Sohna Road: Next Commercial Hub

Since last 8 years DLF Cyber City, MG Road & Golf Course Road has remained a prime destination for MNC’s and corporate houses to set up their businesses in Gurgaon. Proximity to Delhi and International airport was the main reason that these place flourished. DLF & Sushant Lok catered the residential solution to the employees of these MNC’s and corporate.

The existence of so many commercial buildings on Golf Course and surrounding area resulted in huge rise in residential buildings. Now the rates have soared up to Rs 20K per sqft in premium housing like Aralia, Pinnacle, Laburnum etc and Rs 15k-12k per sqft in Sahara Grace, Summit, Pinnacle etc.

Now the MNCs and corporate are exploring new destination within Gurgaon i.e Sohna Road. Sohna Road provides good options of commercial building (see list at bottom) with very low rental rates as compared to Golf Course Road. A office in well maintained commercial buildings in Sohna Road can be acquired at the rental rate of Rs 35-45 per sqft where as same space in DLF Cyber City, MG Road & Golf Course Road comes at Rs 100-120 per sqft.

Companies clearly are cutting cost by opting for Sohna Road. Sohna Road has quick access from NH-8 and almost takes equal time to reach any office in DLF Cyber City, MG Road & Golf Course Road as there is heavy traffic congestion in these areas.

Sohna Road also provides decent and affordable residential options as compared to expensive DLF & Sushant Lok areas. There are many existing townships on Sohna Road like Vatika City, Park View City 1&2, Orchid Petals etc . Sohna Road again has a quick linkage to Golf Course Road by 90 meters vide Golf Course Extension Road. Metro is also proposed to connect Sohna Road to other operational Metro routes.

Moreover the upcoming projects of IREO, M3M, TATA, EMAAR etc on Golf Course Extension Road will add market value of Sohna Road.

In coming days the Sohna Road is bound to be a successful landing place for multinational companies. It will be a good decision to INVEST in Sohna Road and surrounding areas.

LIST OF OPERATION COMMERCIAL CENTRES ON SOHNA ROAD

Universal Business Park	Vatika Professional Point	Ninex City Mart
Vipul Trade Centre	Raheja Mall	Scottish Mall
Iris Tech Park	Vatika City Commercial	JMD Galleria
Omaxe Wedding Mall	Emmar MGF Palm Square	Vatika Business Park
Park View Business Tower	IT Park	Spaze Edge
Orchid Business Centre	Vipul Business Park	ILD Trade Centre
SAPZE 2	Universal Trade Tower	Spaze IT Park
Welldone Tech Park	Parvsnath IT Park	Omaxe Gurgaon Mall
Omaxe City Centre	JMD Megapolis

Pankaj Yadav

The author can be reached at 9899740003 for discussion and further clarification.

Author manages a leading real estate portal www.easyghar.com

Enhancement in HUDA Sector 27, 28, 42, 43, 51 & 52 Gurgaon

In a recent development plot holders and flat owners in CGHS in Haryana Urban Development Authority (HUDA), Gurgaon Sectors 27, 28, 42, 43, 51 & 52 have suffered a major setback as authority has enhanced the basic procurement price of their plots on the pretext of courts order which has enhanced the compensation to local villagers on who whose land these sectors were developed.

The details of enhancement in these sectors is as under:-

1	Sector-27	Rs 4993.77 per sqyds	Order No. HUDA-CCF-Acctt.-2011/43254 dt 30.12.2011
2	Sector-28	Rs 4716.96 per sq yds	Order No. HUDA-CCF-Acctt.-2011/43248 dt 30.12.2011
3	Sector-42	Rs 4951.61 per sqyds	Order No. HUDA-CCF-Acctt.-2011/43252-53 dt 30.12.2011
4	Sector-43	Rs 5185.00 per sqyds	Order No. HUDA-CCF-Acctt.-2011/42250-51 dt 30.12.2011
5	Sector-51	Rs 4666.06 per sqyds	Order No. HUDA-CCF-Acctt.-2011/1229 dt 11.01.2012
6	Sector-52	Rs 4215.89 per sqyds	Order No. HUDA-CCF-Acctt.-2011/803 dt 09.01.2012

However the plot holders of Sector-27, 28, 42 & 43 of HUDA, Gurgaon are having their first enhancement to their initial allotment price, main wrath has fallen on the plot holders od Sector 51 & Sector 52 who have being asked to pay 3^rd enhancement with 1^st enhancement was levied in July 2009 & 2^nd in July 2011.

Sector 52 has being carved out on the land of Village Wazirabad which was acquired by HUDA in 1998 at Rs 361 per sq yds and HUDA subsequently allotted plots to allottees at Rs 4000/- per sqyds(approx)

1	In 1998 land was acquired by HUDA from Villagers of Village Wazirabad for Sector-52 at Rs 361/- per sqyds	In 2004 plots were allotted in Sector 52 at Rs 4000/- per sqyds
2.	In 2009 Hon’ble Sessions Court, Gurgaon enhanced the acquisition rates of villagers land to Rs 717/- per sq yds for Rs 361/- per sqyds	1st Enhancement:-In June 2009 HUDA, Gurgaon levied this cost to plot holders of Sector 52 and cost of plot was enhanced to Rs 1488/- per sqyds
3	In 2011 Hon’ble High Court of Punjab & Haryana further enhanced the acquisition rates to Rs 1200/- per sq yds from Rs 717/- per sqyds.	2nd Enhancement:-In June 2011 HUDA, Gurgaon again levied this cost to plot holders of Sector 52 and cost of plot was enhanced to Rs 2400/- per sqyds

Now this 3^rd Enhancement of Rs 4666.06 & Rs 4215.89 in Sector 51 & 52 respectively is unexplainable and non maintainable as this time local villagers are not being given any compensation, as their appeal in Hon’ble Supreme Court is still pending for orders.

Another point for consideration is that Hon’ble Courts pass these enhancement of acquisitions rates order to Haryana Govt, which if desire can compensate the villages from its other sources.  The commercial spaces are still laying vacant in these sectors which can be auctioned to fund these compensation.

Now allottees/residents of plots in Sector 51 & 52 have decided to contest this enhancement in the court of law. HUDA has found easy way to snatch the hard earned money of plot holders.

Pankaj Yadav

The author can be reached at 9899740003 for discussion and further clarification.

Author manages a leading real estate portal www.easyghar.com