Jun 19, 2023

Sohna Road vs New Gurgaon: Which is the Right Investment?

by Godrej Properties Limited

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The real estate markets in Gurgaon's Sohna Road and New Gurgaon are both rapidly expanding. Sohna Road is more convenient to the city centre, although New Gurgaon has more affordable housing options. Sohna Road is hailed as Gurgaon's upcoming real estate destination. On the contrary, New Gurgaon is a developing area with a number of well-liked dew sectors.

Factors to be accessed for investing in Sohna Road vs Gurgaon

Type of Properties Available:

Residential apartments make up more than half of the properties up for sale on Sohna Road. The second half consists primarily of builder floors, farmhouses, and residential lots such as Godrej Nature Plus with sizes ranging from 600 square feet to 9,000 square feet.

On the other hand, residential flats account for the vast majority of the inventory in New Gurgaon. Both regions feature a disproportionate amount of finished homes, which are in high demand among potential buyers.

There is no shortage of three-bedroom homes in either New Gurgaon or Sohna Road. Smaller housing options, such as 1 BHK unit, can be found on Sohna Road, which has a higher proportion of them than New Gurgaon.

Budget-wise Distribution of Properties:

The majority of the real estate in New Gurgaon has priced between Rs. 60 lakhs and Rs 1.5 Crore. On the other side, Sohna Road contains about 40% of the homes priced between Rs. 1-2 crore. This is due, in part, to Sohna Road's availability of residential land parcels and farms.

Investment Potential:

Due to superior accessibility, the majority of MNCs put up their headquarters in Cyber City and close to the Huda City Centre metro station in Sector 29, which significantly reduced the amount of prospective residential demand on Sohna Road.

Compared to Sohna Road, Golf Course Extension Road offers better and more recently constructed house options for purchasers in the price range of Rs 60 lakh to Rs 2 crore. These houses have a higher chance of capital appreciation and superior facilities for a nearly comparable price.

On the other hand, New Gurgaon is still in the early stages of development. Additionally, the area is predicted to experience rising housing demand, which would drive up prices in the mid-to-long term. These factors include National Highway 8 and the business units in Gurgaon and Manesar, including the Industrial Model Township.

Ending Note

New Gurgaon is a developing area, and future price increases are anticipated as social and municipal infrastructure, connectivity, and other factors all improve. New projects in Gurgaon like Godrej Oasis in Sector 88A are turning heads. In contrast, Sohna Road can be expected to recover once the local transport system is improved and more businesses decide to relocate there.

 

Frequently asked questions

1. What is the price range of projects on Golf Course Extension Road?

Ans: The price range is between 60 lakhs to Rs 2 crore.

2. What is the size range of properties on Sohna Road?

Ans: The size ranges from 600 square feet to 9,000 square feet. 

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