Why Investing On Sohna Road Is Beneficial? – Adarsh Singh Rawat – Medium

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Why Investing On Sohna Road Is Beneficial – Adarsh Singh Rawat – Medium


Introduction

Sohna: Popularly known as ‘south Gurugram’, Sohna has emerged as a favourable affordable destination in the city, due to its proximity to various business centres and industrial clusters. Backed by well-planned infrastructure, Sohna witnessed healthy real estate activity since January 2017, with a new supply of nearly 4,600 units.

One of the key highlights of Sohna Road is its proximity to offices and entertainment hubs and the fact that it has a large number of ready-to-move-in housing units. It is 28 km from the airport, 17 km from the railway station, and 12 km from NH-248A. Also, Sohna Road enjoys unimpeded proximity to popular regions of Netaji Subhash Marg and Golf Course Extension Road.

PropTOQ Realty Index — Sohna Road / South of Gurgaon

The locality is witnessing an increase in population in recent years, owing to its proximity to various company offices, schools and other social amenities

Currently there are 21 Developers in this locality offering 24 marketable residential projects till date. Where as talking about quarterly supply and sales unit, in quarter 3’ 18–19 no new residential projects were launched; however 570 units are sold till date. It doesn’t mean that there is no new property option available in this locality. Today there are about 6825 homes option are available for the homebuyers and investors.

In last 1 year about 60.9% of 2 BHKs and 17.5% of 3 BHKs are sold. Maximum number of properties sold here ranges between Rs.20- 30 Lac.

Current Price Trends

The price ranges between Rs.2425 — Rs.8500 per square feet, however the average price in market is Rs.4029 per square feet. The major sellable property in last 1 year was 550–600 square feet.

If we look in the price trend from last 10 years then there is a downfall of about 9% in the price range

Projects Launched

Some of the hot residential projects available here are:

· Aqua Front Towers by Central Park

· The Serenas by Signature Global

· Nature Plus by Godrej Properties

Reasons to Invest

Sohna Road has emerged as a very convenient neighbourhood considering the easy living conditions and many job opportunities that it provides its residents with. Although the price rates have been seen to be decreasing in the present scenario, the increasing demand of properties in Sohna Road will soon cause property rates to rise. So, investing in Sohna Road will prove to be quite lucrative. The presence of commercial hubs in and around the locality, make Sohna Road a preferred working as well as residential destination of NCR.



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