Sohna Emerging as Gurugram's Next Real Estate Frontier

Gurugram is Moving Southwards in Sohna:

The city of Gurugram, fuelled by massive economic growth and burgeoning real estate opportunities has undergone a southward shift in recent years. Sohna a separate Tehsil in the Gurugram district located in the south of the main city is amongst the top 3 emerging realty hubs. The other two being New Gurugram and Dwarka Expressway. Sohna which is situated on the slopes of the Aravalli hills is connected to main Gurugram through Sohna Road. 

Sohna emergence’s as the city’s new real estate frontier is driven by substantial infrastructure development, affordable pricing and enhanced connectivity. Delhi-Mumbai Expressway and Delhi Mumbai Industrial Corridor are key factors propelling Sohna's growth, as it has spurred its connectivity with major economic hubs in the country.  

Additionally, the Sohna-Dausa stretch of DMIC has reduced the commute time between Gurugram and Sohna to ~15 minutes.  This enhanced connectivity is driving residential, commercial and retail development in Sohna and its nearby region. 

In addition to this, various government backed projects like Industrial Model Township and Kundali-Manesar-Palwal (KMP) Expressway has solidified Sohna’s position as an economic, warehousing and manufacturing hub. Also, the region is easily accessible to Jewar International Airport and Indira Gandhi International Airport making it a prime destination for businesses. 

 

New Developments in Sohna: Townships, Gated Communities, and High-Rises:

Sohna’s residential real estate landscape has witnessed an unexceptional surge in demand for modern housing spaces. The region is emerging as a premium residential destination competing with markets like Dwarka Expressway and New Gurugram. 

While central Gurugram experiences high costs for luxury townships and gated communities, Sohna offers a perfect blend of affordability and improved liveability. The region offers mid to high-end housing ranging between INR 1-2 crore, with modern inventory and the latest amenities attracting many potential homebuyers. 

Sohna has also been considered as a lucrative investment destination which is further cemented by significant appreciation in property values. The asset value has almost doubled since 2019. Currently, the residential rates in Sohna scale between INR 7,500 – 8,500 PSF. As per media reports, the region is expected to deliver approximately 16,000 housing units in the span of next three years. Sohna is set to become the third largest real estate market in Gurugram, underscoring the region’s immense potential for residential investments. 

Major real estate developers, such as Signature Global, Central Park Group, Silverglades, Paras, Godrej and many more, are benefiting from the lucrative residential landscape. These developers are providing potential homebuyers with a bundle of options including townships, premium apartments, individual floors, plots, and high-rise options. 

For instance, Signature Global's DAXIN and Signature Global Park projects, are setting new benchmarks for top-notch amenities, modern offerings, and premium living experiences. In addition, Ganga Tathastu by Ganga Realty focuses heavily on sustainable designs further boosting the growth in Sonha. 

Affordable Real Estate: Sohna vs Main Gurugram

Sohna continues to gain popularity since its residential and commercial rates are more affordable as compared to the main Gurugram area.  As an alternative to Gurugram's expensive and constantly increasing real estate costs, Sohna offers affordable pricing with well-developed infrastructure and favourable location. As a result, the region has established itself as an appropriate choice for both commercial & housing projects drawing investor interest. 

Now, the question arises, how Sohna is gaining attraction when compared to Gurugram: 

ØResidential opportunities in Sohna are significantly cheaper as compared to Gurugram. Sohna's residential property costs average between INR 7,000- 8,500 PSF On the other hand, the average real estate cost in popular areas, such as DLF Phase 1-5 and Golf Course Road, varies between INR 14,000-35,0000 PSF. Hence, for those in the middle-income slab, Sohna becomes a prominent housing destination. 

ØIn top areas like Cyber City and Golf Course Road, commercial property in Gurugram costs between INR 23,000-26,000 PSF for businesses. Commercial spaces in Sohna, on the other hand, are significantly cheaper, ranging from INR 4,000-8,000 PSF. This difference in commercial property prices enables Sohna as an excellent location for startups, small businesses, regional offices, family offices and even major corporations. 

ØBy offering advantages including reductions in taxes, an easier approval process for developer, the Haryana government has actively promoted Sohna as an investment destination.  

 ØDominant real estate developers are capitalizing on Sohna’s competitive land prices and growth potential. The entry of renowned developers like Godrej, Central Park and Ireo further bolstered investor confidence, particularly among the middle class. Additionally, the entry of established players underlines region’s potential of long-term growth. This increased trust will further attract more investment and encourage other developers to enter the market solidifying Sohna's position as a thriving real estate hub.

 Feasibility Study and Market Research Insights Services for Developers 

 If you are looking for tailor made market research or feasibility study advisories than The India Watch can assist. We offer a wide range of research services in Indian real estate including market research studies, feasibility & viability studies, custom insights, etc. Our services can be availed by developers, investment houses, consultants, design advisories, etc. The scope of services can include the following though not completed related to them 

 

Market overview, sizing and insights

- Detailed location analysis (social, economic, logistics, infrastructure-based, etc.)

- Existing and future supply lines, market break-up, etc.

- Price and rental trends

- Growth drivers and challenges

- Future evolution of the market

- Insights on major competition and projects in the vicinity

- Customer assessment, needs and market gaps

- Major customer segments and cohorts 

- Marketing and sales channel strategy 

- Branding and positioning strategy 

- Financial planning, projections and ROI estimation

- Break even analysis, sensitivity analysis, financial recommendations, etc

- Growth roadmap and key success factors.

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