Gurugram's dynamic real estate market is entering a new phase of growth, which is driven by emerging micro-markets. Sohna, Dwarka Expressway, Golf Course Road, Golf Course Extension Road and SPR are the top five investment destinations, which are projected to deliver 1.0-1.6x appreciation over the next five years, according to leading global real estate services and investment management company Colliers.

Sohna, in particular, stands out with 1.6x expected growth due to recent infrastructural developments like the Delhi-Mumbai Expressway, IMT Sohna, dual-airport access and the upcoming Aravalli jungle safari. If these micro-markets grow as expected, they could anchor the Millennium City to lead India's urban transformation.

"India’s urban transition is gaining momentum, with over 36% of the population now residing in cities. Once known primarily as a land of villages, the country is experiencing rapid demographic shifts. Key drivers for this expansion include migration fuelled by employment opportunities, consequently leading to rising demand for real estate and infrastructure activities within expanding city precincts," says Colliers’ latest report, titled ‘Emerging Micro-Markets Driving Growth in NCR’s Investment Landscape: Gurugram’s Sohna Micro-Market Rising as a Preferred Destination’.

Out of the total graded residential supply of 85,921 units in NCR, Gurugram, including Sohna, has the highest supply share (73%), across emerging micro-markets like Sohna, Golf Course Extension Road, SPR (Southern Peripheral Road), Dwarka Expressway – all of which are witnessing new supply, the report says. Sohna stands out as one of the prime investment-friendly destinations, driven by transformative infrastructure projects, including IMT Sohna, Delhi–Mumbai Expressway, dual airport connectivity and the 10,000-acre Aravalli jungle safari, it adds.

The fast pace of development across these micro-hubs is expanding the city’s footprint from core to peri-urban areas, and these emerging corridors are being shaped by infrastructure upgrades, investment-friendly housing options and enhanced intra-city connectivity.

Why Gurugram shines as a leading real estate hub?

Notably, within the National Capital Region (NCR), urbanisation has been most pronounced in satellite cities such as Delhi, Gurugram, Noida, Faridabad and Ghaziabad. Among these, Gurugram has emerged as a leading hub, driven by strong in-migration of professionals and entrepreneurs, large-scale infrastructure upgrades, and luxury residential development. Its transformation began with the establishment of Maruti Suzuki in 1982, gained momentum with the first Gurugram Master Plan 2031 released in 2007, further accelerated by IT/Business Parks, Yellow line Metro expansion, Expressway connectivity and industrial development. With land availability in central Gurugram becoming saturated and commercial hubs such as Cyber City, Golf Course Road, and Dwarka Expressway reaching maturity with respect to land area and price, the city’s urban footprint has steadily moved towards South of Gurugram. This has led to the rise of new micro-markets that are witnessing growing demand for real estate activity.

Moreover, as South of Gurugram emerges as the city’s new frontier for development, SPR and Golf Course Extension Road and Sohna are acting as key growth corridors. Out of which, Sohna is steadily evolving as a complementary hub, shaped by affordable-to-upper mid housing, industrial estates, and rapidly improving infrastructure.

What do stakeholders say?

The micro-market has seen a surge in preference for ultra luxury residences, high-rise gated communities, and lifestyle-driven living, attracting HNIs, NRIs, and upwardly mobile professionals. Within this thriving belt, Anant Raj Estate by Anant Raj Limited in Sector 63A, Golf Course Extension Road stands out as a flagship luxury township. “The Golf Course Extension Road has evolved from a promising growth corridor into the undisputed destination of luxury living in Delhi-NCR — a future-ready hub where world-class infrastructure, connectivity, and lifestyle converge,” says Aman Sarin, Director and CEO, Anant Raj Limited.

India’s urban expansion is reshaping its economic and real estate framework, and Gurugram remains at the forefront of this transformation, says Robin Mangla, President M3M India. "With the city’s core areas nearing saturation, development is now moving southwards towards Sohna where connectivity, and employment opportunities are creating a balanced ecosystem for future growth. Supported by the Sohna Master Plan 2031, expressway linkages, and strong industrial activity, this region complements Gurugram’s premium zones, offering new investment avenues," says Mangla.

Why Sohna could become a major micro-market in Gurugram:

1. Sohna is just a 40-minute drive from Gurugram’s key employment hubs like Cyber Hub and Golf Course Road, and less than an hour from IGI Airport.

2. In the last five years, Sohna has emerged as a preferred residential hub, evolving from affordable housing to mid and upper mid-segment developments, driven by infrastructure growth and strong developer activity - offering ‘right-priced, right-sized’ homes and long-term returns on investment.

3. It has recorded a graded residential apartment supply of 8,200 housing units, with only 45% available in the primary market for sale, highlighting steady demand and absorption rate.

4. Residential prices along Sohna Expressway range between Rs 10,000-12,000 per sq. ft. (BUA), which is 2.3 X more affordable than other micro-markets of Gurugram.

5. The presence of the 1,500+ acre IMT Sohna, buoyed by over 10,000+cr. of PPP investments, quick connectivity of Sohna to the Delhi Mumbai Expressway and evolving presence of manufacturing giants are further accelerating Sohna’s growth as a credible employment-generating micro-market and resultant premium and luxury housing location.

6. Sohna is known for its well-established social and tourist infrastructure, which is set to be further enhanced by the upcoming 10,000-acre jungle safari project.