This town near Gurugram sees hike in property prices near Delhi-Mumbai Expressway
Real estate in Gurugram is witnessing a surge in prices. Sohna, a real estate hotspot on the edges of Gurugram, has already begun to experience the effects of the opening of the Mumbai-Delhi expressway on real estate. Realtors expect that the demand for real estate in the neighborhood will also spread to the entire region.
The expressway will probably increase the value of properties in the nearby regions also. “Sohna has been the central hub of both residential and commercial development for some time now,” says Ravi Nirwal, Sales Director at Square Yards. The new expressway will help the area realize its full potential, encourage accelerated real estate growth, and turn Sohna into a multifunctional residential corridor. By offering a sound framework for creating housing developments, townships, and business hubs, it will result in real growth. The area will experience an increase in housing demand and price appreciation of current and new residential projects, while also reducing congestion and facilitating easier connectivity with neighboring states.
While the opening of the new expressway has put Sohna in the spotlight, it is expected to have a long-term effect on the real estate values around Gurugram. According to Sanju Bhadana, Managing Director of 4S Developers, “Real estate along the Sohna-Dausa stretch of the Delhi-Mumbai Expressway will gain the most, and there will be a sizable increase in housing demand due to the seamless infrastructural and road connectivity, predicated after the inauguration of Sohna-Dausa segment.”