Development Along Gurugram-Sohna Road Is Drawing Increased Attention Of End Users And Investors Alike. Ak Tiwary Writes
The Gurugram–Sohna Road is home to a slew of business centres and technology parks, many of which are home to offices of well-know MNCs.
It also has a well-developed infrastructure and good connectivity. This area of Gurugram-Sohna Road is home to several schools, offices, and medical facilities, with rental prices ranging from Rs 26,900 per month to Rs 71,500 per month, depending on the sub-locality and type of property. For homebuyers, property rates range from Rs 5,000 per square feet to Rs 11,100 per square feet.
Residential areas adjacent to SPR (Southern Peripheral Road) that directly connects to Gurugram-Sohna Road include Sectors 69, 70A, 71, 73, and some portions of 48, of Gurugram, are receiving good response for rental and outright sale.
Over 60,000 units are under construction in various sectors along this road. These are currently priced in the range of Rs 5,500 psf to Rs 9,500 psf, which is nearly 25-30% lesser than projects in Golf Course Road and Golf Course Extension Road.
Haryana government planned theme hubs like sports hub, leisure hub, along KMP Eway under the final development plan of Gurugram-Sohna stretch.
Further the 44km-long new green field link, connecting Delhi-Mumbai Expressway with the forthcoming Jewar airport via Ballabhgarh, will provide a considerable impetus to real estate in the south of Gurugram and New Gurugram.
Navin Raheja CMD of Raheja Developers says “Gurugram-Sohna Road which is well connected is constantly seeing new developments that add to the convenience of residents. The popularity of the area can also be attributed to its accessibility. The forth-coming link between the Jewar airport and the is the area’s, newest and most important connectivity component, which will boost real estate prices. Gurugram-Sohna Road will benefit immensely when the first phase of the Delhi Mumbai Eway opens in late 2021.”
Vijay Krishen Goel, MD of Navi Estates LLP says: “Sohna Road has emerged as a prime residential location in the Gurugram market. What makes this location an ideal destination for residential investment is its excellent connectivity with emerging commercial hubs like Golf Course Extension Road and NH-8.”
Amarjit Bakshi, CMD of Central Park, says: “Proximity to industrial and professional hubs, connectivity to Kundli-Manesar-Palwal Expressway and Delhi-Mumbai Expressway, planned and accessibility to education and health establishments have made Gurugram-Sohna Road a hub for real estate in New Gurugram. Central Park Flower Valley provides a perfect blend of metropolitan and greenery, thereby producing a dynamic and relaxing atmosphere for the residents here.”
Top-notch developers Like Tata Housing, Godrej Properties, Central Park, JMD, BPTP, Tulip Group, Bestech, Pyramid, and SS Group in areas along Gurugram-Sohna Road reflect the trends in the area’s real estate market.