Sohna Road gets more appreciation than Golf Course Road Extension
New-Delhi- One of the key factors which influence the property prices is the location followed by other attributes.
The location of a project defines if the project is premium, mid-ranged or affordable. The Golf Course Road Extension and Sohna Road are two such areas which have innumerable apartments in Gurgaon wherein the first area has premium units and the second one has varied variety of units.
Both these segments have an increased demand due to the proposed infrastructure and easy connectivity. The price rise in these areas has been increasing respectively with about 8 percent increase in capital values.
In the past three months, the Golf Course Road Extension has witnessed a property value increase of 6 percent. The price increase of the projects in Gurgaon based on the easy accessibility of the roads from NH-8, the Delhi airport and the Golf Course Road.
Since commuters from Delhi to Sohna have to take just one road, the area has been witnessing an increasing demand. Another reason for the increase in property prices is the low base in comparison with the Golf Course Road Extension.
The properties at Golf Course Road Extension are priced at Rs. Rs 6,000 to Rs 14,000 per sq ft. Most properties in Sohna Road apart from few chosen projects are priced in a range of Rs. 5,000 to Rs 10,000 per sq ft.
Both the regions have seen many investors and Sohna-Road has increased percentage of genuine end-users. According to a developer, the rate of appreciation on Sohna-Road stretch will increase up to 10-15 percent in the coming years. However, comparatively Golf Course Road extension has a large number of projects to offer.
Talking about the supply in these areas, studies have shown that these two areas are the best supplied areas after Dwarka Expressway. Both the localities have better supply with Golf Course Extension having the best projects with hi-tech facilities for the end-users.
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Sohna Road in Gurgaon will be constructed by HUDA
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