Property prices across Delhi NCR have been on the rise, impacting areas like Greater Noida, Noida, Jewar, and now even Sohna near Gurugram. Once overlooked by investors, Sohna is now seeing rising demand and property rates, drawing comparisons with Jewar, where the Noida International Airport has led to an enormous property boom. In the past year alone, Sohna’s property prices have increased by about 13%, with potential for further growth.
Why Are Property Rates Climbing in Sohna?
Several factors have contributed to the rising property rates in Sohna. Firstly, improved infrastructure, such as the six-lane Gurugram-Sohna elevated road, has made commuting much easier, connecting Sohna more seamlessly to major business and industrial centers. Additionally, Sohna’s integration into the Delhi-Mumbai Industrial Corridor (DMIC) has also played a significant role in boosting real estate interest. The infrastructure upgrades and enhanced connectivity have drawn developers and homebuyers alike, leading to a surge in property demand.
As a result, Sohna has transformed from a quiet town into a potential residential hub, attracting investors and buyers who now view the area as a solid choice for long-term investment. Analysts believe that this infrastructure-driven growth may make Sohna a key real estate destination in NCR, much like Jewar, where the upcoming airport has spurred similar interest and sharp price hikes.
Comparing Sohna with Jewar’s Property Boom
Jewar in Uttar Pradesh has seen skyrocketing property prices since the announcement and ongoing construction of the Noida International Airport. Once fully operational, this airport will be India’s largest and is expected to significantly ease air traffic at Delhi’s Indira Gandhi International Airport. The airport project has boosted property values in Jewar and transformed it into an attractive investment zone with escalating rental yields and land prices.
Sohna is now being compared to Jewar for its rapid price increase. Experts suggest that property values could continue to rise in Sohna as the demand for better-connected housing and office spaces keeps expanding. This trend points to Sohna becoming another real estate hotspot for investors, similar to Jewar, with the potential for further growth in rental yields and property value.
How Much Have Sohna’s Property Rates Increased?
In just one year, Sohna’s property rates have climbed by about 13%. For instance, the monthly rent for a 1,000 sq ft apartment currently ranges between Rs 25,000 to Rs 30,000—a notable jump from 2019 rates of Rs 15,000 to Rs 20,000. This steady rise highlights the potential for even more growth, especially as infrastructure projects and housing developments enhance the area’s appeal.
What’s Next for Sohna’s Real Estate Market?
With developers keen to capitalize on Sohna’s improving connectivity and residential appeal, this area is on track to continue its transformation. For prospective buyers and investors, Sohna could be a promising market, much like Jewar, for those looking to secure property in a rapidly developing NCR region.
