Why invest in Sohna Road, Gurgaon?
The social infrastructure of Sohna Road has undergone a drastic transformation in the past few decades. Initially, Sohna was just another rural district in Haryana. However, the proximity of the locality to Gurgaon has helped it emerge it a well-accepted residential catchment. The State government has also shown keen interest in developing Sohna Road in the past and introduced multiple projects to improve its social infrastructure. Today, Sohna Road is a thriving real estate destination among buyers and investors alike.
Sohna has risen unwaveringly on the livability index in the last few years. The success of the locality can be attributed to several key parameters of the livability index, including the current and future access to other cities, availability of health and education services, proximity to development centres and the development of civic infrastructure. By 2031, around 6.4 lakh people are going to reside in South of Gurgaon. With the increase in population and led by multiple government initiatives, Sohna Road is expected to witness heightened demand for residential spaces in the times to come.
Today, Sohna road boasts of both affordable and big ticket residential developments. The region also houses prominent commercial and hospitality developments. As a result, it has emerged as a real estate hub, particularly for affordable and mid-segment homebuyers. Comprising ample residential supply in the form of group housing, builder floors and villas, Sohna Road is preferred by end-users and investors alike. Affordability as compared to the neighbouring micro-markets is one of the major factors behind the success of the locality. This lower entry point makes Sohna Road an attractive market for investors. According to a recent report, prices in this locality have appreciated in double digit since 2014, leaving behind Noida West, which is another major affordable housing in gurgaon. The cost of the majority of residential houses here varies between Rs 37-58 lakh for a 2 BHK and Rs 61-89 lakh for a 3 BHK unit. Though the majority of the projects in Sohna Road are under-construction now, the coming years will witness the delivery of many previously-launched units. The majority of these projects are group housing apartments.
The level of appreciation reported by the locality is an indication of the livability and affordability of the area. The connectivity of the region is also an important factor that has helped Sohna Road gain a competitive edge over other micro-markets in NCR. The locality is connected favourably to different primary employment locations, be it the service sector or manufacturing and development sites. The region is easily accessible from prominent business hubs of Gurgaon and Delhi. The Kundli-Manesar-Palwal (KMP) Expressway, the Southern Peripheral Road (SPR), and NH-48 are some of the arteries connecting Sohna Road to other real estate hubs, such as Golf Course Road and Golf Course Extension Road. The locality is nearly 27 km away from the Indira Gandhi International Airport and the nearest metro station is MG Road station, which is connected via e-rickshaws and feeder buses.
With so many factors in place, Sohna Road is indeed one of the best investment destinations in NCR and a place where people can immediately move in.
Source : 99 Acres