Sohna is popularly known as South of Gurgaon, situated near the foothills of serene Aravalli Hills. Nestled in the lap of mother nature, it is one of the greenest areas in the NCR region, and strategically placed just 15 minutes away from Millennium City. Away from the hustle and bustle of the city, South of Gurgaon is among the top 15 realty hotspots in Delhi-NCR and is the most affordable real estate micro-market in Gurugram.
Sohna micro-market has tremendous potential for investment due to its strategic location, well-connected through Sohna-Gurgaon Road, Kundli-Manesar-Palwal Expressway and proximity to the office hub near Golf Course Extension Road and Southern Peripheral Road.
Sohna-Gurgaon Road, the lifeline of this developing region, is well developed and maintained with a silk-smooth 8-lane highway, which connects Golf Course Extension Road, NH-8 and major city spots like Subhash Chowk, Hero Honda Chowk and Rajeev Chowk. This micro-market provides excellent road connectivity too which is on par with any developed area of Gurgaon.
Social and Civic Infrastructure
The south of Gurgaon area is in developing stage and is blessed with a rich social and civic infrastructure, developed to answer the demands of the millennial population. The micro-market has a splendid presence of global standard educational institutes, colleges, schools and universities. Kumar Mangalam University, G.D Goenka School, Delhi Public School, St. Xavier’s High School, and Ryan International are some posh educational institutions that dot this area. Various hospitals like Park Hospital, Artemis Hospital, Medanta, etc and retail outlets such as Big Bazaar, Shoppers Stop, Ocus Quantum Mall and many more are present in its vicinity.
Trust of Developers and Investors
In the last 3-4 years, south of Gurgaon has witnessed an unprecedented surge in demand for residential and commercial properties. Growing demand has piqued the interests of A-listed real estate developers and investors such as Godrej Properties, Raheja Developers, Signature Global, Tata Housing, and Supertech Developers who are keen on tapping this realty market.
Enormous demand for residential and commercial properties in this micro-market has led to high appreciation on investment and it has become a haven for affordable to mid-segment housing properties.
Almost 11 big developers have come together for the development of this micro-market with the support of local government. Undoubtedly, the trust of developers and investors in the South of Gurgaon locality development has boosted the confidence of homebuyers who are looking for affordable housing and long-term real estate investment in Gurugram.
Source: Square Yards Research
According to Square Yards Research Data, residential property rates at present hovers around INR 3,840 – INR 5,619 per sq. ft and the average price stands at INR 4,590 per sq. ft. As per market price analysis study, South of Gurgaon realty market is among the most attractive value market for home buyers and investors alike.
Properties accessible here are almost half the prevailing prices in central Gurugram where property prices hover around INR 10,000 – INR 12,000 per sq. ft.
As per Square Yards Research data repository, around 72% of residential projects is into affordable and mid-segment ticket sizes. Cumulatively, the ticket size of INR 40 – 80 Lac command about 51% of the residential properties in this micro-market.
Scope of Growth
The upcoming infrastructure around the South of Gurgaon will unlock the hidden potential value of the micro-market. The proposed 5-km long elevated corridor from Subhash Chowk to Sohna-Gurgaon Road after Badshahpur Village will further ignite the scope of capital value appreciation. Elevated corridor development will further reduce the time travel between the South of Gurgaon and Millennium City.
The proposed extension of Delhi Metro’s Yellow Line from HUDA City Centre towards Sohna-Gurgaon Road will open a new door of mobility and opportunities.
The proposed development of the integrated Industrial Model Township (IMT), Sohna, will also boost the industrial development of the region. The IMT-Sohna will be developed across 1,292 acres of land, span around the north of Kundli-Manesar-Palwal (KMP) Expressway, under the Public-Private Partnership (PPP) policy of the State government is another major development that will auger well for the development of the region.