Realty Demand in Sohna Has Pushed Due To an Increase in Industry & Infrastructure
Sohna is now located in South Gurugram and has become an eminent micro-market in the Millennium City. The first stretch of the Gurgaon-Sohna Expressway (NH-248A) has become operationalized, and the commute time between Gurgaon and its southern suburb has come down to mere 15 minutes. It has become faster than it takes to travel within Gurugram. This is the reason Sohna has been seeing heightened demand for real estate.
As you know, Sohna is the entry point of the 1350-km-long Mumbai-Delhi Expressway. After the government’s other game-changing industry and infrastructure development like 1500 acres IMT (Industrial Model Township), Kundli-Manesar-Palwal (KMP) Expressway, freight corridor, Orbital Rail Corridor. Sohna has very close proximity to Jewar International Airport, and operational IGI airport among others making Sohna accessible to various economic hubs.
The industries have been pushed for several companies to set up units in the 1500 acres IMT, connecting Gurgaon-Alwar road and KMP Expressway. The government has developed more than 500 acres as an electronic manufacturing cluster in IMT. Sohna has been growing as a popular destination for warehousing and logistics. This is the reason real estate activities are emerging like never before. Several popular developers are undertaking a modern development that offers holistic living and lifestyle in the lap of nature. So, it has increased the demand for homes but also a consistent rise in habitation. The Sohna real estate has given significant growth since 2013 and it has also delivered over 30,000 units up to the third quarter of 2021, according to Anarock.
Sohna is developing faster than expected and the town possesses natural demand which will further growth in industries and jobs. The increase in demand is due to a reduction in travel time and a change in preference towards a good quality of life, living close to nature, and best-in-class amenities has lured the homebuyers, commented on the region, Amarjit Bakshim CMD, Central Park.
Central Park Flower Valley has been spread across approximately 250 acres and 350 plus families. All these numbers have been expected to swell further to over 1000 families as delivery in the group housing project is lined up. Central Park Flower Valley is a completely walled township with a vast swathe of green, a multi-tier security system, and operational amenities like a horse stable, basketball, and volleyball courts, indoor badminton courts, football ground indoor gymnasium, and many more. In fact, the company is going to launch luxury independent floors by the end of this month based on the concept of a fruit valley.
The Dausa stretch of the Mumbai-Delhi Expressway has become a major landmark in India’s infrastructural endeavors. It will reduce the commute time, offering easy access to economic hubs along the expressway and new developments in housing, office, warehousing, and logistics will completely change the socio-economic landscape of Sohna, said Arvind Rai, Director of Valuation Service, Colliers.
Gurgaon is witnessing the rise of air and noise pollution, traffic congestion, and higher commute time for work and entertainment. Residents are gradually moving away from the hustle and bustle of the city to a quieter and more serene location. So, this is the reason Sohna is the most sought-after destination that is replete with not just lifestyle-fused developments and adequate social infrastructure.
There are tons of ancillary industries and warehouses that are operating in the region currently. As IMT Sohna shapes up and industries move to this industrial town, the demand for real estate has seen a manifold rise. Property price in Central Park Flower Valley has seen a 2.5-4 time rise.
The connectivity has become a catalyst of this region and the upcoming Sohna-Dausa stretch of DMIC, Gurugram. The micro market has experienced multiple benefits. Sohna is the emerging realty hub in Gurugram which has improved the connectivity and transportation links to other cities. This has also encouraged businesses to set up offices and factories, said Pradeep Aggarwal, Founder & Chairman of Signature Global (India), Ltd.
Sohna has transformed with better connectivity and industrial activities, and more employment opportunities are being created.