subject: Sohna Road Property: Perfect Choice For End-users [print this page] This is one of the highest rising stretches in the real estate sector in and across NCR. The place is promising as the citys next big spot for commercial and residential developments within few years, as some of the prime name in the real estate business have come up with their projects in this piece of Gurgaon.
Sohna Road has an excellent connectivity with NH-8, the Delhi airport and the Golf Course Road. The road itself will also turn into a state highway as per the new master plan. Then, this area holds the huge potential for healthy expansion in next to future. The master plan also shows a Southern Peripheral Road which will intersect Sohna Road near Vatika City (Sector 49) and the metro line that will run along Golf Course Extension Road and the Southern Peripheral Road, which once built, will reduce travel time to MG Road and Delhi.
With the increase in demand, the projects like Raheja Aranya City, Spaze privy & Vipul Tatvam Villas which were launched at the price range of Rs 2,800 per sq ft are now selling in the range of Rs 5,500 per sq ft.
The prices in this area are still reasonable if compared to other areas of Gurgaon. The property rates of this area have showed stable to positive values in rates and have witnessed an average hike of 20 per cent per annum over the last 2-3 years.
Sohna Road can therefore be looked as a good location for long term investors. With an investment period of 3-5 years, one can expect a minimum of 20-40 per cent returns on their investments.
There has been an increase in lateral hiring by corporates. With job scenario improving all over the country, people have more to spend. This has resulted in good investment opportunities, and investor sentiments in the affordable and mid-income segment of Gurgaon residential market have improved.
Residential property prices on the upcoming southern peripheral road connecting to National Highway 8 have seen considerable appreciation over the past few months. This location holds great investment potential thanks to enhanced connectivity that NH8 provides to Manesar and Dwarka. In particular, residential properties along the Dwarka Expressway have attracted interest from the mid-income buyer group. As prices soar in upcoming locations of Gurgaon such as Golf Course Extension, Sectors 70 and Sector 78, buyers have been looking at these alternate locations.
If we compare Sohna Road projects with areas such as Bhiwadi, Pataudi Road and Manesar, it is the safest investment among them, with a minimum 15-20 per cent return on investment potential.
