Sohna Road or Golf Course Extension Road: What's Your Pick?

People often turn to the Gurgaon real estate market, hoping a fast price appreciation and good future prospects. This is bound to bring them to the two fastest-growing areas around the city: Sohna Road and Golf Course Extension Road. It might be tough to choose between the two, as they have similarities: both the areas have seen a capital value appreciation of 20-25 per cent in past six months; both offer a great connectivity. Got confused? PropGuide helps you take you pick by comparing the two localities on different parameters.

The price card

Golf Course Extension Road has a reputation for being a premium locality, with villas and 4BHK apartments that cater mostly to the rich and the famous. Be it Mahindra Luminare, M3M Latitude or Versalia, most of the properties range between Rs 1.45-7 crore. A 4BHK apartment in Golf Course Extension Road with a 2,875 sq ft area can cost around Rs 4 crore. Very few properties in this area are under Rs 50 lakh and below.
The case with Sohna Road is different. The area offers a variety in numbers and sizes. A 1BHK apartment in Sohna Road with basic facilities can cost you around Rs 12 lakh. Most properties here range between Rs 25- 50 lakh. Projects such as Raheja Krishna Housing Scheme, HCBS Sports Ville and Arawali offer homes in this price range. Thanks to the many affordable projects here, Sohna Road is a flourishing residential property market in the National Capital Region (NCR). By putting in huge money, investors are also betting on the future growth here.

According to PropTiger Data Labs figures, average property prices in Sohna Road went up to Rs 8,111 per sq ft in the second quarter of the current financial year from Rs 7,991 per sq ft in FY13 second quarter. Prices in Golf Course Extension Road peaked to Rs 12,994 per sq ft from Rs 10,442 per sq ft in the same period.

The segment

With its premium homes, Golf Course Extension Road is primarily a residential area. Sohna Road, on the other hand, is a combination of both residential and commercial projects. Many mid-size automobile parts companies and traders have set up shop at Sohna Road. Most of the residences in this area cater to the young and working professionals working in these offices.

The infrastructure

A close look at the road connectivity would let you know Golf Course Extension scores better. It is close to the Indira Gandhi International airport, the - Faridabad expressway and National Highway-8 (NH8). Golf Course is also home to several educational institutes such as the Amity University, the Public School and Scottish High School.

While is also connected to the NH-8, roads here are not as well planned as in Golf Course Extension. One often sees traffic jams due to smaller and damaged roads. Sohna Road is home at least seven big malls such as Omaxe, Liberation Mall and R-Mall.

The growth

With a number of upcoming projects, Golf Course Extension Road and Sohna Road are widely considered as the next growth areas in the NCR. Construction of the Southern Pheripheral Road, which connects Golf Course Extension Road to NH8, intersecting Sohna, will result in good capital appreciation in both these areas.

The and Master Plan of 2031 also calls for developing the metro connectivity along the -Faridabad road. An extension of the -Faridabad road is also on cards. All these developments will ensure that both these areas will develop as well as appreciate in the future.

What's your pick?

Both these areas equally lucrative. So, to take a final decision, consider your budget and requirements.

While, Sohna Road might have better rental values, as it is closer to many commercial establishments. It also has a number of affordable properties. Golf Course Extension Road, with its villas and penthouses, will attract many Non-Resident Indian investors and others who would want it for both residential as well as investment purposes.

(Katya Naidu has been working as a business journalist for the last nine years, and has covered beats across banking, pharma, healthcare, telecom, technology, power, infrastructure, shipping and commodities.)