Post-Covid focus on peripheral areas of cities turns the spotlight on Sohna



In the post- pandemic property scenario home buyers have become increasingly conscious about  their safety and wellness. In view of this  buying criteria ,fringe areas of cities have become their preferred choice and Sohna in NCR has emerged as their favourite destination.

 

According to a recent report by Anarock Properties, an analysis of the new  home launches during FY 2021 shows that home buyers are moving to the peripheries , preferring  to buy homes in gated communities.  As per the report, as many as 67% of new launches  in FY 21 were in fringe areas like Sohna , Sohna Road, Greater Noida West  and Yamuna Expressway in the NCR. This was a significant jump over FY 19 when the share of new properties was 49%.In FY 21, as many as 19090 housing units were launched in the  NCR whereas in FY 2019, a total of 29500 housing units were launched.The report attributes this trend to the growing demand for homes in green and serene areas on the outskirts of cities. Lying on the foothills of Aravalis with huge  green  spaces, Sohna has emerged as the most sought after area. Especially as it offers luxurious and spacious  independent  floors in gated communities like Signature Global Park.  

Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman Assocham National Council on Real Estate, Housing & Urban Development, ” Sohna has come up as a most popular housing destination in the NCR not just because of the affordable lifestyle homes that it offers , but also because of the rapid strides it made on the connectivity front. Besides its connectivity to NH 8 through a fast coming up 6- lane eway,  it has an all-important node to upcoming Delhi-Mumbai Expressway. The Haryana Orbit Rail Corridor between Palwal and Sonepat  , passing through Sohna , is set to give a major connectivity boost to Sohna which has seen 12% appreciation in property prices over last few years. And with key Delhi- Mumbai Expressway and 6-lane Sohna Eway expected to be completed in a year’s time, Sohna’s attractiveness as a real estate investment destination will further go up”.

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