Awan NazarFebruary 7, 2018 at 9:39 pmPost count: 0
Sangar Housing Project Gwadar- Beautiful location in polluted free area, situated at Koh e Batel in the sea having height of about 266 feet.
There are very few places of land in the world that have such location likewise of Sangar Housing Project. This beautiful project was 1st launched with the idea of then DC Gwadar by Baluchistan Government in 1992 at the area of 1500 acres land. A consultant Group from Karachi was hired for it and development contract was awarded to SECO Company.
All area is divided into four phases, Phase one to four. Phase one to three are residential having facility of commercial area, school collage, park, mosque, play ground with all other facilities. There are plots having size of 400, 600 and 1000 sq/yds and also commercial plots of various sizes. In phase-4, there are commercial plots from 100 sq/yd to five acres. From 1992 to 2002 there were nominal charges. All development of all four phases is done till 1997 by SECO company.
After construction of Coastal Highway and Gwadar Deep Sea port many investors from all over the world invested in Gwadar as well as in Sangar Housing project, thus in 2005 prices rises 100 times. Thereafter in 2007 due to terrorism activities and bad law and order situation in all over Pakistan all Gwadar properties went cold storage and there was no buyer from 2008 to 2013 end.
PMLN took over the Govt. in 2013, they again started work on Gwadar development, It is mentioned here that Makran coastal highway and Gwadar Deep sea port both projects were initiated by the PMLN govt in their previous tenure, Good luck Pervaiz Musharaf started work on ready projects.
In 2014 after announcement of CPEC Gwadar again become attractive for the investors and by the mid of 2016 again prices reach at the level of 2005.And at the beginning of 2017 price at Sangar , Newtown , Marine Drive and Main Jinnah Avenue gone out of the reach of a common middle man investors. You may see the price range at sangar for 1000 sq/yd commercial plot are in the range of Rs 15000000/- to Rs 35000000/- and for residential it are about RS 4000000/- Rs 8000000 for different sizes of plot. Residential on the line of Sea view are double to it.
After success of Sangar Housing Project and demand from public Govt. of Baluchistan allocated 1000 acres more land to sangar Housing project. Plots having size of 600 sq/yds residential alloted to the locals. Such plots are still cheap being none develop and down area at the cost of Rs 2200000/- each in open market on re-sale.
It is expected that after fully operation of Gwadar seaport and Gwadar new airport in the beginning of 2019 prices will shoot up to ten times more than the present prices.
Usually peoples spread over the rumor that sangar will be given to china, it is nothing except to divert the peoples from Sangar being most attractive place and to divert them to cheap land far away from business point of view. I would like to mention here that in past Govt of Baluchistan cancelled the Sangar Housing project due to that, allottee went to the Baluchistan High Court. Court restores it. Therefore after decision of the court all kind of rumors have no weight.
Moreover Govt. of Pakistan already handed over 2500 acres land to china on lease, therefore creating such rumor is nothing except to giving loss to investors.Awan NazarDecember 23, 2017 at 4:06 pmPost count: 0
Gwadar real estate, that is slow since April this year is now moving up after laps of 20%. Hopefully it will recover soon.Awan NazarDecember 23, 2017 at 3:56 pmPost count: 0
hi testing postAwan NazarDecember 23, 2017 at 3:56 pmPost count: 0
hiGohar KhanNovember 10, 2017 at 10:56 pmPost count: 0
There no ban over GIDA plots transfer recently i visited Gwadar and developmental work of this project is better then any other project in Gwadar.Awan NazarNovember 10, 2017 at 8:13 amPost count: 0
Due to political reason in pakistan. property of Gwadar is slow and it remain till situation is over.KhalidOctober 31, 2017 at 4:30 pmPost count: 0
What about industrial estate. no signs of improvement, ban on the transfer of the plots. any update on GIEDA. The market is becoming too slow. i was very much sure that the last quarter of this year shall be the days of great out put from real estate but it is still not showing up.Awan NazarOctober 27, 2017 at 1:21 pmPost count: 0
Now a days Gwadar real estate business is becoming stable and started up trend after touching its power end, By the end of November there will be hike in prices in all sectors.