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Delhi-Mumbai Expressway, elevated road expected to turn Sohna into next major realty hub

Priya Singh | 2023-11-22

With the Haryana portion of the Delhi-Mumbai Expressway and the Sohna elevated road likely to be finished by next year, experts were of the opinion that the real estate sector will see a major development as they improve access, create jobs and allow people to move with ease
Developers, who had invested in Sohna around five to six years ago, said that the Delhi-Mumbai expressway and Sohna elevated road will boost demand, as it would take residents only 15 minutes to reach Rajiv Chowk in Gurugram.
Completion of major road infrastructure projects is set to turn Sohna into the next big real estate hub of the National Capital Region (NCR), as evidenced by takers for the micro market despite an overall slowdown due to the Covid-19 pandemic, according to experts and realtors.
With the Haryana portion of the Delhi-Mumbai Expressway and the Sohna elevated road likely to be finished by next year, experts believe that the real estate sector will get a major boost as these infrastructure will improve accessibility, create jobs and allow people to move about with ease.
Developers who had invested in Sohna around five to six years ago said these two road projects will boost housing demand as it would take residents only 15 minutes to reach Rajiv Chowk in Gurugram.

Vinod Behl, a real estate expert, said Sohna is centrally located in the NCR, and the growth of any real estate destination largely depends on that area’s connectivity, physical and social infrastructure, established residential and commercial developments in the neighbourhood and its proximity to corporate and industrial hubs, the major centres of employment.
These key drivers significantly influence the price of a property and its future appreciation. In that respect, Sohna scores quite high as a micro market of Gurugram, he said. “The area is contiguous to south Delhi and Gurugram, besides providing access to Palwal, Faridabad and Alwar. He said connectivity to the Jewar airport in Uttar Pradesh, when it becomes operational, will enhance the area’s potential as a realty hub,” said Behl.

As per the details shared by the Department of Town and Country Planning (DTCP), there are 10 affordable group housing projects, 15 projects under the Deen Dayal Awas Yojana, three commercial projects, and 19 group-housing projects in Sohna, besides six to seven commercial projects.

Around 800 acres have been licensed in Sohna since 2012, with maximum licences issued in 2012, 2013, 2014 and 2019.

Sohna is spread across an area of 27 square kilometres and is divided into 38 sectors for urban development by the government of Haryana. Lower plot costs, in comparison to Gurugram, is one of the reasons for developers taking up projects there over the past seven years.

According to Santosh Kumar, vice-chairman of Anarock, a real estate consultancy, Sohna has witnessed significant real estate activity since 2013 and supplied around 30,000 housing units till the third quarter of 2021. “Popularly known as south Gurugram, Sohna emerged as a favourable affordable destination owing to its proximity to various business centres and industrial clusters,” he said.

Data made available by Anarock reveals that the maximum real estate activities in Sohna took place in 2014, 2015 and 2017, when 12,000, 6,000 and 4,000 housing units were launched, respectively. The launch of new projects has been muted over the past four years, largely due to unfavourable market conditions.