Sohna Rises as the Third Largest Real Estate Market in Gurgaon
Sohna micro-market in Gurugram has seen a significant rise in residential supply, becoming the third-largest market after Dwarka Expressway and New Gurgaon. This growth is driven by improved infrastructure and increased developer activity, with 2BHK units
Real EstateSohnaGurgaonHousingInfrastructureReal Estate NewsOct 28, 2024
Historically known for its affordable housing segment, supported by initiatives like the Deen Dayal Jan Awas Yojna, Sohna has seen a notable shift towards mid-to-high-end properties in recent years. This trend mirrors broader changes in Gurugram, where developers have shifted their focus to premium segments to cater to evolving buyer preferences. Properties priced above Rs. 1 crore now constitute 34% of the new supply, more than double the 15% share in 2019.
“The strategic infrastructure and connectivity projects, such as the elevated corridor and the 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 rolling out new launches across ongoing and new projects,” said Rajat Likhyani, Principal Partner, Square Yards.
Data suggest that while affordability continues to drive demand, investor interest 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. “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,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.
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 low-rise 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.
Frequently Asked Questions
What is the current status of Sohna’s real estate market?
Sohna has emerged as the third-largest real estate market in Gurugram, following Dwarka Expressway and New Gurgaon. The market is dominated by 2BHK units, accounting for 65% of supply, followed by 3BHK units at 26%.
What factors are driving the growth in Sohna’s real estate market?
The growth in Sohna’s real estate market is primarily driven by improved infrastructure, increased developer activity, and strategic connectivity projects like the elevated corridor and DMIC.
What is the average age of new supply in Sohna?
The average age of new supply in Sohna is less than four years, with the total new supply since 2020 surpassing the cumulative supply of the previous decade (2010–2020).
Which developers are leading the market in Sohna?
Signature Global is leading the market in Sohna, along with other key players such as Ganga Realty, MVN Infrastructures Pvt Ltd, Central Park Group, Silverglades, and Ashiana.
How have property prices in Sohna changed since 2019?
Property prices in Sohna have nearly doubled 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.
Related News Articles
Market Insights: Get Live Answers to Your Stock Market Queries
Get expert advice on your stock market investments through our live sessions, featuring expert analysts. Learn how to invest, structure your portfolio, and more.
The Real Estate Mafia: Uncovering the Truth Behind Hyderabad's CSK
Chimanlal Suresh Kumar, a textile trader turned real estate mogul, is under investigation for encroaching and selling lake land at Shastripuram, leaving hundreds of buyers in financial ruin.
Adani's Dharavi Slum Redevelopment Project Hits Roadblock in Securing Land
The joint-venture led by Gautam Adani is struggling to secure land to rehabilitate poor residents of one of Asia's largest slums in Mumbai, near the BKC business district.
Water Cuts in Pune and Pimpri Chinchwad: Maintenance Work to Affect Supply
Residents in Pune and Pimpri Chinchwad will experience water cuts on Thursday due to essential maintenance work by the Pune Municipal Corporation (PMC) and Pimpri Chinchwad Municipal Corporation (PCMC). Both cities will face disruptions in water supply, w
RR Global Promoters Acquire Luxurious Apartments at Oberoi Three Sixty West for INR 198 Crore
In a significant move in Mumbai's real estate market, the promoters of RR Global have purchased luxury apartments at the prestigious Oberoi Three Sixty West project. These properties, known for their premier sea views, modern amenities, and upscale living
Bombay High Court Advocates for the Preservation of Mumbai's Open Spaces
In a significant move, the Bombay High Court has taken a firm stance on the preservation of Mumbai's open spaces, emphasizing the importance of these areas for the city's sustainability and the well-being of its residents. The court's decision comes at a