Southern Peripheral Road Property Rates Soar by 125 per cent in Five Years
ROADS & HIGHWAYS

Southern Peripheral Road Property Rates Soar by 125 per cent in Five Years

Southern Peripheral Road (SPR) in Gurugram has seen property prices surge by 125 per cent in five years, driven by infrastructure upgrades and rising corporate hubs. Rates have risen from Rs 7,690 per sq. ft. in 2020 to Rs 17,300 by mid-2024, as per PropEquity, positioning SPR as a major real estate hotspot.

The Haryana Government’s Rs 20 billion (bn) allocation in the 2025-26 Budget aims to boost road connectivity and civic amenities. Additionally, GMDA has approved an Rs 82.5 million project to upgrade the Vatika Chowk–NH-48 stretch, including a 2km footpath and cycle track, and a 56km cycling corridor from Sector 58 to 67.

“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,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.

Developments by DLF and the upcoming DLF Mall of India are expected to make SPR the next “Cyber City.” The area already houses American Express, Air India’s training centre, and 18 commercial projects like Skyview Corporate Park and Bestech Business Tower—home to firms like TCS and PepsiCo and employing over 82,000 people.

“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,” said pAshok Kapur, Chairman, Krishna Group and Krisumi Corporation.

SPR, a 16-km corridor connecting Gurgaon Faridabad Road to NH-48, offers key linkages to Golf Course Road and Sohna Road. Travel times are reduced to 20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram.

“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,” said Garvit Tiwari, Director and Co-Founder, InfraMantra.

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 boasts top schools, hospitals, and premium hotels, strengthening its appeal as a live-work-play destination.

Photo: Freepik
                     

Southern Peripheral Road (SPR) in Gurugram has seen property prices surge by 125 per cent in five years, driven by infrastructure upgrades and rising corporate hubs. Rates have risen from Rs 7,690 per sq. ft. in 2020 to Rs 17,300 by mid-2024, as per PropEquity, positioning SPR as a major real estate hotspot.The Haryana Government’s Rs 20 billion (bn) allocation in the 2025-26 Budget aims to boost road connectivity and civic amenities. Additionally, GMDA has approved an Rs 82.5 million project to upgrade the Vatika Chowk–NH-48 stretch, including a 2km footpath and cycle track, and a 56km cycling corridor from Sector 58 to 67.“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,” said Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd.Developments by DLF and the upcoming DLF Mall of India are expected to make SPR the next “Cyber City.” The area already houses American Express, Air India’s training centre, and 18 commercial projects like Skyview Corporate Park and Bestech Business Tower—home to firms like TCS and PepsiCo and employing over 82,000 people.“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,” said pAshok Kapur, Chairman, Krishna Group and Krisumi Corporation.SPR, a 16-km corridor connecting Gurgaon Faridabad Road to NH-48, offers key linkages to Golf Course Road and Sohna Road. Travel times are reduced to 20 minutes to Sohna Road, 14 minutes to Golf Course Extension, and 16 minutes to New Gurugram.“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,” said Garvit Tiwari, Director and Co-Founder, InfraMantra.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 boasts top schools, hospitals, and premium hotels, strengthening its appeal as a live-work-play destination.Photo: Freepik                     

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?