Sohna and Sohna Road in South of Gurgaon have notched up an impressive performance as as a numero uno micro real estate markets in the NCR.
In the recent years Sohna has emerged as a preferred micro market for both end users and investors. Enjoying excellent connectivity and having good infrastructure development, Sohna is a comparatively much affordable market compared to neighbourhood micro markets. According to a report by a leading real estate consultancy, Anarock, Sohna has pipped Greater Noida West in terms of performance Over the last seven years, residential market of Sohna has appreciated by 12% , compared to 11% in Greater Noida West. Property price in Sohna has appreciated from Rs 3648 psf to Rs 4070 psf whereas in Greater Noida home prices moved upwards from Rs 3050 psf to Rs 3370 psf. Sohna Road has beaten even Dwarka Eway and New Gurgaon with appreciation of 19% against 14% in Dwarka eway and 13% in New Gurgaon. Because of the high potential of Sohna market, several leading developers are today active there with a variety of projects, giving good options to home buyers and investors .
Says Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global and Chairman, Assocham National Council on Real Estate, Housing & Urban Development, “The advantage in Sohna is that the property buyers get an option of group housing, independent floors, villas at highly affordable price. There are many housing projects under Haryana Affordable Housing Policy. Under this lifestyle homes are available at an all-inclusive price of Rs 4000 psf with an interest subsidy of up to Rs 2.67 lakh. The advantage of much lower entry point, coupled with several big ticket development projects guarantee good prospects of real estate growth in general and property appreciation in particular.