Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Gurugram's Southern Peripheral Road (SPR) is rapidly emerging as a prime real estate and business hub, with property prices soaring 125% since 2020. Driven by the rise of corporate centers and major developments, SPR is being dubbed 'Cyber City 2.' Prices jumped from INR 7,690 to INR 17,300 per sq. ft., supported by government investments like INR 2,000 crore for infrastructure and an additional INR 8.25 crore for pedestrian and cycling tracks. Top developers like DLF and Signature Global are launching major projects, while existing facilities host giants like TCS and PepsiCo. With improved connectivity, civic upgrades, and rising demand, SPR is positioned as Gurugram's next growth engine.
Southern Peripheral Road (SPR) in Gurugram is experiencing a dramatic transformation. Over the past five years, property prices have risen by an impressive 125%, propelled by the emergence of major corporate hubs. This remarkable growth is establishing SPR as the next Cyber City-a dynamic centre for commerce and development-drawing attention from both investors and working professionals. Advertisement
As per research by PropEquity, within a short span, property values on SPR have more than doubled. From approximately INR 7,690 per sq. ft. in 2020, prices have escalated to INR 17,300 by mid-2024, firmly positioning the area as one of the leading real estate hotspots and a wise choice for investment.
This surge in value is expected to receive further momentum following the Haryana Government's allocation of INR 2,000 crore for infrastructure improvements in its 2025-26 Budget. This significant investment aims to enhance roadways, improve connectivity, and upgrade civic infrastructure, thereby cementing SPR's status as a real estate and business stronghold.
In addition to this, the Gurugram Metropolitan Development Authority (GMDA) recently sanctioned an INR 8.25 crore project to upgrade the Vatika Chowk to NH-48 stretch. The development includes a 2-kilometre footpath and cycling track across sectors 58/61 and 59/61, alongside a 56-kilometre pedestrian and cycle corridor spanning from Sector 58 to 67.
Mr Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd., commented that SPR had evolved into one of Gurugram's leading real estate corridors, propelled by robust infrastructure, superior connectivity, and increasing commercial opportunities. He stated that its strategic placement facilitates convenient commuting, thus attracting both end-users and investors. Signature Global's project, Titanium SPR in Sector 71, had been strategically located in the area, offering state-of-the-art amenities and excellent connectivity.
The area's evolution into "Cyber City 2" is being accelerated by developers like DLF and the planned DLF Mall of India, which is anticipated to become the country's largest shopping mall, thereby driving retail and business activity further.
SPR already hosts major corporate facilities, including offices of American Express and Air India's training centre, along with 18 ongoing commercial projects. Key properties such as Skyview Corporate Park, Pioneer Square, and Bestech Business Tower accommodate renowned companies like TCS and PepsiCo, employing over 82,000 professionals. According to PropEquity, new project launches in SPR increased by 584% in the past five years (2020-2024), from just six projects in 2015-2019 to 23 projects in the more recent period. Housing supply likewise saw a near sixfold rise, growing from 1,602 to 10,962 units.
Mr Ashok Kapur, Chairman of Krishna Group and Krisumi Corporation, stated that Gurugram had recently become a key real estate destination, witnessing significant demand, especially in micro-markets such as SPR, Dwarka Expressway, Central Peripheral Road, and regions around the Sohna Elevated Corridor. He noted that these areas had captured strong interest from both homebuyers and investors, thanks to swift infrastructure advancements and positive future outlooks. As a result, he said, property values had appreciated sharply in various localities.
SPR, a 16-kilometre corridor extending from Gurgaon-Faridabad Road to NH-48, significantly improves regional accessibility and property value. It connects to vital routes including Golf Course Road and Sohna Road at Badshahpur Chowk, ensuring faster commute times-20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram.
Presently, with 23 ongoing developments, SPR remains a prominent investment destination. PropEquity has recommended DLF Privana West (Sector 76) for long-term capital growth, Signature Global Titanium SPR (Sector 71) for medium-term returns, and Eldeco Fairway Reserve (Sector 80) for spacious, well-priced residential units.
The corridor also features a comprehensive ecosystem with renowned educational institutions such as St. Xavier's and DPS International, healthcare services including CK Birla Hospital and Artemis, and luxury hospitality options such as Lemon Tree and Grand Hyatt-making SPR suitable for residential, business, and lifestyle needs. As developers and stakeholders intensify efforts in the region, SPR is set to drive Gurugram's growth trajectory for years to come.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
