With growing popularity among mid-range and premium homebuyers, South of Gurugram (Sohna) has fast emerged as an emerging real estate hotspot. Improved infrastructure and connectivity have fuelled investment and home buying interest in the region. Rapid infrastructure development and expanding transport networks have made the area more accessible than ever. According to a 99acres report, property prices on Sohna Road have more than doubled, registering a whopping 151% growth in the last five years.
Properties sold at ₹15,600 per sq ft
According to the report of 99 acres, at present, property is being sold in Sohna at an average rate of ₹ 15,600 per square foot. The main reason for this is better connectivity, infrastructure development and increasing demand from homebuyers and investors. The report of Square Yards shows that many renowned developers including Signature Global, Central Park Group, Ashiana are preparing to launch large-scale projects in this area. It is estimated that about 16,000 new housing units will be launched here.
These things will boost employment and housing demand
Speaking on the growing interest in Sohna’s real estate market, Pradeep Aggarwal, Founder and Chairman, Signature Global (India) Limited, said, “Sohna’s real estate market has been growing tremendously in the last few years. Better infrastructure, good connectivity and the ever-increasing interest of homebuyers and investors are the main reasons for this. What makes this micro-market even more attractive is its strong growth potential, competitive pricing and proposed commercial hubs, which will boost both employment and housing demand in the coming times.”
Work is going on on these projects
The six-lane 21.65 km long Sohna Elevated Corridor, Delhi-Mumbai Industrial Corridor (DMIC), KMP Expressway and proposed metro line are connecting the region to major cities like Delhi, Jaipur and Mumbai. At the same time, the Southern Peripheral Road (SPR) connects Sohna Road to NH-8 and Dwarka Expressway, making access to major commercial centers and residential areas of Gurugram easier.
What is Sohna Master Plan 2031
Under the Sohna Master Plan 2031, about 255 hectares of land around the Eastern Peripheral Road has been marked for commercial development, further strengthening the investment prospects. Apart from this, Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has acquired 607 hectares of land near the KMP Expressway, where an industrial model township will be developed, which will make the area emerge even faster as a real estate and business hub.