Sohna Master Plan 2031
The Haryana Planning Board has recently approved a new Master Plan 2031 for Gurgaon Extension (Sohna). In the new plan, there is lots of possibilities for infrastructural, residential and commercial growth like widening of roads & highways with grand structure and underpasses, bridges, greenery, high rise buildings , hotels, major metro and road connectivity plans to ease travel etc.
According to the new master plan, the population of Sohna will go up to 6 lacs, in the next 20 years. As the land collection report says that Gurgaon is nearly saturated, the center of real estate development will be on high-rise constructions. Keeping this in consideration, Gurgaon Extension is planning to raise the FAR (floor area ratio).
Draft Sohna Master master plan 2031 offers to widen roads linking the sectors. A special feature of the new master plan is the importance on assigning land for greenery, open areas and water bodies is 3650 acres. The area assigned for residential, commercial and industrial development is 7969.5 acres in over 20 sectors. A Lengthy Delhi-Mumbai Industrial Corridor is positioned about to this place and this mega infrastructural project next to with its industrial estates, along with the Kundli Manesar Palwal Expressway, will add to the value of investments here.
To supply high-speed connectivity from Delhi & NCR, a 150 meter wide Gurgaon Extension Road has been planned in this new master plan. The projected road will straightly intersect with existing Golf Course Extension Road.
Apart from this, 1,600 acres area to be developed for an Industrial Model Township (IMT) by the State Industrial and Infrastructure Development Corporation Ltd. After the approval of new master plan, real estate developers and builders have started collecting land banks in the area and those with SEZs (special economic zones) are considering land-use change after the announcement.
Impact of new master plan
Real estate gurus trust that the Gurgaon – Sohna real estate bazaar will be a self-sufficient market and that it will not be affected by value movements and absorption of projects located along Dwarka Expressway or National Highway – 8. For example, Apartments on Golf Course Extension Road are priced over Rs 7, 500 – 11, 000 per sq ft but the rates on Gurgaon-Sohna Road are still around 5,000 – 7,000 per sq ft.
The Sohna real estate bazaar is supposed to cater to the reasonable segment; the townships with residential apartments and plotted communities are likely to be available in the price band of Rs 4,000 – 5, 000 sq ft.
Why invest in Gurgaon – Sohna region
This region has excellent connectivity and hopes with the planned DMIC, proposed metro stations, and the forthcoming KMP bypass about to happen in the area. In addition the place is in close proximity to the Gurgaon which is a commercial hub, leisure hub and residential hub. Top developers like Raheja Developers, IREO, Tata Housing, Godrej, Parsvnath, DLF, and Emaar MGF are planning to launch new projects here. Real Estate Experts, says: “The new sectors of Sohna will positively improve the prospects of a housing and retail destination for the thousands of home seekers who will get jobs there. The worth of the investments is expected to multiply noticeably once this industrial estate is up and organizing. With the approval of the new sectors, real estate movement as a whole will see heightened activity.”
Realty market of Gurgaon-Sohna Road
The Gurgaon – Sohna highway is one of the fastest increasing stretches in Gurgaon’s real estate. The region is being talked about as the city’s new grand location for commercial and residential development in the coming days, as some of the leading names in the real estate arena have launched projects here.
Apartments on Sohna Road are easily accessible from National Highway – 8, Golf Course Road, it also has excellent connectivity with the forthcoming KMP Expressway.
Also, SPR is near to the well-known residential corridor of Sohna Road. Therefore, it is no surprise that many real estate developments have arisen in this region, with several more under construction. This particular region has seen an every growing demand in the last few months by end users & investors from all over the NCR, and elsewhere too.