Discover how Gurugram’s Southern Peripheral Road (SPR) is transforming into a prime real estate hub with soaring demand, strategic connectivity, and major developments.
Introduction
Once a quiet stretch, Gurugram’s Southern Peripheral Road (SPR) has undergone a remarkable transformation over the past decade. Emerging as one of Delhi-NCR’s most sought-after real estate corridors, SPR is now a focal point for investors and homebuyers alike.
Unprecedented Growth in Housing Demand
According to PropEquity, between 2020 and 2024, housing supply along SPR reached 14,224 units, with 10,101 units absorbed. Even in the first quarter of 2025, despite market fluctuations, 516 units were launched and 139 were sold. Property prices have also seen a significant uptick, with the weighted average price for new launches rising from ₹7,693 per sq ft in 2020 to ₹17,123 per sq ft by the end of 2024.
Strategic Connectivity and Infrastructure Boost
SPR’s strategic location enhances connectivity across Gurugram, linking key areas such as Golf Course Road, Sohna Road, and NH-48. This 16-kilometer corridor significantly reduces commute times and alleviates congestion. The completion of SPR, along with the Dwarka Expressway and the Rapid Transit System, is expected to further improve connectivity, driving demand.
Major Developments Fueling SPR’s Rise
Several big-ticket developments are propelling SPR’s ascent as a real estate hotspot:
- Residential Projects: Developers like DLF, Signature Global, and Whiteland Corporation are launching upscale residential projects to cater to the growing demand.
- Commercial Hubs: Corporate expansions with hubs such as Skyview Corporate Park and Pioneer Square are attracting businesses and boosting employment opportunities.
- Retail Spaces: The development of retail hubs, including DLF’s Mall of India, is enhancing the lifestyle quotient of the region.
- Infrastructure Upgrades: The Gurugram Metropolitan Development Authority (GMDA) has sanctioned major infrastructure projects to support SPR’s growth.
Expert Insights
Industry experts highlight the factors contributing to SPR’s rapid development:
“SPR has witnessed a remarkable transformation in the past five years,” said Samir Jasuja, founder and CEO of PropEquity. “Between 2020 and 2024, housing supply along the corridor reached 14,224 units, with 10,101 units absorbed. Even in the first quarter of 2025, despite market fluctuations, 516 units were launched and 139 were sold.”
“The stable repo rate has also boosted confidence among investors and homebuyers,” said Navdeep Sardana, founder of Gurugram-based Whiteland Corporation. “With the completion of SPR, the Dwarka Expressway, and the Rapid Transit System, connectivity will further improve, driving demand.”
Conclusion
Gurugram’s Southern Peripheral Road is rapidly emerging as a key real estate hub in Delhi-NCR. With robust housing demand, strategic connectivity, and significant infrastructural developments, SPR offers lucrative opportunities for investors and homebuyers seeking long-term value.
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