Southern Peripheral Road (SPR) in Gurugram is undergoing a game-changing transformation! In just five years, property prices have soared by an impressive 125%, fuelled by the rapid rise of major corporate hubs. This growth is quickly positioning SPR as the next Cyber City, a vibrant hub of business and development that’s capturing the attention of investors and professionals alike.
PropEquity research shows that in just a few years, property values on Gurugram's Southern Peripheral Road have more than doubled. Jumping from Rs 7,690 per sq. ft. in 2020 to a whopping Rs 17,300 by mid-2024, SPR is now a top real estate hotspot and a smart place to invest.
With property values skyrocketing, SPR is set to benefit from Haryana Government’s Rs 20 billion infrastructure infusion in the 2025-26 Budget. This game-changing investment will revamp road networks, boost connectivity, and upgrade civic amenities, solidifying SPR’s reputation as a leading real estate and business hotspot.
Boosting SPR’s position as a top real estate and business hub, the GMDA has approved an Rs 82.5 million project to upgrade the Vatika Chowk to NH-48 stretch. The plans also include a 2km footpath and cycle track along sectors 58/61 and 59/61, along with a 56km cycling and pedestrian corridor from Sector 58 to 67.
Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said, "Southern Peripheral Road (SPR) has become one of Gurugram’s prime real estate corridors, fueled by infrastructure growth, excellent connectivity, and increasing commercial activity. Its strategic location enhances commuting, attracting both homebuyers and investors.
We have strategically positioned our residential project, Titanium SPR, in Sector 71, offering modern amenities and seamless connectivity. The region, with premium developments like SPR Estate, is transforming into a well-integrated urban hub, making it a top destination for homeowners and investors alike."
Southern Peripheral Road (SPR) is rapidly transforming into "Cyber City 2," supported by developers like DLF and the upcoming DLF Mall of India, which will be the largest mall in India and boost retail and business activity.
The area already has major corporate hubs, including offices for American Express and Air India’s training center, along with 18 commercial projects. Key developments like Skyview Corporate Park, Pioneer Square, and Bestech Business Tower house top companies like TCS and PepsiCo, employing over 82,000 people.In the last five years (2020–2024), new project launches on SPR surged by 584%, rising from six in 2015–2019 to 23 in 2020–2024. Housing supply also grew nearly sixfold, from 1,602 to 10,962 units, according to PropEquity.
Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said, “In recent years, Gurugram has emerged as a hotspot for real estate, witnessing a remarkable surge in demand, particularly across key micro-markets such as Southern Peripheral Road, Dwarka Expressway, Central Peripheral Road, and areas around the Sohna Elevated Corridor. These areas have garnered strong interest from both investors and homebuyers, driven by rapid infrastructure development and promising future growth. As a result, property prices have risen manifold, with some locations experiencing exponential appreciation.
With continued government support for infrastructural growth in these regions, the future prospects look promising for the housing and allied sectors. Sustained growth would reaffirm Gurugram’s emergence as a premier real estate hub, promising high returns and strong long-term investment potential.”
SPR, a 16-km corridor from Gurgaon Faridabad Road to NH-48, enhances accessibility and real estate value. It connects key roads like Golf Course Road and Sohna Road at Badshahpur Chowk, easing traffic and reducing travel with 20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram.
Garvit Tiwari, Director and Co-Founder of Property Consulting Firm InfraMantra, said, “The Southern Peripheral Road (SPR) has emerged as a key micro-market in Gurugram. The exponential rise in supply with close to 11,000 units being launched in the last five years suggests the growing demand owing to increased commercial activity, infrastructure development and connectivity to all parts of NCR. High-end luxury projects like Tulip Crimson in Sector 70 has been drawing investors and end-users owing to its locational advantage, trusted legacy and good return on investment.”
With 23 ongoing projects, SPR is a prime investment hub. PropEquity recommends DLF Privana West (Sector 76) for long-term growth, Signature Global Titanium SPR (Sector 71) for mid-term returns, and Eldeco Fairway Reserve (Sector 80) for spacious, well-priced homes.
SPR also offers a well-rounded ecosystem with top schools like St. Xavier’s and DPS International, healthcare facilities like CK Birla Hospital and Artemis, and premium hotels like Lemon Tree and Grand Hyatt, making it ideal for living, business, and lifestyle.
In conclusion, SPR is a prime real estate hub with strong connectivity, growing infrastructure, and rising property values. Its transformation into "Cyber City 2" positions it as a key driver of Gurugram’s growth and investment potential.
