Real Estate in South Gurgaon, Gurgaon

South of Gurgaon will also enjoy direct connectivity with Golf Course Extension Road via a proposed road that runs parallel to NH-248A and connects Sohna to Sector-63A in Gurgaon. This 60m wide road is in planning stages and the completion date is yet to be ascertained. An onward journey from here will lead to Golf Course Road, Mehraul-Gurgaon Road and Cybercity.

outh of Gurgaon – Reasons For Market’s Appeal As Residential Destination

South of Gurgaon – Reasons For Market’s Appeal As Residential Destination

Last updated on August 31, 2016 by Varsha Singh

The ever increasing economic growth prospects in the national capital of the country, complimented with scarce resources paved the way for formation of National Capital Region (NCR). The urban areas of Haryana, Uttar Pradesh started providing the much required momentum for setting up of industries, commercial and residential hubs. Gurgaon has been responsible for shaping the skyline of NCR, with much of it attributed to the growth trends across Golf Course Road, MG Road, NH-8 and Golf Course Extension Road. The concentration of economic activities in these areas consequently led to a boom in the residential sector and overall development. With the spurt in economic development centered around Sohna, for instance the Industrial Model Township of Sohna, the Western Dedicated Freight Corridor passing through Sohna and the opening of the Kundli-Manesar-Palwal (KMP) Expressway, the conditions are favourable for the residential real estate to witness a heightened demand here. Gurgaon-Manesar’s population was …

South of Gurgaon – Reasons For Market’s Appeal As Residential Destination

The ever increasing economic growth prospects in the national capital of the country, complimented with scarce resources paved the way for formation of National Capital Region (NCR). The urban areas of Haryana, Uttar Pradesh started providing the much required momentum for setting up of industries, commercial and residential hubs.

Defining the skyline of NCR- Gurgaon
Defining the skyline of NCR- Gurgaon

Gurgaon has been responsible for shaping the skyline of NCR, with much of it attributed to the growth trends across Golf Course Road, MG Road, NH-8 and Golf Course Extension Road. The concentration of economic activities in these areas consequently led to a boom in the residential sector and overall development. With the spurt in economic development centered around Sohna, for instance the Industrial Model Township of Sohna, the Western Dedicated Freight Corridor passing through Sohna and the opening of the Kundli-Manesar-Palwal (KMP) Expressway, the conditions are favourable for the residential real estate to witness a heightened demand here.

Gurgaon-Manesar’s population was estimated at ~15 lks in 2011 census, it is expected to touch a whopping ~42 lks by 2031, while Sohna recorded a population of ~67,000 in 2011 and it is expected to rise nearly 10 times to touch ~6.40 lks in the same period of time. These numbers are staggering and propel demand for housing in Gurgaon-Manesar-Sohna belts in coming years.

South of Gurgaon, Understand the Location:

Sohna is geographically placed towards South of Gurgaon (that is where it gets it name South of Gurgaon) and is neighboured by industrial town of Manesar. South of Gurgaon enjoys seamless connectivity with NH-248A that runs from Haryana to Alwar in Rajasthan. NH-248A is a four lane highway well knitted with the NH-8 that intersects it at Rajiv Chowk in Gurgaon. The Northern Peripheral road (NPR) and Southern Peipheral road (SPR) will grant ample connectivity to South of Gurgaon with Gurgaon and Delhi. With the news of SPR going operational this year, South of Gurgaon will get a direct connectivity boost with the Golf Course Road, Golf Course Extension Road and NH8. The Kundli-Manesar-Palwal Expressway that passes via South of Gurgaon and runs between Palwal to Panipat adds direct access to various part of NCR, offering connectivity to various highways. The 52 km stretch between Palwal and Manesar is now functional, with the rest 135 km expected to be completed in a year’s time. This will in turn act as a strategic route for all economic activities planned along the areas like IMT Sohna.

South of Gurgaon will also enjoy direct connectivity with Golf Course Extension Road via a proposed road that runs parallel to NH-248A and connects Sohna to Sector-63A in Gurgaon. This 60m wide road is in planning stages and the completion date is yet to be ascertained. An onward journey from here will lead to Golf Course Road, Mehraul-Gurgaon Road and Cybercity.

South of Gurgaon - Location and Connectivity
South of Gurgaon- Location and Connectivity

The Indira Gandhi International Airport is at an approximate distance of 40 kms from South of Gurgaon and the nearest railway station of Gurgaon is at about 28 kms from the budding micro-market. Speaking of the metro connectivity, the HUDA City Center is reachable within 20-25 minutes of drive and the nearest rapid metro station will be the last station of the Golf Course rapid metro that which is under-construction at present. This rapid metro station of Sector-55/56 of Gurgaon will be reachable, within 25-30 minutes from South of Gurgaon. The proposed project of Pod taxis (a type of personal rapid transport system) will have a station at Badshahpur Chowk, which is approximately a 20 minutes’ drive from here. The project for POD taxis is under planning and will be completed in about 1-1.5 years post commencement of work.

Proposed POD Taxi project in Gurgaon
Proposed POD Taxi project in Gurgaon (Picture courtesy- Dfordelhi.in)

To decongest the traffic at Badshapur Chowk, the NHAI (nodal Highway authority) has planned a 2 km flyover on the Sohna Road over the Chowk. The timelines for completion of the project are not yet announced. The Delhi Mumbai Industrial Corridor Project (DMIC) is a Government of India initiative that is aimed at reducing the travel time in movement of goods thereby facilitating the manufacturing and tertiary sectors of the economy. The Dedicated Freight Corridor is set to benefit IMT Sohna since it passes through South of Gurgaon and is planned to be completed by 2018-19.

Under construction rapid metro station at Sector-55 Gurgaon
Under construction rapid metro station at Sector-55 Gurgaon

Moreover this region is right at the foothills of Aravallis which are in the protected zones and there are several green belts around the areas designated for commercial uses. This region is very unlike the prime Gurgaon which is now densely inhabited with little green cover left within the city premises.

Social Infrastructure:

The social infrastructure of South of Gurgaon is already in place with a number of schools, hospitals, shopping centers, hotels operational. Amongst reputed schools are Delhi Public School, Ryan International School, GD Goenka World School and Pathways International School. KIIT College of Engineering, K.R Mangalam University, G.D Goenka University, JK Business School are amongst reputed institutions for higher education. Key hotels include The Westin Sohna Resort and Spa, The Taj Gateway Resort, Country Inn and Suites, ITC Grand Bharat and Lemon Tree. These hotels attract weekend tourists and corporates on a regular basis for excursions.

Westin Resort and Spa- Sohna
Westin Resort and Spa- Sohna in vicinity (Courtesy – Westin Website)

Guri Hospital, Alaska Hospital and Vardaan Hospital are in South of Gurgaon while hospitals in vicinity include Columbia Asia, Privat Hospital, Neelkanth Hospital, Max, Fortis and Paras. Retail zones that take care of day-to-day convenience are Big Bazaar, Aditya Birla More and Shoppers Stop apart from convenience stores and centers at residential projects in South of Gurgaon. Organized malls in proximity of South of Gurgaon are Good Earth City Center, Raheja Mall, Omaxe Mall, ILD and Celebration Mall amongst a number of others.

South of Gurgaon, Demand Drivers:

One of the most important factors that determine the fate of a new location is the proximity of the location to office and commercial hubs. As far as South of Gurgaon is concerned, it has good connectivity with the commercial business districts, secondary business districts and peripheral business districts of Gurgaon. DLF Cyber City has an existing stock of 13.2 million sq ft with major occupiers being RBS, GE, Accenture, Ericsson, a 10 million sq ft of existing stock is at Udyog Vihar with major occupiers being Snapdeal, Bank of America, Sapient. Another 12 million sq ft of existing stock exists at Sohna Road and key occupiers include McKinsey, Capgemini and Aricent. Similarly other office hubs like Golf Course Road, MG Road, NH-8, Southern Peripheral Road are all accessible easily from Sohna Road and a number of routes provide alternate connectivity to these business districts in Gurgaon.Giants such as Google are making Gurgaon their prime activity center in India, also there is a lot of demand for offices by young ventures who are making base in this city as it provides requisite ecosystem.

Existing stock in office hubs in Gurgaon
Existing stock in office hubs in Gurgaon

The growing Industrial and Manufacturing hubs will also render demand for South of Gurgaon. IMT Manesar that houses brands like Maruti, Hero MotoCorp and Honda and spreads across a sprawling 3175 acre, IMT Sohna that spreads across 1500 acre and is under-construction at present, the industrial area of Bhiwadi that spreads across 6500 acre and houses giants such as Honda, Saint Gobain and Gillette are all going to add to demand for South of Gurgaon address.

South of Gurgaon, Residential Supply:

To match this upcoming demand for housing in South of Gurgaon, a number of developers have launched their projects at affordable rates when compared to established part of Gurgaon. These are International Land Developers (ILD), CHD Developers, Ashiana Housing, Sweta Estates (Central Park), Silverglades, Supertech, Nimai Developers, Eldeco, Ashiana Homes, Ireo, Raheja Developers, TATA Housing, Homestead Developers, Gold Souk and Mks Ventures. Across multiple product platforms, 25 developers have launched residential projects in Sohna. An analysis of the projects launched indicates that 2 and 3BHK apartments are the most common configurations across projects. Sizes varying from 985 sq ft to 1350 sq ft are predominant configuration sizes for a 2BHK and sizes ranging from 1400 sq ft to 1950 sq ft are predominant configuration sizes for 3BHK. An analysis of the product typology concludes that 74% of the launches are group housing projects, followed by 15% of plotting and 10% of independent floors and the remaining 1% dedicated to villas.

Under-construction Residential projects in South of Gurgaon
Under-construction Residential projects in South of Gurgaon

The availability of higher 2BHK and relatively smaller sizes is also possible because of regulatory reasons as more density is allowed per acre of development at South of Gurgaon than in Gurgaon. This was need of the hour as unit costs in Gurgaon were going out of reach of several in the middle class income brackets.

South of Gurgaon, Price Trends and Affordability:

One of the factors that is turning the table in favor of South of Gurgaon is the pricing and the affordable nature of residential projects. When compared to Gurgaon and its developed residential markets such as Golf Course Road or Golf Course Extension road, price difference is almost 50% or more! The current pricing at South of Gurgaon ranges from Rs. 4200 to Rs. 4500 per sqft and this lends the tag of an affordable destination to the market. A weighted average ticket size comparison between the price points in South of Gurgaon vs the price points in Southern Peripheral Road (SPR) and Golf Course Extension road reveals that a 2BHK costs Rs. 54 lakh in South of Gurgaon. A similar unit will cost Rs. 80 lakh in SPR and Rs. 1.6 crore in Golf Course Extension road. A noteworthy fact is that the latter markets are located at a travel time of twenty to thirty minutes from South of Gurgaon. In coming years these travel time will shrink further with improvements in infrastructure. This further portrays that the market of South of Gurgaon is in nascent stages at present and the scope of appreciation is huge, a point that should be given serious consideration by investors. With a closer look at the the pricing and group housing developments in South of Gurgaon, it can be summarized that 54% of the launches are below Rs. 60 lakh, 31% between Rs. 60-80 lakh and 15% above Rs. 80 lakh. This provides the middle income group with ample choices for their dream home, which was a distant reality in Gurgaon.

Affordability pie chart in South of Gurgaon, Cushman Wakefield
Affordability pie chart in South of Gurgaon, Cushman Wakefield

Most of these developments today are being planned with ample and vast views of the hills and greens, something a home owner can take pride in when he is able to reside here. The quality of lifestyle that South of Gurgaon is currently promising to prospective buyers is much different from similarly priced properties in Gurgaon-Manesar belt.

South of Gurgaon, an emerging realty hotspot:

Current connectivity to South of Gurgaon sets it apart from peers in Gurgaon which have witnessed several years of delays in infrastructure development. That said it is imperative for the markets growth that infrastructure development picks up – connectivity to Golf Course Extension road, sector roads, sewage and water lines amongst others.

Existing connectivity to South of Gurgaon
Existing connectivity to South of Gurgaon

The residential projects launched by developers in South of Gurgaon will get delivered in 3 to 4 years and by then livability will be more favourable. South of Gurgaon has emerged as an affordable destination and the capital appreciation it will offer is set to benefit the buyers at large. In the next 4-5 years, the proposed infrastructure will be completed and the existing connectivity will be strengthened.  South of Gurgaon will continue to be the weekend gateway of NCR, credits to the breathtaking views of Aravallis and the ample choices offered by hospitality majors such as TAJ and Westin. The IMT Sohna will be soon operational and the existing industrial belts of Manesar and Bhiwadi will keep on serving demand for the South of Gurgaon realty market coupled with demand from exiting corporate hubs of Gurgaon. With a foreseeable habitation of the working class and mainly end users in the coming years, and given that projects by developers and Government meet their timelines, South of Gurgaon will witness more socio-economic activities and robust overall growth.

No one can now say that South of Gurgaon is merely a temple town famous for naturally occuring Geysers, but a formidable real estate market that is at cusp of growth.

Coverage in news paper

Data Source – This report has been stitched together through primary research by PropStory and secondary data access of Cushman & Wakefield Study Commissioned By CREDAI NCR




Thank You! your query has been submitted we will contact you soon.

Need more info to decide if this project is for you?

No problem, share your queries with us and we shall respond in 7 days

Sorry! Something went wrong. Please try later
Sohna City

South Gurgaon – 3 Reasons Why To Consider Property in Sohna

Last updated on October 18, 2015 by Ashish Mahajan

I have heard this grievance several times “Ashish I can’t pay an EMI more than INR 45,000-50,000 a month, where do I then buy a property in Gurgaon”. Plain and simple answer to that is – unless your family left you with a fortune to make a big down payment you can’t own your own flat in Gurgaon prime and this includes several apartment projects of Dwarka Expressway. Recently I was informed about the ambitious joint marketing campaign being done by 11 CREDAI members of Delhi NCR to promote their properties at Sohna. In so many years of investing I have faint memories of such joint promotion by any group, the closest I can think of will be Crossings Republik at Ghaziabad. Though the notable difference there is projects at Crossings were part of one large plot of land. Sohna unlike Crossings is a different story 1) builder plots are all scattered across Sohna …

South Gurgaon – 3 Reasons Why To Consider Property in Sohna

I have heard this grievance several times “Ashish I can’t pay an EMI more than INR 45,000-50,000 a month, where do I then buy a property in Gurgaon”. Plain and simple answer to that is – unless your family left you with a fortune to make a big down payment you can’t own your own flat in Gurgaon prime and this includes several apartment projects of Dwarka Expressway. Recently I was informed about the ambitious joint marketing campaign being done by 11 CREDAI members of Delhi NCR to promote their properties at Sohna. In so many years of investing I have faint memories of such joint promotion by any group, the closest I can think of will be Crossings Republik at Ghaziabad. Though the notable difference there is projects at Crossings were part of one large plot of land. Sohna unlike Crossings is a different story 1) builder plots are all scattered across Sohna Masterplan of 2031 and 2) Sohna’s closest neighbour is more affluent than Ghaziabad or Noida to Crossings. The builder group is calling this campaign as South Gurgaon though each one has their own projects under development. Hence, one has options to decide which one fits the budget and requirements.

Unlike Mumbai most other Indian cities can expand radially which allows for widespread development. Notable examples being Hyderabad or Bangalore where the cities are expanding in all directions. Over the past decade and a half Gurgaon rose in economic and social prominence unlike any other city in India. One can complaint about the hazaar issues the city’s residents face one can not argue that some of the best offices/ office complexes in the NCR are in Gurgaon. Pepsico, Coke, Gillete, Google, Dell, Microsoft and several other Fortune 500 companies, Maruti, Hero Honda and other Indian names are all having strong presence in Gurgaon. For many years real estate fraternity has spoken about the floating population of Gurgaon i.e. people who live in other parts of NCR but travel to Gurgaon for work. This isn’t any trade secret anymore, just why were the courts compelled to announce Gurgaon-Delhi stretch of NH-8 as toll free?

That said Gurgaon unlike Noida had restrictive density norms which led to lower residential developments comparatively. What it further led to was that lesser number of apartments were being constructed on any piece of land. Such a scenario led to lower supply of residences while real estate markets were shooting up. Properties thereby went out of the reach of the common man of Gurgaon. There is a strong need for more affordable housing in Gurgaon.

The Government pushed for affordable housing scheme in various cities of Haryana including Gurgaon, however I have found it difficult to understand how the scheme leads to better economics for builders. Since I haven’t dwelled much over this topic I shall let it pass for now.

I had earlier written about my initial impressions of Sohna as a market I have since spent little more time understanding the dynamics here. For starters Sohna Road flats are a prized possession today in Gurgaon while Sohna is about 15 km away from Badshahpur intersection in Gurgaon.  For me there might be three reasons I may consider South Gurgaon as a good property investment (with usual disclaimers) –

  1. Toll free proximity to Gurgaon – The Badshahpur-Sohna stretch is toll free and is a National Highway (248A). Though there are bumps along the road the stretch is great to drive on. Some properties here can be reached within a timespan of 15-20 minutes from the Badshahpur junction. The only hitch can be the crowded intersection at Badshahpur-Golf Course Extension Road. I have been informed that the NHAI is considering proposals to build a flyover above the Badshahpur village to prevent further choking of traffic here. This can be a much required piece of infrastructure development that can make commute to South Gurgaon pleasurable.

Also another fact that one can consider is that access to Dwarka Expressay is through the toll plaza near the Haldiram outlet on NH-8 which also means traffic jams and long travel times to that place when compared to Sohna may be.

Eldeco Accolade - South Gurgaon
Eldeco Accolade – South Gurgaon
  1. Affordability – The Sohna masterplan allows real estate companies to plan more number of smaller units per acre of land. Many firms have been prudent enough to consider it as an important aspect while designing their projects. Sohna isn’t Gurgaon, which also means the capital values are lower here. The twin affect of lower per square feet price as well as lower apartment size augurs well for the middle class which can think of owning apartments under INR 50-55 lacs here. Much of Gurgaon developments cost INR 1 crore and above because of higher per square price and large apartment sizes.
GD Goenka University Gurgaon
GD Goenka University Gurgaon

3. Live close to the nature – Gurgaon is devoid of green patches and lakes, unless one travels away from it. One such place is Sohna, which is home to Damdama lake and Aravalis. Both are protected zones and will continue to be so, touchwood. Which means that ones who prefer to return home to calmer neighbourhood and fresher environments will find living at Sohna better than in the dry and arid Gurgaon prime.

Social infrastructure at South Gurgaon (Sohna) may take time to match up to that of Gurgaon but then if the above three are your priorities this place may make more sense to own a property at.

PS: You may access a FAQ on this market and flats being sold here on the South of Gurgaon webpage created by us




Thank You! your query has been submitted we will contact you soon.

Need more info to decide if this project is for you?

No problem, share your queries with us and we shall respond in 7 days

Sorry! Something went wrong. Please try later

 Nearby Areas in Gurgaon

X

The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, floor area, location data has been sourced from multiple sources on best effort. Nothing contained herein shall be deemed to constitute legal advice, solicitations, marketing, offer for sale, invitation to acquire by the developer/builder or any other entity. You are hereby advised to visit the relevant RERA website before taking any decision based on the contents displayed on the website.

Why Users Love Us

PropMatch
Compare any project