Southern Peripheral Road Property Rates Soar by 125 per cent in Five Years
07 Apr 2025
3 Min Read
CW Team
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鈥檚 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鈥揘H-48 stretch, including a 2km footpath and cycle track, and a 56km cycling corridor from Sector 58 to 67.
鈥淲e 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,鈥� 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 鈥淐yber City.鈥� The area already houses American Express, Air India鈥檚 training centre, and 18 commercial projects like Skyview Corporate Park and Bestech Business Tower鈥攈ome to firms like TCS and PepsiCo and employing over 82,000 people.
鈥淚n 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鈥檚 emergence as a premier real estate hub, promising high returns and strong long-term investment potential,鈥� 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.
鈥淭he 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,鈥� 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鈥檚 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鈥揘H-48 stretch, including a 2km footpath and cycle track, and a 56km cycling corridor from Sector 58 to 67.鈥淲e 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,鈥� 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 鈥淐yber City.鈥� The area already houses American Express, Air India鈥檚 training centre, and 18 commercial projects like Skyview Corporate Park and Bestech Business Tower鈥攈ome to firms like TCS and PepsiCo and employing over 82,000 people.鈥淚n 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鈥檚 emergence as a premier real estate hub, promising high returns and strong long-term investment potential,鈥� 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.鈥淭he 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,鈥� 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
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