KARACHI: Good news has come out for investors in Gwadar, Gwadar Development Authority has lifted the ban on all types of construction and development works.
Gwadar Development Authority has lifted the ban on construction and a notification has been issued in this regard. The construction activities were banned for four years which caused problems for the investors. At the same time, the Gwadar Development Authority has restored the old NOC issued for construction and the GDA has issued a official notification.
According to the notification, there will be no restrictions on residential, commercial, industrial, recreational buildings, warehouse construction, construction was banned due to lack of Gwadar master plan. But after the approval of Gwadar Smart City Master Plan with the help of China, now the ban has been lifted.
Real estate businessmen in Gwadar say that there was stagnation in Gwadar’s real estate and property which will now be finished after construction activities are restored and Gwadar local population will get large number of jobs.