Once Gurgaon’s best-kept secret for budget housing, Sohna has emerged as a sought-after market for modern professionals. Its improved infrastructure and competitive pricing draw interest from professionals, particularly those in tech and marketing, who see Sohna as a viable alternative to higher-priced areas in the region.
Data from real estate consultant Square Yards indicates that Sohna’s housing supply has surged since 2020, exceeding the total from the previous decade. The report highlights that 2BHK apartments account for 65% of the new inventory, while 3BHK units represent 26%. Higher-priced properties, particularly those over ₹1 crore, now comprise 34% of the market, a notable jump from 15% in 2019.
Enhanced connectivity, fueled by the Sohna Highway and the Delhi-Mumbai Industrial Corridor (DMIC), has significantly boosted Sohna’s appeal. Ravi Kapoor, a software engineer, had been exploring housing options in Gurgaon’s prime areas for over a year but ultimately chose Sohna. “Sohna’s connectivity has improved tremendously, and with new infrastructure like DMIC and the highway, it’s a good deal for a salaried person like me and also a promising investment,” Kapoor said, sharing his decision to purchase a three-bedroom apartment within his budget.
Similarly, marketing professional Seema Rajput acknowledged that she previously viewed Sohna as a strictly affordable housing area, but a recent visit changed her perspective. “I visited the area and realised its potential. Connectivity improvements make it a viable option,” Rajput said after securing a 2BHK apartment in a Sohna project.
Developers are also shifting their focus towards Sohna, recognising its potential as a key real estate destination. Pradeep Aggarwal, founder and chairman of Signature Global, noted, “Sohna has emerged as one of the most sought-after real estate destinations for homebuyers and investors. The area is now conveniently connected to Gurgaon’s established Central Business Districts (CBDs) and other key locations, as well as to major national highway corridors like the Delhi-Mumbai route.”
Real estate developers, including Signature Global, Ganga Realty, Central Park Group, and Silverglades, plan to construct approximately 16,000 new housing units in Sohna over the next three years to meet the growing demand.
Rajat Likhyani, principal partner at Square Yards, commented on the rising property demand in the area, noting, “Property prices increased 13% in 2024 from the previous year,” with current prices between ₹7,500 and ₹8,500 per square foot.
Vikas Garg, joint managing director of Ganga Realty, emphasised Sohna’s increasing desirability: “Enhanced connectivity to Delhi Airport, central Gurgaon, and Delhi elevates its appeal, making daily commute and travel seamless. We anticipate prices to range from Rs 13,000 to Rs 14,000 per sqft.”
As Sohna transforms into a residential hub, professionals and developers are shaping its future- where enhanced connectivity and affordability come together to create Gurgaon’s next thriving community.
Read more through the links below to uncover the key trends and market leaders driving this growth:
The Times of India – https://bit.ly/4f9zoXz
The Economic Times – https://bit.ly/3NUw46S
Business News This Week – https://bit.ly/48xEDhg
The Realty Today – https://bit.ly/40qYWLv
Published Date: 3 Nov, 2024
