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Gulzar Deen
ILD Grand Sohna: Resale market reality check?
Been looking at Sohna for about six months now, mainly ILD Grand. It's completed which is good, my budget's around 1.5 Cr. I'm trying to understand its resale market better. How liquid is this project really? Is there an active secondary market if I need to exit in 5-7 years? Also, what's the capital appreciation been like since launch? Not sure if prices have plateaued. Is it mostly investors or end-users there? Parents are skeptical about Sohna's long-term growth. Any experiences?
#ild-grand#sohna#resale-value#capital-appreciation#investor-ratio
Comments
Look, ILD Grand is one of the better bets in Sohna because it's completed and has a decent builder reputation. But Sohna as a micro-market is still developing. Your parents are right to be cautious about long-term growth. Don't expect Gurgaon-like appreciation. If you're looking for a quick exit in 5-7 years, liquidity might be an issue. Maybe look at sectors closer to Airport Road or even Baharampur Naya if you want a slightly better established area with similar budgets, though maybe smaller units. ILD Grand is good if you plan to live there for 10+ years.
So, is it mostly investors still holding on, ya end-users bhi shift ho gaye hain ab? That's key for resale, I think.
My cousin booked a 3BHK in ILD Grand back in 2018 for around 90 lakhs. He was a bit worried but the appreciation has been steady. He recently got an offer for 1.7 Cr, so almost double. But that was for a bigger unit. For a 2BHK, the appreciation is there but not as dramatic now. He's an end-user, not planning to sell anytime soon, but it gives him peace of mind. Your parents' skepticism is valid for Sohna generally, but ILD Grand has done relatively well compared to some other projects there.
U11, that appreciation is from a very low base. Right now, the Gurugram market overall is a bit stagnant, especially for properties beyond Golf Course Road Ext. Sohna is even further out. Don't expect similar jumps in the next 5-7 years, might be slower growth.
Wow, 90 lakhs to 1.7 Cr is great! Kitna percentage appreciation mila aapko? Aur rental yield kya hai wahan abhi?
ILD Grand is completed, that's a huge relief, right? No possession delays to worry about. My agent was pushing for it too, saying it's one of the better projects in Sohna. The build quality looks decent from what I saw.
I live there! Can confirm the build quality is good. Most of my neighbours are actually end-users, especially families. There are some investors too, but it's not like 90% rental properties. It feels like a proper community now.
U8, current resale for a 2BHK is hovering around 1.3 Cr to 1.6 Cr depending on the tower and floor. When it launched, prices were much lower, around 45-50 lakhs for a 2BHK. It has 850 units and the RERA number is HRERA-386 of 2017. So, decent appreciation for early birds, but now it's stable.
Haan, completed projects are always less risky. Approx kya price mein mila tha aapko ya current resale rate kya chal raha hai? My budget is also similar, around 1.5 Cr.
Bhai, Sohna ka resale market... hmm. I've been hearing mixed reviews. Liquidity is a big concern for me too, especially if you're planning to exit in 5-7 years. Bahut saare projects wahan pe investors ne le rakhe hain, aur jab sab ek saath bechne niklenge toh prices gir sakte hain. Be careful.
Yaar, I think Sohna is changing now. Connectivity is improving, and with the development happening around the KMP Expressway, things will pick up. ILD Grand toh completed hai, which is a huge plus. Investors might exit, but end-users are also slowly moving in.
Totally agree with U1. My friend bought in a different project near Badshahpur a few years back, still struggling to find a good buyer. Sohna still needs time to mature for easy exits.