Notwithstanding the severe jolt by Corona virus, realty in South of Gurgaon has all the potential to rebound.
South of Gurgaon over the last few years has emerged as a thriving hub for residential, retail and office realty.South of Gurgaon/Sohna Road has strong fundamentals. This strategic road has great locational advantage and superior connectivity It houses some of the best residential and commercial projects with MNCs as occupiers. There is ready office stock of 8 msf . The robust social infrastructure in the form of world class hospitals, hotels, schools and malls provides further impetus to it The ongoing six-laning of the road will provide a big boost to infra in the region
Says Pradeep Aggarwal, Founder Chairman, Signature Global and Chairman, National Council on Real Estate, Housing and Urban Development, ” Comparatively affordable property prices and rentals work in favour of South of Gurgaon . While neighbouring micro markets have maximised their growth potential, Sohna Road is yet to realize its full potential. As such, there is good potential for property appreciation.It is heartening that NHAI has restarted the work on six-laning of the road after Covid disruption. The construction work on stalled realty projects is also gradually starting. We have also got permission to resume construction on Signature Global Park 3, Sector 36 Sohna. All this will help Sohna Road realty to bounce back in next few months.