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Sohna Road: Emerging Micro-Market in Delhi-NCR Set to Add 16,000+ Residential Units by 2027

11-04-2024 05:37 PM CET | Industry, Real Estate & Construction

Press release from: Luxury Residences

Sohna Road

Sohna Road

Real Estate News | Gurugram, Haryana: Haryana's Sohna has rapidly evolved into a significant micro-market in the National Capital Region (NCR), witnessing a remarkable surge in residential developments post-pandemic. Once a quieter town, Sohna has now become Gurugram's third-largest real estate market after Dwarka Expressway and New Gurgaon, driven by enhanced infrastructure and increased developer activity.

According to a report by Square Yards, Sohna's residential supply has surged, with the new inventory since 2020 surpassing the entire cumulative supply from the previous decade (2010-2020). Most of these units have an average age of less than four years, making Sohna one of NCR's most dynamic markets. The market primarily offers 2BHK units, which represent 65% of the supply, followed by 3BHK units at 26%.

This growth trend has led developers to focus on mid-to-high-end properties, with 34% of new residential units priced above ₹1 crore-more than double the 15% share in 2019. The region's residential pipeline remains robust, with over 16,000 units expected to be completed in the next three years.

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Strong Developer Presence and Rising Demand

Several prominent developers, including Signature Global, Ganga Realty, MVN Infrastructures, Central Park Group, Silverglades, and Ashiana, have secured land parcels and rolled out new projects. Signature Global, the leader in project launches in Sohna, has especially made an impact with its flagship project, Signature Global Park. Their recent launch, DAXIN, a premium mid-housing project near the Sohna Toll Plaza, promises an upscale lifestyle experience in a rapidly developing area. Spread over 125 acres, DAXIN offers luxurious low-rise floors with premium interiors and state-of-the-art amenities.

Rajat Likhyani, Principal Partner at Square Yards, noted that buyer interest is consistently strong across apartments, independent floors, and plots, with rising demand fueling property prices to double-digit growth. "This is just the beginning of Sohna's long-term growth narrative," he said, highlighting substantial opportunities for end-users, investors, and developers.

Affordability and Investor Interest Drive Demand

Affordability remains a key factor, with 23% of buyers seeking properties in the ₹1-2 crore range, and 6% opting for those above ₹2 crore. The report indicates steady property appreciation, with prices in Sohna nearly doubling since 2019. In 2024 alone, prices rose by 13%, with current rates ranging from ₹7,500 to ₹8,500 per sq. ft.

As Sohna continues to attract developers and homebuyers alike, it's clear that this emerging micro-market is positioning itself as a prime investment destination within NCR.

With the growth trajectory Sohna has demonstrated, experts see it as a high-potential destination not only for homebuyers seeking quality housing options but also for investors looking to capitalize on long-term appreciation. The strategic location along Sohna Road, improved connectivity, and upcoming infrastructure projects are contributing to its appeal, making it a central part of Gurugram's real estate landscape.

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Infrastructure and Connectivity: The Backbone of Sohna's Growth

Infrastructure improvements in Sohna are a major driver of this rapid expansion. The region has benefited from the upgraded Sohna Road, which now provides seamless connectivity to key locations in Gurugram and other NCR cities. The upcoming Delhi-Mumbai Expressway, once operational, is expected to further enhance access, reducing travel times and facilitating smoother commutes. Additionally, the proposed metro link from HUDA City Centre to Sohna will further integrate it into the NCR transport network, making it more attractive to residents and investors alike.

Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd, emphasized the region's potential, particularly in the context of new infrastructure. "Sohna is primed for growth, and as more infrastructure developments materialize, we expect demand to increase across all segments," he noted. Aggarwal pointed out that Signature Global's DAXIN project aligns with this vision, offering residents access to a rapidly evolving neighborhood with world-class facilities and spacious, low-rise homes.

A Balanced Mix of Affordability and Luxury

Sohna's unique position in NCR's real estate market stems from its ability to offer both affordability and luxury. While premium properties above ₹1 crore have doubled in presence since 2019, Sohna also caters to mid-segment buyers. The recent shift towards higher-end properties reflects the growing preference among urban buyers for homes with enhanced amenities and spacious layouts. This trend is particularly pronounced among younger professionals and families who prioritize both quality living and investment potential.

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The Square Yards report also notes that Sohna's affordability is a key factor behind the rising demand. With prices significantly lower than other parts of Gurugram, Sohna appeals to first-time homebuyers as well as seasoned investors. The strong pipeline of residential projects suggests that developers are actively working to meet this demand, creating a balanced market with options across budget ranges.

The Future Outlook: Sohna as a Real Estate Hotspot

Industry experts forecast that Sohna's growth is likely to continue as the market matures, attracting even more prominent developers and buyers. Square Yards highlighted the region's potential for double-digit price appreciation in the coming years, underpinned by robust demand and limited supply of newer properties. This positive outlook is expected to attract investors who seek sustained returns and a stable real estate environment.

As Sohna emerges as a real estate hotspot, its transformation signals a broader trend in NCR-an expansion of housing options to previously untapped areas. With a strong mix of affordability, luxury, and connectivity, Sohna's real estate market stands poised for growth, reinforcing its role as a new focal point for residential investment in NCR.

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For media inquiries, please contact:

Name - Pooja Gupta
Company name - Luxury Residences
Contact Number - +91 9899055893
Website - https://www.luxuryresidences.in/

Pooja Gupta - Luxury Residences Content Writer

I am Pooja Gupta, a dedicated content writer specializing in luxury residences. With a passion for storytelling and an eye for detail, I focus on crafting compelling narratives that highlight the elegance and exclusivity of high-end properties. My background in real estate allows me to translate intricate architectural features and lifestyle benefits into engaging content that resonates with discerning readers.

I take pride in bringing the unique stories of luxury residences to life, whether through property listings, blogs, or marketing materials. My goal is to create informative and persuasive content that captures the essence of each property.

When I'm not writing, you can find me exploring new design trends, attending art exhibitions, or discovering hidden gems in the world of luxury living. My commitment to excellence and passion for the industry drive me to deliver top-notch content that reflects the high standards of the luxury market.

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