Investment on Sohna Road

Q: What are the future prospects of buying a property on sohna road and nearby areas?

Ketan, Thane

24th January 2013

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Replies (6)

Sohna Road has consistently provided investors with fabulous returns right from the day it started getting developed. Starting from the JMD Garden right upto Vatika City and now the Bestech Park View Spa Next. The prices presently in completed & nearing completion projects are in the range of 7000-9000 per square feet.
Were you not comfortable in buying new Gurgaon because the prices are 5000 psqft and above and Dwarka E-way because the prices were 5500 psqft and above. Then what to say of Golf Course extension road which is being quoted at 8000 psqft and above.
So there are some upcoming residential project right on the Sohna Road, 7 kms from Sector 67/68 ( actually speaking 15 minutes drive from Rajiv Chowk) , opposite the Ascendas IT Sez ( spread over 10 acres construction in progress, would be a workplace catering to about 10 thousand employees).

Amar Pratap Singh,

2nd March 2013

Comment

Gurgaon-Sohna road is expected to be the upcoming hot destination for all kinds of development including commercial, residential and industrial development in Gurgaon. Being located close to industrial model township at Manesar, there are good growth opportunities for Sohna Road’s industrial and commercial sector. Connectivity to NH 8, Golf Course Extension Road and NCR, and being in the vicinity of Roz-Ka Meo industrial area, Delhi Airport and upcoming Kundli-Manesar-Palwal Expressway, the place has witnessed huge demand by investors. Many biggies of Delhi real estate have already invested on projects in Sohna Road. Some of the national and international retail giants are also investing in this place. 15-20 per cent appreciation has been expected in the near future in Sohna Road.

Puneet Laskar,

28th January 2013

Comment

Hi guys, I am happy to see your topic of discussion since I am also looking to invest in Sohna Road.. can you advise me on how is the present connectivity in Sohna road.. are there good facilities or is there any scarcity?

Mritunjoy Deb,

28th January 2013

Comment

Hi Neeraj, good to know that government is planning on affordable housing in Sohna road, but what I think is it would take years together for government to think and initiate the project, And by the time it is completed the rates would have even increased further.. So it is better to buy property in Sohna road asap and wait for the rate to appreciate.. The facilities are already in place as many people who have bought properties in Sohna road have already shifted to their new flats. All daily needs and services like hospitals, schools, shops, commercials are ready in Sohna road. So its a good place for both living and investing.

Samrat,

28th January 2013

Comment

Apartments in Sohna Road start from around Rs 5000 per sq ft to Rs 8000 per sq ft depending on the project, its location, developer, stage of construction and other reasons. If you have to buy an apartment in Sohna Road then a minimum of 40 lakh budget is surely required. And a minimum of 15 % appreciation on your investment will be gained. Plots are available in the range of Rs 55,000 sq-75,000 per square yard. I heard that govt. is planning to develop affordable houses on 50 acres there. If that happens then you may get apartments at lesser rates.

Neeraj Rao,

28th January 2013

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If you are planning on long term investment then Sohna Road is the right place. If you buy a property for Rs 30 lakh now, the rate would be around 50 lakh in the next 4 years.. Roughly it can be said that, in the next 4 or 5 years there will be around 40 percent appreciation. Buying residential properties is better than buying commercial properties in Sohna Road because commercial development has a long way to go. Considering development in the next five years, buying plots is a great idea than buying flats or commercial properties in Sohna Road.

Jeet Bhaskar, Delhi

28th January 2013

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