Sohna Road - An Upcoming Location in Gurugram
Located in the south of Gurugram, Sohna Road, which is now National Highway (NH) - 248A, is one of the thriving localities in the Delhi-NCR region. In the recent times, Sohna Road, which is also a part of the connectivity between Haryana and Rajasthan, has witnessed a plethora of high-profile industrial, residential and commercial projects. Since the road has been declared a national highway, work is in full throttle to convert it into a six-lane stretch from Rajiv Chowk to the Sohna bus stand. Out of the 23 km, slightly less than 10 km is an elevated stretch.
Sohna Road is a thriving locality dotted with a host of major commercial destinations such as SP Infocity, Spaze Tech Park and numerous other business hubs. Maruti is also planning to shift its plant to Sohna Road and is hence seeking around 1400 acres of land. Once actualized, the Maruti plant will give new growth trajectories to the entire region. Numerous reputed educational institutes such as J.D Goenka and Amity have set up their base in Sohna Road. Popular hotel brands such as Westin and Country Resorts are already there.
Numerous reputed developers such as Godrej, Ashiyana, Central Park and Supertech are coming up with large-scale projects in Sohna Road to capitalize on the current uptrend. As there are large parcels of land available, major developers will continue to gravitate towards Sohna Road. Its present status as a national highway and proximity to Mumbai-Delhi Industrial corridor will further pull big brands.
Double Digit ROI
Prices in Sohna Road have been stable in 2018. Average property prices have been in tune to around INR 4,500-5,000/sq. ft. However, with the unraveling of a host of infrastructure development in conjunction with new employment opportunities, property prices are expected to get a shot in the arm. It is expected that in 2019, property prices can rise to the tune of around 8-11%.