New Delhi, Oct 27 || South of Gurugram has emerged as the city’s new frontier for development, with Sohna, Dwarka Expressway, Golf Course Road, Golf Course Extension Road and southern peripheral road (SPR) being the top five micro-markets which demonstrate potential, a report showed on Monday.
Out of total graded residential supply of 85,921 units in NCR, Gurugram including Sohna, has the highest supply share (73 per cent), across emerging micro-markets, according to a Colliers report.
Among those, Sohna leads the possibility of price appreciation tally with up to 1.6 times growth by 2030. While Golf Course Extension and SPR corridors cater to premium and upper-mid housing, Sohna is steadily evolving as a complementary hub with its own real estate momentum, shaped by affordable-to-upper mid housing, industrial estates and rapidly improving infrastructure, the report maintained.
“Sohna, as one of the emerging micro-markets in South of Gurugram, is anticipated to witness price appreciation up to 1.6X by 2030, benefitting both homebuyers and investors,” Swapnil Anil, Managing Director, Advisory Services, Colliers India said.na/