Sohna Becomes Gurugram's Third Largest Real Estate Market
Sohna, a micro-market in Gurugram, has seen a significant surge in residential supply, making it the third-largest market after Dwarka Expressway and New Gurgaon. This growth is attributed to improved infrastructure and increased developer activity.
SohnaReal EstateGurugramProperty PricesDevelopersReal EstateOct 28, 2024
The market is dominated by 2BHK units, which account for 65% of the supply, followed by 3BHK units at 26%. Historically, Sohna was known for its affordable housing segment, supported by initiatives like the Deen Dayal Jan Awas Yojna. However, recent years have seen a notable shift towards mid-to-high-end properties, reflecting broader trends in Gurugram where developers are focusing on premium segments to cater to changing buyer preferences. Properties priced above Rs. 1 crore now constitute 34% of the new supply, more than double the 15% share in 2019.
Rajat Likhyani, Principal Partner at Square Yards, commented, 'The strategic infrastructure and connectivity projects, such as the elevated corridor and the Delhi-Mumbai Industrial Corridor (DMIC), have put the Sohna micro-market on the radar of both developers and homebuyers in Gurugram. Several leading developers have strategically positioned themselves, securing land parcels and actively rolling out new launches across ongoing and new projects.'
Investor interest in Sohna is on the rise, with 23% of buyers targeting properties priced between Rs. 1-2 crore, and 6% focusing on properties above Rs. 2 crore. Pradeep Aggarwal, Founder & Chairman of Signature Global (India) Ltd, noted, 'Sohna has emerged as one of the most sought-after real estate destinations for both homebuyers and investors. With the development of the Gurugram-Sohna Elevated Road, the area is now seamlessly connected to Gurugram’s established central business districts (CBDs) and other key locations, as well as to major national highway corridors like the Delhi-Mumbai route.'
Signature Global recently launched DAXIN, a mid-housing real estate project located in a prime position right next to the Sohna Toll Plaza. Spread across 125 acres, the project features Signature New Launch Lowrise Floors, thoughtfully designed for those seeking spacious and luxurious homes. Property price appreciation in the region has been steady, with values nearly doubling since 2019. In 2024, prices saw a 13% increase compared to the previous year, with current rates ranging between Rs. 7,500 and Rs. 8,500 per sq. ft.
Sohna has attracted major developers, with Signature Global emerging as the leader in project launches since the pandemic. Other key players include Ganga Realty, with their project ‘Ganga Tathastu’, as well as MVN Infrastructures Pvt Ltd, Central Park Group, Silverglades, and Ashiana. The developer pipeline remains robust, with over 16,000 units expected to be delivered over the next three years.
Signature Global (India) Ltd is a leading real estate developer known for its innovative and customer-centric projects. With a strong presence in Gurugram and a commitment to delivering high-quality residential and commercial spaces, Signature Global is at the forefront of the real estate industry in the National Capital Region (NCR).
FAQs
1. What makes Sohna a sought-after real estate market?
- Sohna's growth is driven by improved infrastructure, strategic connectivity projects, and a robust developer presence, making it an attractive destination for both homebuyers and investors.
2. How has the property value in Sohna changed over the years?
- Property values in Sohna have nearly doubled since 2019, with a significant 13% increase in 2024 alone.
3. What types of residential units are most common in Sohna?
- The market is dominated by 2BHK units, which account for 65% of the supply, followed by 3BHK units at 26%.
4. Who are some of the key developers in Sohna?
- Major developers in Sohna include Signature Global, Ganga Realty, MVN Infrastructures Pvt Ltd, Central Park Group, Silverglades, and Ashiana.
5. What new projects are expected in Sohna?
- Over 16,000 units are expected to be delivered over the next three years, with significant projects from leading developers like Signature Global and Ganga Realty.
Frequently Asked Questions
What makes Sohna a sought-after real estate market?
Sohna's growth is driven by improved infrastructure, strategic connectivity projects, and a robust developer presence, making it an attractive destination for both homebuyers and investors.
How has the property value in Sohna changed over the years?
Property values in Sohna have nearly doubled since 2019, with a significant 13% increase in 2024 alone.
What types of residential units are most common in Sohna?
The market is dominated by 2BHK units, which account for 65% of the supply, followed by 3BHK units at 26%.
Who are some of the key developers in Sohna?
Major developers in Sohna include Signature Global, Ganga Realty, MVN Infrastructures Pvt Ltd, Central Park Group, Silverglades, and Ashiana.
What new projects are expected in Sohna?
Over 16,000 units are expected to be delivered over the next three years, with significant projects from leading developers like Signature Global and Ganga Realty.
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