Gurgaon real estate: Can Sohna Road be the next MG Road?
Office spaces on MG Road and Cyber City are scarce so, corporate houses are looking at alternative locations and Sohna Road tops the chart. Can it, thus, be the next MG Road in Gurgaon?
“Sohna Road will undergo significant growth in the next five years,” says Ajay Bajpai of Homes2offices. The area enjoys several advantages.
Location: At one end, Sohna Road is seamlessly connected to Golf Course Road, a prime commercial as well as residential destination and at the other end it goes straight to NH-8, making all commercial destinations of new and old Gurgaon accessible. This includes Udyog Vihar, Signature Towers, MG Road and Cyber City.
The access to NH-8 ensures that it is linked to Manesar, Bhiwadi and Jaipur also.
Livability: Sohna Road has a mix of commercial and residential real estate. How does this matter? Because it promotes the ‘walk-to-work’ concept. People could buy or rent houses near their offices. Capital values of multi-storey apartments, in this area, are within a range of Rs 40-60 lakh. The rental values of 2BHK apartments start from Rs 10,000 per month.
Since a number of residential projects have already given possession in the area, several families have moved in. The state of roads and water supply is average and the issue of power shortage is persistent as it prevails in the entire Gurgaon city. On a positive note, it has come up with a number of local markets and shopping malls.
Range: While the prime commercial destinations in Gurgaon offer larger floor plates, Sohna Road offers offices within a wide range of sizes. One can find large offices and also find offices as compact as 300 sq ft.
“We have seen that many companies look for smaller offices not just because they want to cut on cost, but also because they need a satellite office to accommodate employees who have to travel long distance to their main offices,” says Girish Dayal of RR Properties.
With these advantages, Sohna Road displays the potential to become the next commercial hub in the coming years.
Posted on October 15, 2013, in Real Estate and tagged Flats In Greater Noida, Flats in Noida, Properties in Delhi NCR, Properties in Greater Noida, Real Estate Company in India, Real Estate India, Sanjay Rastogi, Sanjay Rastogi Builder, Sanjay Rastogi Builders. Bookmark the permalink. Leave a comment.