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Sohna emerges as new micro-market in Delhi-NCR; set to add 16000+ residential units in 3 years

New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the National Capital Region (NCR). The town has experienced a remarkable rise in residential supply post-pandemic, becoming the third-largest market in Gurugram after Dwarka Expressway and New Gurgaon.
According to Square Yards, the surge in real estate is due to the improved infrastructure and increased developer activity. It stated that the total new supply in Sohna (since 2020) already surpassed the cumulative supply of the previous decade (2010–2020), signalling an inventory with an average age of less than four years. It noted that the market is mainly dominated by 2BHK units, which account for 65 per cent of supply, followed by 3BHK units at 26 per cent.

Sohna Real Estate News

In recent years, Sohna has witnessed a notable shift towards mid-to-high-end properties. The real estate developers are focusing on premium segments. The report said that the properties priced above Rs 1 crore constitute 34 per cent of the new supply, more than double the 15 per cent share in 2019.
The region’s residential pipeline remains robust, with over 16,000 new units expected to be delivered over the next three years.
Commenting on the development, Rajat Likhyani, Principal Partner, Square Yards said that several leading developers have strategically positioned themselves, securing land parcels and actively rolling out new launches across on-going and new projects according to the reports published in etnownews.com.
“The response from homebuyers has been equally robust, matching the increasing supply. At Square Yards, we are observing sustained growth in buyer interest in Sohna across all segments—apartments, independent floors, and plots. This rising demand has, in turn, driven property prices into double-digit growth territory. We view this as the early phase of Sohna’s long-term growth narrative, with the micro-market presenting substantial opportunities for end-users, investors, and developers alike,” he said.

Sohna Real Estate Market News

The Square Yards market insights suggest that affordability continues to drive demand, and investor interest is on the rise. It stated that about 23 per cent of buyers are targeting properties priced between Rs 1 to 2 crore, and 6 per cent focusing on properties above Rs 2 crore.
Property price appreciation in the region has been steady, with values almost doubling since 2019. In 2024, prices saw a 13 per cent increase compared to the previous year, with current rates ranging between Rs 7,500 and Rs. 8,500 per sq. ft, the report said.

Sohna Real Estate Market

According to the report, Sohna has attracted major developers, with Signature Global emerging as the leader in project launches since the pandemic. Their flagship development, ‘Signature Global Park’, stands out as one of their most significant contributors to the region’s growing inventory. Other key players include Ganga Realty, with their project ‘Ganga Tathastu’, as well as MVN Infrastructures Pvt Ltd, Central Park Group, Silverglades, and Ashiana.
Pradeep Aggarwal, Founder & Chairman, of Signature Global (India) Ltd, believes that Sohna holds immense potential for future development. He added that the company recently launched DAXIN, the mid-housing real estate project located in a prime position right next to the Sohna Toll Plaza.
“DAXIN offers an exceptional living experience, complete with world-class amenities in a rapidly developing neighborhood. Spread across 125 acres, the project features Signature New Launch Lowrise Floors, thoughtfully designed for those seeking spacious and luxurious homes. With premium interiors and cutting-edge facilities, DAXIN delivers a truly indulgent lifestyle,” he said.
The Property Times News Bureau

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RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

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