Sohna Road is set to turn into a hub for commercial, residential, institutional, and industrial projects because of its strategic location.
With excellent connectivity like Golf Course Extension Road, NH-8, forthcoming expressways like Southern Peripheral Road (SPR), Northern Peripheral Road (NPR or Dwarka Expressway), and Western Peripheral Expressway, also called Kundli-Manesar-Palwal (KMP) Expressway, the residential market along Sohna Road has benefited greatly.
This rapidly developing residential hub is today among the prime residential locations in the Gurugram market. What makes this location an ideal destination for residential investment is its excellent connectivity with the emerging commercial hubs along Golf Course Extension Road and NH-8.
The new master plan envisions the area connecting to New Gurugram through SPR and NPR, which are also emerging as prime residential and commercial destinations of Gurgaon.
Navin Raheja, CMD of Raheja Developers, said that the emerging residential sectors along Sohna Road, also known as South Gurugram or Greater Gurugram, have become prominent locations for both low- and mid-income group homebuyers in the Delhi NCR.
WHY SOHNA ROAD
Aman Agarwal, director of KV Developers, said: “There is a large inflow of working population into Gurugram every year, which translates into strong demand for housing in the peripheral areas. This is a major reason for the huge rush by homebuyers to Sohna, which is so well connected to Gurugram and Manesar.”
R C Gupta, MD of RSP Group, says: “Sohna has a strategic location. It is accessible from all major cities of the Delhi NCR, which will further improve with 2-3 expressways in various stages of execution. Rapid urbanization and incessant migration of workforce from surrounding states have created tremendous demand for the area.”
Innumerable residential, retail, and commercial projects have sprung up along Sohna Road.
Top-notch players like Raheja Developers, Supertech Ltd, Vatika, IREO, Gold Souk, Avalon, Central Park, Tata Housing, Godrej Properties, MVL, Universal, ILD, Paras, and Homestead have launched highly regarded projects in this lush suburban locality.
There are fine residential projects catering to luxury, mid-segment, and affordable categories here. Property rates – Rs 4,000 per sq ft to Rs 5,500 per sq ft – here are much lower than those along MG Road, Golf Course, and Golf Course Extension Road. Investors on a long-term investment horizon will find Sohna Road ideal for their purpose.
The road has plenty of operational malls like Omaxe, Ninex, and Galleria, and civic amenities like hospitals, hotels, and schools are in place. Most of the residential projects along the road have been delivered. Top firms like Cognizant, TNS Global, Software One, Huawei, Pfizer, Atos, and Rockwell Automation have leased large offices here, which will boost housing demand further.
Kushagr Ansal, president of Credai Haryana and director of Ansal Housing, says: “Sohna Road boasts unmatched connectivity, which plays very well on other related factors. Civic infrastructure is good with many educational institutions, health centres, retail and entertainment zones, hospitality properties and business hubs. With this belt coming directly on the 1,485km-long DMIC, it is sure to see upward demand soon.”
Source : TOI