPEC employment rate will also increase. There will also be increase in production, transport facilities, residential schemes & commercial properties schemes for catering daily necessities.  Actual increase cannot be predicted but it is for sure that property prices are going to rise within these regions. As a result these are great places to make an investment for real estate.

CPEC will increase margins of profitability in the country with respect to real estate with a promising outcome.  The right thing is to be aware and know when and where to invest.

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