Recently Gwadar Industrial Estate Development Authority (GIEDA) issued a notification for the area allottees. Gwadar New Master Plan has brought a development escalation to the Port City and activities have been started on multiple sites of Gwadar. GIEDA is known for its high investment returns and it seems area authorities are keen to develop the realm as early as possible.
Notification for GIEDA Industrial and Commercial Allottees
Couple of days before, Managing Director of GIEDA has issued a notification for GIEDA Industrial and Commercial allottees. Notification informs all GIEDA industrial and commercial land owners to immediately start building boundary walls of their properties and complete it within two months.
This GIEDA notification also asks the allottees to clear all due payments. Moreover it is informed the allottees to write the Managing Director for the required facilities of water, electricity, gas and telephone supplies within 15 days. So that the authority may further approach the relevant departments for the provision of asked amenities.
In case of non-obedience or delay the owners will be responsible for the consequences in cancellation of properties.
GIEDA Development Update
GIEDA is the most lucrative realm in Gwadar and bigger size commercial and industrial properties make it the most attractive area of the port city. Since it is been informed to the allottess here to start construction of boundary walls and writing for the required facilities, it’s a clear indication of upcoming wave of development in GIEDA.
Right now rates of properties in GIEDA are reasonable, but later when the area will be fully developed and equipped of all facilities, properties here won’t be available in such affordable rates. Buying in GIEDA right now can prove to be a life changing decision. We are here to guide you investing safe and right.
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