Gwadar has become the most eventful real estate sector in Pakistan after the announcement of China-Pakistan Economic Corridor. All the investors, real estate agents and general public are rushing towards this market and want to generate some wonderful profits out of it. To describe what are the facts and the ambiguities, we took the decision to tell you some realities about Gwadar. The following lines will help you to reach at the right decision.
The fact is that although there are some decent projects in this area, but there are some sharks as well where you can have to face great losses so you must be careful while investing. Following points are also important before taking any decision so keep you updated about these points.
The investment in Gwadar is really attractive due to prices which have been set by the residential and commercial projects. Most of the time, these prices are not reliable and if there is a major difference in prices of established and new projects but mostly, these prices are describing the fraud so you must be aware about the actual prices and for that, you must try to contact with those government organizations which give the authority to new developments.
While studying the last point, you will learn that research is the most important thing while investing in any real estate especially in Gwadar. Gwadar Development Authority (GDA) is the most reliable place which gives the authority to new developments or cancels the license due to any reason. It also tells you whether the development exists on earth or not.
Provisional Registration Form is another authentic document which should be with you while you are purchasing. These forms can be downloaded from GDA’s official website and after completing that, you will have the proof of that particular development or project.
Most of the investors want to invest remotely through the real estate agents. It is not suitable and if you want to invest in Gwadar, you must visit this wonderful land first.
If you find that the land which you have acquired is already sold, you must consult with the Gwadar Development Authority as they also help to recover your money if you have done it. GDA has all the information about all the developments and tackle fraud issues with great skills and experience.