Sohna Road: A New Property Investment Destination in Gurgaon

A few years back Sohna Road was regarded as a sleepy, dusty and under developed town at the outskirts of Gurgaon, but within a short period of time, it has emerged as a one of the top destination for investment with a large number of residential projects are completed or nearing completion statge. Prior to 2004, people planning to invest in real estate market did not even consider Sohna Road as a potential option, but soon after realty players like Ashianan Homes, Omaxe Constructions Limited have started their projects here, the area is flooded with both the property seekers as well as investors.

Location and connectivity

The residents living in Sohna Road enjoy good connectivity to NH-8 and Rajiv Chowk. This locality is just 4 km from the KMP Highway. Other major roads like Golf Course Road and Golf Course Extension road can be easily connected from here. Faridabad can be accessed using Faridabad – Gurgaon road. Apart from that, one can get directly linked to areas like Manesar, Jaipur and Bhiwadi via NH – 8.

Infrastructure

Any locality is said to be complete only if the elements of social infrastructure that are required by the end users are available which include, good schools, hospitals, good roads and restaurants. Medanta Hospital, one the leading hospitals in India is positioned at Sector 39. When it comes to education, one can find GD Goenka Shool, Heritage School, Delhi Public School and Ryan International School in very close proximity.

In recent time, entertainment has become an integral part of any person, and when they look for apartments, they prefer areas where they can find good entertainment options and Sohna Road comes intact with that, such as, Galleria, Omaxe Celebrations, Omaxe Home to Home and Omaxe Plaza.

Real Estate

As per the Sohna Road master plan, 2031, it is assumed that about 6,110 hectares over 20 new sectors would be developed with a residential density of 300 people per hectare. Around 20% of the land is to be reserved for industrialization and 28% will be used for residential purpose.

Realizing the potential of this area, some of the leading realty players like Pareena Infra Pvt Ltd, Homestead Infrastructure Development Pvt Ltd, Ireo Developers, and Raheja Developers are coming up with good projects in this locality. This is the right time to invest in Sohna Road as in this areas around 30,000 new apartments are being constructed. Out of these 30,000 homes, 90% of them fall under group housing projects and the others under integrated township.

Prices Trends

The average price for apartment in Sohna Road is Rs. 7,700 per square feet. Plots are available for approximately between Rs. 70,000 – Rs. 80,000 per square yard (depending on the location). In the last one year, the prices have been stagnant and it is predicted that in the near future it may not appreciate much.

It is an emerging destination in Gurgaon and is currently in high demand and supply is also in abundance, hence Sohna Road is well suited for long-term investors as well as to end-users. Investment in plots in this locality will offer better price in the long run as they are not much expensive.

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