Sohna Road Becoming A Gold Mine Of Opportunities For Gurgaon

Sohna road is one of the major connecting roadways of the NCR region. It has been instrumental in singlehandedly increasing the property value of the areas that lie between the two ends. The road connects the city of Gurgaon to the town of Sohna. The city has everything one can hope for, but Gurgaon lacks in the most basic of amenities. Water is very scarce in the city and that is one of the biggest woes of this land. In order to keep the thousands of people living in the city and its various residential and commercial projects, there is no proper infrastructure in place. There is nothing that could dampen the spirits of any prospective investor more than this.

Reasons for popularity

However, with the lack of well planned accommodation and commercial space, the city was the last resort for people who had been left to live here. This has been one of the best times of the real estate market of the city. There is, however, a limit to the capacity of the cities to hold people. The city of Gurgaon was soon reaching the end of its tether and it seemed to become very crowded. This created the need for the development of adjoining town and localities to become satellite towns and cities which will help to accommodate the burgeoning populations while also making inroads into the underdeveloped lands.

Process of development

There has been a spate of approvals given for the development of the town and the areas lying between the city and the town. The enhanced connectivity and infrastructure of the area has contributed a lot to the popularity of the new locality. The areas which saw the majority of the real estate traffic in the years, old Gurgaon and the NH8 have been long saturated of the availability of the virgin lands for development. The availability of virgin lands means that the city will have the most common of the investors running towards it because everyone likes to have a piece of land they would like to call their own.

Real estate implications

With the increase in the commercial and corporate buyers in the area, many new offices have been set up which has changed the employment scenario of the city. This has enabled the residential constructors to advertise by touching on the sentiments of the people. The increase in population happened with the increase in jobs and with that the need for accommodation and for new commercial properties grew. This locality is closely connected to the National Highway 8, Golf course extension road and the national capital area around it. The Roz-Ka Meo industrial area, Delhi Airport and the Kundli-Manesar-Palwal Expressway areas and in the vicinity has been the target of many industries and developers.

This stretch of land in Sohna Road is going to be the next best destination for the industrial and commercial development of the city and by that token, the best place for residential development. The prices of the properties here are about the range of Rs8614 per sq ft for apartments and Rs. 73721 for the plots to build homes on.